Business

Boubyan Bank announces profits of KD 33 mln for H1 ’22

— Kuwait’s Boubyan Bank announced KD 33 million of profits (USD 108.9 million) for H1 2022, up 54 percent, compared with last year, with a profit of 8.5 fils per share.Performance profits for H1 2022 reached KD 53 million (about USD 174.9 million), sa…

Local food produce crucial for lower inflation, food security

Locally made products, especially foodstuff, have proved much significance on the basis of their vital role during the coronavirus (Covid-19) pandemic and the ongoing Ukraine war in answering the needs of the local market and curbing inflation.Compare…

OPEC crudes’ basket up USD 1.73 to USD 104.39 pb

VIENNA, Price of OPEC’s basket of oil rose by USD 1.73 to USD 104.39 per barrel on Friday against USD 102.66 pb on Thursday, the organization reported Monday.Bulletin of the Organization of Petroleum Exporting Countries (OPEC) added that the monthly ra…