BR Shetty
UAE-based NMC Healthcare Placed In Administration
Middle East Business News - Published date: .
Move will allow group to secure additional $325m financing facility, while protecting the business from creditor action Read more
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
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
UK's Financial Reporting Council To Investigate Ernst & Young's Auditing Of NMC Health
Middle East Business News - Published date: .
Regular to concentrate on 2018 financial statements of troubled UAE-based healthcare provider 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
NMC Health Goes Into Administration After Succumbing To Creditors
Middle East Business News - Published date: .
The Middle East's largest hospital operator will be run by administrators Alvarez & Marshal 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
Finablr's $200m IPO To Be Completed By Mid-May
Middle East Business News - Published date: .
Finablr CEO Promoth Manghat said he expects the listing will allow the firm to scale up and explore new opportunities in... Read more
UAE Payment Firm Finablr To Launch London IPO
Middle East Business News - Published date: .
Holding firm Finablr is behind brands UAE Exchange, Travelex Holdings and Xpress Money Read more