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Business

KFH posts ‘historic’ net profit for shareholders of KD 162.1m for Q1 ’23, an increase of 133.2%

KUWAIT CITY, April 30: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported historic net …

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MoE to issue 150 tenders for printing of school text books

KUWAIT CITY, April 30: The Ministry of Education intends to issue about 150 tenders for printing books for the 2023/2024 academic year, of which 80 …

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Chinese firms await MPW nod to repair Kuwaiti roads

KUWAIT CITY, April 30: The Chinese Ambassador to Kuwait, Zhang Jianwei, disclosed “between 40 and 50 Kuwaitis speak the Chinese language, some of whom learned …

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Kuwait’s Al-Zour eighth largest refinery in world

KUWAIT CITY, April 30: The Kuwaiti Al-Zour refinery ranked eighth on Global Data’s list of the 10 largest oil refineries in the world, with a …

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Kuwait banking sector records highest growth in total assets

KUWAIT CITY, April 29: With banks looking to navigate through pandemic driven difficulties toward economic recovery and stability, KPMG published the eighth edition of its …

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Kuwait Airways income up 24%

KUWAIT CITY, April 29: Income of Kuwait Airways grew by 24 percent in Q1 2023 compared to last year’s same period, the national airways declared …

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Suits on Credit Suisse over failures

KUWAIT CITY, April 29: According to informed sources, the Public Institution for Social Security has given permission to at least two of its foreign portfolio …

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AUB reports KD 11.9 million net profits for 1Q

Total Assets stand at KD 4.7 billion of 31 December 2022 KUWAIT CITY, April 27: Ahli United Bank (AUB) announced its results for the first …

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100 million dinars total loans disbursed in Q1 of 2023: KCB

KUWAIT CITY, April 27: Kuwait Credit Bank said that the total loans disbursed by the bank amounted to 100 million Kuwaiti dinars (about 330 million …

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Kuwait growth likely to tank in ’23

KUWAIT CITY, April 27: The economic growth is declining in Kuwait this year at a much greater rate, to 1.5%, and that growth is also …

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