As you know, we at Suq Al Mal have been closely following progress over at AIC on its project to complete "their unscheduled maintenance to upgrade our systems to better serve you".
Significant progress has been made since we first noticed this effort was underway 18 November.
Since then, we've learned that Adeem's crack IT Team is a a virtual F-1 race with GFH to see who will get their corporate website fixed first.
Gulf Finance House are laboring day and night to update GFH's ratings page on their website. As you probably know, they have yet to reflect the November 2009 downgrade by S&P.
While many think that AIC has an insurmountable lead because they started first and because S&P has downgraded GFH multiple times since that first November downgrade, I'm not yet ready to count out the GFH Team.
The heart of the Gulf is racing! And we here at SAM are calling the "play by plays" as they occur.
Stay tuned. It looks like this race is going to be down to the wire. Por una cabeza as the saying goes.
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