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…
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Kufpec finalises $1bn loan
National Bank of Kuwait (NBK), in cooperation with J.P Morgan Limited, has led a consortium of international, regional and Kuwaiti banks to arrange a syndicated loan of $1 billion for Kuwait Foreign Petroleum Exploration Company (KUFPEC), a wholly owned subsidiary…
NBK says Omani growth to continue despite lower oil prices because of growing non-oil acivity
Oman’s real GDP will growth will quicken to 4.5 per cent in 2015 from 4 per cent in 2014 due to strong non-oil growth, particularly in tourism and manufacturing, according to a report published by the National Bank of Kuwait…
Industries Qatar results below forecast: NBK
Second quarter income reported yesterday by Industries Qatar (IQ) was below expectations, according to National Bank of Kuwait (NBK). “(It) came in at QR 1,254m, which is significantly below our and the Bloomberg consensus expectations of QR 1,690m and QR…
Bahrain economy forecast to slow in 2014 on lower oil sector output growth: NBK
Bahrain’s rate of economic growth will slow in 2014 and the kingdom’s budget deficit will rise both this year and next due to lower oil prices, National Bank of Kuwait’s (NBK’s) July macroeconomic report about Bahrain says. “Economic growth continued…
Kuwait inflation nears 3 per cent in May
Kuwait’s annualised consumer price inflation rose to almost 3 per cent in May, according to a report published today by National Bank of Kuwait. “Inflation in the consumer price index rose from 2.7 per cent year-on-year in April, to 2.9…
Kuwait real estate sales 24 per cent up year-on-year in May: NBK
Kuwait’s real estate market booming and sales in May were almost one-quarter higher than in the same month of 2013, according to the weekly economic report by the National Bank of Kuwait (NBK). “Sales were up from a year ago,…
NBK tower on track for gold LEED rating, MEED conference told
The 300-metre-high National Bank of Kuwait (NBK) tower in the Sharq district of Kuwait city is on track to secure gold rating under the US Green Building Council’s (USGBC’s) Leadership in Energy & Environmental Design (LEED) green building rating methodology,…
Kuwait real estate sales in April up 60 per cent year-on-year: NBK
Real estate sales in Kuwait in April were worth KD 447m, 60 per cent higher than the figure recorded in the same month of 2013, according to a report issued today by the National Bank of Kuwait (NBK). “Real estate…
GCC stock market capitalisation rises above $1trn: NBK
GCC equity markets rose by more than 20 per cent in the first four months of 2014 to $1.14tn, according to a report issued today by the National Bank of Kuwait (NBK). “By the end of April, the region had…