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Drake & Scull wins approval for key restructuring planDrake & Scull International (DSI), a regional engineering and services leader, said it has won approval from shareholders on the proposed capital restructuring programme which will see the company pursue a two-pronged strategy with additiona More… |
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Investment Dar offers new settlement to creditorsKuwaiti investment house Investment Dar has offered to give creditors a stake in a portfolio of assets in exchange for their debt as an alternative to an offer made under a KD1 billion ($3.5 billion) debt restructuring plan agreed in 2011. More… |
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Gulf Air briefs unions on restructure planThe management of Bahrain’s national carrier Gulf Air met with the representatives of the airline’s two unions - GATU and NTAGU – to brief them on the airline’s restructuring strategy. The strategy is appro More… |
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Dubai World revamp 'manageable' for UAE banksThe impact of conglomerate Dubai World's restructuring plan is expected to be 'manageable' for the UAE banks, Moody's ratings agency said in its special report. 'The proposed framework for the restructuri More… |
