Business

World Bank, Egypt pledge deeper ties amid economic reforms

Ministry of Planning, Economic Development, and International Cooperation and the World Bank have vowed to deepen their partnership as the North African country presses ahead with economic reforms.

In a meeting on the sidelines of the G20 Development…

Gulf Air signs an agreement with GAPTU

Paris, Gulf Air, the national carrier of the Kingdom of Bahrain, announced that it has signed a Collective Labour Agreement with the Gulf Air Pilots Trade Union (GAPTU). The agreement settles a longstanding dispute over pilot employment terms and allo…

Commercial Bank of Kuwait reaps USD 207 mln in H1 2024

The Commercial Bank of Kuwait posted KD 62.7 million (USD 207 million) worth of net profits in H1 2024 with a profit per share at 34.9 fils.

Chairman Sheikh Ahmad Duaij Al-Sabah said in a press statement on Saturday that the operational profits befor…

Al-Ahli Bank of Kuwait achieves KD 29 mln net profits in H1 2024

Al-Ahli Bank of Kuwait announced on Saturday that it achieved net profits of KD 29.06 million (around USD 95.8 million) in the first half of 2024, a growth of 22 percent year-on-year, with earnings per share at 12 fils. The Al-Ahli Bank Group said in …