Thursday , April 26 2018

Business

Zain executives receive ITU’s Secretary-General – Zhao to attend GET-2016

KUWAIT CITY, Feb 2: Zain Group, a leading mobile technology innovator in eight markets across the Middle East and North Africa announces that its CEO, Scott Gegenheimer, and the CEO of Zain Kuwait, Mrs Eaman Al Roudhan, have met with the Secretary-General of the International Telecommunication Union (ITU), Houlin Zhao …

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Connectivity to propel Kuwait’s ‘knowledge economy’ forward – Huawei teams up with govt entities and private enterprises

KUWAIT CITY, Feb 2: In today’s knowledge-based economy, the advancement of Kuwait’s information and communication technologies (ICT) sector will help to accelerate the government’s agenda for greater economic productivity, global competitiveness, and enhancing the well-being of its citizens, according to executives from Huawei Kuwait. The company recently joined leaders from …

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KSE swings 25.71 pts higher; volume drops – KIPCO rallies 20 fils; KFH stagnates

KUWAIT CITY, Feb 2: Kuwait stocks veered north on Tuesday after taking a breather in the last session. The price index climbed 25.71 pts to 5,132.86 pts helped by renewed buying in select counters even as oil prices saw a slight pullback after strong recent gains The KSX 15 benchmark …

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Al Habtoor Group buys Hilton London Wembley – Further expansion eyed

DUBAI, UAE, Feb 1: Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group said today that he has purchased the Hilton London Wembley in a move to boost the Al Habtoor Group’s International hospitality portfolio. Khalaf Ahmad Al Habtoor said, “I am delighted with the addition of the Hilton London Wembley. …

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Warba Bank honors employees for their performances in 2015 – Ceremony attended by bank’s management

KUWAIT CITY, Feb 1: Having as its fundamental principle and conviction that the workforce is part and parcel of the Bank’s success and high achievement, Warba Bank — the fastest growing bank in Kuwait, which provides a wide spectrum of Shariah compliant banking and investment — held its annual Employee …

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Al-Dawli sponsors 2016 Al-Sidra activities – Program offers psychological care for cancer patients and their relatives

KUWAIT CITY, Feb 1: Kuwait International Bank announced its sponsorship of the activities and initiatives of Al-Sidra Association for Psychological Care of Cancer Patients that offers psychological care for cancer patients and their relatives throughout the stages of the disease, as part of its preeminent CSR program that aims at …

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Kuwait edges lower; snaps 3-day rebound – Americana soars 100 fils; NBK slips

KUWAIT CITY, Feb 1: Kuwait stocks pulled slightly lower on Monday, snapping the three-day rebound. The bourse eased 7.37 pts in volatile trade to 5197.15 points even as investors consolidated the gains in the earlier sessions. The market mood was cautious while the trading floor digested fresh earnings reports. The …

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Jazeera Airways eyes long-haul venture as ‘Plan B’ – Preferred option is to buy stake in Kuwait Airways

DUBAI, Jan 31, (RTRS): Kuwaiti low-cost carrier Jazeera Airways could set up a long-haul service with a foreign partner as an alternative to buying a stake in national carrier Kuwait Airways, whose privatisation has hit long delays. Jazeera Chairman Marwan Boodai told Reuters he would still prefer a stake in …

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Kuwait’s sovereign ratings affirmed by CI – Outlook remains stable

KUWAIT CITY, Jan 31: Capital Intelligence (CI) today announced that it has affirmed Kuwait’s Long-Term Foreign Currency and Local Currency Ratings of ‘AA-’, and its Short-Term Foreign and Local Currency Ratings of ‘A1+’. The Outlook for Kuwait’s Ratings remains  ‘Stable’, according to CPI financial. Kuwait’s ratings are underpinned by strong …

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Al Mulla Exchange opens its 67th branch in Kuwait

KUWAIT CITY, Jan 31: Al Mulla Exchange, Kuwait’s leading exchange company, opened its 67th branch in Kuwait on 27th January 2016, adding to its wide network to serve customers all across Kuwait. The new branch, located in Mangaf, is the third outlet in the area, and like all the other …

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