Egypts largest drug distributor, the United Company of Pharmacists, is studying several alternatives for financial restructuring, including establishing a holding company for non-banking financial activities, selling a share of the company to a strategic investor, and obtaining a financial loan from the Arab African International Bank (AAIB), sources close to the matter told Daily News…
Construction firms across Australia are crumbling in record numbers and leaving hundreds of millions of dollars in unfinished projects. During the 2022-23 financial year, 2213 building companies went into administration, according to ASIC insolvency statistics which paint a bleak picture of the countrys housing situation. WATCH THE VIDEO ABOVE: Adelaide home buyers blindsided by construction…
The eulogies had all but been written for Tupperware, a brand once so prolific that it became synonymous with an entire product category. Now it appears it may be getting a second life. Almost four months after the Orlando-based food storage company expressed substantial doubt about its viability as sales slumped, Tupperware on Thursday announced…
Former Wajir Governor Mohamed Abdi Mohamoud has been declared bankrupt by the High Court after he failed to pay a debt of Sh7,621,724.91 to a construction company that supplied him with building materials. Justice David Manjanja of the High Court in Nairobi declared Mr Abdi and his wife Kheira Maalim Mohamud bankrupt on July 21…
There’s a storm brewing in the property insurance market, and companies and consumers alike are starting to feel it. BlackRock CEO Larry Fink told FOX Business last month that not enough attention is being paid to the fact that major insurance companies are fleeing California and Florida because they cannot raise rates high enough to…
By Express News Service ROURKELA: A youth was reportedly kidnapped from near Bisra square here and beaten up for failing to pay the money lost in gambling. He was kept hostage for several hours and released by the kidnappers after his family made part-payment of the amount. The incident came to light on Friday after…