Business
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KFH continues to maintain its leadership in Islamic banking Sector
PUBLISHED IN COOPERATION WITH The Business Year interviewed Acting Group CEO of Kuwait Finance House (KFH) Group, Abdulwahab Issa Al-Rushood,…
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Europe’s AI bosses sound warning on soaring compliance costs
Oleg Stavitsky doesn’t mince his words when asked where he thinks Europe’s artificial intelligence (AI) sector is headed. “Ultimately, the…
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CBK issues 2023 financial stability report
In line with its efforts to enhance transparency, disclosure, and provide reliable information and statistics related to the Kuwaiti financial…
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6.1 billion dinars in contractors’ letters of guarantee
Official figures issued by the Ministry of Finance revealed that the total value of letters of guarantee held by government…
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Interest rate cuts support growth in Gulf banks’ loans
CI Capital stated that although the profitability of Gulf banks, especially Saudi Arabia, will decline overall, the decline in interest…
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Fifth LPG Train project… Strategic project boosting Kuwait’s hydrocarbon assets
The Fifth Liquefied Petroleum Gas (LPG) Train, an ambitious project by the Kuwait National Petroleum Company (KNPC), will aim at…
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UK construction giant Joseph Gallagher establishes presence in Kuwait
• Joseph Gallagher Ltd. is the UK’s largest subcontractor, with projects worth over £100 million annually. The Kuwait Direct Investment…
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Chairman’s Club fostering leadership, youth empowerment
PUBLISHED IN COOPERATION WITH The Business Year (TBY) recently met with CEO and Secretary of the Board of the Chairman’s…
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Saudi Al-Ahsa Dates Auction ropes in investors, visitors
The 2024 Al-Ahsa Dates Auction is a renowned festival that draws investors and visitors from within the Kingdom of Saudi…
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CBK reduces discount rate
The Board of Directors at CBK cut the discount rate by 25 basis points to 4% instead of 4.25% effective…
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