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Fitch Affirms Kuwait’s KIPCO at BB- With Stable Outlook, Citing $1.1 Billion in Cash

Fitch Ratings affirmed Kuwait Projects Company's long-term issuer default rating at BB- with a stable outlook, KIPCO said.
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UAE Central Bank Holds Base Rate at 3.9% as Qatar, Bahrain and Kuwait Keep Rates Unchanged After Fed Pause

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Al Ahli Bank of Kuwait Third-Quarter Profit Rises 15% to KD17.1 Million on Lower Provisions

Al Ahli Bank of Kuwait said third-quarter net profit rose 15% to KD17.1 million, while nine-month profit climbed 16% to KD54.19 million.
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Kuwait Residents’ Spending Reaches KD42.3 Billion in First Nine Months as WAMD Transfers Hit KD8.75 Billion

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Fitch Affirms Kuwait’s KIPCO at BB- With Stable Outlook, Citing $1.1 Billion in Cash

Fitch Ratings affirmed Kuwait Projects Company's long-term issuer default rating at BB- with a stable outlook, KIPCO said.

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Fitch Affirms Kuwait’s KIPCO at BB- With Stable Outlook, Citing $1.1 Billion in Cash

Fitch Ratings affirmed Kuwait Projects Company's long-term issuer default rating at BB- with a stable outlook, KIPCO said.

UAE Central Bank Holds Base Rate at 3.9% as Qatar, Bahrain and Kuwait Keep Rates Unchanged After Fed Pause

The Central Bank of the UAE kept its base rate at 3.9% on Wednesday after the US Federal Reserve held rates, while Qatar, Bahrain and Kuwait also left borrowing costs unchanged.

Al Ahli Bank of Kuwait Third-Quarter Profit Rises 15% to KD17.1 Million on Lower Provisions

Al Ahli Bank of Kuwait said third-quarter net profit rose 15% to KD17.1 million, while nine-month profit climbed 16% to KD54.19 million.

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Kuwait Airways Restructuring Strengthens Airline Financial Position and Growth

Kuwait Airways restructuring gained major approval after shareholders voted to erase $983 million in accumulated losses. The airline takes this step to restore financial...

Burgan Bank Launches Digital Training Program for the Ministry of Interior

Burgan Bank has launched a specialized digital training program to support Kuwait’s Ministry of Interior (MoI) in advancing its digital transformation. The initiative aims...

Kuwait Crown Prince Meets Top American CEOs in New York

Kuwait’s Amir Representative, the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah, met with several leading CEOs in New York on Monday. The meetings took...

Kuwait Retail Shifts as Carrefour Exits and HyperMax Rises

Carrefour officially left Kuwait after shutting down all its outlets, marking the end of its two-decade presence in the country’s retail sector. This marks...

Kuwait Post Summer Revival Brings Joy and Leisure for Citizens and Residents

Kuwait welcomes back travelers as the summer holiday season ends. Homes and gardens buzz with family gatherings and laughter. Moreover, diwaniyas reopen their doors...

Kuwait Visa on Arrival to Drive Tourism and Boost Gulf Economy

Kuwait has introduced a visa-on-arrival system for foreign nationals living in other Gulf Cooperation Council (GCC) countries. The Kuwait visa on arrival applies to...

Kuwait Enforces 15 Percent Global Minimum Tax

Kuwait now enforces the Kuwait global minimum tax through a smart and structured system. This tax rule comes under Law 157/2024. It directly targets...

Kuwait’s NBK Mobile Banking App Enhances Customer Experience

NBK has launched a fresh set of upgrades to its NBK Mobile Banking App. These improvements aim to strengthen the overall NBK Mobile Banking...

Kuwait Increases Validity of Driver’s Licenses for Expats and Citizens

Kuwait driver’s license validity now extends under new regulations designed to ease procedures for all drivers across the country. A new ministerial decision increases the...

Kuwait Airways Revenue Growth Driven by Strategic Reforms

Kuwait Airways has reported steady financial progress, thanks to major strategic efforts across its operations. These results show the strength of Kuwait Airways' revenue...

Kuwait AI Banking Push Expands with Microsoft Copilot at NBK

Kuwait AI banking push gains major momentum as the National Bank of Kuwait launches Microsoft Copilot across all departments. As a result, this move...

Kuwait NBK Strong Profits Drive Growth and Stability

Kuwait’s National Bank of Kuwait (NBK) continues to perform well, driven by NBK strong profits across multiple areas of business. These gains highlight the...
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