Articles
NMC Health set for administration as negotiation attempts with creditors fail
A hearing to appoint administrators is set for tomorrow, the company said
Arabtec appoints new chief executive in restructure
Contractor says Wail Farsakh, who joined the group last year, has made ‘considerable progress’ in finishing legacy projects
NMC Health's new chairman calls for debt standstill as ADCB seeks to appoint administrators
Faisal Belhoul says placing the group into administration 'would potentially put lives at risk' given the Covid-19 crisis
NMC Health in talks with lenders to stave off administration
A UK High Court hearing to appoint administrators has been scheduled for April 9
UAE firms declare exposure to NMC Health
Banking groups have reported exposure worth more than Dh8bn
UAE banks reveal exposure of Dh8bn to NMC Health
Lenders also on the hook for millions to founder BR Shetty's Finablr group
UAE regulators issue guidance on handling problem loans during coronavirus crisis
Differentiation should be made between clients facing temporary or minor issues and those severely affected
Middle East's biggest contractor expects $2.9bn of revenue in 2020 despite Covid-19 disruption
Exclusive: Family-owned Consolidated Contractors Company has secured several major infrastructure projects in the first quarter
Gulf Marine Services secures new debt deal with lenders
The company gains an extension on existing term loans and gets $50m in working capital
CCC construction arm president unfazed by global recession as he recovers from coronavirus
Samer Khoury says operational control of the group is being passed to three senior managers
Ratings downgrade of Kuwait and Oman too hasty, says Kamco
Scenario of $30 oil for the rest of the year reflects 'panic' in reaction to Covid-19 outbreak, analysts say
Ithmar Capital boss becomes NMC Health chairman after it acquires 9% stake
Faisal Belhoul says troubled healthcare operator has some ‘outstanding assets and people’
EGA reports lower earnings in 'challenging' year for aluminium sector
Prices fell during the year despite a hike in alumina costs during the first half of 2019
Nakheel offers Dh230m relief package to companies affected by coronavirus
RAK Properties and Sharjah's Alef Group also offer rent holidays to affected tenants
Orascom Construction reports profit fall despite higher revenue
The company is proposing a conservative dividend payout for 2019 given potential uncertainties due to the Covid-19 outbreak
