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COMMERCIAL NEWS

Agility Q1 net profit rises marginally to $41.69m

May 15, 2022 11:35 AM

Agility a supply chain services infrastructure and innovation company posted first quarter 2022 net profit of KD12.8 million ( 41.69 million) a nominal 1% YoY increase from KD12.6 million over the same...

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Kamco Invest Q1 net profit up 132% to $11.7m May 12, 2022 1:57 PM

Kuwait-based Kamco Invest a regional financial powerhouse has reported...

Burgan Bank Q1 revenue up 10% to top $171m Apr 24, 2022 1:08 PM

Burgan Bank a leading bank in Kuwait has reported KD52.6 million...

Zain focused on providing meaningful connectivity Apr 13, 2022 11:10 AM

Zain Group is focused on providing meaningful connectivity and driving...

GIG leads Kuwaiti-led M&A transactions for 2021 Apr 10, 2022 2:20 PM

Gulf Insurance Group (GIG) leads the top M&A transactions led by...

GCC banking sector sees 7-quarter high ROE in 2021: Kamco Mar 30, 2022 1:51 PM

Higher profits reported by GCC banks pushed the aggregate return...

Kuwait’s NIGH completes capital increase of $338m May 9, 2022 8:29 AM

National Industries Group Holding (NIGH) and Kuwait Financial Centre...

GCC firms’ net profits soar to record high of $196.5bn in 2021 Apr 17, 2022 4:18 PM

Earnings of GCC-listed companies jumped to a record high of 196.5...

Burgan Bank launches Fast International Transfer Service Apr 12, 2022 2:38 PM

Burgan Bank has launched a new Fast International Transfer service...

GCC index sees biggest gains since global financial crisis Apr 3, 2022 6:23 PM

A broad-based rally in GCC markets coupled with elevated oil prices...

Mezzan Holding 2021 full year net falls to $27.62m Mar 23, 2022 9:17 AM

Mezzan Holding one of the largest producers and suppliers of food...

Zain Group AGM approves dividend of 23 fils for H2 Mar 22, 2022 4:35 PM

The Zain Group Annual General Meeting (AGM) held today at Zain Group...

Global banking CEOs optimistic of sector growth: KPMG Mar 13, 2022 9:11 AM

Global banking CEOs are optimistic and are predicting growth in...

Kamco completes 22 banking deals worth $4.8bn in 2021 Feb 22, 2022 1:21 PM

Kamco Invest a regional non-banking financial powerhouse completed...

Zain signs MoU with Huawei to hasten 5.5G innovation Mar 20, 2022 3:36 PM

Zain Group has selected Huawei to accelerate the migration from...

Gulf Insurance FY net profit shoots up 207pc to $166.2m Mar 3, 2022 9:45 AM

Gulf Insurance Group (GIG) full year 2021 (FY) net profit has zoomed...

Kuwait's Markaz swings to 2021 profit, revenue soars to $101m Feb 19, 2022 3:07 PM

Kuwait Financial Centre (Markaz) has reported a net profit attributable...

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