14.07.2009 - Gulf banks face bad loan fallout
From Thenational.ae: Gulf banks with exposure to bad property loans could be forced under or require government funds to survive, according to the company that is restructuring Lehman Brothers. Alvarez and Marsal, which is advising on Lehman, the world’s biggest bankruptcy, expects local lenders to face increasing exposure to property-related distressed debt this year.........Full Article: Source