Sunday 13 July 2014
 
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NBK

NBK, Al Khorayef in $56.8m financing deal

National Bank of Kuwait (NBK) and Saudi Arabia-based Al Khorayef Group have signed a financing deal to arrange $56.8 million syndicated facilities with a tenor of five and a half years.   The facilities will be u

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NBK-Egypt Q1 net profit up 12pc

National Bank of Kuwait said its Egyptian subsidiary reported net profits of EGP 97 million in the first quarter, up 12 per cent compared to EGP 86.6 million in the same period last year. The bank's total assets increased by 2

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Sovereign GCC yields witness steady decline

The GCC debt markets experienced modest growth in the first quarter of 2014 on weaker private sector issuance and large maturing sovereign debt, said a report. Sovereign GCC yields have declined over the last quarter on the back o

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NBK honours former chief executive

National Bank of Kuwait (NBK) recently honoured Ibrahim Dabdoub, NBK ex-Group chief executive officer, for his 53 years of excellence at NBK. The honouring ceremony was attended by Anas Al Saleh, Kuwait Minister of Finance, Dr Moh

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IEA slashes global oil demand growth forecast

The International Energy Agency (IEA) has revised upwards its forecast for global oil demand growth in 2014 to a modest 1.5 per cent on the back of a more robust outlook for global economic growth, a report said. The IEA now sees

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NBK profit edges up 3.2pc to $298m in Q1

National Bank of Kuwait (NBK), the largest Kuwaiti bank, reported net profits of $298 million in the first quarter (Q1) of 2014 compared with $289 million in the same period last year, marking a 3.2 per cent increase year-on-year.

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NBK opens new UAE head office in Dubai

National Bank of Kuwait (NBK) has opened its new head office in the United Arab Emirates in Dubai under the patronage of the Central Bank of the UAE. The ribbon cutting ceremony was attended by the chairman of the UAE Banking Fede

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Al Sager named NBK group CEO

The board of directors of National Bank of Kuwait (NBK) Group has appointed Isam Jasem Al Sager as NBK Group chief executive officer. Al Sager succeeds Ibrahim Shukri Dabdoub, who will retire after the upcoming general assembly meeting.

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NBK Q4 net profit drops 48pc

National Bank of Kuwait, the Gulf state's largest commercial lender, widely missed analysts' expectations as it posted a 48 per cent drop in fourth-quarter net profit, Reuters calculated. The net profit was $142 million in

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NBK Capital advises Mezzan on key acquisition

NBK Capital, a subsidiary of the National Bank of Kuwait (NBK) said it advised Kuwaiti conglomerate Mezzan Holding Company in its recent acquisition of UAE-based Unitra Mets Group (UMG), a leading beverage distributor. Mezzan acqu

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