Wednesday , August 15 2018

Business

OPEC production reduction scheme a success: Al-Ghais

‘Oil surplus down by 20m barrels’ KUWAIT CITY, May 29: Kuwaiti Governor in the Organization of Petroleum Exporting Countries (OPEC) Haitham Al-Ghais said the recent official figures showed that the oil surplus decreased by 20 million barrels – lower than the decline rate in the last five years, affirming there …

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Kuwait’s banking sector profits grew 8.9%: KPMG

Total assets reach $251.9 bln, up 5.9% in 2017: report KUWAIT CITY, May 28: KPMG has recently released the third edition of the ‘GCC listed banks results’ report. The report shows that the banking sector in Kuwait saw a healthy profit of 8.9 % compared to 2016. The total assets …

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‘Development, innovation, attracting funds are needed to get promoted from frontier markets’

Marmore participates in Global Investor Forum on ME Asset Management KUWAIT CITY, May 28: Marmore, a research subsidiary of Kuwait Financial Center “Markaz” has participated in the recently held Global Investor Forum on Middle East Asset Management Forum held in Bahrain. The Managing Director of Marmore, M.R. Raghu, was a …

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AUB launches digital partnership with Ajar Online

Service enables tenants to make rental payments fast and secure KUWAIT CITY, May 27: Ahli United Bank (AUB) has announced an exciting new partnership with Ajar Online to enhance the growth of rent payments to be made through digital channels. The service provides convenience to tenants in making their rental …

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KIC to study financing options for ‘strategic projects’ of KPC

Three year contract for KD 168,000 signed KUWAIT CITY, May 27: The Kuwait Petroleum Corporation (KPC) has signed a contract with the Kuwait Investment Company (KIC) to present a study on the optimal financing options for the strategic projects of the Corporation within the five-year plan which extends to 2040. …

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NBK named Best Bank in Kuwait 2018 – Bank recognized by Global Finance

KUWAIT CITY, May 26: National Bank of Kuwait (NBK) has been named the Best Bank in Kuwait 2018 by the international financial publication Global Finance. NBK was chosen the Best Bank in Kuwait based on input from industry analysts, corporate executives and banking consultants. Criteria for choosing the winners included …

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OPEC says no to oil at $80 a barrel … too fast too soon

Next step is to gradually balance supply Oil consumers agree that the price level of $80 per barrel is too high and has to be adjusted soon. This is what OPEC and Russia are doing to bring order to the oil markets and some relaxation on the production volume. This …

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‘KPC and its subsidiaries to start paying incentive bonus on June 3’

Latest technology used in 3 mosques KUWAIT CITY, May 24: The payment of incentive bonus to employees in Kuwait Petroleum Corporation (KPC) and its subsidiaries will start on June 3, reports Al-Anba daily quoting a reliable source from the oil sector. The source revealed that the maximum amount of incentive …

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GCC banking in a very strong spot: Al Fulaij

Outlook reflects credit ratings and confirms the success of regulatory measures Salah Al-Fulaij, CEO- Kuwait at National Bank of Kuwait said in an interview with MEED Magazine that the impact of subdued credit growth and rising NPLs in recent years, mainly the lower oil price years, has been very-well dealt …

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Al Mawashi looking beyond Australia for sheep imports

KUWAIT CITY, May 23, (RTRS): Kuwait’s Livestock Transport and Trading (Al Mawashi) is in talks with possible new livestock suppliers after an Australian lawmaker proposed legislation to ban the export of live sheep, its chief executive said on Wednesday. The proposal followed an outcry in Australia after footage emerged showing …

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