Ticker	Volume	Price	Price Delta
DJIA	15,387.60	+52.30	0.34%
S&P 500	1,669.16	+2.87	0.17%
Nasdaq	3,502.12	+5.69	0.16%

Ticker

Volume

Price

Price Delta

DJIA

15,387.60

+52.30

0.34%

S&P 500

1,669.16

+2.87

0.17%

Nasdaq

3,502.12

+5.69

0.16%

Ticker	Volume	Price	Price Delta
STOXX 50	2,818.81	-2.84	-0.10%
FTSE 100	6,785.96	-17.91	-0.26%
DAX	8,455.41	-16.79	-0.20%

Ticker

Volume

Price

Price Delta

STOXX 50

2,818.81

-2.84

-0.10%

FTSE 100

6,785.96

-17.91

-0.26%

DAX

8,455.41

-16.79

-0.20%

Ticker	Volume	Price	Price Delta
Nikkei	15,627.30	+246.24	1.60%
Hang Seng	23,245.70	-120.72	-0.52%
S&P/ASX 200	5,165.37	-14.69	-0.28%

Ticker

Volume

Price

Price Delta

Nikkei

15,627.30

+246.24

1.60%

Hang Seng

23,245.70

-120.72

-0.52%

S&P/ASX 200

5,165.37

-14.69

-0.28%

Gulf General Defaulted on $139.8 Million in Bank Loan Repayments

By Alaa Shahine - 2011-08-16T05:05:10Z

Gulf General Investments Co., a Dubai-based investment company, said it defaulted on the repayment of 513.5 million dirhams ($139.8 million) in bank loans as of June 30.

The company said in May that it had defaulted on the repayment of 489.2 million dirhams as of March 30. “The company’s initiation of restructuring the debt due to the banks is in advanced progress,” it said in a statement to the Dubai bourse yesterday.

“The non-current portion of the defaulted loans as at June 30 amounting to 438.8 million dirhams was reclassified in the condensed consolidated financial statements as current liabilities,” the company said.

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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