Global Investment House narrows losses 50%
(The National
-
31/05/2012)
Global Investment House has reported its 14th consecutive quarter without a profit but narrowed its losses by half after asset sales and cost-cutting. The Kuwaiti investment bank, once among the largest in the Middle East but now undergoing its second
|
Global Investment Q1 net loss narrows
(Reuters
-
30/05/2012)
Global Investment House, the Kuwaiti investment firm currently undergoing its second debt restructuring in three years, saw its first-quarter loss narrow compared to the opening three months of last year, it said in a statement on Wednesday. The company
|
KAMCO standards remain high
(Al Watan
-
29/05/2012)
Kuwait Projects Company (KIPCO) Asset Management Company (KAMCO) has always been a highly compliant firm and has been quick to implement all applicable regulations as set forth by regulators including CMA, CBK and the KSE. With the heightened
|
Commercial Facilities Company announces new working hours
(AME Info
-
29/05/2012)
The Commercial Facilities Company (CFC) announces its new working hours for its five branches, which will start from 8:00 am - 1:00 pm, and from 4:30 pm - 7:30 pm for the evening shift, Sundays to Thursdays. In addition, CFC is also starting its new
|
2011 marked by volatile markets, political instability
(Arab Times
-
26/05/2012)
The KCIC (Kuwait China Investment Company) an investment firm specializing in investments in Asia, held on Thursday its Annual General Meeting of shareholders at the company’s headquarters in Kuwait where the board reviewed the company’s 2011’s
|
Islamic bank Gulf Finance House seeks better times
(The National
-
25/05/2012)
Gulf Finance House is eyeing acquisitions and restarting stalled projects in Bahrain in an effort to turn around its fortunes. The Islamic investment bank had been one of Bahrain's biggest deal makers before the financial crisis, but it was humbled by
|
Kuwait's Global wins $250m UAE case
(Reuters
-
21/05/2012)
Kuwait's Global Investment House said it has won a long-running legal battle over an aborted buy of a stake in National Bank of Umm Al Qaiwain after an appeals court ordered the Abu Dhabi-listed bank to return its deposit plus interest. The $250 million
|
DI showcases subsidiaries' line-up of industrial products and services
(AME Info
-
21/05/2012)
Dubai Investments PJSC (DI), the largest investment company listed on the Dubai Financial Market, is marking a presence at Build Libya 2012 by showcasing the industrial products and services of its subsidiaries. The eighth edition of the international
|
Gulf Finance House obtains approval for its Sukuk restructuring
(CPI Financial
-
20/05/2012)
Gulf Finance House (GFH), the Bahrain-based Islamic investment bank, announced today that it has successfully obtained the approval of its Sukuk holders to restructure its outstanding debt amounting to $110 million. As part of the new terms agreed, the
|
KCIC announces Q1 net profit of KD 4.75 million
(Al Watan
-
20/05/2012)
Kuwait China Investment Company (KCIC), an investment firm specializing in investments in Asia, today announced a first quarter (Q1) net profit of 4.75 million Kuwaiti dinars, an increase of 157 percent over Q1 2011, with earnings per share of 5.93
|
Markaz achieves net profit of KD 2.82 million for Q1, 2012
(Al Watan
-
17/05/2012)
Kuwait Financial Center, Markaz announced in a press release on Wednesday a net profit of 2.82 million Kuwaiti dinars for the first quarter (Q1) ending March 31, 2012, a net profit of six Kuwaiti fils per share as compared with a 748 thousand Kuwaiti
|
DFM achieves 100% compliance in quarterly results disclosure
(AME Info
-
16/05/2012)
Dubai Financial Market (DFM) announced that its UAE listed companies recorded 100% compliance in disclosing their Q1 - 2012 financial results within the deadline of 45 days from the end of the period. 41 out of the 44 UAE public joint stock companies
|
KAMCO logs KD 0.40 million net profit in Q1
(Al Watan
-
15/05/2012)
Kuwait Projects Company (KIPCO) Asset Management Company KSC (KAMCO) reported in a press release on Monday, its financial results for the first quarter ended March 31, 2012. The Company recorded a net profit of 0.40 million Kuwaiti dinars with
|
Gulf Finance House posts $1m Q1 profit
(Trade Arabia
-
14/05/2012)
Bahrain-based Gulf Finance House (GFH) recorded a net profit of $1 million for the first quarter of this year ending March 31, a statement said. The bank had reported a net profit of $11.9 million during the same period last year. The total income for Q1
|
Commercial Facilities Company Q1 net profit reaches KD 4.594 million
(Al Watan
-
14/05/2012)
Commercial Facilities Company (CFC) announced in a press release on Sunday its financial results for the three months ended March 31, 2012. Led by strong revenue growth in its core operations, CFC reported a net profit of 4.594 million Kuwaiti dinars for
|
Ithmaar operating profit tops $4.4m
(Gulf Daily News
-
14/05/2012)
Ithmaar Bank yesterday announced a net operating profit of $4.4 million, before impairment provisions and taxation for the first quarter of this year, compared to a net operating loss of $2.8m in the same period last year. As a result it suffered a net
|
Dubai Investments net profit up 6.3%
(Reuters
-
14/05/2012)
Conglomerate Dubai Investments posted a 6.3-percent rise in quarterly net profit yesterday and said the company was reviewing opportunities to divest some of its businesses. The firm, in which sovereign wealth fund Investment Corporation of Dubai (ICD)
|
SICO Bounces Back With $3.6m Profit
(Gulf Daily News
-
10/05/2012)
The strategy at Bahrain-based Securities & Investment Company (SICO) remains focused on maintaining a strong balance sheet in order to take advantage of opportunities and capitalising on further market recovery expected to continue in 2012. That was the
|
GFH boost as key India development on track
(Gulf Daily News
-
10/05/2012)
Senior management and key investors of Gulf Finance House (GFH) led by acting chief executive officer Hisham Alrayes returned from a successful visit to the Mumbai Economic Development Zone (MEDZ) project site in India. The visit was to meet senior
|
ABG operating income surges 21pc to $206m
(Gulf Daily News
-
10/05/2012)
The economic fallout of events associated with political upheaval in the Arab countries last year continued to affect the banking sector in the first quarter of 2012. These have had negative implications on the industry, according to Al Baraka Banking
|
SICO announces net profit of BD1.351m for the first quarter 2012
(AME Info
-
09/05/2012)
Bahrain-based Securities & Investment Company (SICO) announced a net profit of BD1.351m ($3.6m) for the first quarter of 2012 compared to a loss of BD627,000 ($1.7m) for the same period of the previous year. Net interest income during the first quarter
|
Al Baraka posts 7pc Q1 profit rise
(Reuters
-
09/05/2012)
Bahrain-based Islamic lender Al Baraka Banking Group posted a 7 per cent increase in first-quarter net income, the bank said in a statement on Wednesday. The bank, which has operations in 15 countries including Turkey, Syria and Egypt, made a profit of
|
Alijarah rights issue oversubscribed more than 2 times
(Gulf Times
-
09/05/2012)
Alijarah Holding (formerly National Leasing Company) has said its recently concluded rights issue has been oversubscribed more than two times. The subscription date commenced from April 15 to April 29, resulting in a subscription of shares amounting to
|
UGB net profit soars 89pc to $9.1 million
(Gulf Daily News
-
09/05/2012)
United Gulf Bank (UGB) has announced a net profit of $9.1 million for the first quarter of this year year, an 89 per cent increase over the first three months of 2011. UGB is the asset management and investment banking platform of the Kipco Group, The
|
Global Investment 2011 net loss narrows
(Reuters
-
08/05/2012)
Kuwait's Global Investment House, which is undergoing its second debt restructuring in three years, said 2011 net loss narrowed compared with the previous year, helped by lower writedowns of its financial assets. The firm, one of the largest investment
|