Dubai-based real estate agency S&K Estate Agents said a deteriorating property market in the UAE emirate contributed to its decision to file for bankruptcy and be liquidated.
"Simply put, the revenue being generated by th
US airlines have received benefits valued at $71.48 billion, more than $70 billion of which has been since 2000, enabling the nation's three largest carriers to transition from the verge of bankruptcy to today’s industry leaders, each
A group of investment vehicles owned by a Bahraini bank are seeking US bankruptcy protection to shield more than $200 million from Saudi Arabia's Ahmad Hamad Algosaibi and Brothers, agency reports say.
Awal Finance Company, a
Delta Airlines CEO Richard Anderson has said that the Gulf region was the source of the September 11, 2001 attacks that hurt the airline industry in the US.
In an interview with CNN’s Richard Quest, Anderson said it was iron
Wet Seal became the fourth US apparel retailer to file for bankruptcy in two months as the sector struggles with growing competition and lower spending by teen shoppers.
The company said its shift away from fast-fashion clothing,
Kuwaiti firm Al Madina for Finance and Investment Co said on Wednesday it was uncertain of its ability to continue as a going concern, after posting a 26 percent drop in assets and widening its losses for the last financial year.
The collapse of Mt. Gox (short for "Magic: The Gathering Online Exchange") might appear sudden, but bitcoin insiders say its downfall began nearly a year ago as the virtual currency exchange tangled with regulators, split from former b
The Mt Gox bitcoin exchange in Tokyo has filed for bankruptcy protection and its chief executive said 850,000 bitcoins, worth several hundred million dollars, are unaccounted for.
The exchange's CEO Mark Karpeles appeared befo
Detroit filed the largest municipal bankruptcy in US history on Thursday, setting the stage for a costly court battle with creditors and opening a new chapter in the long struggle to revive the city that was the cradle of the American auto indus