Monday 27 March 2017
 
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Restructure

Bank ABC adopts new management structure

The Bank ABC Group recently announced a new management structure that aims to accelerate the execution of its growth strategy and continue the momentum towards a more consistent and value driven operating model to better serve the needs of its c

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Ithmaar's new group structure wins approval

Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today that it has obtained final approval from the Central Bank of Bahrain (CBB) for its reorganisation plan, on the completion of all requirements. The reorganisation aims to

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Pacific Controls in bank talks about $381m debt

Pacific Controls, a Dubai-based technology company, is in talks with banks about restructuring debts of Dh1.4 billion ($381 million), sources told Reuters, one of the largest firms to have to do so since the emirate's economy began to slow.

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Pacific Controls in bank talks about $381m debt

Pacific Controls, a Dubai-based technology company, is in talks with banks about restructuring debts of Dh1.4 billion ($381 million), sources told Reuters, one of the largest firms to have to do so since the emirate's economy began to slow.

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Baosteel, Wuhan Steel announce plan to restructure

China's Baosteel Group and Wuhan Iron and Steel Group, two of the country's largest steelmakers, are together planning to restructure, their listed units said in separate stock exchange filings on Sunday. Baosteel Group is

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Oman Oil to restructure to support expansion

State-owned Oman Oil Company (OOC), the national petroleum investment company, will restructure itself to support expansion and improve efficiency, chief executive Isam al-Zadjali said. "The size of the company has grown. OOC

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Barclays cuts 150 jobs in Dubai

Barclays is cutting nearly 150 people from its corporate banking unit in Dubai as part of a restructuring of the business in the Gulf emirate, a source familiar with the matter said on Wednesday. The bank will close its office in

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Government approves restructuring of Oman Air

Oman's government has approved a restructuring of loss-making Oman Air, including the creation of subsidiaries and ventures to handle some businesses, the state carrier said on Tuesday. The government will take an additional R

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Oman Air plans major business restructure

Oman Air has revealed plans to restructure its business that will see the incorporation of subsidiary or associate companies to manage its ground handling, hospitality, cargo handling, duty free sales, and engineering operations, said a report.

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Air Berlin to decide on restructuring in few weeks

Air Berlin's board of directors will decide on a new restructuring programme for the German airline in the coming weeks, a person familiar with the matter told Reuters on Tuesday. Germany's second-largest airline, 29 per c

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