Citigroup and International Bank of Qatar (IBQ) are holding up negotiations to restructure $4.5 billion in debt of Abu Dhabi conglomerate Al Jaber Group, further complicating drawn-out talks, three sources familiar with the matter said.
UAE-based construction firm Al Jaber LEGT Engineering and Contracting (ALEC) has installed Microsoft Sharepoint, a Web application platform, to enhance collaboration, productivity and efficiency for its business.
The platform, ent
The chief financial officer of Abu Dhabi conglomerate Al Jaber Group, which is in the midst of a $4.5 billion debt restructuring, has resigned, two sources aware of the matter told Reuters on Wednesday.
Richard Hollands, who joine
Abu Dhabi conglomerate Al Jaber Group has agreed on terms to restructure nearly $4.5 billion in debt with its main creditors, three sources said on Tuesday, with final approval from other lenders expected to end talks which have dragged on for o
Abu Dhabi conglomerate Al Jaber Group is close to a standstill agreement on its $1-billion plus debt restructuring of debt, with more than 90 percent of lenders agreeing to the move, two sources said on Wednesday.
Al Jaber, a family-owned
Al Jaber Group, a family-held conglomerate in the midst of a $1-billion plus restructuring, will hire a new chief executive to replace the founder's son, three sources told Reuters.
A recruitment firm has been retained to bring in a n
Al Jaber & Partners (AJP), part of the Al Jaber Group – UAE and one of Qatar’s leading infrastructure and energy contractors is a bronze sponsor of Qatar Projects 2012, a leading energy and infrastructure event.
Qatar Projects takes pl
The QR1.8 billion ($494 million) Lusail City Development Project, which started in May 2008, is on schedule to take 43 months to complete, said Al Jaber & Partners (AJP), one of Qatar’s leading infrastructure and energy contractors.
Qatar-based Al Jaber & Partners (AJP), a leading infrastructure and energy contractor, has been awarded the highest safety record to date by Shell for 19 million hours incident and accident free.
“We are delighted to receive the Award
Abu Dhabi's Al Jaber Group held an all-lender meeting on Wednesday to discuss the contracting firm's debt restructuring, two sources familiar with the matter said.
Al Jaber set up a banks' committee earlier this year to map out debt restru