News report by Mohammad Abdulaziz KHARTOUM, A year into the brutal civil war in Sudan between the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF), this Arab country’s economy has suffered major losses estimated at billions …

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-…

KUWAIT, Kuwait Projects Company (KIPCO) plans to focus on investment growth as the cornerstone of its future plans and endeavors, the chief executive of the country’s largest listed investment firm Sheikha Adana Al-Sabah said on Tuesday.

KIPCO is har…

DOHA, Undersecretaries of the ministries of commerce of the GCC member countries convened their 58th meeting in Doha on Tuesday to prepare for the 66th ministerial meeting of the committee on trade cooperation.

The delegation of the State of Kuwait i…

Manama, The Labour Fund, Tamkeen, has announced its support for the establishment of PwC Middle East’s Regional Service Delivery Centre in Bahrain, which will provide advisory and operational services across sectors. This initiative aligns with the go…

Abu Dhabi, ADQ, an Abu Dhabi-based investment and holding company, today announced the launch of a US$180 million technology-focused fund, Jasoor Fund (the Fund), with Oman Investment Authority (OIA) represented by ITHCA Group. This commitment is part…

Manama, Aluminium Bahrain B.S.C. (Alba) announced a significant milestone towards the commercial operation of its Power Station 5 (PS 5) Block 4 Project with the First Fire of the Mitsubishi Power M701JAC Gas Turbine (GT).

This achievement marks a ke…