Suq Al Mal

  Gulf Finance House issued a clarification on a news item appearing in the aptly named Kuwaiti Newspaper "AlJarida" today on th...

Gulf Finance House noticed that it had omitted one trivial detail from its 15 February press release on its financials and in the spirit of...

A bit more like it.

AlBilad's take on the AlGosaibi/Maan Al Sanea issue. Interestingly, the article gives the name of the former CEO of The International B...

This post presents the findings of the Hibis Europe entitled "Report to the Public Prosecutor Bahrain Review of Awal Bank" dated ...

Thanks to a reader of this blog I was shown how to obtain access to the 5 February filing by Ahmad Hamad AlGosaibi and Brothers ("AHAB...

And the FT does a bit of scrutinizing . As to the basic story, this really isn't "news" nor is it a revelation.  Nor was it ...

In case you missed it, an interesting post over at The Economist with some details about the alleged mechanics of the collapse of TIBC. On...

A pretty good post that pretty much sums it up. Here's the link .

19 February Update:  I was advised that it is highly likely that Mr. AlSanea may be prohibited from traveling outside of the Kingdom of Saud...

  Reuters presents a  short video streaming panel discussion among Islamic financing experts.     I've included it here primarily bec...

You'll remember a while back there was quite a "war of words" between S&P and DCHOG when S&P downgraded them to B.  ...

The IMF released today the Public Information Notice ("PIN") on its Article IV Consultation with  the UAE Government.  The PIN b...

A  theme you may have heard earlier here is in today's The National (Abu Dhabi). For those of you don't know, Mohammed Daud Bakar ...

Reuters reports that Limitless' US$1.2 billion "Islamic Loan" due next month is likely to be rolled over.  It's noted th...

AlKhaleej Newspaper (Dubai) reports that the CB UAE has written to banks advising them not to pay cash dividends more than 50% of 2009 pro...

Update 18 February:  Here's link to GFH Press Release which is source for the news articles. The Gulf Daily News reports that the ...

  Hard to swallow indeed.  But swallow we must. On to Saturday.

  Speakers' Corner Hyde Park Copyright Heniz-Josef Lucking Creative Commons Attribution-Share Alike 2.5 Generic license.   I almost ...

The FT has an ominous article today quoting research done by JPMorgan Chase (a completely disinterested party, by the way) on what will ha...