National Bank of Kuwait, the country's largest lender, posted a 17.6 per cent drop in first-half net profit as the bank was forced to take a one-off provision, it said in a statement on Wednesday.
The bank made a net profit of $431.2 million in the first six months of the year, compared to $523.5 million in the same period of 2011.
'Our first half profits were negatively affected by heavy judgmental provision charges. We have opted to set aside $96.4 million in judgmental provisions in face of a further potential deterioration in our operating environment,' Ibrahim Dabdoub, NBK's Group chief executive officer, said in the statement
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
M
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.