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Emaar EC’s capital restructuring targets financial stability
- cnnnews
- September 12, 2024
- 0
Abdulaziz Alnowaiser, CEO of Emaar The Economic City (Emaar EC) Emaar The Economic City’s (Emaar EC) capital restructuring plan aims to achieve an improvement in liquidity and reduce debt levels and interest expenses in the short and medium term, CEO Abdulaziz Alnowaiser told Argaam in an interview. It also targets enhanced financial stability and better positioning for
4 Pillars of Innovation Every Organization Needs
- cnnnews
- September 6, 2024
- 0
Dima Sikorski/Stocksy Post Post Share Annotate Save Print Innovation doesn’t just come from serendipity. Leaders who nurture great ideas rely on concrete mechanisms to ensure that they see the right ideas, give them breathing room to development, and connect dots throughout their organizations. In any company, the challenge with innovation is seldom the volume of
SA banks to issue new loss-absorbing debt to prevent bailouts
- cnnnews
- September 13, 2024
- 0
South Africa’s largest banks will start issuing a new class of loss-absorbing debt, known as financial loss absorbing capacity (flac) instruments, from January, Moody’s Ratings reports. Designed to enable the orderly resolution of struggling banks, these instruments can convert to equity in a “bail-in” scenario, avoiding taxpayer bailouts. The central bank estimates that the top