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Global Investment House (Global) is an investment company incorporated in 1998, and falls under the regulation of the Central Bank of Kuwait. In late 2008 and early 2009 Global was hit by cash flow problems affecting its operations in several countries. Kuwait's Global Investment House 2010 loss $260 million.〔()〕 Today, Global stock lists on the (Kuwait )(delisting at 19 June 2013), (Bahrain ), with branches and affiliates in Bahrain, Dubai and Abu Dhabi (UAE), Jordan, Qatar, Turkey and Saudi Arabia. They immediately reduced their workforce by 30% in Feb 2009 after defaulting their loan payments. ==Media and Industry Reports== Global’s current assets under management has reduced to KD 1 billion (USD3.6 billion) as at 31st Dec 2010. For the third consecutive year, Euromoney magazine awarded Global this year’s Award for Excellence as the “Best Investment Bank in Kuwait 2007”. In 2008 Global introduced several new funds during year among them are Asia Real Estate Fund, a Shari’a compliant fund, the Palestine Dedicated Fund, the first of its kind in the region. The Company still struggles with mark-to-market losses due to its proprietary investments although these are slowly being divested. The proprietary assets (including property) have been ring fenced in a Bahrain-based Fund with the assets pledged to the creditors. The value of these assets are independently valued on a regular basis however the assets are long term investments that need time to mature before they can be sold. The ongoing litigation with The National Bank of Umm Al Qaiwain remains outstanding with a potential amount of about US$ 300mm being recoverable. The ongoing litigation remains outstanding as of July 2012 (with the decision once agin being the subject of an appeal) with the firm (and the creditors) desperately holding onto the hope of one day receiving these monies. Fee-generative business lines continue to suffer both in terms of the general ongoing financial crisis and in terms of a general under performance of the Kuwait market. The lack of Government support for the Financial Sector as a whole has hurt the fledgling Investment Banking industry within Kuwait (see Investment Dar) and this stance is not likely to change in the near term. Recent events (as on July 2012) have seen the presence of the company in Bahrain cut in half (both in terms of floor space and staff). Recent media reports have confirmed reductions in staff headcount but in overall terms the costs savings will be minimal when compared to the outstanding liabilities due to creditors. As of July 2012 the firm continues to reduce staff but steadfastly refuses to entertain the idea of relocating from its existing premises which are now more than 1/2 empty. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Global Investment House」の詳細全文を読む スポンサード リンク
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