Kuwait’s KIPCO planning $5bn real estate project

DUBAI: Kuwait Projects Co (KIPCO), the country’s largest private sector investment firm, is planning a $5 billion real estate scheme on the outskirts of...

A historical record for Zain KSA

Zain Saudi Arabia 2018 full-year net profit growth soars to reach $89 million Bader Al-Kharafi, Zain Vice-Chairman and...

NBK among world’s 50 safest banks for 10th consecutive year

KUWAIT: National Bank of Kuwait (NBK) continued to rank among The World’s 50 Safest Banks list published by Global Finance topping international financial heavyweights....

Qatar economy weathers blockade storms

DUBAI: Qatar has weathered the economic impacts of a stifling Saudi-led blockade, maintaining healthy growth, but some sectors continue to pay the price a...

China FX reserves in record fall – Beijing tries to calm markets, unveils tax...

SHANGHAI/BEIJING: China’s foreign exchange reserves posted their biggest monthly fall on record in August, reflecting Beijing’s attempts to halt a slide in the yuan...

Airbus announces China order of 140 planes for $22.8 billion

BERLIN: Airbus said yesterday it had won a major order from China of 140 planes for $22.8 billion, during a visit by President Xi...

Turkey will emerge stronger: Minister

Turkish banks are healthy and strong - Albayrak ISTANBUL: Finance Minister Berat Albayrak assured international investors yesterday that Turkey would emerge stronger from its currency...

China CB sees ‘very normal’ growth of 6-7% – Yi Gang seeks to cool...

BEIJING: China will be able to keep annual economic growth at around 6-7 percent over the next three to five years, a top People's...

Alghanim Industries awarded gold approved employer status

Only commercial company to earn this recognition in Kuwait KUWAIT: Alghanim Industries, one of the largest privately owned companies in the region was recently awarded...

Gulf Bank records 10% Y-o-Y rise in net profit for first 9 months of...

Bank generates net interest income of KD 97.2 million KUWAIT: Gulf Bank K.S.C.P. announced yesterday its financial results for the first nine months of 2017....

KAMCO reports KD 7.7 million revenues for 9 months of 2017

Company records net profits KD 997 thousand KUWAIT: KAMCO Investment Company K.S.C. (Public), announces its financial results for the nine months ended on September 30,...

How solar energy will help Kuwait expand hydrocarbons exports

KUWAIT: In order to meet rising domestic demand and free up oil for export, Kuwait is increasing investment in solar energy, providing...

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26th May

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