REUTERS Kuwait Finance House (KFH), the country’s biggest Islamic lender, reported a 13.3 percent rise in second-quarter net profit according to a statement on Tuesday, broadly in line with analysts’ forecasts. Net profit rose to 36.77 million dinars ($121.59 million) in the three months to the end of June, from 32.45 million dinars in the same period a year ...

  REUTERS State-run oil firm Saudi Aramco has named Ibrahim al-Buainain as chief executive officer of its trading arm, it said in an emailed statement on Tuesday in response to a Reuters query. It said Buainain started his new role earlier this month. Buainain had held the position of head of transaction development at Saudi Aramco for less than a ...

  REUTERS Saudi Arabia’s Etihad Etisalat (Mobily) swung to a net profit in the second quarter, according to a statement on Tuesday, after not repeating a significant provision recorded in the corresponding quarter of last year. Mobily, which had slashed 27 months of previously-reported earnings by nearly $1 billion, made a net profit of 18.8 million riyals in the three ...