National Bank of Kuwait (NBK), a leading bank in Kuwait, said it has successfully arranged a $1.43 billion loan in co-ordination with other local commercial banks to finance the first phase of the Az-Zour North Power and Desalination Project in
Kuwait's bank credit increased by KD391 million ($1.37 billion) in October, pushing year-on-year growth to 7.8 per cent and marking the largest monthly gain in five years, a report said.
October’s data confirms the accel
The earnings of Kuwaiti listed companies for the first nine months surged 14 per cent to hit KD1.16 billion ($4.09 billion) when compared to the same period last year, said a report.
The financial results of Kuwaiti listed compani
Dubai’s successful bid to host World Expo 2020 will generate about $23 billion of output (25 per cent of the emirate’s current GDP) between 2015 and 2021, a report said.
Dubai’s real non-oil growth rate is curren
Al Watany Bank of Egypt (AWB), a subsidiary of National Bank of Kuwait Group (NBK), has reported net profits of EGP259 million ($37.5 million) in the first nine months of the year, up 13.4 per cent year-on-year (YOY).
National Bank of Kuwait (NBK), the country's largest lender, reported a 13.2 per cent fall in its nine-month net profit mainly due to a one-off gain in the year-ago period, it said on Wednesday.
Net profit for the nine months
Qatar's fiscal surplus more than doubled to a record $27.4 billion - equivalent to about 14.2 per cent of GDP - during the financial year 2012/13, driven by burgeoning oil and gas revenues, said a report.
However, a pick
Real estate sales in August rose by a strong 86 per cent year-on-year (y/y) to KD223 million ($786 million), marking the highest increase in five years, a report said.
However, compared to July, August sales were down 48 per cent,
The consumer spending in Kuwait registered solid growth in the first half on the back of solid salary increases in both public and private sectors and a steady employment data, said a report by the National Bank of Kuwait (NBK).
The real estate sales in Kuwait registered a solid 72 per cent year-on-year (y/y) growth in July to hit a six-year high of KD426 million ($1.48 billion), said a report.
The sales in the residential sector for the month soared to K