KUWAIT, National Bank of Kuwait (NBK) has reported a net profit of KD 146.6 million (USD 476.8 million) in the first quarter of 2024, compared to KD 134.2 million (USD 436.6 million) for the corresponding period in 2023, improving by 9.2 percent year-…

Riyadh: Riyadh will host the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth, and Energy for Development on 28 – 29 April, under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Pri…

Dhahran, Aramco, one of the world’s leading integrated energy and chemicals companies, said in a statement issued today that it has entered into discussions with Hengli Group Co., Ltd. (Hengli Group) regarding the potential acquisition of a 10% stake …

Riyadh: The Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) announced today the signing of definitive agreements whereby PIF will acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL) from stc Group. TAW…

Riyadh: stc Group CEO Olayan Mohammed Alwetaid said that the largest telecommunications towers company in the region became a reality following PIF’s signing of definitive agreements to acquire a majority stake in Tawal.

Alwetaid, in a statement to t…

Jeddah: CEO of Jeddah Airports Company (JEDCO) Mazen Johar, has highlighted the implemented measures to facilitate passengers’ procedures during the peak season of Umrah, spanning from Ramadan until the 9th of Shawwal.

Johar highlighted that these me…

Riyadh: King Abdullah City for Atomic and Renewable Energy (KACARE) is participating in the World Energy Congress, which is taking place in Rotterdam, the Netherlands, from April 22 to 25.

By taking part in the event, KACARE aims to show the Kingdom’…

Hannover, The Minister of Industry and Mineral Resources and Chairman of the Board of Directors of the Saudi Export Development Authority (Saudi Exports), Bandar bin Ibrahim Al-Khorayef, inaugurated the “Saudi Made” pavilion today at the Hannover Mess…

Jeddah: Jeddah Airports Company (JEDCO) issued a recent press release detailing the operational performance of King Abdulaziz International Airport (KAIA), in Jeddah, during the peak Umrah season.

The season, coinciding with the holy month of Ramadan…

Riyadh: A delegation from the Saudi Export Development Authority (Saudi Exports) is presently on an official visit to the Sultanate of Oman from April 22-23, 2024. The visit aims to review several topics related to enhancing the access of national pro…

Manama, This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 221%.

The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.

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Manama, Bahrain All Share Index has closed at 2,016.40 points, marking a decrease of 0.54 points below the previous closing.

This decrease was due to the drop in the Financial Sector and Industrials Sector.

Bahrain Islamic Index has closed at 762.93…