Financial and Banking News


Securities Group Reports Turnaround

The Kuwait-based Securities Group has reported results for 1986 which show a dramatic turnaround in profitability after accumulating losses of KD17.1mn ($58mn) by the end of 1985. Securities Group's profit and loss account for 1986 showed profits for the year of KD8.2mn ($28mn), after a KD3.6mn loss in 1985, despite the fact that losses from in- vestments on the local stock market increased from KD3.6mn to...