Sep
03

Gulf banks ‘recovering despite debts setback’

By admin

Gulf banks ‘recovering despite debts setback’
DUBAI: Gulf banks have spent more than $20 billion on provisions for bad debt and lost investments but are showing signs of returning to high profitability, Standard and Poor’s said yesterday.

Read more on Gulf Daily News

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Debra and Jim Smith

We buy, rehab and sell single-family homes in working class urban neighborhoods. We then take our profits and invest in multi-family properties with a goal of 100 units by the end of 2010.