Friday , December 15 2017

Business

Al-Dawli inaugurates its 28th branch at Saad Al-Abdullah area

After the recent opening of its branch at Remal Complex in Fahaheel, Kuwait International Bank (KIB) inaugurated its 28th branch at Saad Al-Abdullah area in Jahra, under the patronage of Former Army Chief of Staff Army Air Marshal, Fahad Ahmad Al-Amir, Jahra Governor and Sheikh Mohamed Al- Jarrah Al-Sabah, KIB Chairman, …

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Kuwait stocks ebb 4.13 pts lower to close at 5802.36 pts – Banking sector drops 0.07 pct

KUWAIT CITY, Nov 30: Kuwait stocks ebbed 4.13 points lower to close at 5802.36 points in the red, with a 0.07 percent decrease and a 11.22 percent drop year to date with major sectors closing below the line. The weighted index eased down to 392.96 points. The KSE 15 shed …

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KIB wins JPMorgan STP Quality Award – Recognition proves Al-Dawli’s leading position in Islamic banking industry 

KUWAIT CITY, Nov 29: Once again, Kuwait International Bank affirms its leading position in the Islamic banking industry by winning the Elite JPMorgan Chase Quality Award for the year 2015 in recognition of its outstanding performance in Straight Through Processing (STP) payments and efficiency in processing international transfers in US …

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Mohammed Al Habtoor holds talks with Julius Baër execs

Mohammed Al Habtoor, Vice Chairman and CEO, Al Habtoor Group welcomed senior executives from Swiss Private Banking Group Julius Baër. The delegation included Daniel J. Sauter, Chairman of the Board of Directors; Remy Bersier, Head Southern Europe, Middle East and Africa and Member of the Executive Board; Daniel Savary, Global …

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Purest embodiment of our brand promise- Mercedes-Benz S-Class: Tech ahead of times

In the history of the automotive industry there are few vehicles that have made an impact quite like the Mercedes- Benz S-Class. Redefining luxury, advancing telematics and setting new benchmarks across all segments, the SClass extends the boundaries of technology on many levels. It is not just a technological spearhead …

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Kuwait stocks kickstart week with 11.85 pts gain – Kout Food Group top gainer

Kuwait City, Nov 29: Kuwait stocks pushed 11.85 points above the red line to close at 5806.49 points, starting the week 0.2% higher with mixed boards. The weighted index ebbed lower to 393.74 points. The KSE benchmark dipped 7 points down to stand at 936.53 points. The bourse marked a …

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Al Sayer announces winners of first raffle draw – ‘Biggest promotion ever’ on new Toyota models 

KUWAIT CITY, Nov 28: Mohamed Naser Al Sayer & Sons, the exclusive dealer for Toyota in Kuwait has announced winners of the first raffle draw from the “biggest promotion ever” on New Toyota models. The draw on Nov 11, 2015 was organized by Ministry of Commerce and Industry – for …

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Gulf Bank celebrates its 55th ‘anniversary’ – Proud to serve Kuwait 

KUWAIT CITY, Nov 28: Gulf Bank is happy to celebrate its 55th anniversary. On Nov 23, 1960, His Highness Abdullah Salem Al- Sabah, The Amir of Kuwait, signed Amiri Decree No. (44) recognizing Gulf Bank as a shareholding company. Days later, on Nov 27, 1961, the founding decree was published …

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No change in policy as OPEC meets in Vienna – ‘Silence is the outcome’

OPEC will be meeting in Vienna with “nothing much to be achieved”. Every oil minister will be telling himself, “When will the oil prices stop declining?” The low oil prices of $43- $45 per barrel were not part of our agenda last November. Unquestionably, OPEC never anticipated that its decision …

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Kuwait market returns to green zone

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,794.64 points, up by 1.21 percent from the week before closing, the Weighted Index increased by 0.96 percent after closing at 394.60 points, whereas the KSX-15 Index closed at 943.56 points up by 1.02 …

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