North Africa/Middle East
Results for North Africa/Middle East
- Saudi Contractor MMG Says Board Approves Recovery Plan
Saudi contractor Mohammad Al-Mojil Group's (MMG) board had approved a recovery plan that use most of its existing capital base to pay off debts and new cash raised through a share issue, it said on Sunday, Reuters reported. The firm, which got into ...
Daily Headline - global.abi.org - 10/19/2014 - 22:30 - 0 comments
- Dubai World Close To Debt Restructuring Deal Trigger
Dubai World has secured agreement from more than 60 percent of its creditors to reschedule its debt repayments, a top government executive told Reuters, putting it close to the two-thirds assent needed to change the existing terms. Dubai borrowed heavily ...
Daily Headline - global.abi.org - 10/02/2014 - 21:52 - 0 comments
- Dubai Amlak's Shareholders Back Debt Restructuring
Shareholders of Dubai's Amlak Finance met for the first time in more than six years on Sunday and backed a key component of the mortgage provider's $2.7 billion debt restructuring deal, Reuters reported. Amlak's future has been in the bala ...
Daily Headline - global.abi.org - 09/28/2014 - 21:06 - 0 comments
- Dubai World Debt Restructuring Deal Soon, Shaikh Ahmad Says
State-owned Dubai World is set to reach a deal with creditors to extend repayments on its $25 billion (Dh91.8 billion) debt, according to one of Dubai’s top government officials, Gulfnews.com reported. “I can say for sure we will reach it. It is there an ...
Daily Headline - global.abi.org - 09/21/2014 - 19:25 - 0 comments
- Dubai’s Limitless Holds “Positive” Talks On Debt Restructuring
Dubai government-owned property firm Limitless has held positive talks with creditors as it seeks to re-negotiate the terms of a $1.2 billion debt facility which has already been restructured once before, its chief executive told Reuters on Sunday, Gul ...
Daily Headline - global.abi.org - 09/21/2014 - 19:26 - 0 comments
- Saudi's Algosaibi Says Creditors' Steering Committee Formed
A steering committee of creditors of Saudi Arabian conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) has been formed to negotiate its debt restructuring, Algosaibi said on Tuesday, Reuters reported. The family group, which collapsed in 2009 during t ...
Daily Headline - global.abi.org - 09/09/2014 - 22:18 - 0 comments
- With its Economy in Freefall, Yemen Secures IMF Lifeline
Spurred by a rapidly deteriorating economy, the International Monetary Fund has approved a three-year extended credit facility worth $552 million with Yemen, the impoverished Arab nation that has become a breeding ground for the terrorist group al Qaeda ...
Daily Headline - global.abi.org - 09/03/2014 - 22:17 - 0 comments
- Dubai's Amlak To Hold Talks On Restructuring Plan On September 21
Dubai mortgage lender Amlak Finance said on Wednesday that it would hold a shareholder meeting on September 21 to discuss its restructuring plan and a proposed issue of equity-linked bonds, Arabian Business reported. Creditors of the company, whose share ...
Daily Headline - global.abi.org - 09/03/2014 - 22:18 - 0 comments
- Bahrain Batelco Says India Ex-Partner Is Bankrupt, Seeks $212 Million Owed
subscribers, a 0.4 percent market share. In February 2012, S Tel was ordered stripped of its licences as part ...
Daily Headline - global.abi.org - 09/01/2014 - 20:41 - 0 comments
- Abu Dhabi's Al Jaber Group Signs Debt Restructuring
Abu Dhabi-based conglomerate Al Jaber Group has signed a debt restructuring deal with its bank creditors, the conglomerate said on Monday, addressing one of the United Arab Emirates' last big debt hangovers from the global financial crisis, Reuters ...
Daily Headline - global.abi.org - 06/16/2014 - 22:29 - 0 comments