Funding aims to boost sustainability within the education sector
NBK Chief Executive Officer Ibrahim Dabdoub said the new branch, the first in the United Arab Emirates, is part of the bank's successful expansion strategy in the region.
The bank now has more than 50 branches in 13 foreign countries including the United States, Britain and France. In recent years it has acquired banks in Iraq, Qatar, Turkey and Egypt.
Founded by Kuwait's leading merchant families in 1952 as the Gulf state's first commercial bank, NBK maintains the highest financial strength rating among Arab banks and emerging market banks from international rating agencies.NBK reported a record net profit of 661.3 million dollars in the first six months of 2008, a healthy 21 percent increase over the same period last year.
Funding aims to boost sustainability within the education sector
Sales at the French luxury group fell to 4.5 billion euros
Shein, founded in China, and its rival Temu have aggressively expanded worldwide
Assets surpass Dh200 billion milestone driven by strong growth in customer financing
Strong growth in loans resulted in a solid net interest outcome
This is the first finance company license granted by the Central Bank of the UAE since 2016
Cross-border payment pact boosts fund flows
Business leaders and prominent non-resident Indians in the UAE applauded the budget