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Share us on: Twitter Facebook LinkedIn By Stewart Bishop Law360, New York (May 28, 2013, 7:08 PM ET) -- Arcapita Bank BSC on Monday asked a New York bankruptcy court to allow Goldman Sachs Group Inc. to provide the Bahraini bank with a $175 million bankruptcy loan to pay off a debtor-in-possession financing agreement with Fortress Investment Group LLC and provide Arcapita with much-needed liquidity.The bank is seeking to enter into a nonpriming secured murabaha financing transaction, Read more [...]

TEHRAN: Iran yesterday said that it regretted Bahrain’s move to ban the kingdom’s opposition groups from having contact with Hezbollah, Lebanon’s Shia militant movement and close ally of Tehran. “Bahrain’s stance towards Hezbollah is regretful,” foreign ministry spokesman Abbas Araqchi said at his weekly press conference. Bahrain on Monday banned opposition groups from all contact with Hezbollah in a bid to limit the movement’s perceived influence on its restive Shia Read more [...]