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Islamic Finance Briefing - Categorized | Finance, Performance more

Kuwait’s Global Investment House Q2 loss $101 mln

Posted on 10 August 2009

From Reuters: Kuwait’s Global Investment House reported a net loss of 29 million dinars ($101.1 million) in the second quarter, on investment losses and losses of associates.

Global, which defaulted on most of its debt earlier this year, is among the largest investment companies in the Gulf Arab state to face problems amid tight credit conditions……….Full Article: Source

 
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