KUWAIT: Boubyan Bank has announced outstanding financial results for the period ending 30 September 2023, with KD 61.1 million in net profits, at a growth rate of 26 percent compared with last year, with the earnings per share of 13.9 fils.

ABU DHABI: The United Arab Emirates’ economic growth is strong, driven by robust domestic activity. Fiscal and external surpluses remain high on the back of high oil prices.

Interview by Salem Al-Medhen ABU DHABI, Oct 17 (KUNA) -- An official of Kuwait Direct Investment Promotion Authority (KDIPA) has affirmed necessity of establishing sovereign investment funds based on international partnerships for financing key projects.

ABU DHABI, Oct 17 (KUNA) -- Kuwaiti Finance Minister Fahad Al-Jarallah stressed Tuesday the importance of concerted efforts between public and private sectors in various regional and international forums in order to highlight the promising investment climate in the State of Kuwait.

BRUSSELS, Oct 17 (KUNA) -- EU Economic and Financial affairs Council added Tuesday Antigua and Barbuda, Belize and Seychelles to the EU blacklist of tax havens saying all three jurisdictions were found to be lacking with regard to the exchange of tax information on request.

TOKYO, Oct 17 (KUNA) -- Kuwaiti Ambassador to China Jasem Al-Najem confirmed Tuesday that the Belt and Road Initiative (BRI) is a development initiative that is consistent with the vision of New Kuwait.

CAIRO, Oct 17 (KUNA) -- Egypt and China inked Tuesday several framework agreements and Memorandums of Understanding worth approximately USD 14.75 billion, aiming to promote use of new energy sources and reinvigorate industries in Suez Canal Economic Zone.

ABU DHABI, Oct 16 (KUNA) -- Minister of Finance Fahad Al-Jarallah stressed Monday the importance of Kuwait's participation in the Eighth World Investment Forum (WIF) organized by the United Nations Conference on Trade and Development (UNCTAD), as it represents a significant and effective contribution to facing global investment challenges.

KUWAIT: As part of its keenness to reward its customers, Gulf Bank has announced Abdulaziz Fahad Ibrahim Al-Yagoot, as the lucky winner of the quarterly Al-Danah draw prize of KD 100,000 which took place on Oct 12, 2023 under the supervision and presence of representatives from both the Ministry of Commerce and Industry and Ernst & Young.