Market

Market inspections stepped up as Bahrain gears up for Eid Al Fitr

The Ministry of Industry, Commerce and Tourism is stepping up inspections of markets as Bahrain gears up for the Eid Al Fitr. Inspectors conducted visits to busy markets and other shopping outlets, including the Central Market in Manama and the meat m…

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USD traded at KD 0.305, EURO down to KD 0.328 — CBK

– The US dollar, Monday, stabilized at KD 0.305, while the Euro declined by 0.050 percent to KD 0.328 compared with Sunday’s rate.The Central Bank of Kuwait (CBK) said in its daily bulletin the British sterling pound went down by 0.050 percent to KD 0….

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Ooredoo earns KD 8.4 mln for Q1 of 2022

– Kuwait’s Ooredoo posted KD 8.4 million (approximately USD 29.4 million) in net profits for the first quarter of 2022, compared to KD 983,000 (roughly USD 3.4 million) for the same period in 2021, an increase of 757 percent.Ooredoo said in a disclosur…

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CBK sets ATM machines for Eid bills in Avenues, 360 malls

The Central Bank of Kuwait (CBK) announced setting several ATM machines in the Avenues and 360 malls for Eid money bills.The machines will be availabe starting Sunday, until May 4, the bank said in a statement on Sunday.CBK also provided local banks wi…

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Burgan Bank posts KD 12 mln net profit for Q1 2022

Burgan Bank posted a net profit of KD 12 million (approximately USD 39.6 million) in the first quarter of 2022, an increase of 140 percent compared to the same period last year, with earnings per share of 3.7 fils.In a disclosure on the website of the…