Sunday , February 17 2019

Business

Kuwait bourse privatisation crucial to attracting investments

KUWAIT, Feb 16, (KUNA): Kuwait stock exchange’s recently-agreed partial privatisation is an important step towards attracting and boosting investments in the local financial market, a …

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Kuwait emerges as second largest M&A target market in GCC

Number of transactions grew by 163% between 2014 and 2018 Abdulrazzaq Razooqi KUWAIT CITY, Feb 16: The Investment Banking Department at Kuwait Financial Centre “Markaz” …

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‘KAC’ to launch flights to new destinations in June – Guangzhou to be first

LONDON, Feb 16, (KUNA): Kuwait Airways Company (KAC) Chairman Yousuf Al-Jassim said on Friday the company is in the process of operating summer flights to …

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Bourse tender win for NIC-led group

KUWAIT CITY, Feb 14, (RTRS): A consortium led by Kuwait’s National Investment Co has won the tender to acquire 44 percent of the Kuwait stock …

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Companies which fail to comply will be subjected to legal accountability

‘Pay annual subscription by Thursday’ KUWAIT CITY, Feb 13: Non-compliance by the listed companies to pay the annual subscription by Thursday, will subject the companies …

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‘Subscription in 50% of stock exchange capital to be offered’

KUWAIT CITY, Feb 13: Sources in the Capital Markets Authority told the Al-Jarida daily that the citizens will be offered subscription in the remaining 50% …

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Zain 2018 net profit soars 23% to KD 197mn

Consolidated revenues up 28% to KD 1.3bn, EBITDA up 25%; Board proposes cash dividend of 30 fils per share Ahmed Al Tahous, Chairman of Zain …

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MoE to float tender to install electronic fingerprinting system in public schools

KUWAIT CITY, Feb 12: The Ministry of Education is in the process of fl oating a tender to install electronic fingerprint system for employees in …

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National companies excluded from participating in some tenders

‘Foreign firms do not contribute to positive returns’ KUWAIT CITY, Feb 12: It is surprising that the national companies are prevented or rather excluded from …

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Kuwait Airways inks 2 deals with Boubyan Takaful

A photo from the signing ceremony. KUWAIT CITY, Feb 11: Kuwait Airways Company (KAC) has signed two social and health insurance contracts with Boubyan Takaful …

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