Topic: Gulf Bank
<div><p>Kuwait's Gulf Bank, which incurred heavy losses from the global financial crisis, on Sunday reported a decline in first quarter net profit due to taking huge provisions against risky loans.</p><p>The emirate's second-biggest bank posted a ...
The Gulf Bank, Kuwait's second largest lender, on Monday posted a loss of 97.5 million dollars in 2009, remaining in the red for the second year in a row but by a much narrower margin.In October 2008, Gulf Bank ...
The Gulf Bank, Kuwait's second-largest lender, on Monday posted a loss of 97.5 million dollars in 2009, remaining in the red for the second year in a row but by a much narrower margin."This strong operating performance was, unfortunately ...
Kuwait's Gulf Bank, which went deep into the red last year, returned to a modest profit in the first quarter of 2009, the bank said on Wednesday.Kuwait's second-biggest lender said it made a profit of 1.6 million dinars ...
Shares in Kuwait's Gulf Bank dived more than 50 percent when they resumed trading on Tuesday after a six-month suspension over massive losses from derivative trading.Gulf Bank stocks were trading at 0.45 dinars (1.55 dollars) just after the ...
The oil-rich Gulf state of Kuwait on Monday finally put into effect a five-billion-dollar stimulus plan to shore up the domestic economy in the face of the global economic meltdown.The plan, which was stalled for almost two months in the dissolved ...
Kuwait's Gulf Bank on Saturday posted a net loss of 359.5 million dinars (1.24 billion dollars) for last year, mostly due to heavy losses from derivatives deals.In 2007, Gulf Bank, the second biggest lender in Kuwait, posted a ...
Kuwait's central bank said it had issued 107 million dinars ($362.1 million) of one-year treasury bonds on Wednesday carrying a coupon of 2.25 percent, in a move that analysts said would help soak up excess cash. 'This is a ...
Shareholders of Kuwait's troubled Gulf Bank cover 68 pct of capital increase subscriptionA senior Gulf Bank official says shareholders of the troubled Kuwaiti bank have covered 68 percent of the public subscription to double its capital. The rest will be bought ...
In an effort to stimulate more trading by local investors, the Dubai International Financial Exchange (DIFX) is now allowing companies to list, trade and clear in UAE dirhams, as well as dollars. Jeffrey Singer, former head of global business development at Nasdaq ...
