Kuwaiti investment house Investment Dar has offered to give creditors a stake in a portfolio of assets in exchange for their debt as an alternative to an offer made under a KD1 billion ($3.5 billion) debt restructuring plan agreed in 2011.
The management of Bahrain’s national carrier Gulf Air met with the representatives of the airline’s two unions - GATU and NTAGU – to brief them on the airline’s restructuring strategy.
The strategy is appro
The impact of conglomerate Dubai World's restructuring plan is expected to be 'manageable' for the UAE banks, Moody's ratings agency said in its special report.
'The proposed framework for the restructuri