The sultanate plans to transfer its 60 per cent stake in Block 6 from Petroleum Development Oman to a new company
The company has put thousands of employees on indefinite leave in recent months
Kuwait’s deficit last fiscal year widened to KD5.64bn, up almost 69 per cent from a year earlier
The finance and economic committee has also suggested reducing the period for borrowing
The “incremental” funding will be used to support working capital needs
Kuwait raised $8bn in March 2017 in its first sale of international bonds
These four financial moves can help tide you through challenging times
The payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World
In total, governments have committed to $123bn in financial aid to airlines
The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations
Faisal Belhoul said it remains crucial that the investigation into any and all prior wrongdoings at the company is “fully supported”
The company was placed in administration last week
With a market value of $2.4bn and total debt of $6.6bn, NMC faces an investigation by the UK’s Financial Conduct Authority
The additional funds would give Airbnb an extra financial cushion as prospects dim for an initial public offering this year
Dubai World is offering creditors a series of incentives to lengthen a $25 billion debt restructuring deal.