Good morning, i was supposed to fly on BA to London at 8:15am, but here comes our beautiful freaky weather again to delay my flight… An6er.. Ma warana shay!

source

whats wrong with this guy?

        2007                               2008                                                                

ادنك

اجمالي حقوق المساهمين           29.790.138          57.246.081‏

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مركز مالي

اجمالي حقوق المساهمين          76.727.000          131.236.000

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انابيب

اجمالي حقوق المساهمين           43,791,315            86,900,518

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اسمنت

اجمالي حقوق المساهمين        133,339,326           302,710,562

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ايكاروس

اجمالي حقوق المساهمين        62,478,595             188,279,168 

these are just some announcements and i believe we’ll soon see some bankruptcy announcements in the second quarter, if not within the next few days.

In my opinion, if the government did not move to help the companies and admit  that the companies are facing real problems and by companies i mean all the other sectors and stop acting as the private sector is only in banking, almanakh crisis would sound like  good old days.

مجلس الوزراء يقر مرسوم ضرورة لقانون

تعزيز الوضع الاقتصادي

Kuwaitnews SMS

It took them long time to take this step! as I know this will help all the banks to give more loans out to circulate the huge amount of cash they have now and cant even pay it’s interest by the end of 2009. so we may expect a new large volume wave on the banks with their undervalued prices it’ll sure jump back up.. and again im mentioning the banking sector only. since most of the companies which are not under the supervision of the CBK will not benefit from it unless it accepts all the restrictions that the Central bank and “dewan elmo7asiba” will impose on them.

UPDATE:

مصدر حكومي: قانون تعزيز الاستقرار الاقتصادي لا يتضمن تعديلات “الشعبي”