Monday , September 24 2018

Business

ABK wins ‘Best Bank Transformation in ME’ award – Kuwait lender recognised at Euromoney Award for Excellence 2016

KUWAIT CITY, June 6: Al Ahli Bank of Kuwait (ABK) received the ‘Best Bank Transformation in the Middle East’ award at the Euromoney Award for Excellence 2016 at an event held on June 1, 2016 at the Raffles Hotel, Dubai. Abdulla Al Sumait, Deputy Chief General Manager at ABK and …

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KSE climbs 12.07 pts; volume drops sharply – Americana rebounds 40 fils; KFH flat

KUWAIT CITY, June 6 : Kuwait stocks swung higher on Monday stemming the three-day fall. The price index climbed 12.07 pts in lackluster trade to 5,382.97 even as the board remained mixed. The banks were mostly muted while other heavyweights diverged. The KSX 15 benchmark rose 7.13 pts to 818.38 …

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Suit raises questions over cloud accounting practices – Whistleblower vs Oracle

SAN FRANCISCO, June 6, (RTRS): A whistleblower lawsuit filed against Oracle Corp over its accounting practices underscores the pressures established computer companies face to show that they are growing in the fast-moving business known as the cloud. The lawsuit, filed on Wednesday in US District Court in San Francisco by …

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Bombardier faces discount headache – CSeries sales take off

DUBLIN/ZURICH, June 4, (RTRS): Bombardier is stepping up efforts to woo the airline industry with its more efficient new CSeries jet, hoping to win new orders without falling under the spell of prolonged discounting on price. The Canadian planemaker flew top executives to a meeting of international airlines in Dublin …

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Kuwait bourse sinks into red as volume dips –

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,377.05 points, down by 0.36% from the week before closing, the Weighted Index decreased by 0.64% after closing at 355.37 points, whereas the KSX-15 Index closed at 818.10 points down by 1.61%. Furthermore, last …

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No action is best available option for OPEC ministers – Oil prices likely to hit $60 by end-2016

Regardless of the outcome of OPEC’s meeting in Vienna last week, doing nothing was the best result. The organization did nothing to boost the price level or deter any fluctuations to it. The oil prices have doubled since January and are likely to hit $60 per barrel by the end …

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KAMCO adopts CFA Asset Manager Code of Professional Conduct – Latest firm to pledge ethical behavior to shape a more trustworthy financial industry

KUWAIT CITY, June 4: CFA Institute, the global association of investment professionals that sets the standard for professional excellence, has added KAMCO Investment Company KSC (Public) to the growing list of investment firms that claim compliance with its Asset Manager Code of Professional Conduct. KAMCO is one of more than …

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Etihad partners to fight illegal wildlife trade

ABU DHABI, June 3: Five Etihad Airways equity partner airlines signed up to the Buckingham Palace Declaration, committing to major steps to fight illegal wildlife trafficking and efforts to help protect many of the world’s iconic wildlife species. The Declaration of the United for Wildlife International Taskforce on the Transportation …

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Kuwait bourse witnesses negative week – Market capitalisation falls 0.6 pct to KD 24.52 billion

The KSE Indices witnessed a negative week as the KSE price index closed with 5,377.05 a decrease of 0.36% down 19.62 points compared to the previous week. As the MUDX also witnessed a decrease of 0.52%to close at 512.74 for the week. While the market blue-chip index the KSX15 closed …

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Iran says Airbus deal still awaiting US green light – Qatar Airways CEO says cancels first A320neo over delays

TEHRAN, June 3, (Agencies): A $10 billion deal between Iran and European aircraft manufacturer Airbus for 118 aircraft is still pending authorisation from the United States, Deputy Transport Minister Asghar Fakhrieh Kashan told AFP Friday. Iran has ordered about 200 planes from three Western manufacturers since nuclear-related sanctions were lifted …

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