Firm to use Aston Martin stake to raise funds
Kuwait's Investment Dar Company seeks 50% debt cut
TID owns a part of British automaker Aston Martin
Kuwait City - Arab Today
TID owns a part of British automaker Aston Martin
Kuwait's Investment Dar Company (TID) has asked creditors to take a 50 percent writedown on its debt, as it seeks to meet repayments after defaulting on a loan three years ago, Bloomberg has reported.
Under the optional plan, creditors will receive a cash payment totalling 5.7 percent of their outstanding debt and a portion of a new Islamic loan equal to about 44 percent of their current exposure, sources said, asking not to be identified as details aren't public.
Investment Dar's stake in Aston Martin and real estate holdings will be among assets backing the new credit facility, according to Bloomberg's sources.
- Sunday ,09 December GMT 12:09 2018 Investment minister witnesses MoU to support clean technology start-up accelerator
- Tuesday ,27 November GMT 08:27 2018 Eurasian Economic Union to protect itself from anti-Russian sanctions
- Sunday ,25 November GMT 12:21 2018 Egypt's Investment minister meets Lebanese PM to boost economic cooperation
- Friday ,23 November GMT 21:47 2018 French lawmakers fear intimidation by 'yellow jacket' fuel protesters
GMT 12:09 2018 Sunday ,09 December
Investment minister witnesses MoU to support clean technology start-up acceleratorGMT 10:25 2018 Friday ,07 December
Venezuela inks deals worth six bn dollars with RussiaGMT 15:42 2018 Tuesday ,04 December
EBRD President Suma Chakrabarti to visit EgyptGMT 08:27 2018 Sunday ,02 December
G20 leaders back WTO reform despite clear divisionsGMT 08:27 2018 Tuesday ,27 November
Eurasian Economic Union to protect itself from anti-Russian sanctionsGMT 12:21 2018 Sunday ,25 November
Egypt's Investment minister meets Lebanese PM to boost economic cooperationGMT 21:47 2018 Friday ,23 November
French lawmakers fear intimidation by 'yellow jacket' fuel protestersGMT 11:56 2018 Tuesday ,20 November
South Korea hosts Boao Forum for Asia in Seoul
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 10:40 2017 Thursday ,07 September
Royal Air Maroc (RAM) has announced new weekly flights between
GMT 23:29 2017 Friday ,06 October
Thais search for missing as 15 die in pilgrim boat accident
GMT 12:34 2017 Thursday ,27 July
Iraqi military forces managed to prevent a suicide attack
GMT 15:01 2017 Wednesday ,17 May
Singer Ramy Jamal prepares for a new album
GMT 05:03 2017 Sunday ,12 November
Introspective Eminem returns with Beyonce tie-up
GMT 11:40 2016 Wednesday ,21 December
Tupac, Pearl Jam win spots
GMT 08:33 2017 Monday ,17 April
Permanent Mission of the State of Qatar To UN Holds Briefing on R2P
GMT 08:12 2017 Thursday ,13 April
Arson bid hits campaign HQ of France's Le Pen
GMT 04:30 2017 Friday ,10 November
Uber IPO 'target' is 2019
GMT 07:53 2016 Friday ,15 July
Nice attack overshadows Europe-Asia summit
GMT 13:16 2017 Friday ,12 May
After move to impeach CJ, Nepal Army says 'maintaining vigil'
GMT 17:21 2016 Monday ,22 August
Saudi film wins gold at Finland Festival
GMT 08:23 2017 Friday ,17 February
HH the Emir Attends Part of Qatar Total Quarter-Finals Match
GMT 13:50 2017 Saturday ,11 March
Around 40 Iraqis dead in Damascus bombings
GMT 17:40 2017 Friday ,10 February
Diva battle, and perhaps politics, in store at Grammys
GMT 22:34 2016 Wednesday ,14 September
Arab coalition jets bomb national security camp in northern Sanaa
GMT 17:23 2016 Sunday ,25 September
High costs slowing Sri Lanka’s push toward solar energy
GMT 19:07 2017 Friday ,28 April
Queen Elizabeth with last minute dash to sign 22 bills before parliament dissolution
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor