Gulf banks rebound despite ‘bad’ debts
AFP/Dubai Gulf banks have spent more than $20bn on provisions for bad debt and lost investments but are showing signs of returning to high profitability, Standard and Poor’s said yesterday.
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Legal Complications Grow As Gulf Oil Spill Expands
Companies involved in building or operating the Deepwater Horizon rig face potential lawsuits from families of victims, fishermen, restaurants and charter boat companies. Legal experts say there’s likely to be more litigation than what surfaced after the Exxon Valdez oil spill.
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In Alaska, gulf spill brings back painful memories
Communities along the Gulf Coast wondering about what kind of legacy the monstrous oil slick will leave can look no further than the towns along the Alaska coastline that were ravaged by the Exxon Valdez spill in 1989.
Read more on AP via Yahoo! News
(AFX UK Focus) 2010-04-25 13:44 Gulf Islamic banks eye conversion of conventional peers
By Frederik Richter and Shaheen Pasha
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Clinton visits key allies in Persian Gulf
U.S. Secretary of State Hillary Rodham Clinton launched a quick visit to two Persian Gulf allies Sunday as part of a broad effort to shore up support for a tougher stand against Iran’s nuclear program.
Read more on Chattanooga Times Free Press