| From Gulfnews.com: Gulf Finance House EC surged the most in more than seven months after the Bahraini investment bank said it will reduce its liabilities by $290 million (Dh1,067) after exiting its investment in Dubai. The shares gained 10 per cent, its biggest gain since May 21, to $0.33 at 11.34am in Bahrain yesterday.
The company took $300 million non-cash charge against its proprietary Dubailand position and has no remaining material exposure to Dubai, it said yesterday in an e-mailed statement..........................................Full Article: Source
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