Thursday 31 July 2014

NBK’s Egypt unit posts 7.3pc rise in H1 profit

Al Watany Bank of Egypt (AWB), the subsidiary of National Bank of Kuwait Group (NBK), has posted net profits of EGP173.2 million ($24.7 million) in the first half of 2013, reflecting a 7.3 per cent increase year-on-year. As of end


NBK Q1 net profit from AWB hits $18m

National Bank of Kuwait (NBK) has posted EGP103 million ($18.34 million) from Al Watany Bank (AWB) of Egypt operations during the first quarter of 2009 compared to EGP99.7  million during the same period of 2008, marking a rise of 3.4 per cen


NBK offers Zain services in Egypt

National Bank of Kuwait (NBK), the leading bank in Kuwait and the highest rated bank in the Middle East, has launched its services in Egypt through Al Watany Bank (AWB)  branches. The most important of which is to make available the s


Iraq sees Australian wheat imports

Iraq has agreed with Australia to resume wheat sales by mid-next year in a step that could help the top exporter regain its decades of dominance in a major Middle East market, officials and trade sources said. They said the move was agreed


Class action filed against AWB in Iraq wheat case

AWB Ltd, Australia's main wheat exporter, said on Friday a new class action had been filed against it and its US subsidiary in a US district court by lawyers acting for Iraqi citizens. The action, which also names French bank BNP Paribas a

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