| From Reuters: Kuwait's Gulf Bank said on Sunday its first-quarter profit fell 67 percent, well below analysts' forecasts. The lender, in which sovereign wealth fund Kuwait Investment Authority (KIA) owns a 16 percent stake, made a net loss of 28.07 million dinars in 2009.
The bank made a net profit of 524,000 dinars ($1.82 million) in the first quarter, compared with a net profit of 1.6 million dinars in the same period last year, it said in a statement on the Kuwaiti bourse website on Sunday.......................................Full Article: Source
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