Suq Al Mal

AlQabas published a summary of a recent HSBC research report in its Sunday issue. Here's a quick summary of the main points: HSB...

(Readers are invited to select the photo they believe  most appropriate in the context of this news item.) You'll recall that motivat...

Let's take a closer look at Burgan's 2Q10 financials.  Press release here . Income Statement Net interest income for 1H10 at KD...

Burgan announced its 1H10 results on the KSE this morning.  Arabic text below. The headline is the loss of KD6.856 million versus a profit ...

Citing informed sources, Jamal Ramadan over at AlWatan reports   that UGB will purchase the additional 13% of Burgan shares using an auctio...

Responding to an article in the local press about UGB's potential purchase of Burgan Bank shares, KIPCO kindly set the record strai...

As you'll recall in late June, United Gulf Bank (90.7% owned by KIPCO) announced that it was selling Tunis International Bank to Burga...

Press releases below. I'm guessing loan loss provisions are responsible. CBK's press release first, then Burgan's.  For those ...

Here's the straight story on Burgan's capital increase regarding the remaining 15% not placed earlier. Existing shareholders wer...

Following up on an earlier story , AlQabas reports that the lawyers for four local banks (named earlier as Kuwait Finance House. Commercial...

Burgan announced on the Kuwait Stock Exchange today that it had bought another 5.3% of Bank of Baghdad taking its total shareholding t...