Business

CBK sets ATM machines for Eid bills in Avenues, 360 malls

The Central Bank of Kuwait (CBK) announced setting several ATM machines in the Avenues and 360 malls for Eid money bills.The machines will be availabe starting Sunday, until May 4, the bank said in a statement on Sunday.CBK also provided local banks wi…

Burgan Bank posts KD 12 mln net profit for Q1 2022

Burgan Bank posted a net profit of KD 12 million (approximately USD 39.6 million) in the first quarter of 2022, an increase of 140 percent compared to the same period last year, with earnings per share of 3.7 fils.In a disclosure on the website of the…

Zain earns USD 153 million Q1

Zain Group posted KD 47 million (USD 153.8 million) worth of net profits in Q1 2022 vis a vis KD 45 million (USD 147.3 million) during the same period in 2021, at a rate of 11 fils per stock.The group said in a statement that it consolidated KD 408 mil…

KFAED grants UNICEF USD 340,000

Kuwait Fund for Arab Economic Development (KFAED) on Thursday signed an agreement with UNICEF whereby the Kuwaiti fund would give an additional grant worth USD 340,000 as a contribution to financing a water project in Gaza Strip.KFAED said in a statem…