Friday 19 October 2018
 
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restructuring

Industry stalwarts to attend financial restructuring summit

Over 200 industry leaders are expected to converge at the GCC region’s first debt restructuring and NPL-focused summit in Dubai in September.   Middle East Global Advisors, a leading financial intelligence

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Dana Gas reaches deal on $700m sukuk restructuring

 Dana Gas, the Middle East's largest regional natural gas company, said it has reached an agreement with key holders of $700 million of its Islamic bonds to restructure the securities, in what is possibly seen as an end to a legal battl

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Dana Gas reaches deal on $700m sukuk restructuring

 Dana Gas, the Middle East's largest regional natural gas company, said it has reached an agreement with key holders of $700 million of its Islamic bonds to restructure the securities, in what is possibly seen as an end to a legal battl

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UAE to unveil largest airspace restructuring in ME

Starting from December 7, the UAE will be able to effectively manage its airspace and ease congestion at airports with the launch of its airspace restructuring programme (ARP) - the largest airspace change the region has seen. Cla

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Arabtec swings to Q1 profit, revenue up 11pc

Arabtec Holding, a leading contractor for social and economic infrastructure, has reported its first quarterly bottom line profit in the last three years. The group is undergoing a series of restructuring measures including the ap

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Far-reaching restructuring of airberlin to deliver long-term growth

Airberlin today unveiled a far-reaching restructuring of its business, which will see the company concentrate its core operations as a focused network carrier serving higher-yielding markets, from its hubs in Berlin and Dusseldorf, with a core f

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GAC Group announces key management restructuring

GAC Group, a global provider of integrated shipping, logistics and marine services, has announced carrying out several management level changes and transfers. At group level, Erland Ebbersten formerly group vice president for the

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Limitless to make $563m payment after debt deal

Dubai-based real estate developer Limitless will make an early payment of Dh2.07 billion ($563.6 million) to banks and trade creditors this month, following the successful conclusion of its restructuring agreement with lenders. Un

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Toshiba seeks $1.8bn loans for restructuring

Toshiba Corp is asking three Japanese lenders for additional loans of about $1.8 billion to fund restructuring in the wake of an accounting scandal, sources with direct knowledge of the matter said on Thursday. Toshiba is seeking

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Garmco revamps international operations

Bahrain-based Garmco, an international aluminium rolling mill and one of the largest downstream aluminium facilities in the Middle East, has completed a major restructuring of its international operations. This is in line with the

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