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COMMERCIAL NEWS

Lower oil output ‘to affect GCC GDP recovery in 2021’

Oct 24, 2021 12:37 PM

GCC economic growth witnessed a downward revision of 20 bps for 2021 to a growth of 2.5% on the back of lowered forecast for oil GDP for the region by 130 bps to a marginal growth of 0.3% a report said....

MORE COMMERCIAL NEWS

The Sultan Center completes debt restructure plan Oct 10, 2021 10:58 AM

Kuwait-headquartered supermarket chain The Sultan Center (TSC) has...

Burgan Bank upgrades its safe deposit box service Aug 31, 2021 7:58 AM

Burgan Bank has announced the upgrade of its safe deposit boxes...

Markaz swings to net profit of $34.5m in H1 Aug 11, 2021 1:29 PM

Kuwait Financial Centre (Markaz) has reported its financial results...

Markaz to manage auction of Dhaman's strategic investor shares Aug 9, 2021 11:05 AM

Kuwait Financial Centre Markaz has been appointed by the Health...

Kamco Invest exits stake in Planet Pharmacies Jul 15, 2021 10:02 AM

Kamco Invest a regional non-banking financial powerhouse in the...

KNPC refines its digital transformation with VMware Sep 1, 2021 12:37 PM

Kuwait National Petroleum Company (KNPC) has taken its digital transformation...

GCC banks report record high loans growth in Q2 Aug 25, 2021 2:08 PM

Listed banks in the GCC recorded aggregate gross loans at 1.68 trillion...

Mezzan Holding posts H1 net of $23.93 million Aug 10, 2021 3:20 PM

Mezzan Holding one of the largest manufacturers and distributors...

Zain Ventures invests in Pipe.com and swvl.com Aug 1, 2021 4:04 PM

Zain Group a leading telecom innovator in seven markets across the...

Zain wins global recognition for corporate governance Jul 11, 2021 9:27 AM

Zain Group a leading telecom innovator in seven markets across the...

GCC sukuk issuances likely to decline in 2021: Kamco Jul 7, 2021 2:28 PM

Government bond and sukuk issuances in the GCC are expected to slow...

Edunation raises $3m in funding round with US-based VC Jun 27, 2021 2:02 PM

Edunation an all-in-one digital school and learning management system...

Ooredoo Kuwait selects Ericsson Charging Jun 10, 2021 11:35 AM

Ooredoo Telecom has selected Ericsson as its strategic partner to...

Kamco Invest launches new flagship App Jun 27, 2021 2:29 PM

Kamco Invest a regional non-banking financial powerhouse with one...

GCC banks’ net profit in 2020 falls 30.6% to $25.4bn Jun 22, 2021 1:55 PM

The net profit posted by GCC listed banks declined from 36.6 billion...

Protiviti guides Zajil through acquisition by Kalaam Jun 9, 2021 2:20 PM

Protiviti Member Firm for the Middle East Region was the exclusive...

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