Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe

Business

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

Kuwait issues bonds, tawarruq to the tune of $792m

A picture of the Central Bank of Kuwait.
By TRENDS Desk
March 28, 2022 7:53 pm
  • According to a statement released by the bank, the rate of return is set at 1.625 percent
  • The bank also issued bonds and tawarruq as of March 21 valued at 220 million Kuwait dinars ($660 million) for three months standing at a rate of returns of 1.375 percent

The Central Bank of Kuwait has issued bonds and tawarruq for six months with an accumulated value of $792 million.

According to a statement released by the bank, the rate of return is set at 1.625 percent.

The bank also issued bonds and tawarruq as of March 21 valued at 220 million Kuwait dinars ($660 million) for three months standing at a rate of returns of 1.375 percent, local media reported.

 

Most Read