Pages

▼
Monday, 25 January 2010

Saudi Capital Markets Authority Levies Fine on CEO of Sadafco

›
The Saudi Capital Markets Authority announced it had fined the CEO of Sadafco SAR 50,000 for disclosure of "inside information"...
Sunday, 24 January 2010

Kuwait: Central Bank Governor Tells Investment Companies There Are Only Two Choices: Debt Restructuring or The Financial Stability Law

›
AlQabas reports   that the Governor of the Central Bank of Kuwait delivered a short and sharp message to Kuwaiti investment companies at h...

Dubai World's Consolidated Assets More Than Twice Its Consolidated Debt: So What?

›
    You've probably seen the press reports carrying the "good news" that Dubai World's assets (even after the market decl...

Orion Holdings Overseas - "Unauthorized" Trading and Corporate Governance "Shortcomings" Led to Collapse

›
A bit more information has come to light about the causes of the meltdown at OHO via an article in The National : at least US$20 million o...
1 comment:

"Mastermind" Attempts to Defraud UAE Central Bank

›
A thoroughly engaging story of an Asian "mastermind" who attempted to defraud the Central Bank of the UAE. I remember watching ...

Saudi Zain - Just What Did It Miss? Financial Covenants Not Payments

›
You've probably seen reports that Saudi Zain missed "commitments" under its US$2.6 billion  equivalent "Islamic" ...

Mr. Obama's War

›
I read with alarm the news in the press that President Obama has declared war on bankers.   Apparently a sudden shift in his previously be...
Saturday, 23 January 2010

Borse Dubai - More on US$2.5 Billion Loan and Its Implications

›
A slip at Suq Al Mal.  In my last post I didn't deal with the background to the US$2.5 billion  loan.  And its potential implications....

Ring in the Old: Part 1: Suq Al Manakh - The “Boom”

›
Symbol of the Suq Al Manakh Building As promised earlier, a bit of background on the Suq Al Manakh market ("SAM"). The Previo...
Friday, 22 January 2010

Adeem Investment Company - The Work Continues

›
Copyright Ricardo Liberato Used Under Creative Commons License It's not a suprise that a big project takes a long time to accompli...

Mabruka Ya Iqbal - Arab World's Youngest Female Medical Student

›
Copyright The National Newspaper Abu Dhabi Here's a great story . A young Lebanese girl from the Beka'a - hardworking and b...
2 comments:

Boubyan Bank Statement on Lawsuit Against AlAbraj Holding

›
In its "Disclosures" section, AlQabas has two lines giving Boubyan Bank's reason for the lawsuit.  The Bank took the action ...
1 comment:
Thursday, 21 January 2010

Lightning Storm Hits Burj Khalifah

›
I am told by those who claim to know that the storn lasted over one half hour with repeated "strikes" on the Burj.  You can s...

Boubyan Bank Lawsuit Against Al Abraj Holding

›
Al Abraj Holding Company Kuwait issued a press release on the Kuwait Stock Exchange today (text below) regarding press reports that Boubya...
Wednesday, 20 January 2010

4-2 & Top of the List

›

CFA Kuwait Holds CFA Charter Award Ceremony

›
Copyright Arab Times Kuwait I've written before about the role of institutions in promoting the development of markets.   A very i...
5 comments:

A Tale of Two Countries - Dubai and the USA

›
Copyright GulfNews Dubai Dubai may have the world's tallest building and the only indoor ski mountain, but here in the USA we have th...

Istithmar - David Jackson - "Action Jackson"

›
Frank Kane at The National's take on Mr. Jackson's career at Istithmar.  I'm guessing that his reference is to Detroit and not ...

Istithmar World Chief Resigns

›
  The National reports that David Jackson has resigned today as CEO of Istithmar World.  Here's another item from GulfNews which in...
6 comments:

Gulf Finance House Rating Lowered to B+

›
In response to a request from the BSE, GFH provided additional information on it recent downgrade by S&P  including the text of S&P...