Thursday 25 December 2014
 
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restructuring

EgyptAir hires US firm for restructuring

Egypt's national carrier has hired Texas-based airline advisory firm Sabre Airline Solutions to prepare a restructuring plan for the state-owned company, which has suffered about a billion dollars in losses since 2010. A compa

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EgyptAir hires US firm for restructuring

Egypt's national carrier said on Tuesday it had hired Texas-based airline advisory firm Sabre Airline Solutions to prepare a restructuring plan for the state-owned company, which has suffered about a billion dollars in losses since 2010.

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Qalaa to issue $560m shares by May for restructuring

Egypt's Qalaa Holding will issue shares worth four billion Egyptian pounds ($560 million) by May next year to advance a major restructuring of the loss-making investment fund, a company official said. Qalaa, one of Egypt's

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Dubai World inks restructuring deal with top creditors

Dubai World's biggest creditors have agreed a deal with the state-owned conglomerate to renegotiate its debt repayment schedule, one of Dubai's top government officials said on Wednesday. However, Sheikh Ahmed bin Saeed al

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BlackBerry launches square-screen Passport

BlackBerry launched an unconventional new smartphone dubbed the Passport on Wednesday as it embarked on what may be the most critical phase of its long turnaround push. At simultaneous events in Dubai, Toronto and London, BlackBer

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Amlak offers new restructuring deal for $2.7 bn debt

Dubai mortgage lender Amlak has made a new proposal to creditors to restructure and extend repayments of about $2.7 billion of debt, aiming to end protracted talks over the last major hangover from the emirate's property market crash in 2008

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Arabtec calms markets, says restructuring won't hurt projects

A restructuring of major Dubai construction firm Arabtec will not damage its ability to proceed with its expansion plans, chairman Khadem Abdulla al-Qubaisi said in a statement on Wednesday. Qubaisi issued the statement to the Dub

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Gulf Air losses halve after restructuring

Bahrain's national carrier Gulf Air said on Tuesday its annual losses fell by 52 per cent in 2013 as it neared the end of a five-year restructuring. Gulf Air, which has cut routes and staff, said its losses fell by more than 1

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Dubai confirms final debt deal

Financial services conglomerate Dubai Group has reached a final deal with creditors on restructuring $10 billion of debt, resolving the last major hangover from the emirate's financial crisis, its parent company confirmed. Len

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Dubai Group signs $10bn debt restructuring deal

Dubai Group has signed a $10 billion debt restructuring agreement, two sources with knowledge of the matter told Reuters on Thursday, bringing an end to the last major hangover from the emirate's 2009 financial crisis. The inv

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