ABK announces net profit of KD20.44m – Net profits rise by 7.2%; Operating income...

KUWAIT: Al Ahli Bank of Kuwait (ABK) yesterday announced a net profit of KD20.44 million for the first half of 2015, demonstrating a 7.2%...

Iran offers state assets to foreigners – Tehran eyes return to SWIFT – Foreign...

VIENNA: Iran offered to sell state assets to foreigners, said it would cut the government’s role in the economy and pledged a tight monetary...

Greece passes second crucial bailout bill – Government facing ‘political problem’

ATHENS: Greece’s parliament yesterday approved a second batch of reforms needed to help unlock a huge international bailout for the stricken economy. The bill...

Marzouq: KFH boasts opening first Islamic bank in one of Europe’s largest economies

KUWAIT: “KFH expansion in the global markets is a step further in our ambitious strategy to lead global development of Islamic financial services and...

UAE to scrap fuel subsidies

DUBAI: Leading oil producer the United Arab Emirates will scrap subsidies on petrol and diesel from August to cut spending as low crude prices...

Yahoo swings to loss as revenues rise – Internet-media company misses earnings expectations

SAN FRANCISCO: Yahoo swung to a loss in the second quarter, but revenues grew as the Internet pioneer refocused its efforts on mobile and...

France unveils 600m-euro plan for crisis-hit farmers

PARIS: The French government yesterday unveiled a package worth more than 600 million euros ($655 million) for farmers, after days of protests that have...

Greek business warn of closures; capital controls choke supplies – ‘Vast majority’ of Greek...

ATHENS: Greece risks seeing a wave of companies forced out of business within weeks because of restrictions on foreign transfers that have persisted even...

Gold slides to 5-year low after months of inertia – Shaken investors stay away...

LONDON: Investors seeking alternative assets are moving on from gold, whose failure to perform when its price was expected to rise and recent volatility...

Gulf Bank ‘first in Kuwait’ to obtain PCI-DSS 3.1 Certification

KUWAIT: Gulf Bank yesterday announced that it has officially obtained the Payment Card Industry (PCI)-Data Security Standards (DSS) 3.1 certification, making it the first...

KIPCO announces 17% increase in net profit

KUWAIT: KIPCO - the Kuwait Projects Company - has announced a net profit of KD25.4 million ($84.1 million) in the first six months of...

Commercial Bank of Kuwait net profit increases by 26%

KUWAIT: Commercial Bank of Kuwait announced net profit of KD16.7 million up by 26% for the six months period of 2015 compared with KD13.2...

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20th May

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