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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
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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

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INTERNATIONAL. "If the customer is not the key focus in all activities, whether it is improvements in delivery times or query resolution processes, efforts are wasted."
SAUDI ARABIA. "There has been relatively little change in the real estate market in Riyadh in the second quarter of 2015 although recent changes to mortgage regulations have caused downward pressure in the residential sales market."
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