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FINANCIAL NEWS
Democrats intervene in a US, Bahrain arms deal
13 Oct 2011
(MENAFN) US, Bahrain USD53 million arms deal was blocked by US senators lobby who appealed postponement to the Obama administration, Arabian Business reported.
Five senators from the Democratic Party made the appeal in protest to the Gulf state’s crackdown on protestors during its political unrest.
The group said in a letter in a letter to the US Secretary of State Hillary Rodham Clinton that closing the deal would weaken US creditability, according to media reports.
The Pentagon last month approved the sale of the weapons, which includes 300 missiles and more than 44 armored Humvees, 50 of which have bunker busting capability.
Governments across the world have come under increasing pressure to stop selling security equipment to the Gulf state amid concerns it would be used to quell political unrest there.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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