LONDON, Feb 1 (KUNA) -- The Bank of England announced on Thursday that it would hold interest rates at 5.25 percent for the fourth time in a row.

KUWAIT: Boubyan Bank recorded a net profit of KD 80.4 million for the year 2023; a growth rate of 39 percent compared with 2022, with an earnings per share of 18.8 fils; while continuing its precautionary approach by allocating KD 31.7 million in provisions.

BITTERFELD-WOLFEN, Germany: Once a byword for environmental disaster due to its heavy industry and mining, the city of Bitterfeld-Wolfen is poised to become a key site for Germany’s ambitious green transition.

SAN FRANCISCO: Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue.

KUWAIT: National Bank of Kuwait (NBK) released its full year 2023 financial results for the twelve months period ended Dec 31, 2023. The Group recorded a net profit of KD 560.6 million ($1.8 billion), up 10.1 percent year-on-year from KD 509.1 million ($1.7 billion) in 2022.

WASHINGTON, Jan 31 (KUNA) -- The Federal Open Market Committee (FOMC) voted unanimously on Wednesday to keep the targeted range of the benchmark interest rate unchanged between 5.25 percent and 5.5 percent, for the fourth straight policy meeting, as the inflation rate remains high.

DOHA, Jan 31 (KUNA) -- QatarEnergy has announced the award of the four main Engineering, Procurement, Construction, and Installation (EPCI) contracts, worth USD six billion, related to the development phase of the offshore Al-Shaheen field to increase production by about 100,000 barrels of oil per day (bpd).

KUWAIT, Jan 30 (KUNA) -- Kuwait's budget deficit in the fiscal year 2024/2025 is expected to hit KD 5.89 billion (USD 19.15 billion), down 13.5 percent compared to the current year, according to a draft budget bill released by the Ministry of Finance Tuesday.

BRUSSELS: The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday.