National Bank of Kuwait Q1 net profit up 15.1 pct

DUBAI: National Bank of Kuwait, the country’s biggest lender, reported a 15.1 per cent rise in first-quarter profit, helped by higher net interest income and lower provisioning charges, beating analysts’ forecasts. The bank said net profit totalled 107.7 million Kuwaiti dinars (Dh1.29 billion) during the January to March period, up from 93.6 million dinars a […]

Mohammad Alabbar resigns as Aramex board member

Dubai: Mohammad Alabbar has resigned from the board of Dubai-based logistics player Aramex, a company he owns a large stake in, according to a regulatory filing on Monday. The billionaire businessman and founder of Emaar submitted his letter of resignation to Aramex on April 11, the company’s filing said. Other board members include the company’s […]