Tuesday 22 July 2014
 
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Kuwait bank

Kuwait's Investment Dar reaches key debt agreement

The indebted Kuwaiti shareholder of British luxury carmaker Aston Martin has persuaded just under a third of its creditors to accept a debt restructuring deal that offers them shares in a portfolio of its assets, its financial advisor said.

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Kuwait bank staff rally for better pay

Several dozen of Kuwait Central Bank employees held a demonstration on Wednesday, demanding improved employment and financial conditions, the latest in a wave of strikes by government employees in the Gulf state. 'Central bank employee

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Kuwait bank staff rally for better pay

Several dozen of Kuwait Central Bank employees held a demonstration on Wednesday, demanding improved employment and financial conditions, the latest in a wave of strikes by government employees in the Gulf state. 'Central bank employee

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Kuwait bank gets more time for Dar debt plan

A Kuwaiti court has given the country's central bank four more months to submit a report on the debt restructuring plan of Islamic firm Investment Dar, the company said. Investment Dar, which owns half of British carmaker Aston Martin,

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Kuwait banks under pressure

Kuwaiti banks are coming under increased stress due to contraction in the local economy and exposure to risky asset classes, Fitch said in a special report. The Fitch report entitled 'Kuwaiti Banks: Annual Review and Outlook', stat

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Burgan Bank Q3 profit rises 34pc

Kuwait's Burgan Bank, a unit of investment firm Kuwait Projects Co (Kicpo), posted a 34 per cent increase in third-quarter net profit. Net profit for the three months to Sept. 30 amounted to 19.36 million dinars ($72.29 million), or 20.5 f

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Kuwait bank rates rise as investors quit dinar

Interest rates on the Kuwait interbank market jumped on Thursday as investor pulled out of the dinar after the central bank allowed the currency to depreciate for the first time in at least four years. The one-month Kuwait Interbank Offere

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