Thursday , October 19 2017

Business

Al Ahli Bank records net profit of KD 29.2m – Customer-focused approach is bearing fruit: chairman

KUWAIT CITY, Oct 25: Al Ahli Bank of Kuwait (ABK) today announced a net profit of KD 29.2 million for the first nine months of 2015, a 7 percent increase from KD 27.3million over the corresponding period in 2014. Net operating income also saw a substantial 8 percent jump, rising …

Read More »

Kuwait index climbs 27.19 pts; volume up – NBK gains 10 fils; Ooredoo drops

KUWAIT CITY, Oct 25: Kuwait stocks headed north on Sunday after clocking modest gains in the previous week. The bourse climbed 27.19 points in a largely flat trading to 5,807.95 pts led by some of the mid and small caps. Banking majors too shone on renewed buying. The KSX 15 …

Read More »

Weak oil and strong dollar – a puzzling relationship – Widely used currency versus widely traded commodity in world

The relationship between oil price and dollar value is intriguing not only to the US and the oil-exporters, but to researchers and governments all over the world. Most commodities, including oil tend to be negatively correlated with the US dollar as most commodities are traded in dollar. The magnitude of …

Read More »

Facebook hits all-time high amid tech euphoria

SAN FRANCISCO, Oct 24, (AFP): Facebook shares lifted Friday to an all-time high, crossing $100 for the first time, during a rally in the technology sector on Wall Street. Shares in Facebook rallied 2.5 percent to close at a record $102.19, to give the world’s biggest social network a market …

Read More »

ALAFCO records KD 16 mln net profit – Shareholders’ equity up 11% and EPS clocks 19.6 fils 

KUWAIT CITY, Oct 24: The Vice Chairman of the Board and Chief Executive Officer of Alafco Aviation Lease And Finance Company (ALAFCO), Ahmad A. Alzabin, announced that the company earned a net profit of KD 16 million for the fiscal year ended Sept 30, 2015. This translates into Earnings Per …

Read More »

Kuwait awards $30bn projects by end of Q3 – New Al-Zour refinery expected to be completed in 45 months

KUWAIT CITY, Oct 24: The total value of projects awarded in Kuwait in 2015 climbed to KD 9 billion ($30 billion) by the end of the third quarter. Kuwait’s project market, which has lagged behind other GCC countries in the past, is second only to Saudi Arabia in terms of …

Read More »

Market chalks gains for all three indices

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,780.76 points, up by 0.86% from the week before closing, the Weighted Index increased by 0.68% after closing at 389.81 points, whereas the KSX-15 Index closed at 929.05 points up by 0.60%. Furthermore, last …

Read More »

Kuwait’s crude oil exports to China hit record high – Oil minister lauds KPI expansion in Italy, European markets

TOKYO, Oct 23, (KUNA): Kuwait’s crude oil exports to China jumped 49.5 percent in September from a year earlier to record high of 1.75 million tons, equivalent to around 427,000 barrels per day (bpd), latest government data showed. Volume of Kuwaiti crude oil shipments to China marked the highest level …

Read More »
Translate »