Tuesday , December 12 2017

Business

Alghanim Industries strategic partner of ‘Nuqat’ – Event aims at encouraging creativity in Arab world

KUWAIT CITY, Nov 21: Alghanim Industries, one of the largest private companies in the region, announced the conclusion of the 6th annual Nuqat conference, which began on the 12th of  November, and lasted the entire week. Aimed at celebrating and encouraging creativity in the Arab world, Nuqat offered lectures and …

Read More »

New Mercedes-Maybach set to arrive in Kuwait – High-end luxury-class motor vehicle with a proud pedigree

KUWAIT CITY, Nov 21: The new Mercedes-Maybach S600 Pullman has arrived in the region and will be available in Kuwait as part of the regional road show for private viewing for the prestigious clients of Abdul Rahman Albisher & Zaid Alkazemi Co, the authorised General Distributor of Mercedes-Benz in Kuwait. …

Read More »

No major petrochemical projects in coming years – Clear message to GCC govts

There will be no major petrochemical projects in the coming years — This was the main message at the petrochemical conference that was recently held in Dubai. The message is clear to the Arabian Gulf countries that no one is interested in investing in this region or any other parts …

Read More »

Kuwait seeks more cooperation with Turkish steel sector – Al-Khorafy says KCCI to facilitate process for Turkish firms to engage with local companies

Kuwait City, Nov 21: Board member  of the Kuwait Chamber of Commerce and Industry  Hussaind Al-Khorafy stated that the Kuwaiti industry demands more cooperation and collaborations with companies from the Turkish steel sector. He asserted that Turkey is considered to be one of the leading countries in terms of exporting …

Read More »

KSE price index posts 40.96 pts weekly drop; volume edges lower – Market cap falls

KUWAIT CITY, Nov 20: The KSE Price Index closed at 5,725.41 down 40.96 points as the market failed to recover after the initial 1.14% decline as the markets reopened post events in France. The KSX-15 closed at 933.99 down 20.65 points; while the Islamic Index MUDX lost 10.66 points to …

Read More »

Al Danah draw winners announced

Gulf Bank held its Al Danah daily draws on 15 November 2015 announcing the names of its winners for the week of 8 November – 12 November 2015. The Al Danah daily draws include draws each and every working day for two prizes of KD 1,000 per winner. The winners …

Read More »

Russia, China ink deal for Su-35 aircrafts – Contract worth over $2 billion

MOSCOW, Nov 20, (RTRS): China will buy 24 Sukhoi Su-35 fighter jets from Russia in a deal worth more than $2 billion, an industry source told Reuters on Thursday, in a move that may help the Kremlin’s strained finances. A spokeswoman for Russian state conglomerate Rostec confirmed a deal between …

Read More »

America Inc’s problem: Falling profit, revenue – Energy companies hard hit

NEW YORK, Nov 20, (AP): Corporate America has a profit problem. US company earnings are falling for the first time since 2009, when the economy was still reeling from the Great Recession. The main culprit is the plunging price of oil, which has decimated earnings at big energy companies like …

Read More »

NBK issues KD 125 million 10-year bonds – Issuance to boost Tier 2 capital under Basel III

KUWAIT CITY, Nov 18: National Bank of Kuwait S.A.K.P. (NBK), the largest bank in Kuwait (rated Aa3 by Moody’s, A+ by S&P and AA- by Fitch) successfully issued KD 125 million, 10NC5, Subordinated Tier 2, Basel III compliant bonds. The issuance represents the first investment grade-rated (Baa1 by Moody’s) Basel …

Read More »

EQUATE sponsors 10th Annual GPCA Forum 2015 – Gulf’s total petrochemical exports exceed 67 mln tons valued at $62bn: Husain

KUWAIT CITY, Nov 18: EQUATE Petrochemical Company, Kuwait’s first international joint venture in this industry, sponsored the 10th Annual Gulf Petrochemicals & Chemicals Association (GPCA) Annual Forum, which is considered one of the most celebrated industrial events through gathering top executives from around the world. EQUATE President & CEO Mohammad …

Read More »
Translate »