Monday 27 April 2015
 
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restructuring

Kuwait’s Investment Dar upbeat on debt restructuring

Kuwait's Investment Dar remains on track to agree the bulk of a KD813 million ($2.8 billion) debt restructuring plan despite resistance by some minority investors, according to a company document. The firm, which holds a stake

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Dubai World $14.6bn debt deal vote on March 17

The court administering conglomerate Dubai World's restructuring on Tuesday set March 17 as the provisional date for creditors to vote on whether to approve a $14.6 billion debt deal. The Dubai World Tribunal on Tuesday held i

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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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