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- Stocks extend gains on US rate cut hopes
- Dr Al-Awadhi commends Gulf Bank for its role in employing and supporting people with disabilities
- Dar Global awards main contract for $531m Trump Tower Jeddah
- Bahrain lowers real estate investment needed for Golden Residency
- Burgan Bank receives Digital Transformation Excellence Award for leveraging SAP technologies
- S&P Global Ratings upgrades NBK's credit rating to 'A+' with a stable outlook
- Kuwait reaps benefits of reforms
- ADNOC Gas and EMSTEEL sign $4bn low-carbon gas deal
- FSA orders public joint-stock companies & investment funds to shorten dividend transfer
- Syria and Saudi Arabia's AJDAN Sign MoU to Establish Tourist Project in Damascus
17/11/2014 19:59 AST
International Financial Advisors (IFA) swung to a loss in the third quarter, sending its shares down 8 per cent.
The Kuwait investment group reported a total loss of 5.5 million Kuwaiti dinars (Dh69.4m), down from a profit of 1.4m dinars in the same period last year. Its total comprehensive loss for nine months ending September 30 was 17.2m dinars, down from a profit of 6.4m dinars.
IFA was not immediately available for a comment.
One of its subsidiaries, IFA Hotels and Resorts, had a joint venture with Nakheel on the Palm Golden Mile development. On Sunday, IFA announced it had entered an agreement with the Dubai master developer for the sale of unsold office, retail and residential space at the complex.
In a filing to the Dubai Financial Market on Sunday, IFA said it had 50.7m dinars worth of investment properties in the UAE and had 131.6m dinars worth of property under development in Dubai at the end of September.
The parent company trades in local and international securities and is involved in portfolios management, among other operations.
The National
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| KINGDOM | 7.95 | -0.04 (-0.51 |
| TADAWULGROUP | 168.40 | -4.60 (-2.66 |
| BOURSA | 3,900.00 | -15.00 (-0.39 |
| NIND | 287.00 | 1.00 (0.34 |
| GFH.KW | 183.00 | 1.00 (0.54 |
27/11/2025
As part of the government's ongoing commitment to empowering people with disabilities and reinforcing their role in the Kuwaiti community and the labor market, Dr Ahmad Abdulwahab Al-Awadhi, Minister
Kuwait Times
27/11/2025
In line with its progressive and forward-looking banking innovation and digital transformation strategy, Burgan Bank attended the Business Suite Innovation Day, hosted by the Bank's strategic partner
Kuwait Times
27/11/2025
S&P Global Ratings announced that it has upgraded the credit rating of National Bank of Kuwait (NBK) from 'A' to 'A+', with a Stable Outlook. The agency explained that the upgrade reflects NBK's posi
Kuwait Times
27/11/2025
ADNOC Gas and its subsidiaries, a world-class integrated gas processing company, today announced the signing of a landmark agreement, valued between $3.5 billion and $4.2 billion with EMSTEEL, one of
Trade Arabia
27/11/2025
Multiply Media Group (MMG), a subsidiary of Abu Dhabi's 2PointZero Group PJSC, has acquired 100% of London Lites, securing full ownership of one of the UK capital's most prominent digital Out-of-Home
Gulfnews
Financial Information Co.
Saudi Arabia