Tuesday 4 August 2015
 
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NBK

NBK net profit increases 12.8pc to $541m

National Bank of Kuwait (NBK) has reported net profits of $541 million (KD163.4 million) for the first half of the year, compared with $479.4 million for the same period last year,  up 12.8 per cent year-on-year. The NBK Grou

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Kuwait non-oil growth steady at 5pc

Kuwait’s non-oil growth will maintain a steady 5 per cent in 2015 and 2016 as project implementation improves, a report said. Kuwait’s economic growth is set to maintain a healthy pace despite last year’s collaps

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Kuwait non-oil growth steady at 5pc

Kuwait’s non-oil growth will maintain a steady 5 per cent in 2015 and 2016 as project implementation improves, a report said. Kuwait’s economic growth is set to maintain a healthy pace despite last year’s collaps

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Mezzan’s oversubscribed offering raises $217m

Leading manufacturer and distributor of food, beverage, FMCG and pharmaceutical products in the Gulf Mezzan Holding’s private placement of a secondary offering of 30 per cent has been oversubscribed more than two times. The

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Kuwait’s credit growth fails to resume strength

Kuwait’s resident credit growth improved to KD96 million ($317 million) in February, remaining relatively modest, with growth rising slightly to 6.4 per cent year-on-year (y/y), a report said. Growth in household borrowing w

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Kuwait’s trade surplus down 18pc over cheap oil

Kuwait’s trade surplus slipped in 2014 for the first time in six years, falling by 18 per cent to KS19.8 billion ($65.5 billion), mainly due to lower oil export receipts, a report said. A decline in non-oil export earnings a

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NBK Q1 net profit up on Qatar stake sale

National Bank of Kuwait (NBK), the country's largest commercial lender, reported a 15 per cent rise in first-quarter net profit, according to a bourse filing on Tuesday, boosted by income from the sale of its stake in a Qatari bank.

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Kuwait's real estate sales down for second month

The sales in Kuwait’s real estate market were down in January for the second consecutive month hitting KD312 million ($1.04 billion) on slower residential and investment sector activity, said a report. Compared to the same m

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NBK Q4 net profit rises 46pc to $197m

National Bank of Kuwait, the country’s largest commercial lender, reported a net profit of KD57.9 million ($197.2 million) in the fourth quarter of 2014, compared to KD39.6 million a year ago, marking an increase of 46.4 per cent.

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Saudi Arabia plans high-profile projects worth $1.1trn

Infrastructure investments worth $1.1 trillion are envisaged on a range of high-profile projects in Saudi Arabia, a report said. These include the Riyadh and Makkah metros, worth $23 billion and $7 billion, respectively, the King

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