KUWAIT: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al Marzouq announced that KFH achieved a net profit of KD 162.8 million for the first quarter of 2024 for shareholders, representing an increase of 0.5 percent compared to the same period last year, while the comparative period last year included revenues and profits from sale of investments amounted to KD 74.3 million, most of which were non-recurring and were not realized during the current period, and an increase of 32.4 percent compared to three months period ended Q4 2023.

FRANKFURT: The German government is expected to raise its latest growth forecasts on Wednesday as Europe’s crisis-hit top economy shows tentative signs it is finally turning a corner.

LONDON: London’s stock market zoomed to another record peak Wednesday, in a broad-based global rally fuelled by easing Middle East tensions, bright earnings and hopes of falling interest rates as inflation slows.

Kuwait: Zain has sponsored the Kuwait Innovation Forum, organized by The Business Year media group in collaboration with the Kuwait Direct Investment Promotion Authority (KDIPA).

KUWAIT: National Bank of Kuwait (NBK) has announced its financial results for the three-month period ended 31 March 2024. The Bank reported a net profit of KD 146.6 million ($476.8 million), compared to KD 134.2 million ($436.6 million) for the corresponding period in 2023, improving by 9.2 percent year-on-year.

KUWAIT: Boubyan Bank has announced KD 31.7 million in operating profits for the first quarter of this year as the bank recorded KD 25 million in net profits at a growth rate of 21 percent compared with last year, while the earnings per share amounts to 5.2 fils.

KUWAIT: LuLu Hypermarket celebrated its 22nd anniversary in Kuwait with a never-before sales promotion that offered up to 70 percent discount on items across all categories.

PARIS: Sales of electric cars are surging and expected to break another record in 2024, the International Energy Agency said on Tuesday, with China a big market for that growing demand.

LONDON: London’s FTSE 100 stocks index hit record highs Tuesday, catching up with major global peers that have struck all-time peaks this year as inflation cools.