Articles
ADGM Courts offers pro bono service amid Covid-19 outbreak
Legal firms in the financial free zone will provide free advice on civil and commercial disputes filed in the centre to clients with limited financial means
Oman Arab Bank gets regulatory nod for Alizz bank merger
The Central Bank of Oman has approved the creation of an entity with assets of 3.18bn rials
UK unemployment rate hits 4% as vacancies fall amid pandemic
Perceptions of job security are plummeting, according to new survey data by IHS Markit
Economic recovery in pandemic-hit eurozone is unlikely until 2023
The eurozone economy is set to shrink 7.3 per cent this year as lockdowns to stem the outbreak remain in place, S&P Global Ratings says
UAE Central Bank says lenders have used 30% of Covid-19 support fund
Lenders 'are passing on' money to those affected, governor says
World Bank set to deploy $160bn to mitigate Covid-19 impact
President David Malpass says other multilateral lenders are expected to contribute a further $80bn
Chief restructuring officers appointed at NMC Health
Biggest creditor ADCB will chair lenders' committee and be part of its steering group
NMC Health: restructuring experts appointed to new board
Move will 'ensure more robust standards of governance' at the company
Student homes a bright spark for Dubai property market
The nascent sector has provided investors with yields of 8-9%, says CBRE
Operations to continue as normal, say NMC Health administrators
Insolvency proceedings affect only the holding company and not the individual facilities, officials say
World Bank revises Mena growth forecast sharply downwards
The lender forecasts the region’s GDP will contract 1.1% as it confronts the impact of the pandemic and falling oil prices
IMF tables four-point plan to mitigate fallout from Covid-19
The Washington-based lender's baseline assumption is for a 'partial recovery' in 2021, says managing director Kristalina Georgieva
NMC Health chairman calls for quick response as appointment of administrators is confirmed
Joint administrators from Alvarez & Marsal were appointed to handle the company's affairs at a UK High Court hearing
Finablr appoints investment bank Houlihan Lokey as company considers options
Company says it is considering a debt restructuring, a capital raise or a potential sale of assets
NMC Health, Finablr and UAE Exchange – who is owed what?
Lenders are owed more than Dh10bn by businesses that are partly owned by billionaire B R Shetty
