Business

Goodyear, Robinsons Land, Cebu Pacific share top spot – FBAA 40th Conference – 10th Goodyear Tires Cup opens

KUWAIT CITY, April 9: Badminton enthusiasts had an action-packed treat on Friday  as the Goodyear, Robinsons Land Corp and  Cebu Pacific Airlines Teams clashed head to head to land triple tie on the  first week major opener of  the FBAA 40th Conference — 10th Goodyear Tires Cup that was organised …

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BTC wins Kuwait Fire Service Directorate contract – Deal strengthens Bahrah Trading Co position in government sector

KUWAIT CITY, April 9: Bahrah Trading Company (BTC), one of the Al Sayer Group Holding Companies and the exclusive distributor of AVIA Ashok Leyland in Kuwait, was recently awarded contracts to supply various firefighting support vehicles to Kuwait Fire Service Directorate (KFSD). The latest contract awarded to BTC involves supply …

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NBK Capital platinum sponsor for CFA Charter Award Ceremony in Kuwait

NBK Capital sponsored the eighth annual CFA Charter Award Ceremony, class of 2016. Board members from the CFA Society — Kuwait, representatives from NBK Capital and a number of professional analysts in the community were present at Salwa Al-Sabah Hall to congratulate the recent CFA graduates. The CFA Society in …

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Stability and diversity are hallmarks of Maltese economy: Brockdorff – Malta offers investors secure and transparent environment to build or expand businesses

Stability and diversity are the hallmarks of the Maltese economy, shared Clive Brockdorff, Manager for Investment Promotion at Malta Enterprise, the national development agency tasked with promoting and facilitating international investment by offering investors business opportunities and tailored services. From being an ancient trading hub, Malta, in recent history,  served …

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Doha meeting crucial for mkt – Deal key for stability

The upcoming meeting among the top oil producers to be held in Doha, Qatar on April 17, 2016 will have a crucial impact on the future oil prices. Any disagreements concerning limiting or freezing oil production level will lead to collapse of oil prices. The organizer must bear in mind that …

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Ali Alghanim set to ‘showcase’ certified pre-owned Rolls-Royce

KUWAIT CITY, April 8: Ali Alghanim & Sons Automotive, the sole authorized dealer of Rolls-Royce Motor Cars and the official importer of BMW and MINI in Kuwait, is hosting the first ever showcase for the ultra-luxury marque’s official pre-owned certified Programme from April 10–14, at its showroom in Shuwaikh. A …

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KSE indices log marginal gains – Market capitalisation edges 0.3 percent up to KD 24.79 billion

KUWAIT CITY, April 8: This has been a positive week for the indices. As KSE price index closed up a mere 0.03%, 5,230.44 up 1.69 points compared to the week before. MUDX was again the top performer with 0.49% gains while the market blue-chip index the KSX15 was up by …

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No more ‘free’ Saudi money for Egypt: Saudi businessman – Corruption in Egypt wheat sector widespread — Interior Ministry official

CAIRO, April 8, (RTRS): Saudi Arabia’s financial support for strategic ally Egypt will no longer involve “free money” and will increasingly take the form of loans that provide returns to help it grapple with low oil prices, a Saudi businessman familiar with the matter said. “This is a change in …

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France, Germany halt Airbus export credit – Move follows UK corruption probe

PARIS/BERLIN, April 8, (RTRS): France and Germany have joined Britain in suspending export credit facilities for Airbus jet deliveries, expanding the fallout from a potential corruption probe in the UK, several people familiar with the matter said on Friday. The move follows Britain’s decision last week to suspend financing and …

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KSE index rebounds amid buying ‘surge’ – KFH gains 10 fils; Zain flat

KUWAIT CITY, April 7: Kuwait stocks swung higher on Thursday to wind up the week on a positive note. The price index climbed 26.14 pts in a tame session to 5,230.44 pts  helped by renewed buying in select counters led by banks. The KSX 15  gauge jumped 10.15 pts to …

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