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Banking and Finance

Banking and Finance latest

Boursa Kuwait approves 2025 results and authorizes cash dividends of over KD 25.5 million
April 5th, 2026 - 10:23 GMT

Boursa Kuwait approves 2025 results and authorizes cash dividends of over KD 25.5 million

Boursa Kuwait held its ordinary general assembly meeting for the year 2025 today, Sunday, 5 April 2026, chaired by Chairman Mr. Bader Nasser Al-Kharafi, with an attendance rate of 70.31% of shareholders. During the meeting, the assembly approved all items on its agenda, foremost among them the Board of Directors' recommendation to distribute cash dividends of 127 fils per share, totaling 25,498,520 Kuwaiti dinars (twenty-five million, four hundred ninety-eight thousand, five hundred and twenty Kuwaiti dinars only). These dividends are payable to shareholders registered in the company's records at the ...
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The crown prince, facing US pressure to tame surging oil prices, also said that the Kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions. (Shutterstock)
October 8th, 2018 - 05:33 GMT

Bin Salman's Aramco IPO Confirmation Falls Deaf on Saudi and GCC Stocks

In addition to the daily draw, Burgan Bank also offers a Quarterly Draw with more chances to win higher rewards, offering the chance to one lucky customer to win KD 125,000 every three months.
October 8th, 2018 - 05:27 GMT

Burgan Bank Announces Names of the Daily Lucky Winners of Yawmi Account Draw

ADX CEO Rashid Al Blooshi, and Aldar CEO Talal Al Dhiyebi rang the bell to mark the dual listing of the sukuk. (Shutterstock)
October 8th, 2018 - 05:23 GMT

ADX Welcomes Historic Aldar Investments Debut With $500 Million Sukuk Listing

Bank Sohar is committed to the appointment of Omanis in all positions and especially in top management levels.
October 7th, 2018 - 11:38 GMT

Bank Sohar Appoints Mr. Khalil Al Hedaifi as Chief Retail Banking Officer

Alex Coelho, CEO of Al Hilal Bank and Sultan Al Mahmood, Chief Human Resources Officer of Al Hilal Bank
October 7th, 2018 - 09:01 GMT

Al Hilal Bank Receives Human Resources and Emiratisation Award From MoHRE

Erdogan urged Turks on Tuesday to report stores that had imposed unusual price hikes during the currency crisis, and said authorities would raid those businesses if necessary. (AFP)
October 7th, 2018 - 07:20 GMT

Erdogan to Fine ‘Opportunists’ Taking Advantage of Volatile Foreign Exchange Rate

A first in Oman, NBO terminals will accept all contactless Mastercards, issued both in Oman and abroad.
October 7th, 2018 - 07:04 GMT

NBO Makes Payments Easier With 5,000 Contactless Touch Points Across Oman

During the meeting, the two sides conferd on the use of national currencies in bilateral trade, the use of financial messaging systems, the increase of the level of brokerage relationships, and the funding of civil and development projects. (Shutterstock)
October 7th, 2018 - 05:25 GMT

Iran, Russia Mull Ditching Dollar in Trade Ahead of US Sanctions

When the price of wheat or cooking oil or milk in local markets increases, even by the smallest amount, the impact is catastrophic and immediate. (Shutterstock)
October 7th, 2018 - 05:10 GMT

Famine to Hit Millions in Yemen Due to Currency Crisis

 The program brings together a global network of innovators ranging from startups to banks and merchants to shape the future of commerce in an agile and accelerated manner.
October 4th, 2018 - 10:10 GMT

Mastercard Drives Global Startup Ecosystem at Connecting Tomorrow Forum

The move, which is part of the company's ‘Beat the Heat’ initiative, resulted in the distribution of more than 1,000 water bottles to laborers across the UAE.
October 4th, 2018 - 10:05 GMT

Al Ansari Exchange Hands Out Cool Water Bottles to UAE Laborers via ‘Beat the Heat’ Initiative

Deloitte’s global strategy and multidisciplinary business model continued to deliver successes in FY2018.
October 4th, 2018 - 09:41 GMT

Deloitte Announces Record Revenue of $43.2 Billion

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