KUWAIT CITY, Aug 12: As part of its ongoing commitment to supporting education and empowering Kuwaiti ‎youth, Gulf Bank has successfully concluded its distinguished participation in the ‎university admission fairs at Kuwait University and Abdullah Al-Salem University. The ‎Bank actively engaged with new students, introducing them to its tailored banking ‎solutions designed specifically for young people.‎

Gulf Bank took part in the interactive admission fair held at Kuwait University’s Sabah ‎Al-Salem University City in Al-Shadadiya from 19 to 29 July 2025. The Bank’s booth ‎attracted a high turnout from students and parents, who showed great interest in the ‎banking services designed for university students.‎

Similarly, the Bank participated in the admission fair hosted by Abdullah Al-Salem ‎University at its Khaldiya campus from 6 to 17 July 2025. Gulf Bank’s presence ‎featured direct interaction with visitors, providing comprehensive information on ‎student accounts and other tailored services.‎

These participations are part of Gulf Bank’s continuous efforts to strengthen ‎engagement with youth and support them in the early stages of their academic journey. ‎Alongside sharing information on academic majors and admission processes, the ‎Bank also offered financial tips to help students manage their resources effectively ‎from the start of their university life.‎

At both events, Gulf Bank showcased its red account, one of its leading banking ‎solutions designed for customers aged 15 to 25. The account offers a wide range of ‎benefits, including prepaid cards, exclusive discounts, rewards on purchases, and ‎access to unique events and experiences that enrich both personal and professional ‎growth. ‎

Beyond its features, the red account serves as a platform to promote financial literacy ‎among youth, equipping them with the knowledge and skills to make informed ‎financial decisions early in life – positively shaping their future and fostering a ‎generation that is financially aware and capable of managing resources effectively.‎

Gulf Bank’s team expressed pride in supporting students throughout their high school ‎and university years, offering innovative banking services designed to keep pace with ‎their fast-paced lifestyles.‎

Gulf Bank concluded its participation by thanking the administrations of both ‎universities for organizing the fairs, which serve as valuable platforms to connect with ‎youth. The Bank reaffirmed its commitment to continuing its support for educational ‎and youth initiatives that contribute to Kuwait’s development and enhance the quality ‎of life for its students and community.‎

KUWAIT / LODNON, Aug 12:  Menzies Aviation, the leading service partner to the world’s airports ‎and airlines, has announced it will deliver ground, air cargo and fuelling services at Mosul ‎International Airport (OSM) in Iraq through MASIL, its joint venture with Iraqi Airways, Air BP and ‎Al-Burhan Group.‎

One fully operational, MASIL will provide a full suite of aviation services at OSM, under a new ‎‎10-year license, further strengthening its footprint in the region. This builds on MASIL’s ‎operations at Baghdad International Airport (BGW).‎

MASIL provided ground services for the presidential flight that signified the official reopening of ‎OSM. The flight, attended by Iraq’s Prime Minister Mohammed Shia’ Al Sudani, represented a ‎landmark moment in the airport’s history, which has been non-operational since 2014.‎

The milestone underscores the joint venture’s capabilities and readiness to support future air ‎traffic at the revitalised airport.‎

Mosul International Airport has undergone extensive reconstruction and is now equipped with a ‎main terminal, VIP lounge, and advanced radar surveillance system. The airport is expected to ‎be fully operational within the coming months, supporting both domestic and international flights ‎and handling an estimated 630,000 passengers annually.‎

The expansion marks a significant milestone in the continued growth of the MASIL joint venture ‎across Iraq and demonstrates Menzies’ commitment to supporting the country’s aviation ‎infrastructure and long-term development.‎

Charles Wyley, Executive Vice President Middle East, Africa and Asia, Menzies Aviation, ‎said: “We’re proud to expand our presence in Iraq with new operations at Mosul International ‎Airport through our MASIL joint venture. This is a major step in our journey to support the ‎redevelopment of Iraq’s aviation sector and bring world-class standards to the country’s airports. ‎Handling the presidential flight was a privilege and a clear signal of MASIL’s professionalism and ‎reliability as a trusted service provider.”‎

Menzies Aviation and Iraqi Airways formed MASIL in 2021 to provide ground handling, cargo, ‎and fuelling services. The joint venture includes operations at key airports including Baghdad and ‎will soon include Mosul, as it continues to support the modernisation of Iraq’s aviation sector.‎

KUWAIT / UAE: Aug 12: Agility Global PLC, a multi-business owner, operator and long-‎term investor, today reported Q2 2025 earnings of $24 million, or 0.24 cents per share. EBIT ‎grew 5% to $97 million, EBITDA increased 8% to $181 million, and revenue rose 8% to $1.2 ‎billion.‎

For the first six months period, earnings stood at $45 million, or 0.44 cents per share. EBIT grew ‎‎1% to $189 million, EBITDA increased 7% to $354 million, and revenue rose 12% to $2.3 billion.‎

As of June 30, 2025, Agility’s investment segment had a total asset value of approximately $5.5 ‎billion, and total assets value was $12.7 billion.‎

Agility Global Chairman, Tarek Sultan, said: “The Group delivered another quarter of healthy ‎operational performance, supported by continued organic growth across our core businesses. ‎We see robust growth in Menzies and Agility Logistics Parks. Tristar delivered steady top-line ‎growth and operational ramp-up; however, the lower-margin profile of this growth, compounded ‎by challenges in its Maritime segment, has limited its EBIT expansion. Nevertheless, our ‎operational momentum and underlying business fundamentals remain strong.”‎

Sultan added: “Our diversified portfolio, spanning critical logistics infrastructure across high ‎growth markets, enables us to navigate global economic headwinds effectively. We continue to ‎execute on our strategy, focusing on disciplined growth and value creation.”‎

Controlled Segment

For Q2 2025, the consolidated EBIT of the controlled businesses was $96 million; EBITDA was ‎‎$179 million; and revenue reached $1,200 million. For the six months, EBIT of the controlled ‎businesses was $174 million; EBITDA was $339 million; and revenue $2,343 million. ‎

Aviation Services: Menzies

Menzies Aviation revenue reached $691 million in Q2 2025, representing 9% growth over the ‎same period in 2024. The growth was mainly driven by increased volumes from new operations ‎in Portugal and Spain; ground handling yields improvements; and strong cargo volumes across ‎the regions excluding the impact of the closures of some non-profitable stations. In Q2, Menzies ‎Ground Handling and fueling operations serviced close to 1.5 million flights.‎

Over the same period, EBITDA and EBIT grew 13% and 24% with all divisions and service lines ‎showing growth. Improved EBITDA and EBIT margins indicate the business’s ability to leverage ‎its existing platform for growth. ‎

In Q2, Menzies expanded its executive lounge presence in Europe, adding a Pearl lounge in ‎Bratislava to the portfolio. ‎

Regulatory approval for the acquisition of 100% of US-based G2 Secure Staff is expected in ‎Q3.‎

Fuel Logistics: Tristar

Tristar, a fully integrated fuel logistics business, reported Q2 revenue of $346 million, EBITDA of ‎‎$64 million and EBIT $33 million. The 17.3% revenue growth over Q2 2024 was mainly driven by ‎the new retail fuel business in Sri Lanka, which began operations in the second half of 2024. ‎Although the retail fuel business is a low margin business today, Tristar is gaining a strong market ‎presence and expects profit margins to improve in 2026 as efficiencies are realized, and the ‎network expands. The maritime segment continued to face market headwinds during the ‎quarter, but management remains confident in the long-term potential of this segment.‎

Industrial Real Estate: Agility Logistics Parks (ALP)‎

Agility Logistics Parks recorded Q2 2025 revenue of $14 million, representing a 13% increase ‎from the same period last year. EBIT stood at $10 million.‎

Strong demand for warehousing in Saudi Arabia continues to drive occupancy rates above 90%, ‎particularly Riyadh. ALP’s ongoing development of 226K SQM of new warehousing space is ‎progressing and on schedule; some units have already been delivered, and the remainder are ‎scheduled for delivery during the remaining months of 2025.‎

The GCC warehousing sector is experiencing robust demand driven by e-commerce growth, ‎‎3PL expansion, and government-led industrial diversification programs. In Africa, ALP continues ‎to evaluate opportunities in high-growth logistics corridors, particularly in East Africa, where ‎demand for modern logistics infrastructure is underserved.‎

Investment Segment

As of June 30, 2025, Agility Global’s investment segment stood at $5.5 billion in asset value.‎

The segment’s key assets include stakes in DSV and Reem Mall.‎

‎●‎tDSV, Agility Global’s largest investment holding, delivered solid Q2 2025 performance, ‎underpinned by continued organic operational strength. The DB Schenker integration ‎remains largely on track. While the share price has been volatile over the period, we are ‎managing our equity collar with prudence to protect downside risk and restructure upside ‎potential in line with DSV’s intrinsic performance. Agility Global’s DSV investment value ‎has increased by 12% YTD.‎

‎●‎tAgility Global is an investor in Reem Mall on Abu Dhabi’s Reem Island, Abu Dhabi’s latest ‎signature shopping, dining, and entertainment family destination, spanning around 183.4K ‎sqm of Gross Leasable Area (GLA). Anchored by hypermarkets and notable ‎entertainment and home furnishing concepts, the mall will be home to around 400 ‎international and local brands. One of the prominent recent openings was Sharaf DG, an ‎expansive 3,334 sqm electronics retail space with 34 brand experience zones, making it ‎the largest store of its kind in Abu Dhabi. ‎

As of June 2025, roughly 66% of GLA was open and trading, with an additional 14% ‎under fit-out, for an effective GLA leased of 80%. As of July 2025, we have signed ‎proposals for an additional 4% of GLA. The mall recorded consecutive record-breaking ‎months for footfall and tenant sales in May and June where key metrics have increased ‎by 30% and 40% respectively.‎