Suq Al Mal

Bring Out Your Dead.  And Your Near Dead Too. Since last July ever so often I would check to see if there was anything new on The Curio...

Sometimes Even When You See Something Clearly, You Think It Wise to be Indirect Just when I was recovering from The National Bank of U...

  Choose Your Door Carefully.  Some Deals are Better than Others. As you recall, GFH announced with great fanfare its plan to raise up to U...

Reuters is quoting an unnamed GFH spokesman that the Bank intends to ask the holders of its US$200 million Sukuk issue (US$137 million outs...

Damas announced on Nasdaq Dubai that it had revised its agreement with the Abdullah Brothers regarding the amounts they owe to Damas. One...

Studio Lévy & fils  1895 When You Turn the Corner Make Sure the Track Goes There Get out your magnifying glasses and join me in read...

Not sure how GFH will spin this, but they've announced a loss of US$115.1 million for the 3Q10 making the loss for the first nine months...

Updated for comments on Chapter 11. Here are some additional details on Awal's filing. The case number assigned by the Bankruptcy Cour...

In terms of recovery all venues are likely to be highly inconvenient. Update :  See subsequent post . According to news reports on Bloomb...

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

Deutsche Bank as the Delegate on the above transaction issued an announcement on Nasdaq Dubai advising that: IIG had advised that it was a...

An article in the FT today reports that bankers were told that lead underwriters on Dubai's recent US$1.25 billion sovereign bond were...

"Pay No Attention to the Man Behind the Curtain" GFH published the agenda for its shareholders' general meeting on the capita...