• Nabil Shuail shares his experience with Gulf Bank’s new mobile app

    KUWAIT: Gulf Bank has recently made significant strides in its digital services, notably with the launch of a new mobile banking app. As a result, the statement “Switch to Gulf Bank today and enjoy its benefits forever” has shifted from just words to a concrete reality.

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  • Burgan Bank records operating profit of KD 106 million in 2023

    KUWAIT: Burgan Bank (“Burgan” or “the Bank”) announced its financial results for the fiscal year ending December 31, 2023 (FY’23). The Bank capped off a pivotal transformational year with healthy revenue, stable asset levels and a solid capital base.

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  • NBK MONEY MARKETS REPORTUS inflation sticky as Japan, UK enter technical recession

    KUWAIT: Higher than expected inflation data in the US drives significant movements in currencies, equities, and bonds across the board while the consumer price index report showed a higher-than-expected figure for January, at a 0.4 percent month-over-month beating expectations of 0.3 percent. Meanwhile the year-over-year figure was up 3.1 percent, down from 3.4 percent in December, while remaining higher than the 2.9 percent expected figure.

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  • UAE's non-oil trade hit record of USD 953 bln in 2023

    ABU DHABI, Feb 18 (KUNA) -- The United Arab Emirates' non-oil trade reached a record high of 3.5 trillion dirhams (USD 953 billion) in 2023, UAE's Deputy President and Prime Minister Sheikh Mohammad bin Rashid Al-Maktoum said on X on Sunday.

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  • USD down to KD 0.307, EUR up to KD 0.331

    KUWAIT, Feb 18 (KUNA) -- The exchange rate of the US Dollar fell on Sunday by 0.06 percent to KD 0.307, while the Euro rose by 0.41 percent to KD 0.331, compared to Thursday's prices, the Central Bank of Kuwait (CBK) reported.

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  • Japanese humble ‘onigiri’ rice balls get image upgrade

    TOKYO, Feb 15 (KUNA) -- Japan's economy shrank at an annualized pace of 0.4 percent in the October-December period of 2023 for the second straight quarterly contraction, chiefly due to weak consumer spending and business investment amid inflation, government showed Thursday.

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  • Burgan Bank crowns second winner of Kanz annual KD 1,500,000 draw prize

    KUWAIT: Stemming from its committed strategy for rewarding its customers, elevating their lifestyle, and supporting them in achieving their aspirations, Burgan Bank crowned the second winner of the Kanz annual KD 1,500,000 draw prize, Zinab Maylood AlBader, in a celebration that was held at the Burgan head office and attended by the Bank’s top management only.

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  • France, Germany block EU deal on app worker law

    BRUSSELS: France and Germany on Friday refused to back a watered-down agreement on controversial EU rules covering app workers in the gig economy, European diplomats said.

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  • NBK unveils ‘NBK Wealth’ brand

    KUWAIT: National Bank of Kuwait (NBK) revealed the launch of its prestigious “NBK Wealth” brand, positioning itself as a leading global organization and one of the most significant regional groups in comprehensive wealth management.

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