Suq Al Mal

There's a report in AlQabas Thursday edition that Judge Groper denied Awal Bank's Chapter 11 petition.  At this point, there is not...

A banker's memory is a wonderful thing.   Even the most painful experiences can be forgotten.  Michel Accad gave an interview at the...

Here's an interesting article from AlQabas which reports that some international lenders have sold a part of their debts to the two tro...

  The Gold's There.  Look Closer. According to the informed sources of Al Watan , a European Group is now bidding to acquire a signific...

If you've been following the continuing dispute between AHAB and Mr. Al Sanea, you know from reading Frank Kane over at The National t...

For A Cleaner Clean Frank Kane at The National reports that the US Congress will hold a hearing tomorrow on US$1 billion of money transfer...

Above Main Entrance to NY Supreme Court Looks like Mr. Al Sanea is continuing his run of victories in the NY Courts.   As you'll recal...

A Rather Inconvenient Place After All Judge Richard Love III of the Supreme Court of the State of New York decided last July that New York...

Remedial Lending Class Asa Fitch at The National reports on some loan sales by Saad lenders. This makes perfect sense.  It's highly...

They say there is no surer proof of someone's intelligence than the fact that he or she agrees with you. (See point #3 below). Echoing...

There are several meanings to the word "fix": To repair something that is broken:  He "fixed" the pipe. To arrange for...

Here at Suq Al Mal some of the most vigorous exercise we get is from patting ourselves on the back.  Before I head to the showers after th...

There has been a remarkable reversal of fortune of late for AHAB.   First was the decision by Trowers and Hamlins back in June to sue AHAB...

Asa Fitch over at The National reports that the Caymans Island Court has suspended its proceedings pending determination by the special Sau...

Asa Fitch over at The National reports that an English Court has ruled in favor of ADCB ordering Saad Trading Contracting and Financial Se...

    Warning:  Ethics Depicted in Picture May be Smaller Than They Appear In  my earlier post analyzing the Awal Bank L/C I spent a bit of ...

In discussing the Fortis lawsuit against ADIB , I mentioned that ADIB was also a defendant in a lawsuit brought by BNP Paribas' "F...

Citi, the Delegate on Saad's Golden Belt Sukuk 1, has posted a notice on the BSE listing the legal cases  it is aware of involving Mr. ...

Asa Fitch over at The National reports that ADCB has filed suit in London against Saad Trading and Contracting over a default on a currency...

See important additional information here on Bunge's role in transaction and ADIB's knowledge of the nature of the transaction. As...