Tuesday 21 November 2017
 
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debt restructuring

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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Drydocks World tests new insolvency law

Dubai World's shipbuilding unit has filed for a special form of insolvency protection, two sources said, using a special tribunal to force holdout creditors to sign up to its $2.2 billion debt restructuring plan. The move by Drydo

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Kingfisher to cancel 31 flights

India's No.2 carrier Kingfisher Airlines, controlled by liquor baron Vijay Mallya, plans to cancel 31 flights daily till November 19, including four international flights to Bangkok, the Mint newspaper reported, citing an unnamed airline official.

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Euro haircuts 'make Gulf writeoffs viable'

Haircuts on Middle Eastern sovereign debt are now a possibility in any future restructuring, after the euro zone rescue deal made writedowns for private sector bond holders politically palatable, an executive at Franklin Templeton Investments said

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