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Business

ABK named ‘Best Commercial Bank in Kuwait’ – CEO Accad wins ‘Banker of the Year’ award from the Banker ME

KUWAIT CITY, May 15: Al Ahli Bank of Kuwait (ABK) recently announced that it received the ‘Best Commercial Bank in Kuwait’ award by  Banker ME, …

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KIB wins prestigious award from WUAB – Al-Dawli named ‘Best Islamic Bank with Diversified Services and Innovative Products’

KUWAIT CITY, May 15: Kuwait International Bank (KIB) continues its proven track record locally and regionally by adding a new triumph to its achievements; the …

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Kuwait’s index retreats 19.81 pts; volume dips – Americana dives 80 fils; KFH ticks up

KUWAIT CITY, May 15: Kuwait stocks swung lower on Sunday after eking modest gains during the previous week. The price index pared back steeper early …

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NBK’s Board of Directors OKs 6.5 pct capital increase – Subscription period set to start on May 18, and close on June 16

KUWAIT CITY, May 15: National Bank of Kuwait announced that its Board of Directors approved calling-in the bank’s planned 6.5 percent rights issue with the …

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NREC Q1 net profit up 9.8 pct to KD 3.6 mln – EBITDA rises 1.9% to KD 4.5 mln in first quarter

KUWAIT CITY, May 14: National Real Estate Company (NREC), a leading regional developer with development projects exceeding $1 billion in Egypt and the UAE, announced …

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ABK posts operating profit of KD 22.1 mln in Q1 – Total assets up 26.3% to KD 4.5bn; EPS 5 fils

KUWAIT CITY, May 14: Al Ahli Bank of Kuwait (ABK) today announced an operating profit of KD 22.1 million for the first quarter of 2016, …

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OPEC ‘will’ stay strong – Oil demand rising

According to recent reports in international media, OPEC is on the verge of breaking up. They claim that this oil organization will no longer be …

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Moody’s confirms Kuwait’s Aa2 govt issuer rating – Negative outlook

KUWAIT CITY, May 14, (KUNA): Moody’s has confirmed the Aa2 ratings of Kuwait, Qatar, the United Arab Emirates and Qatar but assigned negative rating outlooks, …

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OPEC signals greater oil glut in 2016 – Forecast decline in non-OPEC supply is uncertain

LONDON, May 13, (Agencies): OPEC said the global oil market is oversupplied and signalled the glut may increase this year, as surging output from its …

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IMF warns of hit to economy, markets from Brexit – Lagarde backs BoE view on recession risk

LONDON, May 13, (RTRS): International Monetary Fund chief Christine Lagarde said on Friday there were no economic positives to Britain leaving the European Union and …

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