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Press Dossier   By Date  04/08/2024
Saudi Arabia arrests 21,049 illegals in one week
Saudi authorities arrested 21,049 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
NBK releases its Sustainability Report for 2023
Underscoring its pioneering role and corporate approach to fully integrate sustainability into the core of its business activities and operations, National Bank of Kuwait (NBK) has released its Sustainability Report for 2023, highlighting the key milestones achieved and contributions made towards implementing its Environmental, Social, and Governance (ESG) Strategy over the past year.
Al-Roshood: KFH implements strategic steps to strengthen expansion, solvency
Kuwait Finance House (KFH) held the earnings webcast for highlighting the Bank’s financial performance during H1-2024. AbdulWahab Al-Roshood, Acting Group Chief Executive Officer said:” By the grace of Allah, KFH has reported a record net profit for its shareholders of KD 341.2 million up to the end of the first half of 2024, an increase of 2.3 percent compared to the same period last year.
GCC states, Turkey pin high hopes on free trade zone
Ongoing negotiations between Turkey and the Gulf Cooperation Council (GCC) states aim to set up one of the largest free trade zones in the world, Turkish officials said. Citing some officials who spoke on condition of anonymity, Anadolu Ajansi said when a free zone deal was signed by Turkey and the GCC members.
Gulf Bank, Boubyan Bank mull merger into Islamic bank
Gulf Bank and Boubyan Bank reached a preliminary agreement to explore growth opportunities by merging to create a single bank compliant with Islamic sharia, the two banks announced Wednesday.
Kuwait’s investments in Morocco reach $1.5 bn
Kuwait’s investments in Morocco amount to at least $1.5 billion, Minister of Finance and Minister of State for Economic Affairs and Investment Dr Anwar Al-Mudhaf said Tuesday.
Cabinet reviews property laws, infringement, targets violators
The First Deputy Prime Minister, Minister of Defense, and Acting Minister of Interior Sheikh Fahad Al-Yousef Saud Al-Sabah offered a presentation to the Cabinet on the violation of the law by a private sector company that acquired a plot of land amounting to two million sqm and used it for a purpose other than the originally stated one.
PAM, AMIDEAST sign agreement
Within the framework of the state’s keenness to contain young people, prepare them functionally, and pave ways for their development and to create a generation capable of being successful, the Acting Director General of the Public Authority of Manpower (PAM), Marzouq Al-Otaibi, and Director of the American Institute for the Middle East, AMIDEAST, signed a cooperation agreement regarding the program to empower women and to encourage them to work in the private sector.
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