OMAN Investment and Finance Company (OIFC) has progressed into a relationship with the national charitable organisation, Dar Al Atta’a, which was founded to serve various segments of the community, through its donations. Dar Al Atta’a has contributed
Islamic bonds of National Central Cooling Company, known as Tabreed, rose on speculation the provider of air conditioning services to the Dubai Metro may follow Aldar Properties PJSC in getting financial support from Abu Dhabi. Tabreed’s floating-rate
Cooling services company Tabreed may reach agreement with creditors to restructure around five billion dirhams ($1.36 million) in debt within weeks, it was reported yesterday. Tabreed's bank debt as well as 1.3bn dirhams owed to its largest shareholder,
Tabreed, a district cooling company based in Abu Dhabi, is nearing an agreement with creditors on a restructuring plan worth more than Dh5 billion (US$1.36bn). Sources say Tabreed, which was unable to keep up debt payments last year after the property
A Renaissance Services subsidiary, Doha Marine Services (DMS), under the umbrella of its Topaz Marine Group has been awarded a five-year vessel contract with five one-year options estimated to be worth $48 million (RO 18.5 million) including the option
Renaissance Services, an Omani oil services provider, last year embarked on an expansion to increase its fleet size by almost 50 per cent. It seems now that the timing could not have been better. With oil prices above US$90 a barrel, the company is