ArabianBusiness.com - Middle East Business News
Tuesday, 11 August 2020 05:11 UAE time

YOUR DIRECTORY /

National Bank of Kuwait (NBK)

Main Category: Commercial Bank
First Address : PO Box 95
Second Address : Abdullah Al Ahmad Street
City : Safat
Country : Kuwait
Website: www.nbk.com


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ALL STORIES LIST


Food prices drive Kuwait July inflation up to 4%

On the month, consumer prices in the OPEC member picked up 0.6 percent.

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Adviser held meetings for Kuwait NBK's stake sale - paper

Stake in National Bank of Kuwait could exceed 10 percent, Al Qabas daily says.

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Dana leads Abu Dhabi; Dubai, Kuwait at 16-wk high

UPDATE 3: Dana Gas hits an eight-month high on Thursday as traders buy low-value stocks on ADI.

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Kuwait's NBK 10% rights issue starts Oct 5

The subscription period for the issue will end on October 21 - National Bank of Kuwait.

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New measures needed to boost Kuwait real estate

Property firm Emaar Alahlia stresses importance of gov't's five-year dev plan.

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The top 20 bankers in the Gulf

Here, in no particular order, is a round up of the bank CEOs we hear most in the Arabian Business offices, usually for the right reasons.

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Kuwait real estate sales fall 42% in July

Report by the National Bank of Kuwait shows only 415 transactions registered for the month.

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Kuwait to see budget surplus in current fiscal year - NBK

The Gulf emirate has projected a deficit of around $22.2bn for the 2010-11 fiscal year.

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Bahrain Financial Harbour gets $240m Islamic financing

Company will use the financing to repay a $134m sukuk and other obligations.

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Kuwait's NBK shareholders get stake sale offer

At least 2 shareholders of Kuwait's biggest lender have got offers to sell a 10% stake.

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Kuwait economy to grow 3% in 2010 – NBK

Fifth largest economy in the region expected to enjoy a rebound in GDP of around 18%.

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Kuwait real estate market slows in June - NBK

Report says total value of transactions slumps by 30% compared to previous month.

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Kuwait's NBK Q2 net profit jumps 10 percent

Net income in the first half of the year was KD145.2m ($500.7m), NBK said in a statement.

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NBK buys stake in Turkish medical group, plans IPO

NBK Capital buys a  30 percent stake in Turkey's World Eye Hospital Group.

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Kuwaiti house sales up 130% in March

Official data reveals massive surge in real estate transactions compared to same period in 2009.

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The cautious approach

National Bank of Kuwait has had a good recession due to its reluctance to diverge from the basics, its chief economist says.

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Kuwait's NBK Q1 net profit rises 20% to $264m

Company continued to benefit from its expansions in the Middle East.

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NBK increases Boubyan stake to 47%

Bourse data shows the country's largest lender has raised its stake in the Islamic bank.

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NBK gets approval to increase Boubyan Bank stake

Kuwaiti lender gets appproval from the central bank to increase stake to 60%.

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Kuwait's NBK gets nod for Syria branch - agency

National Bank of Kuwait has obtained initial nod of Syrian, Kuwaiti monetary bodies.

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Kuwait's Boubyan share issue over 85% covered

Bank planned to raise capital by 50%, at 250 fils per share, to $609.9m.

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NBK reports 4% profit rise for 2009

National Bank of Kuwait saw net income rise to $925m in 2009; Q4 profit surged more than fivefold to $221m.

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Poll sees Gulf states adopting single currency by 2015

UAE to deal with domestic issues before reconsidering joining single currency plan.

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SABIC lifts Saudi market; ME bourses mixed

Chemical firm to have good 2010, if global economy remains stable and continues growth.

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Saudi rises as Dubai and Qatar markets rebound from slumps

Saudi banks extend gains as investors bet underperforming sector will improve in 2010.

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NBK plans to raise its capital by 10%

UPDATE 1: Kuwait's biggest lender to raise capital through rights issue by year end.

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Kuwait real estate sales up 41%

Official data shows impressive growth to Nov, rising to $672m, including 36% rise in residential deals.

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Kuwait's population stable as expats hit by job losses

Around 3.4m living in Gulf state, private sector takes brunt of fall in worker numbers.

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National Bank of Kuwait posts 10% rise in Q3 profit

Net income came in at KD75.5m, compared to KD68.59m in same period last year.

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UAE could lag GCC economic recovery - NBK

Kuwaiti bank says economic growth is likely to be hampered by high debt levels.

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Qatar economy shows signs of recovery - NBK

Successive money supply increases indicate upturn in Gulf state - report.

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Kuwait property sales up 8.6% in Aug

Real estate sales see first rise of this year, official data shows gradual recovery happening.

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NBK launches third KD Ijara fund

Third version of Sharia compliant fund, on offer to investors through October 11, set to run for 5 years.

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NBK raises stake in Boubyan to 40%

Kuwait's biggest lender increases its stake, has hopes for Boubyan to become its Islamic banking arm.

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155 axed workers receive Kuwaiti gov't benefits

New initiative's chief appeals to local companies to help redeploy sacked staff.

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NBK launches second KD Ijara fund

Lender’s latest fund follows successful launch of predecessor in June which was fully subscribed in 3 days.

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Moody's affirms NBK rating, downgrades Burgan Bank

Rating action reflects weakening credit conditions in Kuwait - rating agency.

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Kuwait budget surplus falls 59%

New NBK report says 88% rise in spending driven by extraordinary transfers, high fuel costs.

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Cautious UAE banks may hamper govt stimulus spending

UAE's weak monetary growth may indicate spending is failing to boost economy - NBK.

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Kuwaiti banks post H1 profits despite global downturn

Profits come against backdrop of implementation of financial stability law.

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NBK buys 13.2% of KIA’s stake in Boubyan for $295m

NBK buys 154 million shares for $295m, taking its holding to 27.5%.

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Kuwait's KFH sees Q2 profits hit by provisions

Gulf's 2nd largest Islamic lender does not reveal level or purpose of provisions.

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Kuwait's NBK sees 32.7% drop in Q2 profits

NBK boss Ibrahim Dabdoub sees fall in funds, but expects good year results.

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Saudi's Alinma Bank examining further project funding

CEO says bank looking at King Abdullah Financial Center in Riyadh among others.

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Kuwait real estate sales fall to 5 month low

National Bank of Kuwait report says 314 deals done in May, down 17% on previous month.

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Future of oil price to remain uncertain - report

National Bank of Kuwait report predicts GCC oil exports to fall by 40 percent this year.

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Al-Tuwairqi said to hire HSBC for debt restructuring

UK bank to oversee Saudi steelmaker’s bank loans, according to sources.

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Kuwait's KIA to auction stake in Boubyan

UPDATE 1: Sovereign wealth fund looking to offload 20% stake via public auction in July. 

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NBK raises Boubyan Bank stake

National Bank of Kuwait becomes third-largest shareholder in the Islamic lender.

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Kuwait's largest bank puts expansion plan on hold

EXCLUSIVE: NBK chief exec says bank is 'going back to basics' amid global economic crisis.

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Kuwait surplus to shrink amid 'gloomy' 2009 - NBK

National Bank of Kuwait sees Gulf state stay in surplus but at much reduced level.

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Kuwait investment firm disputes Boubyan stake sale

Dar has filed a lawsuit against Commercial Bank of Kuwait over Islamic lender stake.

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NBK buys 19.1% in Islamic lender for $420m

NBK to buy Commercial Bank of Kuwait's stake in Boubyan Bank as part of strategic drive.

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Kuwaiti real estate sales rise 8%

Commercial property leads the way, according to National Bank of Kuwait report issued Saturday.

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Kuwait inflation predicted to fall to 6% in 2009

National Bank of Kuwait's research shows impact of economic crisis on country.

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Kuwait's NBK Q1 profit falls 22.6% on provisions

Kuwait's biggest bank by assets posts net profit of $216.9m amid global downturn.

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'Worst over' for Kuwaiti banking sector

Q1 profits expected to decline year on year, but improve from losses in prior quarter.

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Crisis will see fewer nationals working in private sector

GCC youngsters likely to opt for public sector jobs where pay will be maintained, NBK.

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Kuwait shares post major gains

Market posts biggest one-day gain since December as stalled economic reforms may now speed up.

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Kuwait's NBK bank on course to match Q1-2008 profit - CEO

National Bank of Kuwait chief does not see need for provisions in 2009, for the time being.

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Emirate on the edge

Kuwait's government is under pressure to reinforce the nation's financial sector and stabilise its political system.

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Call for KIA to invest in local banks

Bank chief says Kuwait's sovereign wealth fund should help economy by investing in local banks.

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Unemployment among Gulf nationals predicted to rise

New NBK report says economic downturn will limit job creation in public sector.

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Top Kuwaiti banker calls on gov't for stimulus

CEO of NBK Group predicts economy can ride out global crisis by year-end if gov't acts.

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Kuwait's NBK urges more govt support for stock market

Head of Kuwait's largest bank by assets feels rate cuts and liquidity pumping is not enough.

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Kuwait economy will contract 4% this year - NBK

Decline in GDP will be led by oil sector, but non-oil sector may slow 2%.    

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Kuwait's NBK Q4 profit dips; CEO upbeat on '09

UPDATE 1: Gulf nation's biggest bank provides to offset impact of global financial crisis.

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Kuwait posts 9.82 billion dinars surplus

Kuwait has confirmed a preliminary budget surplus of 9.82 billion dinars despite falling crude oil prices.

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NBK sees OPEC cuts vital for oil price recovery

Analysts say price could languish at low levels if members don't cut output as agreed.

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Qatar ends 9-day losing streak; UAE markets end mixed

UPDATE 4: Shares of Industries Qatar and Qatar National Bank lead rally in Doha.

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Gulf markets slump to fresh multi-year lows

UPDATE 6: Most Arab bourses end in red after bellwether company posts dismal profit.

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Kuwait, Oman, Qatar markets end at multi-year lows

UPDATE 8: Investors fear poor Q4 results and lack of immediate government action.

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Kuwait urged to spend to ride out economic turmoil

Fiscal stimulus package needed for infrastructure projects - NBK report.

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New report sees Kuwaiti inflation at 6%

National Bank of Kuwait brief says rate will stabilise in Q1 of 2009 after 2008 highs.

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Kuwait on the rise

Benjamin Franklin supposedly once said that there never was a good war or a bad peace. He'd obviously never been to Kuwait.

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Surging ahead

BMI forecasts Kuwait's construction industry to grow at 4.22% during 2008-12.

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NBK gets approval to buy stake in Boubyan

Kuwait's largest bank by assets secures central bank approval to buy up to 40% in Islamic lender.

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Kuwait's largest lender falls short of profit target

Chief exec of National Bank of Kuwait says it will not hit 2008 profit forecast of $1.17bn.

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Moody's mulls downgrade for four Kuwaiti banks

Concerns over real estate exposure leads investors service to put banks on review.

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Kuwait sees big spike in 2008 revenues

Report reveals Gulf state's economy posted $35bn surplus for first seven months of fiscal year.

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NBK gets share buyback approval

National Bank of Kuwait, the country's largest lender, wins central bank approval to buy back 10% of stock.

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NBK not affected by Gulf Bank troubles - CEO

Dabdoub says Kuwait's biggest lender expected to meet its 2008 profit target, flight to quality.

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Kuwait's NBK Q3 down as bourse slides

Quarterly profit down 9.9% to $257mn, hit by losses on Kuwaiti and Qatari markets. 

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Kuwait property sales in July up 50% month-on-month

Sales in first seven months still 25% down on year earlier period, says bank report.

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Kuwait inflation 'to fall to 7-8% by end of year'

Arab state's National Bank says new strategy to fight rising costs will have impact.

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Kuwait bank makes first foray into Dubai

National Bank of Kuwait opens first branch in city as part of regional expansion plan, says chief executive.

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Desert dreams

Spurred by oil and a buoyant banking sector, Kuwait's economy is expanding at a terrific pace.

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Kuwait's Nat'l Industries Q2 net falls 41%

Previous year's figures helped by one off-gains; aiming for average 15% growth to 2012.

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Gulf banks post bumper profit as economies boom

Q2 earnings top forecasts economies benefit from high oil prices and low rates.

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Kuwaiti bank profits up despite lending restrictions

Q2 earnings surge as economy booms and as banks shrug off consumer lending rules.

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NBK online banking customers targeted by phishing attack

Phishing attack attempts to steal account details of National Bank of Kuwait online banking customers

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Kuwait's NBK expects 20% profit surge in H1

Net income of country's biggest lender boosted by Middle East expansion, CEO says.

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Syria proposes KIA venture

Syrian president Bashar Al-Assad intends to enter joint venture with $213bn Kuwait Investment Authority.

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NBK posts record profit

Kuwaiti lender sees earnings jump 28% in Q1, helped out by income from its foreign operations.

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Kuwait budget surplus tops $32bn

Oil-rich state posts record revenues of $72bn, up 130% on budget projection, NBK estimates.

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NBK buys Al Watany Bank of Egypt

Kuwait bank wins bid as part of 'expansion strategy in the region' says chief exec.

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NBK Capital plans $700mn Islamic bond sale

Investment arm of National Bank of Kuwait plans expansions in Egypt, Saudi and Qatar.

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Gulf markets rebound

Stocks across region push markets to higher close, bar Saudi which drops for fifth time in six days.

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NBK expects 2008 earnings surge

WEF: National Bank of Kuwait forecasts annual profit to rise by up to 15% this year, chief exec says.

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Under administration

The region's fund managers are making more use of independent custodians and administrators, and demanding increasingly sophisticated services, ABF discovers.

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Kuwait set to cut lending rates

Central bank will likely reduce key discount rate soon despite record inflation, National Bank of Kuwait says.

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NBK share rights issue 145% oversubscribed

Kuwait's largest lender receives subscriptions worth more than $3.7bn.

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NBK launches $1.5bn rights issue

National Bank of Kuwait opens share sale to existing investors to help pay for acquisitions.

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Savola moves on Turkish edible oil market

Saudi-based group acquires 100% of shares in Turkey's Yudum for $53mn.

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Kuwait's NBK offers full AlWatany buyout

National Bank of Kuwait offers to buy out any minority investors in AlWatany Bank of Egypt.

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NBK profits near record high

National Bank of Kuwait posts second-largest profit ever in Q3 as Kuwait's economy booms.

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NBK on track to hit full-year growth target

Kuwait's biggest lender expected to report robust growth in Q3, net income up 15.6%.

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Kuwait unleashes anti-inflation policies

Kuwait to clamp down on price gougers after lawmakers called on gov't to take action against inflation.

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MPs demand action as costs spiral

Kuwaiti lawmakers call on gov't to curb rising prices as food and housing costs fuel inflation.

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NBK eyes Saudi expansion

Kuwait's largest bank wants to expand in KSA as home competition intensifies with foreign banks entering market.

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Kuwait probes property price hike

The Kuwaiti government is to form committee to investigate a jump in prices of real estate and land plots.

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National Industries buys NBK treasury stock

Kuwait's group acquires most of treasury stock sold last week by National Bank of Kuwait.

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Tomorrow the world

The National Bank of Kuwait has upgraded its network, deployed a datacentre as well as disaster recovery solutions and is working on a fibre backbone as it sets its sights on becoming an international player.

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Storm hits Cayman Islands firms

Hurricane sweeps through offshore financial centre.

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NBK wins race for Al-Watany Bank

National Bank of Kuwait (NBK) has won control of Egypt's Al-Watany Bank and may increase its stake to 100%.

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First Kuwaiti sukuk programme

The first Kuwaiti sukuk programme has been introduced.

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NBK to raise $1.45bn to fund acquisitions

National Bank of Kuwait will sell stock to existing investors to pay for acquisitions in Turkey and Egypt.

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NBK plans $106mn Syrian affiliate

National Bank of Kuwait plans 49% stake in new lender reflecting growing Gulf Arab interest in country.

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NBK pays top dollar for Egypt’s Watany

The National Bank of Kuwait (NBK) has paid the highest acquisition price in its history in order to takeover Al Watany Bank of Egypt beating off rivals Commercial Bank of Kuwait.

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NBK buys Al-Watany for $522mn

UPDATE 12.30pm: National Bank of Kuwait says it wants to raise stake in Egyptian lender up to 100%.

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Kuwaiti bank buys into Turkish lender

National Bank of Kuwait agrees to purchase a 40% stake in Turkish Bank for $160mn.

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Kuwait's booming housing market

Real estate sector continues to boom due to burgeoning housing market, but low-income housing still in demand.

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Candidates for consolidation

The region's banking sector is facing up to the biggest shake-up it has ever witnessed during its tender 50-year history.

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Banking in the GCC

Will the banking industry be the next sector to feel the wind of change sweeping through the Gulf?

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Kuwait property sales up 26% in May

Real estate booms compared with 2006 as sales hit $800m last month.

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Mashreqbank, NBK compete for Egypt stake

The two GCC banks are part of five lenders vying for a share of Egypt's Alwatany.

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Kuwaiti property sales in record growth

National bank says April saw fastest ever growth in property sales.

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Gulf economies face real estate risk

NBK says outlook bright, but ability of banks to absorb real estate shock has not yet been tested.

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NBK set for six new Jordan branches

Kuwait's national bank has been given approval for six more branches in the Kingdom.

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NBK sets sights on Turkish acquisition

National Bank of Kuwait has confirmed it hopes to buy a 30% stake in an unnamed Turkish bank.

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Revealed: Gulf's most admired companies

Arabian Business has published its '50 Most Admired' list of regional companies.

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NBK sees 13% boost in profits

The National Bank of Kuwait has reported a hike in 2007 Q1 net profits.

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Kuwait's NBK still eyes Saudi bank

National Bank of Kuwait seeks to enter the KSA market via a stake in Saudi Hollandi Bank.

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NBK Capital appoints Investment head

National Bank of Kuwait subsidiary selects industry veteran for position.

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NBK finalising deal to buy Egypt bank

The National Bank of Kuwait could be about to aquire the Egyptian Gulf Bank.

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NBK reports record profit

US $657 million earned in first nine months of 2006

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NBK upgrades its core system with LogicaCMG’s SOA

...

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NBK Capital Enters Turkey

Kuwaiti bank grows investment banking footprint

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Financial B2B e-marketplace to be launched

A group of influential Middle Eastern banks has teamed up with KPMG Consulting to work on developing a B2B e-marketplace offering integrated financial services.

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