Saturday 30 August 2014
 
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NBK

Kuwait real estate sales down 37pc

The real estate sales in Kuwait fell 37 per cent year-on-year (y/y) in July  to KD268 million ($941 million) compared to last year, according to a report. The sales plunged by 49 per cent compared to June, which was a record

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Nasser Al-Sayer named new NBK chairman

The board of directors of National Bank of Kuwait (NBK) has elected Nasser Musaed Al-Sayer as the chairman of NBK Group following the demise of the long-serving chairman Mohammad Abdul Rahman Al-Bahar. The board also elected Ghass

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Bahrain bourse best performing in Gulf

Bahrain Bourse (BHB) was the best performing market in the second quarter, gaining 5.2 per cent, followed by Oman's stock market with a 2.2 per cent gain, according to National Bank of Kuwait (NBK) research. The Saudi market w

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NBK net profit hits $514m, up 12pc

National Bank of Kuwait (NBK) has reported $514 million in net profits for the first half of the year, as compared to $456 million for the same period last year, a year-on-year rise of 12.6 per cent.   The NBK Gr

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NBK joins in funding KPI acquisition

National Bank of Kuwait (NBK) has participated in financing Kuwait Petroleum International’s (KPI) recent acquisition of Shell’s Italian assets. NBK is the only Arab and Kuwaiti bank participating in this financing, sa

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NBK joins in funding KPI acquisition

National Bank of Kuwait (NBK) has participated in financing Kuwait Petroleum International’s (KPI) recent acquisition of Shell’s Italian assets. NBK is the only Arab and Kuwaiti bank participating in this financing, sa

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NBK, Al Khorayef in $56.8m financing deal

National Bank of Kuwait (NBK) and Saudi Arabia-based Al Khorayef Group have signed a financing deal to arrange $56.8 million syndicated facilities with a tenor of five and a half years.   The facilities will be u

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NBK-Egypt Q1 net profit up 12pc

National Bank of Kuwait said its Egyptian subsidiary reported net profits of EGP 97 million in the first quarter, up 12 per cent compared to EGP 86.6 million in the same period last year. The bank's total assets increased by 2

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Sovereign GCC yields witness steady decline

The GCC debt markets experienced modest growth in the first quarter of 2014 on weaker private sector issuance and large maturing sovereign debt, said a report. Sovereign GCC yields have declined over the last quarter on the back o

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NBK honours former chief executive

National Bank of Kuwait (NBK) recently honoured Ibrahim Dabdoub, NBK ex-Group chief executive officer, for his 53 years of excellence at NBK. The honouring ceremony was attended by Anas Al Saleh, Kuwait Minister of Finance, Dr Moh

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