Tuesday , January 23 2018

Business

Gulf Bank records 10 percent rise in net profit for H1 2017 – Operating profit soars 8.2% to KD 60.5 million

KUWAIT CITY, July 18: Gulf Bank KSCP announced on Tuesday its financial results for the first half of 2017. The Bank recorded a net profit of KD 22.8 million in the first 6 months of 2017, an increase of 10% over the same period of 2016. The Bank was able …

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Al-Tijari reports operating profit of KD 53.2 mln for H1 – Total assets reach KD 4,164.0 million at end of June 2017

KUWAIT CITY, July 18: Commercial Bank of Kuwait announced its financial results for the half year ended June 30, 2017. Commenting on the financial results, Ali Al Mousa the bank’s Chairman said that the Bank’s total assets reached KD 4,164.0 million at the end of June 2017 (compared with KD …

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Kuwait bourse closes up in choppy session – Agility rallies 31 fils; Humansoft Holding dips

KUWAIT CITY, July 18: Kuwait stocks headed north on Tuesday after slipping into shallow trough in the last session. The price index rose 12.2 points in choppy trade to 6,813.11 pts helped by renewed buying in select counters. The heavyweights largely ended in the positive territory. The KSX 15 benchmark …

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ABK records H1 net profit of KD 16.2 mln – EPS clocks 10 fils; total assets reach KD 4.33 billion

KUWAIT CITY, July 17: Building on its positive results for the first quarter of 2017, Al Ahli Bank of Kuwait today announced a net profit of KD 16.2 million for the first half of 2017, marking a 7.7% growth. Operating profit reached KD 46.8 million compared to KD 44.2 million …

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KIB achieves KD 11 mln net profit for H1 – Bank continues to deliver strong performance in spite of economic challenges: Al-Jarrah

KUWAIT CITY, July 17: Kuwait International Bank (KIB) reported a net profit of KD 11 million with earnings per share (EPS) reaching 11.69 fils during the first half of 2017 while registering total operating income of KD 31 million. Chairman of KIB, Sheikh Mohammed Jarrah Al-Sabah, noted that the Bank’s …

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Kuwait bourse closes in red; volume surges – NBK slips 4 fils; Humansoft retreats

KUWAIT CITY, July 17: Kuwait stocks sagged on Monday partly reversing last session’s gains. The bourse fell 7.97 pts in choppy trade to 6,800.91 pts even as investors digested the first half results. The broader sentiment however remained mixed.. The KSX 15 benchmark edged 0.17 pts higher to 924.76 points …

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KFH posts KD 81.6 mln net profit in H1 2017 – Earnings per share 14.37 fils, an increase of 15.1 pct

KUWAIT CITY, July 16, 2017: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that “KFH has, by the grace of Allah, realized a KD 81.6 million net profit for the first half of 2017 for KFH shareholders compared to KD 70.9 million for the same period last year …

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Kuwait index kicks-off week with modest gain – Ooredoo climbs 32 fils; NAPESCO dips

KUWAIT CITY, July 16: Kuwait stocks headed north on Sunday as it kicked off the week on a cheery note. The price index climbed 20.4 pts in choppy trade to 6,808.88 points after snapping the gaining spree in the last session. The bank shares closed mostly in green while other …

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US shale to ‘attack’ OPEC oil customers

By 2018, US shale oil will become one of the top ten exporters of oil in the world. Its export volume could reach more than 2,800 million barrels per day. It could become the highest exporter of oil to the United Kingdom, which is higher than any of OPEC member, …

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Major cenbanks finally nudge their stances; impact rates, FX – Risk factors remain in background

KUWAIT CITY, July 15: Midyear, things are proceeding more or less as expected back in January. Economic growth is holding up well in most economies. Politics are not much of an impediment, though risk factors remain in the background and may be rising. Brexit negotiations are still a question mark, …

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