Banking and FinanceFeaturedSeven banks in Kuwait make it to the prestigious listInternational Finance Business DeskSeptember 12, 2022September 12, 2022 by International Finance Business DeskSeptember 12, 2022September 12, 2022 Kuwait ranked fourth in terms of the number of banks that entered the list of the largest 1000 banks in the world... Read more
FeaturedTechnologyUAE tops the list for 5G download speed in GCCInternational Finance Business DeskSeptember 7, 2022September 7, 2022 by International Finance Business DeskSeptember 7, 2022September 7, 2022 UAE tops the list for 5G download speed, but Kuwait takes the cake for 5G video experience, scoring 72.4 out of 100... Read more
Banking and FinanceFeaturedThe rebound of Kuwait forex reservesInternational Finance Business DeskSeptember 5, 2022 by International Finance Business DeskSeptember 5, 2022 Kuwait's gold reserves, which the World Gold Reserve Council estimates to be around 79 tonnes, have remained constant as in all previous years... Read more
FeaturedOil & GasKuwait oil revenues reach $38.10 bn in 2021IFM CorrespondentJanuary 18, 2022 by IFM CorrespondentJanuary 18, 2022 The gulf OPEC member recorded a budget deficit of Dh682.4 mn in the first nine months of the fiscal year... Read more
FeaturedTelecomZain to sell over 2600 towers in Jordan to TASC Towers for $88 mnIFM CorrespondentDecember 16, 2021December 16, 2021 by IFM CorrespondentDecember 16, 2021December 16, 2021 The telco announced a 15-year agreement to sell and leaseback the passive physical infrastructure of its towers... Read more
BankingFeaturedAhli United Bank’s highly competent IT team earns recognitionInternational Finance Business DeskDecember 13, 2021 by International Finance Business DeskDecember 13, 2021 AUB wins the ‘Best Business IT Innovation Award-Kuwait 2021’ for the second time... Read more
FeaturedOil & GasKuwait backs OPEC+ plan to increase oil outputIFM CorrespondentNovember 1, 2021 by IFM CorrespondentNovember 1, 2021 OPEC+ announced a monthly increase of 400,000 barrels to ensure the oil supply balance in the global market... Read more
BankingFeaturedTreasury Department a major contributor to Ahli United Bank Kuwait’s profitabilityInternational Finance Business DeskSeptember 6, 2021September 6, 2021 by International Finance Business DeskSeptember 6, 2021September 6, 2021 Digital platforms and automation of processes were the main focus in Treasury from front to back and end-user... Read more
BankingFeaturedKuwait banking sector releases financial reports for Q1International Finance Business DeskMay 24, 2021May 24, 2021 by International Finance Business DeskMay 24, 2021May 24, 2021 The banking sector has been able to overcome the effects of Covid-19 because of the 43 measures taken by the Central bank of Kuwait... Read more
EconomyFeatureMagazineGCC establish economic diversification amid Covid-19International Finance Business DeskMarch 31, 2021April 8, 2021 by International Finance Business DeskMarch 31, 2021April 8, 2021 Oil and gas production continues to represent over 40 percent of GDP in most of the economies... Read more