Gulf Finance House - Bahrain

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Recent Articles

• Gulf Finance House swings to Q3 loss on lower income11 November 2009

  Investment firm records Q3 loss of $29m; posts its fourth consecutive quarterly loss.

• Bahrain's GFH announces major shake-up12 October 2009

  Islamic investment bank splits company into two, aiming for 'new period of growth'.

• Gulf Finance House sees earnings recovery in H210 September 2009

  Islamic lender eyes recovering after suffering three consecutive quarterly losses.

• Fresh appetite for Gulf IPOs seen after Ramadan1 September 2009

  Investors seen more willing to support region's companies after market drought.

• GFH, Macquarie set for strategic tie-up24 August 2009

  Macquarie Group to invest $100m in Bahrain’s GFH ahead of providing Islamic products across ME.

• Qatar mulls Poland shipyard buy after deal fails18 August 2009

  UPDATE 2: Poles under pressure to sell yards to stave off thousands of job losses.

• Gulf Finance House sees Q2 loss on income slump10 August 2009

  UPDATE 1: Bahraini Islamic bank misses forecast with third straight quarterly loss.

• Bahrain central bank okays GFH capital hike6 August 2009

  Bahrain-based Islamic investment bank wins nod to hike its capital by $300m to $500m.

• Gulf Finance House expects to raise $500m-$800m in 2009 – chairman26 July 2009

  Bank expects to raise less than half of $1.8bn it raised two years ago.

• GCC to continue with US currency peg - analyst21 July 2009

  Gulf Finance House says US dollar is undisputed reserve currency for GCC nations.

• Gulf Finance House announces new CEO20 July 2009

  Lebanese-born Ahmed Fahour will take over the reigns at the Bahrain-based Islamic lender.

• Bahrain's Gulf Finance House denies merger talks3 July 2009

  Islamic investment bank not to merge with Kuwait's First Investment Bank.

• Gulf Finance House set to appoint new CEO19 May 2009

  EXCLUSIVE: Former CEO of Bahrian bank left in Dec, replacement to be named in weeks.

• Gulf Finance House posts $37.7m net loss Q10919 May 2009

  Bahrain-based Islamic Finance House says loss due to provisions on investment portfolio. 

• Gulf Finance House seeks $600mn for energy projects13 April 2009

  Bahrain-based Islamic bank looking to finance Libyan and Kazakh projects.

• First Energy set for further investment in energy sector22 February 2009

  Bahrain-based Islamic investment bank eyes oil exploration and drilling services deals.

• Bahrain's Gulf Finance House eyes buyouts this year1 February 2009

  Islamic investment bank mulls acquisitions as valuations of potential targets face pressure.

• GFH announces 2008 profit fall 29 January 2009

  Bahrain-based investment bank reveals year end profits dropped 14 percent compared to 2007.

• S&P cuts outlook for GFH to negative27 January 2009

  Ratings agency affirms BBB-/A-3 long and short-term counterparty ratings for the Islamic investment bank.

• Energy City Libya plans revealed15 November 2008

  Bahrain's Gulf Finance House (GFH) has unveiled the conceptual master plan for its US $5 billion (BHD1.9 billion) Energy City Libya development.

• Libya to host $5 billion energy hub9 November 2008

  Bahrain's Gulf Finance House unveils Energy City Libya, following sites in Qatar, India and Kazakhstan.

• Gulf investors launch $2.8bn in new Islamic firms27 August 2008

  Gulf Arab consortium aims to set up three Islamic financial firms to tap opportunities.

• Gulf finance turns attention to steel6 August 2008

  Gulf Finance House establishes HadeedMENA to exploit regional building boom.

• Oil price drop will not dent Gulf economic boom4 August 2008

  Even at $70 a barrel Gulf exporters still booking windfall returns, analysts say.

• US $5bn firm will boost steel supply2 August 2008

  Gulf Finance House is establishing a US $5 billion (BHD1.8 billion) steel firm with five partners in an effort to shore up the gap between supply and the increasing demand for steel in the Middle East.