Profits
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Cabinet Approves 10 Percent Tax On Companies Profits15 March 2016Kuwait's cabinet has approved economic reforms including the introduction of a 10 percent tax on corporate profits to narrow a budget deficit caused by low oil prices, Finance...The Aviation Sector In Kuwait Is An Integral Part Of Development Plans In The Country27 February 2017Since the liberation from the Iraqi invasion in 1991, the aviation sector in Kuwait had been an integral part of development plans in the country. With the recent revamping of Kuwa...The Kuwaiti Government Pay Up To 60,000 Dollors To President Donald Trumps Hotel In Washington For A Party27 February 2017The Kuwaiti government could pay up to $60,000 to President Donald Trump's hotel in Washington for a party on Saturday that will be an early test of Trump's promise to turn...Kuwaitis Are Observing A Dangerous Phenomenon, Which Is Alien To The Country29 December 2017Kuwaitis are observing a dangerous phenomenon, which is alien to the country, in view of recent official statistics indicating some 17,000 citizens are currently unemployed; not co...Kuwait’s Banking Sector Profits Grew 8.9 Percent -kpmg29 May 2018 KPMG has recently released the third edition of the ‘GCC listed banks results’ report. The report shows that the banking sector in Kuwait saw a healthy profit of...Kuwait Banking Sector Profits Witness Increase In Last 2 Years26 July 2018According to fi- nancial indexes, the profits of the banking sector in Kuwait have been increasing in the last two years. A number of banking experts were interviewed and they expl...Qpic Achieves $14.52 Mln In Q2 Net Profits Ending Sept 3024 October 2018Qurain Petrochemical Industries Company (QPIC) Tuesday said it achieved Kuwaiti dinars (KD) 4.41 million ($14.52 million) in net profits in second quarter ending Sept 30. This w...Decline Seen In Kpc Investment Profits10 February 2020A government document showed decline in profits from the investment portfolio of Kuwait Petroleum Company (KPC) by $1.049 million – 72.8 percent – during the fiscal yea...Kuwait Credit Bank Posts Kd 72.5 Mln Net Profits In 19-20′13 September 2020 Kuwait Credit Bank said on Saturday that it has achieved net profits of around KD 72.5 million (USD 239 million) in the 2019-20 fiscal year – an increase of KD 12.9 mil...The Profits Of 8 Banks Jump 67 Percent In 9 Months28 October 2021The profits of 8 banks that announced their business results for the first nine months of this year jumped by about 67% (Burgan and Warba banks have not yet announced), bringing th...Central Bank Weighs In On Distribution Of Profits04 December 2021According to informed sources, the Central Bank of Kuwait has refused to grant each bank individual permission to amend its statute in a manner that allows it to distribute quarter...Coops Make 1.6 Times More Profits Than Banks And 1.2 Times The Profits Of 158 Listed Companies In 9 Months07 December 2021The sales of the cooperative societies in Kuwait are very high and in terms of accounting, it can be said it is sufficient to note that the 68 cooperative societies and 270 branche...Uae To Tax Corporate Profits From Next June31 January 20220% tax rate for taxable income up to Dh375,000 to support small business and startups The Ministry of Finance has announced that the UAE will introduce a federal corporate tax o...A Profit Of Kd 595,000 Is Made By Kuwait Hotels Company In 202113 March 2022Compared to a net loss of KD 78,683 for the corresponding period in 2020, Kuwait Hotels Company has reported a net profit of KD 595,575 for its fiscal year ending December 31, 2021...First Quarter Profits For Kuwaiti Banks Will Be The Highest In The Gulf13 April 2022According to EFG-Hermes Group's latest report, Kuwaiti banks are expected to achieve the highest growth in profits on an annual basis during the first quarter of 2022. A Kuw...