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Global Investment House seeks further delay on debt repayment

Kuwait's Global Investment House has said it would ask creditors to further extend a deadline for repaying debt to November from June, as part of a restructuring proposal it plans to submit soon, Reuters has reported. It has asked for the repayment deadline to be pushed to November 10 instead of June 10, the firm said. "The main point is that Global is progressing in its negotiations with lenders," it said.