Jazeera Airways Marks Historic Milestone with First Flights to Syria
To book flights, travellers can visit www.jazeeraairways.com or Jazeera's mobile application.
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Al Bawaba
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Warba Launches New Community Initiative with the General Administration of Coast Guard
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Al Bawaba
5 hours ago
- Al Bawaba
Boursa Kuwait Continues to Earn Recognition for Leadership in Governance, Sustainability and Women's Empowerment
Highlighting the company's dedication to sustainability, diversity and inclusion in the capital markets sector, Boursa Kuwait was recognized with two prestigious awards from The European magazine, receiving the titles of 'Best Sustainable Corporate Governance' and 'Women's Empowerment Champions'.The awards also underscore Boursa Kuwait's steadfast dedication to maintaining a robust governance framework that fosters transparency, accountability and long-term value creation, as well as its proactive approach to promoting gender diversity and empowering women within the organization and across the capital market on the recognition, Boursa Kuwait's Senior Director of Marketing and Corporate Communication Mr. Naser Meshari Al-Sanousi said, 'These accolades are a testament to the tireless efforts and unwavering commitment Boursa Kuwait, reflecting our determination to lead by example in implementing sound governance practices, championing diversity and inclusion, and driving the sustainable growth of the Kuwaiti capital market.'Best Sustainable Corporate GovernanceBoursa Kuwait was awarded the Sustainable Corporate Governance Award in 2025 for its commitment to embedding environmental, social, and governance (ESG) principles into its operations and corporate culture, ensuring that decision-making processes balance profitability with environmental and social impact. This commitment strengthened the company's reputation as a responsible stock exchange and positioned it as a role model for listed companies to company's track record in community sustainability leadership speaks for itself, as its organization and sponsorship of over 35 social, empowerment, educational, and environmental initiatives in 2024 demonstrate that Boursa Kuwait's approach goes beyond compliance and is focused on creating lasting, positive addition, the exchange has established a comprehensive governance framework that aligns with international standards, enhancing transparency, fostering investor confidence, and promoting long-term market marks the third consecutive year that Boursa Kuwait has been recognized by The European magazine for its achievements in corporate governance, reinforcing the company's position as a benchmark for governance excellence within the Kuwaiti capital market and the broader Middle East Kuwait actively engages with its various stakeholders to ensure that governance practices are consistently refined and responsive to evolving global trends. These efforts contribute to the development of a transparent, resilient, and trustworthy capital market that supports the sustainable economic growth of the State of Empowerment ChampionsThe Women's Empowerment Champions award honors Boursa Kuwait's leadership in promoting gender diversity and inclusion, as well as supporting the integration of women within the capital market apparatus and the financial a consistent commitment to gender equality and embedding principles into its broader Environmental, Social, and Governance (ESG) framework, the company's efforts have contributed to creating a platform for real change, in alignment with Kuwait's development goals and international diversity Kuwait's leadership also sets a benchmark for other exchanges in the region, organizing high-profile events featuring female leaders from Kuwait's finance and business sectors and setting a course to empower women in finance as well as inspire, shape and educate future fostering an environment where women can thrive, Boursa Kuwait enriches its own talent pool and contributes to the broader economic empowerment of women in Kuwait's Corporate Sustainability strategy stipulates ensuring initiatives apply and fall in line with the company's corporate social responsibility (CSR), industry best practice standards and investor expectations, creating strong and sustainable partnerships that ultimately achieve success and allow Boursa Kuwait to leverage the capabilities and strengths of other companies or organizations that have experience in different fields, and integrating sustainability efforts with the company culture, in order to achieve longevity and an ongoing impact that is carried on and instilled in the day-to-day operations of the stock part of the strategy, Boursa Kuwait has launched many initiatives in partnership with local and international organizations, focusing on support for nongovernmental organizations and charity programs, financial literacy and capital market awareness, the empowerment of women, as well as environmental protection. As a trusted and respected entity within the global financial community, Boursa Kuwait continues to pave the way for sustainable growth and exemplify the power of responsible business practices. Through its unwavering dedication, Boursa Kuwait plays a crucial role in shaping a brighter and more sustainable future for Kuwait and beyond.
Al Bawaba
a day ago
- Al Bawaba
Gulf Insurance Group announces Net profit of KD 12.6 million (US$ 41.1 million) for the first half of 2025
Gulf Insurance Group (GIG) announced that it achieved a net insurance result of KD 15.6 million (US$ 51.2 million) for the first half of 2025, compared to KD 16.6 million (US$ 54.4 million) for the same period last year. Net investment income reached KD 28.2 million (US$ 92.4 million) for the first half of 2025, compared to KD 31.6 million (US$ 103.2 million) recorded for the same period last profit stood at KD 12.6 million (US$ 41.1 million) for the first half of 2025, equivalent to earnings per share of 38.68 fils (US$ 0.127) compared to a net profit of KD 16.8 million (US$ 54.9 million) or 59.03 fils per share (USD 0.193) for the same period last year. Insurance revenue reached KD 359.6 million (US$ 1.2 billion) compared to KD 449.2 million (US$ 1.5 billion) recorded for the same period last book value per share reached 864 fils as of June 30, 2025, compared to 852 fils as of December 31, 2024, an increase of 1.4%.Equity attributable to the shareholders of the parent company amounted to KD 245.9 million (US$ 804.4 million) as of June 30, 2025, an increase of 1.4% compared to the equity attributable to the shareholders of the parent company as of December 31, 2024, which amounted to KWD 242.6 million (USD 793.3 million).Total assets reached KD 1.26 billion (US$ 4.12 billion) as of June 30, 2025, compared to KD 1.24 billion (US$ 4.05 billion) as of December 31, 2024, an increase of KD 23.4 million (US$ 77 million), representing a 1.9% it continues to strengthen its international footprint and capabilities, GIG remains one of the largest and most diversified insurance groups in the MENA region where it focuses on shaping a valuable insurance ecosystem. The Group extended its gratitude to its customers, shareholders, namely FAIRFAX, and board members for their continued trust in the Group's strategy, further thanking employees for their dedication and efforts and all the concerned authorities in the State of Kuwait for their continuous cooperation to develop the Kuwaiti insurance sector.
