Business

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 …

Egypt’s external debt decreases by $14 billion in 5 months

Egypt’s external debt has decreased to $153.9 billion at the end of May 2024, compared to $168 billion at the end of last year, according to an official statement quoting an anonymous central bank official.

Egypt received $35 billion in Emirati suppo…

GUPCO to invest $226 mln in drilling 5 petroleum wells in Egypt

Minister of Petroleum and Mineral Resources Karim Badawi has visited the production facilitation platform of the North Safa marine field in the Gulf of Suez’s Northeast Ramadan concession area, which belongs to GUPCO and the Emirati company Dragon.

B…