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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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UAE. A recent study by The Boston Consulting Group found that, in 2016, GCC banks' revenues grew by 5.2%, down about 2 percentage points from 2015; The impact of the decline in oil prices has hit the banking industry; Profits declined by 3.2% for the first time since 2008.
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