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Business

Commerical bank of Kuwait holds its AGM – CBK now among the best local banks in profitability ratios; logs KD 55.4mn in 2017

Message from Ali Mousa Al Mousa, Chairman of Commercial Bank of Kuwait during the General Assembly Meeting In the name of Allah the Most Gracious, …

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Philippine banks on alert after cyber attack at Malaysia central bank

MANILA, March 31 (Reuters) – The Philippine central bank has sounded an alert to local financial institutions following a cyber attack at the Malaysian central …

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KFAED signs KD 23 million loan agreements with Dhaka, Djibouti – Deals to finance development projects

KUWAIT CITY, March 28, (KUNA): Kuwait Fund for Arab Economic Development (KFAED) signed two loan agreements with Bangladesh and Djibouti, totaling KD 23 million (about …

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H’wood hopes to cash in as Saudi Arabia lifts ban on theaters – ME exhibitor Cinemacity to enter Saudi Arabia theater-building derby

LOS ANGELES, March 28, (RTRS): Hollywood is falling head over heels for the Kingdom of Saudi Arabia. The Middle Eastern nation is lifting a 35-year …

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Zain holds AGM, OKs cash dividend of 35 fils – Two new members elected to Board of Directors; Al Tahous, Chairman and Al-Kharafi as Vice-Chairman and Group CEO

KUWAIT CITY, March 28: Zain Group, the leading mobile telecom innovator in eight markets across the Middle East and Africa announces the holding of its …

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KGL Logistics reports KD 5.9 mln net profit – BoD proposes distribution of 5% bonus shares

KUWAIT CITY, March 28: The Board of Directors of KGL Logistics held a meeting to approve the financial statements for the fiscal year that ended …

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Kuwait’s GDP rose by 8.7% in 2017 at current prices – Contribution of oil sector soars to 47.5% at current prices during fourth quarter

KUWAIT CITY, March 28, (KUNA): Kuwait’s Gross Domestic Product (GDP) at current prices reached KD 36.4 billion (about $120.2 billion) in 2017, an increase of …

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Foreign investors keen on latest Kuwait bourse updates – Market heading in right direction: Al-Khaled

NEW YORK, March 27, (KUNA): Foreign investors are keen on knowing the latest updates in regards to Boursa Kuwait, said an official late Monday. Speaking …

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CBK and IFSB to organize a high-level global conference on Islamic finance – ‘Confab to highlight role of industry on broader national economic agenda’

KUWAIT CITY, March 27: The Central Bank of Kuwait (CBK) and the Islamic Financial Services Board (IFSB) are pleased to announce that they will be …

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KFH provides 200 mln euros credit facility to Limak – Bank enjoys proven track record of financing mega projects in vital sectors: Al-Nahedh

KUWAIT CITY, March 27: Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh emphasized the efficiency of Islamic finance instruments in providing …

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