Having effortlessly transitioned into acting, Fouzia's debut film swiftly captured global acclaim, earning accolades at the prestigious Cannes Film Festival
“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 investmentfirms.
Having effortlessly transitioned into acting, Fouzia's debut film swiftly captured global acclaim, earning accolades at the prestigious Cannes Film Festival
Parag, who reached his 50 off 34 balls, cracked 25 runs with three fours and two sixes off the final over bowled by star South Africa paceman Anrich Nortje
Fans were left scratching their heads when Mumbai opted to take Bumrah out of the attack after he bowled the fourth over
With the help of modern equipment, manicured golf courses and elite athletes the scores are getting lower and the game becoming even more captivating
With 10 matches remaining Arsenal lead a three-way title race having won eight successive games
Three separate Israeli strikes on Wednesday, including on a health centre in the border village of Habariyeh, killed 11 civilians
Netanyahu tries to soothe a rift with Biden as he plans to send a government delegation to Washington after earlier cancelling the trip
Among the 24 horses Japan has sent to Dubai is impressive Riyadh Dirt Sprint winner Remake who eyes a Middle East double