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Friday, 18 March 2016

Billionaire arms deal fixer Wafic Saïd weighs up Barclays lawsuit | Business | The Guardian

Billionaire arms deal fixer Wafic Saïd weighs up Barclays lawsuit | Business | The Guardian:

"Wafic Saïd, the billionaire philanthropist and arms deal fixer, is considering legal action against Barclays after the bank forced him to close his personal accounts and those associated with his charities and business ventures.

Saïd, who fled Syria in 1963 to escape a military coup, accused Barclays of using him as a scapegoat to improve its own reputation after being told in December that he was no longer wanted as a customer.

PR company Bell Pottinger, run by Margaret Thatcher’s former adviser Lord Bell, issued a statement on his behalf on Friday: “Mr Saïd has been advised by leading counsel to issue proceedings against Barclays.”

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Emerging market debt: A trawl for yield - FT.com

Emerging market debt: A trawl for yield - FT.com:

"The eight sleek, military grey patrol boats sitting on the concrete of Maputo port would not look out of place in a James Bond movie. Their mission? To protect Mozambique’s new fleet of tuna fishing boats from Indian Ocean pirates.
But the vessels, which have been largely idle, are now the focus of a multimillion-dollar international controversy. It is a dispute that has severely strained the coffers of the cash-strapped government, rattled donors that fund one quarter of the state’s budget and forced Mozambique to seek a restructuring of the debt used to buy the boats."



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