15.05.2009 - Global posts $240mln loss
From Gulf-daily-news.com: Kuwait's Global Investment House, the country's biggest investment bank, yesterday said it made a first quarter net loss of 69.5 million Kuwaiti dinars ($239.9m), mainly on investment losses. Global, which defaulted on most of its debt earlier this year, is among the most prominent firms in the GCC state's financial sector to face serious problems amid tight credit conditions.......Full Article: Source