Business

Banking sector profits witness increase in last 2 years: report

Experts cite multiple reasons for jump in income KUWAIT CITY, July 25: According to fi- nancial indexes, the profits of the banking sector in Kuwait have been increasing in the last two years. A number of banking experts were interviewed and they explained the reasons behind the increase in the …

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Kuwait, UK ink air services agreement

LONDON, July 24, (KUNA): Kuwait and Britain signed in London Tuesday an agreement that would organize air services between the two countries. This agreement is very important for Britain which is getting ready to leave the European Union (EU), British Transport Secretary Chris Grayling told KUNA after signing the deal …

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KIB reports KD 12 million net profit for H1, 2018

Earnings per share clocks 12.82 fils KUWAIT CITY, July 24: Kuwait International Bank (KIB) reported a net profit of KD 12 million attributable to shareholders and earnings per share at 12.82 fils for the first half of 2018. Net profit increased by 10% compared to similar period last year. Total …

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AUB reports KD 29.0 million net profit for H1, 2018

Bank’s operating profits grow by 13.7 pct KUWAIT CITY, July 24: Ahli United Bank (AUB) reported a net profit for the first half of 2018 amounting to KD 29.0 million compared to KD 26.5 million during the same period last year, refl ecting a 9.4% growth. Earnings per share (EPS) …

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KFH reports KD 95.22m net profit in H1, 2018

KUWAIT CITY, July 23: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported net profits to shareholders of KD 95.22 million for the first half of 2018 for KFH shareholders compared to KD 81.64 million for the same period last …

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VIVA posts KD 23.8m net profi t in H1, 2018

Revenues reach KD 149.1 million KUWAIT CITY, July 23: VIVA, Kuwait’s fastestgrowing and most developed telecom operator, announced the financial results for six-month period ended June 30, 2018; whereby VIVA’s net profit grew to reach KD 23.8 million recording growth of 21 percent compared to the same period in 2017. …

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Current price of oil reflects level of demand and supply in market

OPEC plays vital role in controlling prices KUWAIT CITY, July 23: Oil expert Muhammad Al-Shatti is of the view that the current price of oil reflects the level of demand and supply in the market, coupled with recovery of Libyan oil production and announcement by OPEC members and other oil …

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Kuwait’s sovereign fund UK unit said to buy oil, gas pipeline firm

Bid beats JP Morgan, Blackstone LONDON, July 23, (RTRS): The British infrastructure arm of Kuwait’s sovereign wealth fund has agreed to buy oil and gas pipeline firm North Sea Midstream Partners (NSMP) for around £1.3 billion ($1.7 billion) from ArcLight Capital, according to two sources. Wren House, the London-based infrastructure …

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KFH eyes strategic option with AUB-Bahrain

KUWAIT CITY, July 22: Kuwait Finance House (KFH) Chairman Hamad Abdulmohsen Al- Marzouq said the Bank is currently deliberating with Ahli United Bank – Bahrain (AUB), the possibility of creating one of the largest Islamic banks in the Middle East. This step comes in line with KFH’s strategy of growth …

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KIPCO continues its support for ‘The Protégés’

A trip to exercise students’ mind and body KUWAIT CITY, July 22: announcing for the sixth consecutive year, Kuwait Projects Company (Holding) (KIPCO) will be joining The Protégés as a strategic partner on their annual trip this year taking place in Swansea, Wales represented by Ms Abeer Al Omar Director …

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