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: December 18, 2014
UAE. International tourism and a stronger middle class are shaping luxury trends, including luxury experiences and alternative luxury channels, with a focus on the consumer rather than geography.
date:Posted: December 18, 2014
INTERNATIONAL. No matter what your position, location, size of your operation, the following 15 trends starts to collide and open up amazing and instant opportunities.
date:Posted: December 18, 2014
INTERNATIONAL. Their dependence on oil is their Achilles' heel, and a knife went through it when the price of oil started to fall. They're also hurt by the sanctions that make it difficult to finance debt.
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