Saturday 30 May 2015
 
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Restructure

Qatar Petroleum to restructure in wake of oil price fall

State-owned Qatar Petroleum (QP) will announce a restructuring plan in the coming months to adapt to the drop in oil prices, the head of its wholly owned international subsidiary said. "The restructure comes at the right time

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Oman Oil to restructure, privatise units

State-owned energy investment firm Oman Oil Co (OOC) will announce a new structure later this year, chief executive Issam al-Zadjali told reporters on Sunday. "With the new structure, the company will be focusing more on Duqm

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Saudi restructures Aramco, separates it from oil ministry

Saudi Arabia has approved a restructuring of Saudi Aramco that includes separating it from the oil ministry, a Saudi-owned TV station reported, in a decision analysts said aims to make the state oil giant more transparent and keep it away from p

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New GFH plan ‘much healthier and stronger’

GFH has restructured its balance sheet with both its cash and equity position much healthier and stronger now than it was before the financial crisis, according to the chairman of the Bahrain-based Islamic investment bank. "I

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Dubai World wins creditor assent for debt deal

State-owned conglomerate Dubai World has received approval from all creditors for a $14.6 billion restructuring plan, and the court administering the process has been adjourned until May 10, according to court proceedings on Sunday.

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Air Berlin cuts capacity by 5pc in revamp

Air Berlin, which is 29 per cent owned by Abu Dhabi-based carrier Etihad, is cutting the number of seats it offers by 5 per cent and scrapping some of its routes as part of latest restructuring efforts to return to profits. The re

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Dubai World has over 60pc assent for debt restructuring

Dubai World has secured agreement from more than 60 per cent of its creditors to reschedule its debt repayments, a top government executive said on Thursday, just short of the two-thirds assent needed to change the existing terms.

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Malaysia Airlines to cut 6,000 jobs, $1.9bn restructure

Malaysia Airlines , the country's loss-making flag carrier, will cut 30 per cent of its workforce as part of a sweeping restructuring that will cost six billion ringgit ($1.9 billion), majority investor Khazanah Nasional said.

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Nakheel repays all $2.15bn bank debt 4 years early

Dubai property developer Nakheel is repaying all of its 7.9 billion dirhams ($2.15 billion) of bank debt as much as four years ahead of schedule, the company said in a statement on Wednesday. The final instalment of the debt was t

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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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