Monday 25 July 2016
 
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Arrears

Iraq plans to pay arrears owed to oil companies by end of 2016

Iraq plans to settle all arrears owed to foreign oil companies by the end of the year, as provided by an agreement with the International Monetary Fund, said Mudher Salih, an advisor on financial policy to Prime Minister Haider Al-Abadi.

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Egypt arrears to oil firms rises to $3bn

Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla told Reuters on Sunday. "The arrears owed to f

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Egypt aims to cut arrears owed to oil firms

Egypt paid foreign oil companies $600 million in arrears in August and still owes them $2.9 billion, the petroleum minister told Reuters on Wednesday. Sherif Ismail also said Egypt aims to lower the amount of arrears it owes forei

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Iraq oil minister says $9bn in arrears paid to oil firms

Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister said.   Adel Abdel Mehdi wrote in

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Private Bahrain hospital agrees to settle arrears

A private hospital in Bahrain has agreed to pay staff who are owed up to six months in outstanding salaries by early next month, after several employees staged a wildcat strike in its lobby yesterday (April 9). Nurses, carers and

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Egypt to pay $1.5bn arrears to foreign oil firms

Egypt promised on Wednesday to pay $1.5 billion of the $6 billion it says it owes oil firms, hoping the announcement made at an investment conference will revive confidence in an economy battered by nearly three years of political upheaval.

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Bahrain’s LMRA to recover arrears from firms

Around 3,500 businesses in Bahrain owe the Labour Market Regulatory Authority (LMRA) around $1.14 million in arrears, said a top official, adding that LMRA will start receiving requests from Sunday. The figures were revealed as officials a

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Nakheel arrears less than feared, says Arabtec

Cash-strapped Dubai developer Nakheel is not in arrears to Arabtec as much as some analysts fear, said Ziad Makhzoumi, chief financial officer of the largest builder in the UAE. Arabec, which expects to receive an overdue payment by end-Ju

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Iranian banks 'have $38 billion loans in arrears'

The Iranian banking system has loans worth $38 billion, almost twice its amount of capital, in arrears, a senior official said in remarks published on Saturday, describing it as a 'serious problem'. Mostafa Pourmohammadi, head of t

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