The Commercial Bank of Kuwait posted KD 62.7 million (USD 207 million) worth of net profits in H1 2024 with a profit per share at 34.9 fils.
Chairman Sheikh Ahmad Duaij Al-Sabah said in a press statement on Saturday that the operational profits befor…
Al-Ahli Bank of Kuwait announced on Saturday that it achieved net profits of KD 29.06 million (around USD 95.8 million) in the first half of 2024, a growth of 22 percent year-on-year, with earnings per share at 12 fils. The Al-Ahli Bank Group said in …
The US Department of Commerce said Friday that it signed a non-binding preliminary memorandum of terms (PMT) with Amkor Technology, Inc., to provide up to USD 400 million in proposed direct funding under the CHIPS and Science Act.
President Biden sig…
Gold prices fell more than 1% today as investors booked profits ahead of US economic data that could offer more cues on when the central bank will cut interest rates this year (2024) and by how much.
Spot gold fell 0.9 % to $ 2377.29 per ounce. US go…
Oil prices eased today due to concerns over weak demand in China, the world’s largest crude importer.
Brent crude futures for September fell 38 cents, or 0.5%, to $81.33 a barrel.
US West Texas Intermediate crude slid 33 cents, or 0.4%, to $77.26 pe…
The Republic of Korea’s economy unexpectedly slowed in the second quarter on softer private consumption and business investments, reinforcing expectations for a rate cut, but the central bank brushed off any excessive concern about the latest retreat …
