INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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

A picture of the Central Bank of Kuwait.
  • 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.