Kuwait's Global Investment House first-quarter loss narrows
Source: BI-ME with Boomberg , Author: Posted by BI-ME staff
Posted: Wed May 30, 2012 11:28 am

KUWAIT. Global Investment House KSCC, a Kuwaiti investment bank, said its first-quarter loss narrowed to 11.5 million dinars (US$41 million) from 23.2 million dinars a year earlier, according to a statement on the Dubai bourse today.

Global Investment, which reorganized US$1.73 billion of debt in 2009, said yesterday it will hold meetings with bondholders on June 7 as part of the restructuring process.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 26, 2015
UAE. EIU report commissioned by Waha Capital points out two major challenges for the sector: human resources and varying regulations across the seven emirates.
date:Posted: May 26, 2015
UAE. "Those who stay attuned to market needs and transform their business in anticipation of new entrants and unprecedented trends will reap the greatest rewards."
date:Posted: May 25, 2015
UAE. there is potential for investor sentiment towards the Euro to be pulled down even further by the news that anti-austerity parties were declared victorious in several local elections in Spain.
dhgate