Monday 20 April 2015
 
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NBK

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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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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Saudi Arabia to maintain robust non-oil growth

Spearheaded by the government’s investment and diversification plan, Saudi Arabia’s non-oil economy will maintain its positive growth trajectory and post increases of 5 per cent in 2015 and 2016, a report said. Governm

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New CEO for NBK Kuwait

National Bank of Kuwait (NBK) Group, a leading bank of Kuwait, has announced the appointment of Salah Al Fulaij as the new chief executive officer of NBK- Kuwait. Al Fulaij had been the CEO of NBK Capital, NBK’s investment b

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Kuwait inflation seen at 3pc for 2014

Despite a marginal uptick in the consumer price index (CPI) in November, Kuwait’s inflation remained largely subdued during 2014 and is expected to end the year at an average of 3 per cent, a report said. The main source of

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NBK Q3 profit down 16pc despite revenue rise

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. It gave

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Kuwait real estate sales down 6.7pc in August

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

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