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16/04/2017 14:15 AST
National Bank of Kuwait reported a 8.1 percent rise in first-quarter net profit, the Gulf Arab state's largest commercial lender said in a statement on Sunday.
Net profit for the three months to March 31 rose to 85.4 million dinars ($280.8 million) from 78.9 million a year earlier, it said.
EFG Hermes forecast NBK would make a quarterly net profit of 83.3 million dinars, while Arqaam Capital forecast a net profit of 84.0 million.
The bank attributed the rise in net profit to higher net interest income and income from Islamic financing as a result of strong growth in business volumes.
Banks in Kuwait have been managing to withstand some of the pressure from lower oil prices as the government pushes ahead with capital spending plans including multi-billion dollar schemes such as the Clean Fuels Project to upgrade and expand two of Kuwait's largest refineries and the building of the al-Zour refinery.
Reuters
04/04/2018
NBK Capital Partners and Gulf Capital have partnered for the first time to make a strategic investment in Jordan’s Classic Fashion Apparel Industry, one of the biggest private sector employers in Jor
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NBK Capital won a prestigious award by the MENA Fund Manager magazine. The renowned magazine focuses in depth analysis of MENA fund management trends. The award was announced during the Annual Mena F
Press Release
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National Bank of Kuwait (NBK) has been awarded the “Best Private Banking Services Overall for 2018” in Kuwait in Euromoney’s Annual Survey surpassing global banks in wealth management and private ban
Arab Times
Ticker | Price | Change |
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FAB | 11.95 | 0.20 (1.70 |
SNB | 64.98 | 0.35 (0.54 |
RJHI | 76.03 | 0.78 (1.03 |
EMIRATESNBD | 10.65 | 0.05 (0.47 |
SAMBA | 26.98 | 0.59 (2.23 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
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Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
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Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News