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UAE's NMC Health Faces Advisory Fees Of $140m For Bankruptcy
Middle East Business News - Published date: .
NMC will raise as much as $300m from creditors to fund the business during its administration Read more
NMC Administrators Say They've Uncovered Most Of The Hidden Debt
Middle East Business News - Published date: .
NMC will focus on its operations in the UAE and Oman, while considering the sale of the non-core international subsidiar... Read more
BR Shetty Steps Down As Co-chair And Director Of Finablr
Middle East Business News - Published date: .
UK's HMRC has moved to suspend business registrations of UAE Exchange UK Ltd. and Xpress Money Services Ltd Read more
UAE's Network International To Acquire African Payments' Firm DPO
Middle East Business News - Published date: .
The acquisition will strengthen Network's presence in Africa, giving the payments firm direct access to an extensive and... Read more
Travelex Lenders To Take Control Of Firm As Part Of New Agreement
Middle East Business News - Published date: .
The embattled company will be split into two separate platforms, Travelex said in an update Read more
Finablr's Auditors EY Resign Over List Of 'concerns'
Middle East Business News - Published date: .
Non-executive directors Abdulrahman Basaddiq and Bassam Hage have also resigned Read more
US Law Firms To Pursue Legal Action Against Troubled NMC Health
Middle East Business News - Published date: .
Firms urging investors to contact them in a bid to recoup losses Read more
Embattled Finablr-owned Travelex Goes Up For Sale
Middle East Business News - Published date: .
BR Shetty has resigned from the board off Travelex, although he remains in place as chairman and majority stakeholder at... Read more
Finablr Appoints US Investment Bank As Independent Financial Advisor
Middle East Business News - Published date: .
Earlier in April, Finablr also announced that it appointed former Network International CEO Bhairav Trivedi as CEO Read more
UAE-based NMC Heads To Administration After Bowing To Creditor Demands
Middle East Business News - Published date: .
Most of NMC's senior management has resigned since it revealed more than $4 billion of undisclosed debt. Read more
NMC Convertible Bondholders Tap PJT Ahead Of Debt Restructuring
Middle East Business News - Published date: .
PJT is advising a group of investors in NMC Health's $360 million of convertible bonds due 2025 Read more
NMC Convertible Bondholders Tap PJT Ahead Of Debt Restructuring
Middle East Business News - Published date: .
PJT is advising a group of investors in NMC Health's $360 million of convertible bonds due 2025 Read more
Candy In Talks With Saudi Fund As It Mulls Move For UK Developer
Middle East Business News - Published date: .
Candy reportedly in early stage talks with Saudi Arabia's Public Investment Fund about a joint move to take over CapCo Read more
Mastercard To Invest $300m In Network International's Planned London IPO
Middle East Business News - Published date: .
Network International and Mastercard will also team up to support the development of electronic payments in the Middle E... Read more
Cashing In: Network International CEO Simon Haslam
Middle East Business News - Published date: .
As UAE-based Network International announces plans for a hotly anticipated IPO, CEO Simon Haslam says the Middle East an... Read more
Network International Confirms Plans For London IPO
Middle East Business News - Published date: .
The payments solution provider plans to sell at least a 25% stake Read more
UAE-based Network International Plans London IPO
Middle East Business News - Published date: .
The payments solution provider plans to sell a 25% stake Read more