BEIRUT, Aug 3 (KUNA) -- Lebanon on Thursday hosted a gathering bringing together businessmen and bank officials from across the wider Arab region, allowing the two sectors a viable opportunity to explore greater cooperation.

LONDON, Aug 3 (KUNA) -- The Bank of England (BoE or the central bank of UK) on Thursday, increased the interest rate by 0.5 to reach 5.25 percent, for the 14th time since December 2021 to help slow down inflation rates that reached 7.9 percent.

By Mohammad Al-Mutairi KUWAIT, Aug 3 (KUNA) -- Acting Director General of Kuwait Fund for Arab Economic Development Walid Al-Bahar said that the unprecedented global consensus in support of Kuwaiti right is due to the Kuwait foreign policy.

KUWAIT, Aug 3 (KUNA) -- Shamal Az-Zour Company reaped KD 6.4 million (USD 19.5 million) worth of profits in H1 2023 vis a vis KD 7.2 million (USD 21.9 million) in the same period of the past year.

KUWAIT: Gulf Bank held its investors webcast on Tuesday (Aug 1) to present and discuss the bank’s financial performance for H1-2023.

ABUJA: Hundreds of Nigerian workers across various sectors were on strike Wednesday over the rising cost of living following the removal of subsidy on petrol. 

WASHINGTON: Fitch downgraded the United States’ top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an “erosion of governance” that has manifested in debt limit standoffs.

BEIRUT, Aug 2 (KUNA) -- In the throes of a deep economic crisis, exacerbated by soaring public debt, even a semblance of prosperity in Beirut seems improbable at a time where more than 70 percent of the population lives below the poverty line.

KUWAIT: National Bank of Kuwait (NBK) is keen to provide Privilege Banking Customers with unmatched experience comprising an array of top-notch banking products and services and a variety of offers that are relevant to their unique lifestyle.