Friday , October 20 2017

Business

KSE retreats 11.51 pts amid uptick in volume – Americana gains 20 fils; Humansoft tumbles

KUWAIT CITY, Oct 21: Kuwait stocks retreated on Wednesday snapping the three-day advance. The key gauge slipped 11.51 points to 5,793.41 pts in lackluster trade as profit booking weighed on select counters. The banks were mostly subdued while other heavyweights closed lower. The KSX 15 benchmark fell 2.76 points to …

Read More »

Why optimism about the American economy’s strength has ‘dimmed’ – Overseas pressures

WASHINGTON, Oct 21, (AP): Consumers, fueled by job growth, cheaper gas and higher home values, would drive the US economy through a global slump. That was the widespread hope just a few months ago. Now, doubts are growing that the United States can withstand economic pressures flowing from overseas. Economies …

Read More »

Kuwait Airways eyes profit in 2-3 years – Airlines seek to cut costs, improve efficiency

DUBAI, Oct 20, (RTRS): Kuwait Airways expects to make a profit within the next two to three years, its chief executive said on Tuesday, as it aims to cut costs and improve its operational efficiency. The airline’s losses for 2015 will be less than 20 million dinars ($66.3 million), compared …

Read More »

Kuwait consumer sector remains robust, says report – Employment among Kuwaiti nationals picks up slightly over last 12 months

KUWAIT CITY, Oct 20: The consumer sector continued to grow more rapidly than the rest of Kuwait’s economy despite some slowdown in growth. Household debt growth remained in the double-digits, though it has moderated over the last twelve months. Consumer spending growth also maintained a robust pace, driven by good …

Read More »

Demand puts Ferrari on pole for Wall St debut – IPO first step in complete spin-off process

ROME, Oct 20, (AFP): Ferrari makes its stock market debut on Wall Street on Wednesday with owner Fiat Chrysler hopeful the luxury sports car maker will roar off the starting grid. Against a backdrop of reported strong demand for the stock despite the problems other recent IPOs have encountered, Fiat …

Read More »

KSE extends advance with 20.55 pts gain – NBK climbs 10 fils; Zain flat

KUWAIT CITY, Oct 20: Kuwait stocks headed north Tuesday extending the gains to third consecutive session. The price index gained 20.55 points in choppy trade to wind up at 5,804.92 pts led by banks and other blue chips even as investors await more third quarter results. The KSX 15 gauge …

Read More »

Emirates Festival of Literature launches complete line-up for 2016 – Event to be held from March 1-12 … set to be a brilliant experience for all

DUBAI, Oct 20: Get ready for two weeks of literary action with the 2016 Emirates Airline Festival of Literature. James Bond author Anthony Horowitz, award-winning children’s writer Jacqueline Wilson, prolific Egyptian scholar and IPAF-winner Youssef Ziedan and astronaut superstar Chris Hadfield are confirmed to be attending the Festival next year, …

Read More »

ABK signs MoU with KOSAC – Move to improve competency of workforce

KUWAIT CITY, Oct 19: Al Ahli Bank of Kuwait (ABK) announced signing a Memorandum of Understanding (MoU) with Kuwait Occupational Standards, Assessment and Certification Centre (KOSAC), an organization which builds and develops occupational standards for all professions and businesses in the Kuwaiti labor market. Through the agreement, ABK will leverage …

Read More »

EQUATE sponsors Kuwait Industries Expo – Event organised by Kuwait Industries Union

KUWAIT CITY, Oct 19: Under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, sponsored Kuwait Industries Expo 2015, which is organized by Kuwait Industries Union (KIU). During the expo, His Highness the Prime Minister Sheikh Jaber …

Read More »

Ooredoo Kuwait announces benefits for iPhone 6s and iPhone 6s Plus packages

Hot on the heels of Ooredoo Kuwait’s iPhone 6s and iPhone 6s Plus official launch at the Ooredoo Tower last weekend, Kuwait’s fastest growing telco, has raised the bar again, offering fantastic benefits for customers. Ooredoo Kuwait, which is a member of the international Ooredoo Group, held a star-studded launch …

Read More »
Translate »