Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Home » Archives by category » Business (Page 2)

NBK’s mobile banking, call center, ATM and online services available during holidays

Posted by on 15/07/2015
Filed under Business

NBK’s mobile banking, call center, ATM and online services available during holidays

NBK’s mobile banking, call center, ATM and online services available during holidays

KUWAIT: National Bank of Kuwait (NBK) has taken all necessary measures to ensure providing customers with the best services during the Eid Al-Fitr holiday throughout Call Center, Mobile Banking, Online and ATM services. All NBK branches will be closed starting from Friday 17th of July 2015 and will resume work on Tuesday 21st of July […]

NBK reports KD 163.4m profits for H1 2015 – 12.8% year-on-year growth

Posted by on 14/07/2015
Filed under Business

NBK reports KD 163.4m profits for H1 2015 – 12.8% year-on-year growth

NBK reports KD 163.4m profits for H1 2015 – 12.8% year-on-year growth

KUWAIT: National Bank of Kuwait (NBK) reported net profits of KD 163.4 million ($541 million) for the first half of 2015 compared with KD 144.8 million ($479.4 million) for the same period in 2014, growing 12.8 percent year-on-year. NBK Group 1Q 2015 net profits included the gain from the sale of NBK’s 30 percent stake […]

Gulf Bank posts 20% growth in profit in H1 2015 – Total shareholders’ equity increased to KD 525 million

Posted by on 14/07/2015
Filed under Business

Gulf Bank posts 20% growth in profit in H1 2015 – Total shareholders’ equity increased to KD 525 million

Gulf Bank posts 20% growth in profit in H1 2015 – Total shareholders’ equity increased to KD 525 million

KUWAIT: Gulf Bank yesterday announced a net profit of KD 18.7 million for the first half of 2015, up 20 percent from KD 15.6 million over the same period in 2014. Operating profits before provisions were KD 55.8 million against KD 53.7 million for the same period last year. The Net Interest Margin and Fee […]

Rolls-Royce ‘Wraith – Inspired By Fashion’ available to order

Posted by on 14/07/2015
Filed under Business

Rolls-Royce ‘Wraith – Inspired By Fashion’ available to order

Rolls-Royce ‘Wraith – Inspired By Fashion’ available to order

KUWAIT: Rolls-Royce Motor Cars and the world of Haute Couture have long been bound by a common philosophy – to take the very finest materials and craft them into the most exquisite and desirable luxury goods, appointed to the customer’s exact specifications. In this spirit, Rolls-Royce Motor Cars is delighted to unveil ‘Wraith – Inspired […]

Al Mazaya posts KD 4.1m H1 profits on strong sales

Posted by on 14/07/2015
Filed under Business

Al Mazaya posts KD 4.1m H1 profits on strong sales

Al Mazaya posts KD 4.1m H1 profits on strong sales

KUWAIT: Al-Mazaya Holdings announced a KD 4.1 million net profit for the first half of 2015, up 32.1 percent on the corresponding period a year previously – the figure represents a profit of 6.61 fils per share, compared to 5 fils in 2014. Ibrahim Al-Soqabi, CEO of the Group, said: “Al-Mazaya Holdings has continued the […]

Central Bank issues Financial Stability Report – CBK also issues annual report for FY 2014-2015

Posted by on 13/07/2015
Filed under Business, Top Stories

Central Bank issues Financial Stability Report – CBK also issues annual report for FY 2014-2015

Central Bank issues Financial Stability Report – CBK also issues annual report for FY 2014-2015

Gulf markets rally modestly on Greece – MIDEAST MARKETS REPORT

Gulf markets rally modestly on Greece – MIDEAST MARKETS REPORT

Posted by on 13/07/2015
Filed under Business

Gulf markets rally modestly on Greece – MIDEAST MARKETS REPORT

DUBAI: Gulf bourses rose yesterday in line with a global equities rally due to the Greek bailout agreement, but a drop in oil prices because of a likely Iran nuclear deal limited gains in the region. Brent crude fell 1.8 percent as Tehran and six world powers were on the brink of finding a nuclear […]

Iran trade with GCC to grow but oil spat looms

Posted by on 12/07/2015
Filed under Business

Iran trade with GCC to grow but oil spat looms

Iran trade with GCC to grow but oil spat looms

KUWAIT: Iran should boost trade with its Gulf Arab neighbours if a deal on its nuclear program sees sanctions and an oil embargo lifted, but higher Iranian crude production could worsen tensions within OPEC, analysts say. As of Saturday, the prospects of such a deal were still very much in question, with no sign of […]

Boubyan Bank announces KD16m H1 profits

Posted by on 12/07/2015
Filed under Business

Boubyan Bank announces KD16m H1 profits

Boubyan Bank announces KD16m H1 profits

KUWAIT: Boubyan Bank’s profits witnessed an increase in the first half of the current year, amounting to KD 16 million compared with KD 12.6 million in the first half of 2014, increasing by 28 percent, while the earning per share amount to 7.78 fils compared with 6.1 fils for the first half of the past […]

Euro zone leaders warn Greece must do more – Without bailout, bankrupt Athens will lose euro

Posted by on 12/07/2015
Filed under Business, Europe, World

Euro zone leaders warn Greece must do more – Without bailout, bankrupt Athens will lose euro

Euro zone leaders warn Greece must do more – Without bailout, bankrupt Athens will lose euro

BRUSSELS: Euro zone leaders told near-bankrupt Greece at an emergency summit yesterday that it must restore trust by enacting key reforms before they will open talks on a new financial rescue to keep it in the European currency area. Leftist Prime Minister Alexis Tsipras will be required to push legislation through parliament from today to […]

CFA: Ten principles for ideal retirement system

Posted by on 12/07/2015
Filed under Business

CFA: Ten principles for ideal retirement system

CFA: Ten principles for ideal retirement system

KUWAIT: In an era of an ageing population and increased attention on retirement systems around the world, CFA Institute, the global association of investment management professionals, has released An Ideal Retirement System, a report prepared by Mercer for CFA Institute. The study considers, through a set of 10 principles, what the investment management profession can […]

Zain and Ericsson enter new agreements to offer differentiated user experience in Iraq

Posted by on 12/07/2015
Filed under Business

Zain and Ericsson enter new agreements to offer differentiated user experience in Iraq

Zain and Ericsson enter new agreements to offer differentiated user experience in Iraq

KUWAIT: Zain Iraq and Ericsson have announced an extension of their managed services deal, which would otherwise have ended in 2016, for three additional years to the end of 2019. The partnership was initially forged in 2011 as part of Zain Iraq’s ambition to deliver a differentiated mobile experience and a highquality network. Under the […]