Saturday , November 25 2017

Business

Kuwait economy projected to shrink by 2.1%: IMF – Oil slide weighs heavily on MENA growth forecast

DUBAI, Oct 10, (AFP): A massive slide in the economic growth of Middle East top oil exporters is weighing heavily on the outlook for the entire region, the International Monetary Fund said on Tuesday. “Fuel exporters are particularly hard hit by the protracted adjustment to lower commodity revenues,” the IMF …

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Bank and tech shares weigh on Kuwait index – Agility dives 41 fils; Al-Themar surges

KUWAIT CITY, Oct 10: Kuwait stocks extended declines into a third day on Tuesday as technology and bank shares weigh. The main index plunged 35.97 points in a sluggish trade to close at 6,613.22 points. The KSX-15 benchmark sank 15.82 points to 1,010.01 points and the weighted index slipped 4.61 …

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NBK reports net profit of KD 238.4m for 9M of ’17 – Net operating income up 11.7%, reaffirming bank’s solidity across all markets: Al-Sayer

KUWAIT CITY, Oct 9: National Bank of Kuwait (NBK) reported net profits of KD 238.4 million ($788.9 million) for the first nine months of 2017 compared with KD 219.3 million ($725.7 million) for the same period in 2016. NBK’s profits during the first nine months of 2017 grew by 8.7% …

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Al-Tunsy Real Estate offers high quality projects in Turkey and UK – Part of new strategy for next 3 years

KUWAIT CITY, Oct 9: Al-Tunsy Real- Estate Group held a press conference yesterday during which the signing of a cooperation protocol with Baitak Real Estate Services Company (Sarajevo), which unveiled its new strategy for the coming years, which includes the development and marketing of a variety of real estate projects …

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Kuwait stocks tumble as Zain sheds 3.45% – Kuwait National Cinema plunges 140 fils, Humansoft gains

KUWAIT CITY, Oct 9: Kuwait stocks pulled lower on Monday as corporate earnings for third quarter kicked off. The main index sank 11.51 points to settle at 6,649.19 points. Zain shares fell 3.45 percent despite Omantel interest in boosting stake. The KSX-15 benchmark dipped 6.88 points to 1,025.83 points and …

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Business, exhibitions, tourism and conference encourages investors – Tourism fits Kuwait Vision 2035

KUWAIT CITY, Oct 8: Leaders Group for Consulting and Development, the representative of the World Tourism Organization in Kuwait, issued its monthly report on recent development in the tourism sector in Kuwait. Leaders Group General Manager, Mrs Nabila M. Al-Anjari, said that Kuwait can largely depend on exhibitions, fairs, conferences …

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Boubyan Bank records KD 34 mln net profit with an EPS of 13.9 fils – We are fully satisfied with our achievements: Al-Majed

KUWAIT CITY, Oct 8: Boubyan Bank has recorded a net profit growth until the end of Q3 2017, at a growth rate of 15%. The bank’s net profits amount to KD 34 million, while the earning per share amounts to 13.9 fils compared with 13 fils for the comparative period …

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Kuwait’s stocks kick off week on ‘sluggish’ note – Gulf Bank surges 4.71 pct; Kuwait Cable Vision dips 17.25%

KUWAIT CITY, Oct 8: Kuwait stocks edged lower on Sunday to kick off week on a sluggish note following drop in oil prices by over 2 percent at the end of last week. The main index fell 1.41 points to close at 6,660.7 points with mixed boards. Bank shares rally …

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Huawei, KDIPA launch ICT Skill Competition – Kuwait university students registered

KUWAIT CITY, Oct 7: Huawei Technologies Kuwait, a leading global Information and Communication Technology solutions provider, launched on Thursday at the Huawei headquarters at Al Hamra Tower the local edition of its global ICT Skill Competition 2017, in a strategic partnership with Kuwait Direct Promotion Investment Authority (KDIPA). The ICT …

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China ‘teapots’: The new importers of oil – ‘Price of the barrel will depend on future growth and demand for oil’

They appeared in Singapore two weeks ago to contract and attempt to buy 2.5 million barrels per day, which is the official quota of oil imports granted to them by the government. Teapots are the new oil traders that are trying to find a place in the Chinese oil market …

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