KUWAIT: Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) reported solid results for the nine months ended 30 September 2021. The bank’s net operating profit stood at EGP 1.2 billion, reflecting a 21 percent increase compared to the same period in 2020. Total assets grew by 27 percent to reach EGP 52.4 billion. Net interest income grew by 14 percent to reach EGP 1.6 billion compared to the same period last year. 

KUWAIT: In line with Al-Ahli Bank of Kuwait’s (ABK) commitment to enhance customer service levels, the Bank signed a cooperation agreement with PACI to approve the ‘Kuwait Mobile ID’ application in electronic ID verification, authentication and digital signatures in banking transactions.

LONDON: Major oil producers agreed to continue modestly raising output despite pressure from the United States and other big consumer nations to open up the taps much more decisively amid soaring prices. 

WASHINGTON: Democrats rescued President Joe Biden’s faltering domestic agenda Friday, passing a giant infrastructure package that is one of the pillars of his $3 trillion economic vision after rebel moderates had earlier blocked a vote on his social welfare expansion. 

WASHINGTON: Boeing shareholders have reached a $237.5 million out-of-court settlement with the US aircraft manufacturer’s current and former directors in a 737 MAX aircraft safety negligence case, according to documents released Friday. 

SYDNEY: Trying to figure out how the stock markets work? These days you’re as likely to turn to a social media influencer for advice as a financial adviser dressed in a suit. 

STARA ZAGORA: Nikolay Dinev, 34, has worked as a coal miner for 12 years but now faces an uncertain future as an EU-wide exit from coal is being discussed at the UN’s COP26 climate conference in Glasgow. “It will be a disaster… The closure is inevitable,” Dinev told AFP on the outskirts of the Maritsa East complex in central Bulgaria.

MUMBAI: There’s a new generation of investors in town. They’re young, they get their tips on YouTube, and they’re armed with apps that make the stock markets more accessible than ever before. 

GLASGOW: Nineteen countries, including the United States, vowed yesterday to end direct funding for all unabated overseas fossil fuel projects by 2022, though major coal, oil and gas funders China, Japan and South Korea were absent from the pledge.