Wednesday , April 25 2018

Business

Kuwait oil price up to $38.65

Kuwait oil price went up $2.25 on Thursday reaching $38.65 per barrel against $36.40 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said on Friday. In international markets, Brent Blend went down $1.27 settling at $44. 53 pb, whereas US crude oil also plunged $1.00, settling at $43.18 pb. Meanwhile, the OPEC …

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Etihad showcases new generation Business Studio at Avenues – Airline presents opportunity for business travelers from Kuwait to enjoy unforgettable journeys

KUWAIT CITY, April 21: Etihad Airways, the national airline of the United Arab Emirates, is delighted to bring to Kuwait the highly-anticipated Business Studio which is displayed at Avenues.  Ahmed Al Kaabi, Militry Attache, and Aaref Altenaiji, First Secretary, from the UAE embassy in Kuwait and Nabil Matarweh, General manager …

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AUBK posts KD 15.6 mln net profit for first quarter – Total assets rises by 10.2% to KD 4.102b

KUWAIT CITY, April 21: The operating revenues from the core businesses of the Bank grew by 7.1 percent reaching the height of KD 28.2 million during Q1 2016 from KD 26.3 million of previous year same period. The Bank reported net profits for the first quarter of 2016 KD 15.6 …

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Kuwait’s market closes week with modest rise – KFH retreats 10 fils; Americana flat

KUWAIT CITY, April 21: Kuwait stocks extended its gains to close the week on a firm note. The bourse climbed 16.17 pts in a tame session to 5,346.95 points with mixed board. The sentiment was largely guarded even as oil prices continued to trend higher to hit a five-month high. …

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Failure of Doha oil freeze deal unsurprising: US official – ‘Future negotiations unlikely to prop up crude prices’

DOHA, April 21, (RTRS): The failure of OPEC and non-OPEC producers last week to agree to freeze oil output was unsurprising given the market’s volatility and future such negotiations are unlikely to prop up crude prices, a senior US energy official said on Thursday. With the world awash with oil …

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Burgan Bank holds AGM and Shafafiya Forum – General Assembly agrees to a payout of 18 fils cash dividends

KUWAIT CITY, April 20: Burgan Bank held its Ordinary and Extraordinary General Assembly meeting and Al Shafafiya Investors forum Wednesday at the KIPCO Tower, where the Board of Directors presented the bank’s financial earnings report for the year ended Dec 31, 2015 and agreed to a payout of 18 fils …

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KIPCO supports ‘Women in Corporate World’ – Event to discuss gender diversity at workplace

KUWAIT CITY, April 20: KIPCO – the Kuwait Projects Company – is partnering with Alghanim Industries and Gulf Bank in the upcoming conference, ‘Women in the Corporate World: Beyond the Glass Ceiling’. The event will take place on Wednesday, May 4, at Jumeirah Messilah Beach Hotel. This conference brings together …

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KFH records KD 34.1 mln net profit in Q1 – EPS rises by 14% to reach 6.61 fils; total assets hit KD 16.77 billion

KUWAIT CITY,  April 20: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that “KFH has, by the grace of Allah, realized a KD 34.1 million net profits for the first quarter of 2016 for KFH shareholders compared to KD 29.9 million for the same period last year i.e. …

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KSE index ‘edges’ up; volume little changed – KIPCO slips 10 fils; NBK stagnates

KUWAIT CITY, April 20: Kuwait stocks edged higher on Wednesday extending the robust gains in the last session. The price index pared back steeper gains to close 2.59 points higher at 5330.78 pts. The sentiment was mixed even as investors await fresh cues. The KSX 15 gauge inched 0.92 pts …

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Kuwait’s ‘Ghinwa’ wins MIT Enterprise Forum Arab Startup Competition – Teams from Saudi, Jordan, Lebanon, Egypt, Tunisia and Morocco share other prizes

KUWAIT CITY, April 18, King Abdullah Economic City: MIT Enterprise Forum Pan Arab, in partnership with founding partner Community Jameel and the Zain Group, announced the winners of the MIT Enterprise Forum Arab Startup Competition from a total of 76 contesting teams from 15 Arab countries. The competition’s final award …

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