Bollywood celebrities have gathered in Abu Dhabi for the grand award show
entertainment3 hours ago
“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.
Bollywood celebrities have gathered in Abu Dhabi for the grand award show
entertainment3 hours ago
The captain said he was proud to represent UAE in an international arena
uae3 hours ago
With scores of applications being submitted, authorities have found more ways to provide flexibility to amnesty-seekers
visa and immigration in uae4 hours ago
The statement comes after Israel claimed to have killed Hezbollah's leader and said they are ready for broader conflict
mena4 hours ago
This comes after the Israeli military announced the killing of Nasrallah, and said Israel is ready for wider escalation
mena5 hours ago
The Islamic republic's supreme leader Ayatollah Ali Khameni has been transferred to a secure location, sources say
mena5 hours ago
Haddad, a project to enhance security of the Emirates' water areas, is the first-of-its-kind in the region
uae6 hours ago
A Dh50,000 fine was also imposed on the impounded vehicles
uae6 hours ago