Suq Al Mal

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

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

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

Issa Abdul Salaam at Al Qabas quotes informed sources that Gulf Bank is exiting several funds and reducing its share in others during the ...

Citing parties close to the case, Al Qabas reports (or at least I think so) that the Public Prosecutor has stayed Gulf Bank's case again...

One of our newest readers  raised two interesting questions via our contact page:   He's heard rumors that GB is engaged in restructuri...

A couple of interesting articles in the Financial Times over the past two days. In one the remarkable recovery of Gulf Bank Kuwait is di...

According to Marwan AlBadr of  AlQabas , Gulf Bank filed suits in Saudi against both AlGosaibi and Saad in two legal forums: The Negotiable...

Update 27 April:  A reader has pointed out that I overlooked the collateral held by GB and outlined in Note 26 of the 2008 fiscal year end ...

AlQabas carries comments by Mr. Ali Rashid AlBadr, Chairman of GB in its Monday issue. He said that 1Q10 operating profit was some KD44.3...

Gulf Bank announced its 1Q10 earnings on the KSE today (announcement, Arabic only, below). Most news reports have focused on the sharp dr...

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

AlQabas reports that the AlKhorafi Group has increased its stake in two Kuwait companies. Oula Fuel ( KSE Symbol 645 ):  A 40 unit gas and...

You'll recall that in 2008, Gulf Bank lost some KD360 million largely because of losses on FX derivatives reportedly involving the Euro...

AlQabas quotes informed sources that Lu'lu Real Estate Company is delaying the resumption of trading in its shares pending determinat...

This is a post from over one month ago (November 16 to be precise).  I made a small edit to it today and now it is on today's new posts...