Kuwait's Global Investment House said it is seeking arbitration over disputes with two local firms over about $50.2 million (Dh184.37m). Global is seeking arbitration from Kuwait's chamber of commerce and industry for a dispute with Kuwait City Holding over KD11.57 million (Dh147m, $40.19m) for an agreement that both firms signed in 2008, Global said in a statement on the Kuwaiti bourse website yesterday. In a separate statement yesterday, Global said it was also seeking arbitration for a dispute with Al Madina for Finance & Investment over $10m that Madina was to pay to Global in December 2008. The verdict on the disputes will be announced on April 1, it said. Later yesterday, Madina issued a statement on the Dubai bourse saying that the firm has tried to solve the dispute with Global, but the latter went for arbitration. Madina said it had filed a court case against Global arguing arbitration would not be appropriate in its dispute. Global is one of the Gulf Arab state's biggest investment firms.