National Bank of Kuwait (NBK), the Gulf Arab state's largest commercial lender, reported a 15.6 per cent drop in third-quarter net profit on Wednesday, missing analysts' expectations despite an increase in revenue.
Real estate sales in Kuwait declined for the second month in a row to KD250 million ($862.5 million) in August, a drop of 6.7 per cent month-on-month, a report said.
Real estate activity is traditionally muted in August when much
National Bank of Kuwait (NBK) has agreed to sell its 30 per cent stake in its Qatari associate, International Bank of Qatar (IBQ), to Qatari investors in a transaction worth $538 million (KD155 million), at a $87 million profit.
National Bank of Kuwait (NBK) has been selected as the “Safest Commercial Bank” in the Arab World and ranked 23rd among the World’s Top 50 Safest Commercial Banks in 2014 in a survey.
NBK also maintained its rank
National Bank of Kuwait (NBK) has been selected the "Safest Commercial Bank in the Arab World" and ranked 23rd among the "World's Top 50 Safest Commercial Banks in 2014", by Global Finance magazine.
The real estate sales in Kuwait fell 37 per cent year-on-year (y/y) in July to KD268 million ($941 million) compared to last year, according to a report.
The sales plunged by 49 per cent compared to June, which was a record
The board of directors of National Bank of Kuwait (NBK) has elected Nasser Musaed Al-Sayer as the chairman of NBK Group following the demise of the long-serving chairman Mohammad Abdul Rahman Al-Bahar.
The board also elected Ghass
Bahrain Bourse (BHB) was the best performing market in the second quarter, gaining 5.2 per cent, followed by Oman's stock market with a 2.2 per cent gain, according to National Bank of Kuwait (NBK) research.
The Saudi market w
National Bank of Kuwait (NBK) has reported $514 million in net profits for the first half of the year, as compared to $456 million for the same period last year, a year-on-year rise of 12.6 per cent.
The NBK Gr
National Bank of Kuwait (NBK) has participated in financing Kuwait Petroleum International’s (KPI) recent acquisition of Shell’s Italian assets.
NBK is the only Arab and Kuwaiti bank participating in this financing, sa