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Arcapita in bankruptcy filing over $1.1bn debt
Arcapita, an investment bank based in Bahrain, filed for bankruptcy protection in the United States yesterday after the failure of talks with creditors over US$1.1 billion (Dh4.04bn) of debt. The move came as the credit rating agency Moody's Investors Service warned of a funding crisis brewing in the Gulf. Arcapita…
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