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Arabtec says to go ahead with its liquidation planLeading Dubai-based contractor Arabtec Holding said it will go ahead with its plans to file application for insolvent liquidation in the competent courts 'at the earliest opportunity' due to its untenable financial position following t More… |
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UAE builder Arabtec Holding to file for liquidation, says reportArabtec Holding, a UAE-based contractor for social and economic infrastructure, has won approval from its shareholders to file for liquidation due to its untenable financial position following the fallout from the coronavirus pandemic, reporte More… |
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Oman PDO giant solar project on track despite setback to US partnerOman's energy major Petroleum Development Oman (PDO) has announced that work will continue on its ambitious Miraah solar farm project despite its key technology partner, US-based GlassPoint Solar, going into liquidation. More… |
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15 Kuwait construction firms 'may declare bankruptcy'A total of 15 companies in Kuwait will soon declare bankruptcy due to lack or scarcity of liquidity and inability to meet their financial commitments for completing projects suspended for more than three years, a media report said. More… |
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Moroccan refiner appeals court decision on liquidationMoroccan oil refiner Samir has lodged an appeal against a court decision to put it into liquidation and named an independent trustee to run the company, the refiner's lawyer said on Friday. Samir, controlled by Corral Petroleu More… |
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Payout delay agony for Bahrain Air staffToday (February 12) marks the second anniversary of Bahrain Air going into liquidation, leaving hundreds of employees without a job and thousands of customers out of pocket. Millions of dinars are still owed by the former airline, More… |
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Bahrain firm allays fears of homes seizureA Bahrain company that went into voluntary liquidation has reassured its customers that there will be no home seizures or foreclosures. Sakana Holistic Housing Solutions last week confirmed it was shutting down because its busines More… |
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Sakana Housing goes into liquidationBahrain-based Sakana Holistic Housing Solutions has gone into voluntary liquidation, a report said.. The decision was announced via the Industry and Commerce Ministry's Business Investors Centre, the Gulf Daily News report sai More… |
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Bidding 'war' for closed Waitrose outletsA bidding war is underway for six former Waitrose outlets in Bahrain after the supermarket's regional partner announced it was going into liquidation. Supa Save Bahrain, which ran the country's Waitrose shops under franchi More… |
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Liquidation of Saudi Integrated Telecom orderedSaudi retail investors face hefty losses after a royal decree ordered the liquidation of Saudi Integrated Telecom Co (SITC), which floated its shares in an initial public offer (IPO) in 2011 but never started ope More… |
