This comes after the Israeli military announced the killing of Nasrallah, and said Israel is ready for wider escalation
“Market conditions in the last quarter of 2008 had a significant effect on the financial positions of many companies in comparison with the preceding nine months of the year,” it said. “An increased level of care and time is being taken to value assets to ensure that their realistic market values are reflected.”
Investment Dar was among 36 Kuwait firms that had their shares suspended on the bourse this month after failing to publish their earnings in time.
The Arab world’s second-largest bourse did not say when it would resume trade in the companies.
The Islamic investment firm, which owns a stake in British carmaker Aston Martin, said last month it might sell some assets to meet its obligations as its seeks to restructure its debt.
It said in December it was seeking to borrow up to $1 billion to refinance debts. It appointed Credit Suisse as its financial adviser in January.
Kuwait’s cabinet last month approved a $5 billion economic support package that includes states guarantees on fresh loans extended by banks to help struggling investment firms.
This comes after the Israeli military announced the killing of Nasrallah, and said Israel is ready for wider escalation
The Islamic republic's supreme leader Ayatollah Ali Khameni has been transferred to a secure location, sources say
Haddad, a project to enhance security of the Emirates' water areas, is the first-of-its-kind in the region
A Dh50,000 fine was also imposed on the impounded vehicles
Both Israeli and US media reported that Hezbollah's leader Hassan Nasrallah was the target
The event will spotlight 104 young golfers aged 11 to 18, all eager to showcase their skills on the newly enhanced back nine at Arabian Ranches
This comes after Israel military claimed on Saturday that it killed the militant group's chief
No casualties were reported and employees were sent home for the day