Tuesday 18 December 2018
 
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debt restructuring

DXB Entertainments inks $1.14bn debt restructuring deal

DXB Entertainments, the Dubai-based leisure and entertainment company and operator of emirate's theme parks, said it has reached an agreement with creditors to restructure Dh4.2 billion ($1.14 billion) in debt linked to the Phase I of the pr

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Al Jaber nears $1.6bn debt restructuring deal

Abu Dhabi-based Al Jaber Group, a leading provider of services in the construction, heavy lifting, logistics and industrial sectors, is nearing a deal to restructure around Dh5.75 billion ($1.6 billion) in debt this month, said a report.

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Al Jaber nears $1.6bn debt restructuring deal

Abu Dhabi-based Al Jaber Group, a leading provider of services in the construction, heavy lifting, logistics and industrial sectors, is nearing a deal to restructure around Dh5.75 billion ($1.6 billion) in debt this month, said a report.

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Drake and Scull posts $98m Q3 loss

Drake & Scull International (DSI), a regional market leader in engineering and construction services, has registered a net loss of Dh359 million ($98 million) for the third quarter of 2017 mainly hit by overall productivity of projects.

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GGICO inks $584m debt restructuring deal

Dubai-based Gulf General Investment Company (GGICO) said it has completed a Dh2.1-billion ($584 million) debt restructuring after reaching an agreement with the majority of its creditors.    Established in 1

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GGICO inks $584m debt restructuring deal

Dubai-based Gulf General Investment Company (GGICO) said it has completed a Dh2.1-billion ($584 million) debt restructuring after reaching an agreement with the majority of its creditors.    Established in 1

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Amlak 2014 profit surges on debt restructuring

Dubai-based Islamic mortgage lender Amlak Finance posted a 22 per cent rise in attributable net profit for 2014 on Wednesday as gains from its debt restructuring offset write-downs in its property portfolio. Amlak's net profit

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Amlak 2014 profit surges on debt restructuring

Dubai-based Islamic mortgage lender Amlak Finance posted a 22 per cent rise in attributable net profit for 2014 on Wednesday as gains from its debt restructuring offset write-downs in its property portfolio. Amlak's net profit

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Dubai World debt restructuring deal 'soon'

One of Dubai's top government officials said on Sunday that he expects state-owned conglomerate Dubai World to reach a deal on renegotiating its debt repayment schedule in the near future. "I can say for sure we will reac

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Amlak’s debt restructuring proposal approved

Dubai's Amlak Finance said on Thursday that a proposal to restructure its debt had been approved by all its creditors, and that shares in the mortgage lender would therefore resume trading on the emirate's stock market next year.

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