Wednesday 23 July 2014
 
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Restructure

Transguard plans major corporate restructuring

Dubai-based Transguard Group, is set for a major corporate restructuring as it prepares to capitalise on potential business opportunities to develop its corporate portfolio throughout the UAE and the wider Gulf region.  

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Jet Airways plans revamp after record loss

Jet Airways has laid out a three-year restructuring plan vowing to take tough measures to return India's No. 2 airline by market share to profit after posting its worst ever loss. All but one of India's big airlines loses

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Dubai to repay 2015 debt on time

Dubai will not have any issues in repaying all its debt maturing in 2015, and more state-linked firms are likely to repay obligations ahead of schedule, a top government official said on Tuesday. "We will have no issues in re

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Etihad open to Alitalia talks, but ‘firm on demands’

Etihad Airways, the national airline of the UAE, has signalled that it is ready to continue talks on a potential investment in Italy's troubled Alitalia but it refuses to budge on tough conditions on debt restructuring and job cuts, a source

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Consultation to revamp Tamkeen training underway

A two-day consultation is underway which marks the start of a massive restructuring process that will change the way one of Bahrain's leading training providers will operate.   Tamkeen has invited business le

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Dubai World prepays $284m to creditors

Dubai World, one of the emirate's big state-owned conglomerates, has prepaid $284.5 million to creditors under its $25 billion debt restructuring plan, sources familiar with the matter said on Wednesday. The conglomerate obtai

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Thomas Cook to cut 2,500 jobs in UK

British travel firm Thomas Cook said it would cut 2,500 jobs from its UK workforce as part of its plans to restructure the business. Most of the job losses would be in back-office functions and its retail network, and would involv

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Al Jaber, top creditors agree debt terms: sources

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

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Gulf Air goes ahead with redundancy plan

Bahrain’s national carrier Gulf Air has officially notified staff facing redundancy about its plan to proceed with the decision, effective from Wednesday, as part of the company’s restructuring scheme. It has set Wednesday a

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Gulf Air goes ahead with redundancy plan

Bahrain’s national carrier Gulf Air has officially notified staff facing redundancy about its plan to proceed with the decision, effective from Wednesday, as part of the company’s restructuring scheme. It has set Wednesday a

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