Global Investment House - Kuwait

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Recent Articles

• Kuwait's Global posts $19.6m Q3 loss9 November 2009

  Investment bank's losses narrow by 81%, says it needs to restructure estimated $1.75bn of debt.

• Kuwait's Global 'agrees deal' with creditors25 October 2009

  Troubled investment firm's CEO says final agreement set to be inked by end of Nov.

• Oman inflation seen falling by 7-8% in 200931 August 2009

  New report says declining oil, food import prices will have 'major impact'.

• Kuwait’s Global may soon reach debt agreement - CEO10 August 2009

  CEO says all documents required by lenders submitted; company awaits responses.

• Emirates NBD, Emaar push Dubai to seven-week high10 August 2009

  UPDATE 10: Abu Dhabi index closes lower, as does Kuwait, Oman.

• Global Investment House slumps to $101m Q2 loss 9 August 2009

  UPDATE 1: Kuwait firm misses analyst forecast that had been looking for a profit.

• UAE's NBQ says Global loses court bid over stake sale29 July 2009

  Kuwait's Global Investment House cannot scrap $642.5m purchase in UAE bank.

• Kuwait's Global to double its capital 'in months'9 July 2009

  Part of additional capital will be used to help meet bank's $3bn debt obligations.

• RLPC-Saudi loan restructuring to hit Gulf borrowing29 June 2009

  Saad, Algosaibi troubles could crimp lending to Saudi, say banking sources.

• Kuwait's Global hikes capital amid financial crisis15 June 2009

  Generating fee income, rather than conducting fire sales, is major aim as firm restructures.

• Global says bondholders agree to extend maturity14 June 2009

  Agreement gives breathing space as company continues to restructure its debt.

• Bahrain bourse halts Global's sale of Salam stake11 June 2009

  Dispute was over selling a stake in Salam Bank to an unidentified investor, Global says in a statement.

• Kuwait's Global posts Q1 loss of $240m15 May 2009

  Investment house sees relative improvement after a major Q4 dive last year.

• Kuwait financial sector 'nearly stable'9 May 2009

  Central bank governor says too early to tell whether it has totally overcome impact of global crisis.

• Kuwait's Global eyes capital hike after loss27 April 2009

  Kuwait's biggest investment bank says losses on investments, loans caused $884m full-year net loss.

• Global Investment House posts FY loss26 April 2009

  Focus on fee generating businesses as the troubled Kuwaiti investment bank swings to a full year loss.

• Kuwait's Global posts Q4 loss of $1.36bn26 April 2009

  Impairment charges for investments and loans affects performance of Kuwait's biggest investment bank.

• Global Investment House makes cash payment to investors19 April 2009

  Investors with the Global Mena Ijarah Real Estate Fund to receive distribution.

• NBQ asks Global Investment House to pay up14 April 2009

  UAE bank seeks full payment fom Kuwait's GIH under stake purchase deal.

• 'Worst over' for Kuwaiti banking sector12 April 2009

  Q1 profits expected to decline year on year, but improve from losses in prior quarter.

• GCC cement firm earnings slump by 35%8 April 2009

  Economic slowdown takes its toll on cement industry, according to new report.

• Kuwait bourse bans 36 firms from trading1 April 2009

  Companies, including major investment firms, penalised for failing to publish their 2008 earnings on time. 

• Kuwait bourse may halt 47 firms without earnings31 March 2009

  Global Investment House and Investment Dar Co among companies facing stop.

• Global Investment sees lower '09 growth for Bahrain17 March 2009

  Kuwait-based GIH sees Bahrain's growth rate at 2.5-3% on lower oil prices, global woes.

• Global Investment House to scale back operations3 March 2009

  Troubled Kuwaiti firm to close some branches abroad and scale down investments.