Thursday 30 July 2015
 
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Restructure

Bahrain chamber starts executive restructure

Bahrain Chamber of Commerce and Industry (BCCI) said it has started implementation of a plan to restructure its administrative and executive body. The reforms, which are implemented in co-ordination with Bahraini firm Jafcon Consu

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Bapco board restructured, new chairperson named

Bahrain’s Energy Minister and National Oil and Gas Authority chairman Dr Abdulhussain Mirza has announced that Bahrain Petroleum Company’s (Bapco) board was being restructured with effect from today (July 1). The new b

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Bapco board restructured, new chairperson named

Bahrain’s Energy Minister and National Oil and Gas Authority chairman Dr Abdulhussain Mirza has announced that Bahrain Petroleum Company’s (Bapco) board was being restructured with effect from today (July 1). The new b

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Qatar sovereign fund ‘to restructure’

Qatar Investment Authority, one of the world's most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-makingin response to a drop in oil prices, sources said.

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Kuwait to retain 75pc stake in national airline

Kuwait's government has approved a new structure for the privatisation of Kuwait Airways under which the state will own 75 per cent of the carrier, it said on Sunday, excluding potential investors such as Jazeera Airways. Unde

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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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