KUWAIT: Aggregate net profits reported by companies listed on GCC exchanges reached a new record high during Q3-21 at $55.5bn, an increase of 123.4% y-o-y and 22.7% q-o-q. The increase reflected positive earnings growth across the seven exchanges in the region with Kuwait leading during the quarter led by an aggregate net profit of $5.6bn, an increase of almost six folds. 

KUWAIT: ABCK – AmCham Kuwait hosted a webinar on the topic of ‘Kuwait’s Future Energy Sector’ presented by Sarah AlUsaimi, Industrial Engineering Specialist at Kuwait Authority for Partnership Projects at the Kuwait Authority for Partnership Projects (KAPP), and Fred Shuaibi – Energy Focus Group Chair (ABCK-AmCham Kuwait) and Partner in Charge at KNDR.

KUWAIT: The Federal Reserve released the minutes of their meeting from earlier this month expressing their concern about inflation. Fed officials said they would be willing to raise interest rates if inflation keeps on rising. 

NEW YORK: Americans returned to stores for the “Black Friday” kickoff of the holiday shopping season, but online data shows that consumers have been spending big for weeks amid worries over shortages. The day after the US Thanksgiving celebration is the traditional start to the holiday shopping season, and normally sees Americans line up outside stores before they open to clinch deals on popular items.

BANGKOK: A new $6 billion Chinese-built railway line opens in Laos this week, bringing hopes of an economic boost to the reclusive nation, but experts are questioning the benefits of a project that has seen thousands of farmers evicted from their land. 

KUWAIT: LuLu Hypermarket, the retail leader in the region, launched its popular year-end Super Friday promotion that offers super deals on a host of super products across all categories. The promotion, which runs simultaneously at all outlets of the hypermarket, is also available online at  www.luluhypermarket.com.

KUWAIT: With a new and impressive achievement amongst the investment companies, NCM Investment won a new award that is added to the company’s rich list of already existing ones over the past years, as it secured the title of the “Most Reliable Forex Broker of the Year 2021” from World Business Outlook.

KUWAIT: With a new and impressive achievement amongst the investment companies, NCM Investment won a new award that is added to the company’s rich list of already existing ones over the past years, as it secured the title of the “Most Reliable Forex Broker of the Year 2021” from World Business Outlook.

KUWAIT: In the spirit of enabling Chinese investors to do ‘business better’ in Kuwait, KPMG in Kuwait announced the launch of the China Business Desk in a hybrid seminar.