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The Financial Sector in the GCC
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Tuesday, 20 July 2010
The Future of Sukuk - Asa Fitch at The National
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Asa Fitch over at The National has a piece on the sukuk market which you might find interesting. Personally, I vote for a future. As wit...
Financial Times: The Great (Economic) Debate
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Today's Financial Times resounded with more than its usual "plop" when it hit my doorstep this morning. When this happens, A...
Global Investment House - Announces It Has Paid Restructured Debt Installment
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When times are good, one announces a new loan with great fanfare and self congratulation. Once one has defaulted the situation changes. R...
2 comments:
Aayan Leasing and Investment - Press Release on 2009 Financials
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Below is Aayan's announcement of its 2009 financial results from the KSE. As usual Arabic only. If you're wondering why Total Lia...
3 comments:
Global Investment House - National Bank of Umm AlQaiwain to Appeal
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Following yesterday's announcement by Global Investment House that the Court of First Instance in Dubai had ruled in its favor over the...
Global Investment House - Poor Performance of Funds Highlighted Why?
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AlQabas has an interesting article on YTD performance through 25 June performance of funds domiciled in Bahrain. Global has I believe som...
Aayan Leasing and Investment - 2009 Losses of KD73.2 Million
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Aayan Leasing and Investment has reported its 2009 earnings and they are dismal: A net loss for the year of KD77,175,466. Accumulated loss...
2 comments:
AlGosaibi v Maan AlSanea - Abu Dhabi Commercial Bank Sues Saad for US$32 Million
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Asa Fitch over at The National reports that ADCB has filed suit in London against Saad Trading and Contracting over a default on a currency...
Monday, 19 July 2010
Global Investment House Wins Round #1 Against National Bank of Umm Qaiwain
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GIH announced this morning that the Court of First Instance in Dubai had ruled in its favor against NBUQ ordering it to return GIH's U...
AlGosaibi v Maan AlSanea - Fortis Bank versus ADIB - The Letter of Credit
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See important additional information here on Bunge's role in transaction and ADIB's knowledge of the nature of the transaction. As...
3 comments:
UGB to Purchase Burgan Bank Shares at KD0.390?
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Citing informed sources, Jamal Ramadan over at AlWatan reports that UGB will purchase the additional 13% of Burgan shares using an auctio...
Kuwaiti Listed Companies – Who’s on the Boards?
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Augustus Pugin Senior and Thomas Rowlandson - Public Domain In a recent article, Eissa Abdul Salaam at AlQabas published a study on the ...
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Sunday, 18 July 2010
International Investment Group: Draft 2009 Financials KD 36.6 Million Loss
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IIG Funding Limited announced on Nasdaq Dubai this morning that the Central Bank of Kuwait had accepted IIG's 2009 financial statements...
4 comments:
Aabar: UAE Securities and Commodities Authority Orders AED1.95 Tender Price
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The UAE SCA ordered IPIC to raise its tender price to AED1.95 per share based on the average of the past six months' trading. It also ...
International Investment Group: Defaults on Sukuk 2009 Financials Released
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Today Deutsche Trustee Company, Delegate on the IIG Funding Limited Sukuk, announced on NasdaqDubai two further defaults on 10 July 2010: F...
Saturday, 17 July 2010
Abdullahs Roll in Recovery for Damas
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This is the actual headline in The National , though I suppose at some point the editor will change it to "role". But the origina...
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Thursday, 15 July 2010
Bahrain: Saudi Driver Crashes - Lost or Never Had Control of His Car?
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The Gulf Daily News carried one of the typical GCC traffic accident stories . As is common, we're told that at some point the driver ...
The Investment Dar - No Decision from Central Bank
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It's been roughly four months since TID received the preliminary approval of the Special FSL Court to begin the process for the Company...
You Said What?: Sue Myrick "The Iranians are Coming"
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Well the thing that concerns me, and you mentioned this briefly, Iran is working with Venezuela. And they're transiting through Vene...
3 comments:
Wednesday, 14 July 2010
AlGosaibi v Maan AlSanea - Saudi Court Rejects AHAB Suit Against AlSanea
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AlQabas reports that the Saudi Administrative Court for the Eastern Province rejected a lawsuit raised by Ahmad Hamad AlGosaibi and Brother...
5 comments:
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