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Arab Times

Gulf Bank posts 15% rise in Q1 net profit

Net interest income soars 23% to KD 36.8 million KUWAIT CITY, May 1: Gulf Bank KSCP announced its financial results for the first quarter of 2018. The Bank recorded a net profit of KD 10.8 million, an increase of 15 percent over the same period in 2017. The Bank generated …

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Kuwait accounts for 6% of Islamic banking assets: Al-Awadhi

CBK proactive in strengthening supervision to ensure financial stability Following is the opening address by Waleed Al-Awadhi, Executive Director, Supervision Sector, Central Bank of Kuwait at the CBKIFSB conference on Islamic finance in Kuwait City. — Editor Excellencies, Governors of central banks and monetary authorities, Dr Bello Lawal Danabatta, Secretary- …

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Al-Tijari logs KD 10.1mn net profit for Q1 of 2018

Total assets reach KD 4,291 million KUWAIT CITY, May 1: Commercial Bank of Kuwait announced a net profit of KD 10.1 million for the first quarter of 2018, compared to KD 0.8 million for the same period of 2017. The bank witnessed a healthy growth in all the key areas …

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Al-Qurain wins overall trophy of local squash championships

Al-Qurain SC was declared winner of the overall trophy of local squash championships of 2017- 2018 season after scoring 37 points. In the latest tournament, the Federation Cup Al-Qurain grabbed the gold medals of the U-17, U-15, and U-13 categories and the bronze medal of U-19. In statements to reporters …

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Visa restriction – Bringing wife on Visit visa can I get on Dependent visa later before 6 mnts?

I have small question and I need your support. I am planning to get my wife on tourist visa to Kuwait and after 90 days she will go back to my home country and after a couple of weeks I’m planning to bring her on family visa or dependent visa. …

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In order to avoid recurrence of Iranian Versailles crisis

THE nuclear deal between Iran and six world powers is not different from the Treaty of Versailles signed in 1919. This treaty did not last for more than 20 years before Germany managed to revive itself after the Nazis took over power in the 1930s. They remilitarized the society and …

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Al Qassem All Stars demolish ‘X’ Strikers

Asian Air Safari, Pin Pals dominate rivals KUWAIT CITY, May 1: Al Qassem All Stars patriarch Fadel Qassem (606) and Ibrahim Al Jadi (615) powered their team to snatched the second spot from sixth position when they demolished ‘X’ Strikers 3,048-2,687 in the third week of the PBAK-2018 Friendship Cup …

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Philippine labor secretary Silvestre Bello due to Kuwait to resolve crisis

MANILA, May 1, (Agencies): The Philippines Labor Secretary Silvestre Bello III is set to fly to Kuwait on May 7 to what the Philippines government said “iron out” differences with the Kuwaiti government and rekindle warm ties, according to UNTV news. The presidential spokesman Harry Roque in a press briefing …

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How to ruin what you have built?

AFTER years of strenuous efforts, the National Assembly approved in 2015 the law on the Establishment of the Financial Control Department which was to be reporting to the minister of finance and headed by an official in the capacity of a minister. The aim of the department was to control …

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‘Kuwait witnessing a black market of domestic workers’ – KD 80 to KD 100

Clients find prices irresistible KUWAIT CITY, May 1: Amid the ongoing issue of domestic workers in Kuwait, especially the recent escalation of crisis that led to a ban on the recruitment of workers from the Philippines, the country is now witness to a black market of domestic workers schemed by …

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