August 10, 2009

Global Investment House Q2 loss at US$101m

KUWAIT: Kuwait’s Global Investment House reported a net loss of 29 million dinars (US$101.1 million) in the second quarter, on investment losses and losses of associates. Global, which defaulted on most of its debt earlier this year, is among the largest investment companies in the Gulf Arab state to face problems amid tight credit conditions. First-half net loss came in at 98.6 million dinars, compared with a net profit of 82.2 million dinars in the year-earlier period, Global said in a statement yesterday. -- Reuters

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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