Middle East business information

Kuwait-based investment bank, Global Investment House (GIH) has reported a third-quarter loss of KD5.6m, compared to a profit of KD20.66m in the same period last year, Bloomberg has reported. GIH, which had defaulted on loan repayments, expects to pay its outstanding bonds of KD89.5m on schedule, but has some KD500m ($1.75bn) of debt which needs restructuring, the lender said.