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Drake & Scull writes off $1.12bn; restructuring plan on trackDrake & Skull International, a leading contracting and engineering company, has announced the completion of the company's compliance with all restructuring plan requirements after issuing mandatory convertible sukuk to the company&rsqu More… |
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Drake & Scull writes off $1.12bn; restructuring plan on trackDrake & Skull International, a leading contracting and engineering company, has announced the completion of the company's compliance with all restructuring plan requirements after issuing mandatory convertible sukuk to the company&rsqu More… |
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Birla Carbon closes first Sustainability-Linked Loan of $750mBirla Carbon, a global leader in manufacturing high quality carbon black solutions, has announced the execution of a $750 million Sustainability Linked Loan (SLL) with a syndicate of more than 15 banks. T More… |
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Birla Carbon closes first Sustainability-Linked Loan of $750mBirla Carbon, a global leader in manufacturing high quality carbon black solutions, has announced the execution of a $750 million Sustainability Linked Loan (SLL) with a syndicate of more than 15 banks. T More… |
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Al Mazaya Holding company settles debts to GCC bankKuwait-based Al Mazaya Holding said one of its units First Dubai Real Estate Development Company has completely settled its due debts worth Dh189.5 million ($52 million) with a leading GCC bank in addition to the related financing charges and ot More… |
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UAE residents 'prioritise paying debts, remittances'UAE residents are paying down debts and remitting money more regularly, as their perceptions of their financial wellbeing improve, said yallacompare, a top leading comparison site for financial products in the Middle East. During More… |
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Top contractor Saudi Oger's debts top $10bnA Saudi court has estimated the accumulated debts of the now-liquidated construction giant Saudi Oger to be at more than SR40 billion ($10.6 billion), said a report. This includes SR22 billion owed to suppliers and SR2.6 billion o More… |
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Travel bans for unpaid debts to be streamlined in BahrainTravel bans slapped on some citizens, expatriates and visitors in Bahrain for unpaid debts are to be streamlined. People prevented from travelling by court order will be able to pay their dues online at Bahrain International Airport for the ba More… |
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Bahrain MPs limit govt borrowing despite warningsBahraini MPs have voted to limit government borrowing despite warnings that it would result in dramatic cutbacks in public spending. Parliament unanimously approved a proposal to cap state borrowing at 60 per cent of gross domestic product (GD More… |
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Dubai likely to offer massive IPO in 2014/15Dubai expects to offer at least one flagship asset to the public as early as next year to stimulate investment and shore up its role as a global trade hub, a senior government official said. Mohammed al-Shaibani, chief executive o More… |
