Kuwait’s corporate tax revolution: Phasing out by 2025
At the moment, only international businesses operating in Kuwait are liable to pay taxes on their income from capital gains and profits...
Tag : Kuwait
Kuwaiti Islamic banks to see improved profits despite regulatory pressure
The financial metrics of Islamic banks were resilient in the first half of 2023, benefitting from the stable operating environment...
Kuwait records first budget surplus in nine years thanks to soaring oil prices
Over the course of a year, Kuwait brought in 28.8 billion dinars, a 54.7 per cent increase over the previous year...
Ahli United Bank: Upholding principles of Shariah Audit with unwavering integrity
Over the years, Ahli United Bank's internal Shariah Audit team has consistently demonstrated exceptional expertise and proficiency in their responsibilities...
Gulf Payments Company: Facilitating cross-border payments in GCC
In 2016, due to the regional importance of cross-border payments, the Supreme Council of the GCC approved the establishment of the Gulf Payments Company...
Middle Eastern sovereign wealth funds poised for success: Global SWF
The estimated $10.6 trillion in sovereign wealth funds in 2022 is predicted to increase to USD 12.6 trillion by 2025 and USD 17.3 trillion by 2030...
Price competition eroding UAE insurers’ profitability?
AM Best said that the future outlook for the UAE market, as well as its correspondents in Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, remains stable...
Saudi Telecom sees record revenue rise amid 2Africa cable announcement
Saudi Telecom Company has announced that the Meta-led 2Africa subsea cable will be coming to Bahrain...
IMF loan not enough? Cash-strapped Egypt sells state assets to Gulf nations
The investments by Gulf states into Egypt last year helped to alleviate some of the immediate financing concerns that Egypt encountered, prior to securing further funds from the IMF...
10th Annual International Finance Awards: Biggest line-up set for grand event in Dubai
Some of the past winners of the International Finance Awards include Saudi Telecom Company, Sharjah Asset Management, Emirates NBD Egypt, BIDV, etc...