Gulf Insurance Group (GIG) today announced a net profit of KD23.8 million ($76.7 million), or 78.06 fils per share ($0.252) for the first half of 2026, an increase of 89.2% or KD11.2 million ($36.2 million) compared to a net profit of KD12.6 million ($40.5 million) for the same period last year.
Waldorf Astoria Kuwait has secured three honours at the 2026 Haute Grandeur Global Excellence Awards, strengthening its position as a leading luxury hotel in Kuwait.
Kuwait Petroleum Corporation (KPC) recorded a net profit of KD 2.155 billion ($6.9 billion) for fiscal year 2025/2026, its highest in three years, Chief Executive Sheikh Nawaf Al-Sabah said.
Zain Group, a leading telecommunications services company in the region, has announced that its first-half net profit rose 73% year-on-year to KD220 million ($717 million), boosted by gains from strategic investments, while revenue surged 5% to hit KD1.14 billion ($3.68 billion).
Kuwait's leading low-cost carrier Jazeera Airways has announced that it is strengthening the UAE operations with additional flights to capital Abu Dhabi and Al Ain starting from August 10. With this move, its total weekly services across the emirates has risen to 29, including three daily flights to Dubai.
Saudi Arabia and Kuwait are strengthening economic and logistical integration through a digital customs data exchange system and expanded co-operation on railway development, aimed at improving cross-border trade and transport links.
Bahrain's Electricity and Water Authority (EWA) has confirmed that the temporary power outage that affected several areas across the Kingdom has been fully resolved.
Alternative Energy Projects Company (AEP), a Kuwait-based renewable energy developer, has announced plans to raise capital to fund the expansion of its solar energy business across Kuwait and Mena region. It has appointed Kamco Invest, in collaboration with Burgan Bank, to lead the transaction.
Sheraton Kuwait Hotel has marked its 60th anniversary, celebrating six decades as a landmark in Kuwait’s hospitality sector. Opened in 1966, the hotel was the first Sheraton property outside the US, the first international hotel in Kuwait, and the first Marriott International-managed hotel in the Middle East and Africa.
Burgan Bank reported total revenues of KD138 million ($444.78 million) for the six-month period ended June 30, 2026 (H1’26), representing a 9% year-on-year increase, reflecting broad-based growth across its core revenue streams, supported by higher net interest income and stronger contributions from non-interest income activities.
