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Tuesday , December 11 2018

Business

S&P indice adds Kuwait

KUWAIT CITY, Dec 8: Kuwait’s stock market will be added to S&P Dow Jones Indices’ Global Benchmark Indices with an emerging market classification, said Kuwait’s market regulator, citing the index provider. According to a report published on the website of Arab News Saturday, Kuwait is one of the standout performers …

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Egypt, Kuwait fund ink two loan deals worth $135 mln

Kuwait to boost co-op ties between UN, Arab League Minister of Investment and International Cooperation Dr Sahar Nasr and KFAED’s General Director Abdulwahab Al-Badr during the signing ceremony. SHARM EL-SHEIKH, Dec 8, (KUNA): The Egyptian government and Kuwait Fund for Arab Economic Development (KFAED) inked on Saturday an agreement according …

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Kuwait pulls license of Wataniya Airways

KUWAIT CITY, Dec 8, (Agencies): Kuwait’s civil aviation authority has revoked the license of Kuwait National Airways, which is known as Wataniya Airways, for failing to address operational issues that led to delays and cancellations last summer, Al-Jarida reported on Saturday. Wataniya had its license to operate flights suspended for …

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Dubai hits multi-year lows

DUBAI, Dec 6, (RTRS): Dubai’s stock market plunged to its lowest level in more than five years on Thursday as real estate stocks continued to slide while weak oil prices pressured the Saudi market. Oil lost nearly 5 percent after producer group OPEC signaled that it may agree to a …

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CBK prepares draft law regulating bankruptcy & restructuring banks

Move to promote financial technology industry KUWAIT CITY, Dec 6: The Central Bank of Kuwait has prepared a draft law regulating the bankruptcy and restructuring of local banks, independent of the general law prepared by the Ministry of Commerce and Industry in cooperation with the World Bank, reports Al-Rai daily. …

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‘Kuwait taps renewable energy in oil extraction’

KFAS chief attends confab on transfer of renewable energy in ME BEIRUT, Dec 6, (KUNA): The State of Kuwait is growingly interested in drawing upon renewable energy in the extraction of oil in an effort to curtail carbon dioxide, said a Kuwaiti scientific official. “The Kuwait Petroleum Corporation (KPC) has …

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AIDMO Executive Board session vital to promote industrial integration – Kuwait

Number of Arab states participate The 54th Arab Industrial Development and Mining Organization (AIDMO) Executive board session RABAT, Dec 6, (KUNA): Director General of (Kuwait’s) Public Authority for Industry Abdulkarim Taqi on Thursday affirmed the importance of the 54th Arab Industrial Development and Mining Organization (AIDMO) Executive Board session in …

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KIB sponsors 5th Kuwait Industries Union Expo

Event held under the patronage of HH the Amir and entitled ‘Bridges’ KUWAIT CITY, Dec 5: KIB recently sponsored the 5th Kuwaiti Industries Union (KIU) Expo 2018. Held under the patronage of HH the Amir Sheikh Sabah Al-Ahmad, the exhibition took place at Kuwait International Fair in Mishref. The exhibition …

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Boursa Kuwait and MEIRA hold Investor Relations workshop

Event held to showcase latest IR trends and best practices in support of Kuwait’s 2035 Vision KUWAIT CITY, Dec 5: Further strengthening its efforts to promote the development of Kuwait’s capital markets, Boursa Kuwait organized its fourth Investor Relations workshop, in collaboration with the Middle East Investor Relations Association (MEIRA) …

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Kuwait, Egypt sign 8 co-op MoUs, executive programs

Cairo appreciates Kuwaiti leadership, people for support: FM KUWAIT CITY, Dec 5, (KUNA): Capitalizing on their strong and historical political relations, Kuwait and Egypt have signed several memos of understanding (MoUs) and executive programs to boost cooperation in various domains. The pacts were signed Tuesday in Kuwait at the conclusion …

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