Friday 18 April 2014
 
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NBK

NBK profit edges up 3.2pc to $298m in Q1

National Bank of Kuwait (NBK), the largest Kuwaiti bank, reported net profits of $298 million in the first quarter (Q1) of 2014 compared with $289 million in the same period last year, marking a 3.2 per cent increase year-on-year.

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NBK opens new UAE head office in Dubai

National Bank of Kuwait (NBK) has opened its new head office in the United Arab Emirates in Dubai under the patronage of the Central Bank of the UAE. The ribbon cutting ceremony was attended by the chairman of the UAE Banking Fede

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Al Sager named NBK group CEO

The board of directors of National Bank of Kuwait (NBK) Group has appointed Isam Jasem Al Sager as NBK Group chief executive officer. Al Sager succeeds Ibrahim Shukri Dabdoub, who will retire after the upcoming general assembly meeting.

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NBK Q4 net profit drops 48pc

National Bank of Kuwait, the Gulf state's largest commercial lender, widely missed analysts' expectations as it posted a 48 per cent drop in fourth-quarter net profit, Reuters calculated. The net profit was $142 million in

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NBK Capital advises Mezzan on key acquisition

NBK Capital, a subsidiary of the National Bank of Kuwait (NBK) said it advised Kuwaiti conglomerate Mezzan Holding Company in its recent acquisition of UAE-based Unitra Mets Group (UMG), a leading beverage distributor. Mezzan acqu

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NBK in $1.4bn Kuwait project financing deal

National Bank of Kuwait (NBK), a leading bank in Kuwait, said it has successfully arranged a $1.43 billion loan in co-ordination with other local commercial banks to finance the first phase of the Az-Zour North Power and Desalination Project in

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Kuwait credit hits 5-year high; tops $1.3bn

Kuwait's bank credit increased by KD391 million ($1.37 billion) in October, pushing year-on-year growth to 7.8 per cent and marking the largest monthly gain in five years, a report said. October’s data confirms the accel

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Kuwait corporate earnings up 14pc

The earnings of Kuwaiti listed companies for the first nine months surged 14 per cent to hit KD1.16 billion ($4.09 billion) when compared to the same period last year, said a report. The financial results of Kuwaiti listed compani

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Expo 2020 ‘to boost Dubai GDP by 25pc’

Dubai’s successful bid to host World Expo 2020 will generate about $23 billion of output (25 per cent of the emirate’s current GDP) between 2015 and 2021, a report said. Dubai’s real non-oil growth rate is curren

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Al Watany posts 13pc profit rise

Al Watany Bank of Egypt (AWB), a subsidiary of National Bank of Kuwait Group (NBK), has reported net profits of EGP259 million ($37.5 million) in the first nine months of the year, up 13.4 per cent year-on-year (YOY). AWB profits

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