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Friday , February 3 2023

Business

Private housing sector in Kuwait saw remarkable decline in prices

Total real estate transactions at end of last year fall by 14% KUWAIT CITY, Feb 2: The private housing sector in different regions of the …

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Gulf Banks net profits jumped 46.8% to 61.8 million Kuwaiti Dinars

Gulf Bank recommends the distribution of 10% cash dividends and 5% bonus shares for 2022. Jassim Mustafa Boodai Mr. Jassim Mustafa Boodai: The bank’s financial …

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Chinese company wins soil remediation contract

KUWAIT CITY, Feb 1: China’s Zaopin Hangzhou, in partnership with the Contractor General Trading & Contracting Co. has been awarded the contract to treat the …

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Kuwaiti banking sector at A1 with stable outlook: Moody’s

‘Kuwait’s oil production expected to expand until 2027’ KUWAIT CITY, Feb 1: According to Moody’s credit rating agency, Gulf banks entered the year 2023 with …

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20 new destinations on cards – Kuwait Airways Corporation to expand services

KUWAIT CITY, Jan 31: In order to meet the needs of customers, and to give them wide options to visit various countries of the world, …

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Without funding for KOC projects, Kuwait might lose huge oil profits

KUWAIT CITY, Jan 31: Oil sources have warned that Kuwait will lose about USD 10 billion of its oil revenues within a year, unless a …

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Kuwait budget deficit for FY ’23-’24 to pass KD 5b

KUWAIT CITY, Jan 31: The Ministry of Finance said that the expected deficit in the State’s general budget for the next fiscal year (2023-2024) is …

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‘NBK achieved highest annual profits in Bank’s history’

Al-Sager highlights Group’s stellar performance in 2022 Isam Al-Sager Vice Chairman and Group CEO National Bank of Kuwait KUWAIT CITY, Jan 31: Isam Al-Sager, Vice …

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Bids opened for road, infrastructure of South Sabah Al-Ahmad project

‘14 companies bid; lowest bidder to win contract’ A newly-built house in the area KUWAIT CITY, Jan 30: After waiting for more than five years, …

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NBK reports KD 509.1 mln net profits for 2022

KUWAIT CITY, Jan 29: National Bank of Kuwait (NBK) released its results for the twelve months period ended December 31, 2022. The Bank recorded a …

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