Loss-making Dubai contractor Arabtec's board has hired restructuring advisory firm AlixPartners to help it strengthen its capital structure and reform its business, three sources aware of the matter told Reuters on Sunday.
Global business-advisory firm AlixPartners has announced the appointment of Eugenio Berenga as a managing director of the firm, as regional leader of its Middle Eastern operations, based in the UAE.
Berenga, who is a member of the
The production of several petrochemical products in the region will exceed demand significantly over the next few years leading to low utilisation rates and poor margins for less-competitive firms, said a new study by AlixPartners.
AlixPartners, the global business-advisory firm, has appointed Hamed Kazim its senior advisor for the Middle East region and Dr Vinzenz Schwegmann as managing director, both based in UAE.
Dr Schwegmann is slated to eventually lead AlixPart
The telecoms industry in emerging European markets, the Middle East and Africa is set for massive growth over the next few years with capital investment likely to increase around 13 per cent annually at about $14 billion a year, said a study.
The Gulf region, hit by the global downturn and sluggish growth, is ripe for corporate turnarounds but the concept is seen in a negative light by some, according to executives from US advisory firm AlixPartners.
The company, which has
The Gulf region, hit by the global downturn and sluggish growth, is ripe for corporate turnarounds but the concept is seen in a negative light by some, executives from US advisory firm AlixPartners said.
The company, which has been in the