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Email this article: Drydocks World edges closer to restructuring approval
Posted: Tue April 3, 2012 7:06 pm
UAE. Drydocks World, which is testing a form of insolvency protection drawn up in response to Dubai's 2009 debt crisis, has 87% of creditors signed up to its restructuring plan.
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SAUDI ARABIA. The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping to an average of US$102 per barrel, according to the latest Jadwa Investment Global Oil Market Update.
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