Total operating revenue was down just 1.2 per cent in H1 at KWD
71.52 million while net operating profit was down 4.1 per cent to KWD
The value of the first agreement is KWD
50m, and it will finance a water conservation project and development of the agriculture system in the Sinai Peninsula, within the project of developing the peninsula.
Boubyan Bank (BOUBYAN.KK) has said that it has launched an open-ended Kuwaiti Dinar (KWD
) money market fund that will invest in Shari'a-compliant short and medium-term instruments.
Styrofoam collected by KWD
in Grafton eventually becomes part of blocks measuring 16 inches by 14 inches by 48 inches, and those blocks are eventually trucked away to
"Household borrowing saw a relatively strong month, adding KWD
96 million, but growth eased to 11.8 per cent y/y, its lowest pace in three years.
Minister of Planning and International Cooperation Ashraf Al-Araby has signed a KWD
30m loan agreement(approximately $106m) with the Kuwait Fund for Arab Economic Development (KFAED) to help finance the upgrade of the Assiut power plant, an according to a Monday statement from the ministry.
The Group's 1Q 2015 net profits included a post-tax impact of KWD
22.5 million ($75 million) from the sale of NBK's 30 per cent stake in IBQ.
Household debt remained the most dynamic part of bank credit gaining KWD
89 million, though growth did slow slightly to 16.0 per cent year-on-year (y/y).
Total bank credit bounced back with a KWD
231 million gain in August following a mostly flat July.