Higher oil prices will boost Qatar’s economy by more than 10 per cent in 2017 though non-oil growth will continue to be sluggish, a report published by the National Bank of Kuwait (NBK) shows. This will lift government income and…
Tag: National Bank of Kuwait
NBK says Bahrain to recover in 2017
The Bahraini economy will recover in 2017 on higher oil prices and non-oil output, National Bank of Kuwait (NBK) says in a report released today,. “Real GDP growth is poised to hold in 2016 on signs of resilience in the non-oil…
Kuwait corporate earnings fall in first half
The earnings of companies listed on the Kuwait Stock Exchange (KSE) fell by 9.1 per cent year-on-year in the first half of 2016, a report released by the National Bank of Kuwait today says. “The aggregate profits of 151 reporting…
GCC fiscal adjustment to be gradual: NBK
GCC governments are acting to deal with the impact of lower oil prices but the adjustment process will be slow and gradual, the National Bank of Kuwait (NBK) says in a report released today. “The new low oil price environment has…
Kuwait to have current account deficit in 2016
For full coverage of Middle East business, see MEED Kuwait’s current account will move into a deficit of 1 per cent of GDP in 2016 due to lower oil prices and continuing import growth, National Bank of Kuwait (NBK) said…
S&P affirms NBK at A+
For full coverage of Middle East business, see MEED Standard & Poor’s (S&P) has affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+. All the bank’s ratings carry a stable outlook. “Our outlook on NBK is…
NBK reports 8 per cent profit growth
For full coverage of Middle East business, see MEED National Bank of Kuwait (NBK) reported a 7.8 per cent growth net profits of $929.7m (KD 282.2m) in 2015 from $862.6m (KD 261.8m) in 2014. Total assets as of year-end 2015 reached…
Qatar economy to remain strong despite oil prices
For full coverage of Middle East business developments, see MEED High public investment and higher gas output linked to the launch of the Barzan production facility should see Qatar’s economic performance remain relatively strong through 2016 and 2017, National Bank…
Listed Kuwait corporate profits disappoint in Jan-Sept
For full coverage of Middle East business developments, see MEED The financial results for the first nine months of 2015 of corporates listed on the Kuwait Stock Exchange (KSE) were disappointing, a report issued today by National Bank of Kuwait…
NBK says Kuwait real estate is weak
For full coverage of business developments in Iran and the Middle East, see MEED Weakness in the Kuwait real estate market is persisting despite a pick-up in the commercial sector, a report on the sector by the National Bank of…