Kuwait's Global Investment House (GIH) said yesterday it sold its stake in a Palestinian firm for about $17.2 million (Dh63m), the latest asset sale as the financial crisis bites.
Kuwait's biggest investment firm also said a Jordanian court has ordered to release its banks deposits seized last week and lift the suspension of its Jordanian unit over a loan dispute.
Global said last month it had defaulted on most of its debts as investment firms in oil producer Kuwait suffer from the credit crunch.
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