Dubai: The Non-performing Debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value of more...
(Bloomberg) — NMC Health Plc bowed to creditor demands to be placed into administration, saying it’s in no position to contest Abu Dhabi Commercial Bank PJSC’s efforts to...
(Bloomberg) — Abu Dhabi-based construction firm Al Fara’a Group is in talks with banks to restructure about 2 billion dirhams ($545 million) in liabilities, according to people...
To focus on home market, UAE’s Abu Dhabi Commercial Bank PJSC has started exiting overseas operations in India, Qatar and Kuwait. The bank posted a net...
