Thursday 8 December 2016
 
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NBK

NBK to help customers buy property in UAE

National Bank of Kuwait (NBK), the country's leading lender, is offering a golden opportunity to customers to buy a property in UAE through a new mortgage service, financing up to 70 per cent of the property value. “In a

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Kuwait awards $3.4bn project contracts in Q3

Kuwait’s projects market maintained its relatively healthy momentum in the third quarter with the government awarding contracts worth KD1 billion ($3.4 billion), up 15 per cent by KD129 million ($426 million) over the previous quarter.

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Kuwait set to award $27bn contracts this year

Kuwait’s projects market continued to expand in the second quarter of this year in spite of the low oil prices and the state is expected to award another KD8.4 billion ($27 billion) worth of contracts before year-end, a report says.

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NBK net profit surges 7.2pc in Q2

National Bank of Kuwait (NBK) , the Gulf Arab state's largest commercial lender, fell short of analysts' forecasts despite reporting a 7.2 per cent rise in second-quarter net profit on Sunday. The bank made a net profit of

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Kuwait Styrene secures $280m NBK funding

Kuwait Styrene, a joint venture between Kuwait Aromatics Company and Dow Chemical Company, said it has secured a $280-million loan from the National Bank of Kuwait (NBK). The loan would be used for general business purposes, the b

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Kuwait Styrene secures $280m NBK funding

Kuwait Styrene, a joint venture between Kuwait Aromatics Company and Dow Chemical Company, said it has secured a $280-million loan from the National Bank of Kuwait (NBK). The loan would be used for general business purposes, the b

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Kuwait inflation down to 2.8pc in May

Kuwait’s inflation in consumer prices eased to 2.8 per cent year-on-year (y/y) in May, mainly due to softer food inflation, a report said. Core inflation (which excludes food prices) came in marginally higher at 3.0 per cent

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NBK $473.2m capital hike starts on Wednesday

The subscription period for National Bank of Kuwait's proposed capital increase will commence on Wednesday, the Gulf state's largest commercial lender said in a bourse statement. The rights issue will be worth around KD137

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NBK posts 18.2pc slide in Q1 net profit

National Bank of Kuwait , the Gulf Arab state's largest commercial lender, reported a 18.2 per cent fall in first-quarter net profit, it said in a statement on Sunday, as it failed to repeat a one-off gain from an asset sale.

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NBK's capital increase ‘to support business growth’

National Bank of Kuwait’s decision to increase its capital by 6.5 per cent would be a positive as it will enhance the bank’s capital adequacy ratios ahead of a full implementation of the Central Bank of Kuwait’s Basel III cap

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