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Wednesday , November 14 2018


Kuwait bourse extends losses as volume soars

Mabanee Co drops 9 fils, VIVA gains KUWAIT CITY, Sept 19: Kuwait stocks slipped into red on Wednesday extending the losses to third straight session. The All Shares Index dropped 10.78 points in choppy session to 5118.62 points dragged by heavyweights even as the rest remained largely muted. The Premier …

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Al Ahli Bank of Kuwait prints $300 million perpetual bond

DUBAI, Sept 19, (RTRS): Al Ahli Bank of Kuwait has issued $300 million in perpetual bonds, according to a bank document seen by Reuters. Perpetual bonds are similar to an equity instrument in the fact that they have no maturity. The Kuwaiti lender, rated A2 by Moody’s and A+ by …

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KOC’s increase in natural gas, oil contributes to meeting needs

KPA plans to buy equipment, ships to clean pollution at ports KUWAIT CITY, Sept 19, (KUNA): Increasing free natural gas and light oil by Kuwait Oil Company (KOC) will help contribute to meeting the country’s pressing need of gas and reaching new global commercial markets, said Minister of Oil and …

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PAM specifies conditions for opening file of small and medium enterprises

‘All documents should be new’ KUWAIT CITY, Sept 18: The Public Relations Department in the Public Authority for Manpower (PAM) has specified conditions for opening file of small and medium enterprises (SMEs), reports Al-Anba daily. These conditions are as follows: ■ All documents should be new, ■ Employers should appear …

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NCCAL executes phase two of book cataloguing project

KUWAIT CITY, Sept 18: The National Council for Culture, Arts and Letters (NCCAL) is executing phase two of the book cataloguing and classification project in public libraries as per directives from the Minister of Information in coordination with head of NCCAL Muhammad Nasser Al-Jabri and his secretary general Ali Al- …

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Kuwaiti, Tunisian officials discuss development of trade exchanges

First meet in six years TUNIS, Sept 18, (KUNA): Kuwaiti and Tunisian officials discussed in Tunis Tuesday means of developing trade exchanges and economic relations, in addition to facilitating movement of goods between the two countries. The two sides were meeting within the trade technical committee, which convened for the …

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PAAAFR to reduce fishing licenses

KUWAIT CITY, Sept 17 : Deputy Director General of Fish Resources at Public Authority for Agricultural Affairs and Fish Resources (PAAAFR) Eng Marzouq Al-Azmi has affirmed the authority’s intention to reduce the number of fishing licenses to less than 450 in order to revitalize and increase fish stock, reports Aljarida …

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KOC opens door for development, execution of a number of projects

KUWAIT CITY, Sept 17: The Kuwait Oil Company (KOC) has opened the door for the development and execution of a number of future projects for registered international specialized contractors according to the specific categories of civil and construction works, which is considered a long-awaited step to qualifying new companies, reports …

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6 Kuwaiti women among 100 termed as the most influential in Middle East

Forbes list based on several components KUWAIT CITY, Sept 17: Six Kuwaiti women from among the 100 from various categories are termed as the most influential in the Middle East for the year 2018, according to Forbes Middle East magazine, reports Al-Rai daily. In the top slot, are Zain CEO …

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Kuwait market closes in red; volume swells

NBK slips 6 fils, Zain gains KUWAIT CITY, Sept 16: Kuwait stocks sagged on Sunday as it opened the week on a dull note. The All Shares Index, after a firm start, fell 4.68 points to 5,134.88 points weighed by National Bank of Kuwait and Humansoft Holding even as the …

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