Thursday 17 April 2014
 
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Gulf Bank

Gulf Bank posts 10pc rise in profit

Kuwait's Gulf Bank missed analyst estimates despite reporting a 10 percent increase in first-quarter net profit on Monday. The country's fourth-largest lender by assets said net profit for the three months to the end of Ma

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Gulf Bank Q3 net profit up 2.4pc

Kuwait's Gulf Bank posted a 2.4 per cent rise in net profit in the third quarter, Reuters calculations showed on Thursday. Net profit in the three months to the end of September was KD9.86 million ($35 million) compared to KD9

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Gulf Bank CEO Accad resigns

Michel Accad, the chief executive of Kuwait's Gulf Bank, has resigned from his post for personal reasons, the lender said in a bourse statement on Sunday. Accad's resignation will be effective on January 2, 2014 and a repl

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Gulf Bank posts 17pc rise in Q2 net profit

Gulf Bank, Kuwait's fourth-largest lender, reported a 17 per cent rise in second-quarter net profit, a stock exchange filing on Tuesday showed. Net profit was 6.3 million Kuwaiti dinars ($22.1 million) for the three months to

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URC picks Gulf Bank for 5-year bond

United Real Estate Company (URC), a leading property development firm in the Middle East, has named Kuwait-based Gulf Bank as the joint lead manager for its five-year KD60 million ($210.5 million) bond issue. The bond has been rated BBB

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URC picks Gulf Bank for 5-year bond

United Real Estate Company (URC), a leading property development firm in the Middle East, has named Kuwait-based Gulf Bank as the joint lead manager for its five-year KD60 million ($210.5 million) bond issue. The bond has been rated BBB

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Gulf Bank gets Fitch stable outlook

Fitch Ratings has affirmed Kuwait-based Gulf Bank's long-term issuer default rating (IDR) at 'A+' with a stable outlook. The viability rating too has been upgraded to 'bb-' from 'b+'. In its comments, t

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Gulf Bank finances two aircraft for Etihad

Abu Dhabi-based First Gulf Bank has provided the finance for two Boeing 777-300ER aircraft, to be delivered to Etihad Airways, the national airline of the United Arab Emirates. The financing was made available through a Sharia-com

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Gulf Bank finances two aircraft for Etihad

Abu Dhabi-based First Gulf Bank has provided the finance for two Boeing 777-300ER aircraft, to be delivered to Etihad Airways, the national airline of the United Arab Emirates. The financing was made available through a Sharia-com

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Gulf Bank names GM Consumer Banking

Kuwait-based Gulf Bank has announced the appointment of Vikram Issar as general manager of Consumer Banking. Issar, who joined the bank last month, was previously with Standard Chartered Bank in Singapore where he was chief operat

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