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Moving at Variable Speed

Nearly three years after the glob­al banking crisis erupted, the banks in the Gulf Cooperation Council countries continue to remain…

May 21, 2012 3:43
 
Kuwait’s Global, Kamco cut nearly 100 jobs

Kuwait’s Global, Kamco cut nearly 100 jobs

Two of Kuwait's largest investment firms have cut nearly 100 jobs in cost-cutting measures, sources said on Sunday, as they grapple with difficult market conditions.

January 22, 2012 5:37
 

Kuwait’s Global Investment House says creditors agree with repayment delay

Creditors of Kuwait's Global Investment House have agreed to delay repayment of the principal of their debt to the middle of next year, the company said on Monday, so it can undertake a second restructuring.

December 13, 2011 11:38
 

Kuwait halts Global Investment trading on accumulated losses

The Kuwait bourse halted trading in Global Investment House's shares on Monday, saying its accumulated losses to the end of September had exceeded 75 percent of its capital, contravening market rules.

December 5, 2011 11:01