KUWAIT: Kuwait Finance House (KFH) has agreed to purchase Bahrain’s Ahli United for approximately $11.6 billion. The deal, which has been in the works for nearly four years, would be among the largest in the banking sector this year. As…
RIYADH: Kuwait Finance House said it has received the Central Bank of Bahrain approval for its acquisition of Bahrain’s Ahli United Bank. As of July 6, JFH has agreed to fully acquire Ahli United Bank for $11.6 billion, according to…
DUBAI: Gulf nations have condemned the violent attacks in northern villages of Burkina Faso over the weekend which resulted in the death of dozens of people, including children, and injured others.Armed men killed at least 34 people in separate incidents…
DUBAI: Kuwait’s interior ministry said Tuesday that it has suspended issuing tourist visas for those wishing to visit the gulf state. “The interior ministry has announced that it has stopped issuing family and tourist visit visas from Monday until further…
Kuwait’s embassy in Britain welcomed on Monday a new travel scheme that will exempt citizens from the Gulf Cooperation Council (GCC) countries from visa requirements starting 2023, the Kuwait News Agency (KUNA) reported. Under the UK’s new Electronic Travel Authorisation…
DOHA: Kuwait Airways is expecting a fourfold passenger rise in 2022 when compared to 2021, as the aviation industry is strongly rebounding post the pandemic, said its CEO Maen Mahmoud Razouqi.In an exclusive interview with Arab News on the sidelines…
DUBAI: Kuwait’s Crown Prince has dissolved the parliament and called for new elections over the coming months, he said in a televised speech on Wednesday. Crown Prince Mishal Al-Ahmad Al-Jaber Al-Sabah said: “We have decided to dissolve the National Assembly…
RABAT: Three Gulf sovereign funds signed a deal on Monday in Rabat with nine African peers to promote investment on the continent. The deal was signed by Abu Dhabi’s Investment Authority and holding firm ADQ in addition to Kuwait’s Investment…
RIYADH: King Salman sent a written letter to Kuwait’s Emir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah related to consolidating fraternal relations between the two countries. The letter was delivered by Saudi Arabia’s ambassador to Kuwait Prince Sultan bin Saad bin Khaled during…
RIYADH: Arabian Centers, one of the largest operators of contemporary lifestyle centers in Saudi Arabia, will open two top-rated retail destinations in Riyadh and Jeddah, according to a report in Trade Arabia. Work on the projects, Jawharat Al Riyadh and Jawharat…
