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Business

Zain KSA 2018 full-year net profit growth SAR 332 million

Q4 2018 net profit reached SAR 399 million Bader Al Kharafi, Zain Vice- Chairman and Group CEO, and Vice-Chairman of Zain RIYADH, Jan 27: Zain …

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KFH, AUB reach deal on preliminary exchange price of shares

New entity to become the largest bank in Kuwait and sixth largest in GCC: Al-Marzouq KUWAIT CITY, Jan 26: Kuwait Finance House (KFH) Chairman, Hamad …

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KIA through sovereign fund aims to expand ‘investment’ activities

Bid to maximize revenues for current year KUWAIT CITY, Jan 26: The Kuwait Investment Authority (KIA), through its sovereign fund, aims to expand its investment …

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Kuwait GDP climbs in Q3, says NBK – Inflation drops

KUWAIT CITY, Jan 26, (KUNA): Kuwait’s gross domestic product (GDP) rose 1.8 percent on annual basis in Q3 2018, the National Bank of Kuwait (NBK) …

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Frightening budget with a deficit of KD 7.7 billion

With a deficit of KD 7.7 billion and expenses totaling KD 22.5 billion in our new budget from April 1, our budget is not comforting …

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Kuwait, South Korea initial accord for developing residential district

Annual inflation up by 0.44 percent last Dec Kuwait, S. Korea initial accord for developing residential district KUWAIT CITY, Jan 24, (KUNA): Minister of Public …

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Plans to expand production of gas

Increase in production to greatly limit import expenses KUWAIT CITY, Jan 24: Kuwait plans to expand production of gas in the coming period, with annual …

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KFH offers 17 pct premium in merger deal with Bahrain’s AUB

First major cross-border bank deal in the Gulf region DUBAI, Jan 24, (RTRS): Kuwait Finance House agreed the terms of its merger with Bahrain’s Ahli …

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Kuwait’s Rekaaz, Qatar’s Hadara sign partnership deal

KUWAIT CITY, Jan 23: Kuwait’s Rekaaz foundation signed a partnership agreement with Qatar’s Abdullah Abdulghani Civilization integration foundation (Hadara) and Amjaad International Academy, aimed at …

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KPC affirms consultant selection to review its oil strategy for 2040

Bid to make KPC, subsidiaries more flexible KUWAIT CITY, Jan 23: In confirmation with what was published by the Al-Rai daily on Jan 20, 2018, …

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