Friday 27 February 2015
 
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NBK

NBK Q4 net profit rises 46pc to $197m

National Bank of Kuwait, the country’s largest commercial lender, reported a net profit of KD57.9 million ($197.2 million) in the fourth quarter of 2014, compared to KD39.6 million a year ago, marking an increase of 46.4 per cent.

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Saudi Arabia plans high-profile projects worth $1.1trn

Infrastructure investments worth $1.1 trillion are envisaged on a range of high-profile projects in Saudi Arabia, a report said. These include the Riyadh and Makkah metros, worth $23 billion and $7 billion, respectively, the King

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Saudi Arabia plans high-profile projects worth $1.1trn

Infrastructure investments worth $1.1 trillion are envisaged on a range of high-profile projects in Saudi Arabia, a report said. These include the Riyadh and Makkah metros, worth $23 billion and $7 billion, respectively, the King

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Saudi Arabia to maintain robust non-oil growth

Spearheaded by the government’s investment and diversification plan, Saudi Arabia’s non-oil economy will maintain its positive growth trajectory and post increases of 5 per cent in 2015 and 2016, a report said. Governm

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New CEO for NBK Kuwait

National Bank of Kuwait (NBK) Group, a leading bank of Kuwait, has announced the appointment of Salah Al Fulaij as the new chief executive officer of NBK- Kuwait. Al Fulaij had been the CEO of NBK Capital, NBK’s investment b

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Kuwait inflation seen at 3pc for 2014

Despite a marginal uptick in the consumer price index (CPI) in November, Kuwait’s inflation remained largely subdued during 2014 and is expected to end the year at an average of 3 per cent, a report said. The main source of

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NBK Q3 profit down 16pc despite revenue rise

National Bank of Kuwait (NBK), the Gulf Arab state's largest commercial lender, reported a 15.6 per cent drop in third-quarter net profit on Wednesday, missing analysts' expectations despite an increase in revenue. It gave

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Kuwait real estate sales down 6.7pc in August

Real estate sales in Kuwait declined for the second month in a row to KD250 million ($862.5 million) in August, a drop of 6.7 per cent month-on-month, a report said. Real estate activity is traditionally muted in August when much

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NBK to sell IBQ stake to Qatari investors for $538m

National Bank of Kuwait (NBK) has agreed to sell its 30 per cent stake in its Qatari associate, International Bank of Qatar (IBQ), to Qatari investors in a transaction worth $538 million (KD155 million), at a $87 million profit. N

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NBK chosen 'safest bank' in Arab world

National Bank of Kuwait (NBK) has been selected as the “Safest Commercial Bank” in the Arab World and ranked 23rd among the World’s Top 50 Safest Commercial Banks in 2014 in a survey. NBK also maintained its rank

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