Friday , September 21 2018


Ooredoo posts KD 175 mln revenue for Q1 – Company’s net profit more than triples; customer number rises by 3%

KUWAIT CITY, April 26: National Mobile Telecommunications Company KSCP — Ticker: NMTC (Ooredoo) today announced its financial results for the first quarter of 2016: Financial Highlights: * Total customer base increased by 2.8 percent to 24.1 million at the close of Q1 2016, versus 23.5 million for the same period in …

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Govt awards KD 1.5bn worth of contracts in Q1 – Market continues to expand against a backdrop of low oil prices

KUWAIT CITY, April 26: Kuwait’s projects market continues to expand against a backdrop of low oil prices and its impact on government finances. Kuwait awarded KD 1.5 billion ($4.8 billion) worth of contracts in 1Q16, according to MEED Projects. This brought the total size of the local projects market (private …

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KSE swings 44.57 pts higher; volume drops – Americana jumps 40 fils; NBK flat

KUWAIT CITY, April 26: Kuwait stocks rebounded on Tuesday after slipping into red in the previous session. The price index climbed 44.57 points to 5,403.29 points helped by strong speculative buying in select counters. The heavyweights however were mostly subdued. The KSX 15 measure rose 3.3 points to 859.5 points …

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Boursa Kuwait officially takes over KSE ops – Start of a new era for Kuwait’s financial market

KUWAIT CITY, April 25: Boursa Kuwait announced that it has officially assumed responsibility for the management of the Kuwait Stock Exchange (KSE)’s operations. The hand-over follows the implementation of a detailed operational plan and strategic roadmap to ensure the smooth transition of stock market operations. The process has been developed …

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CBK records net profit of KD 7.8 mln for Q1 – Total assets reach KD 4,147 million at end of March 2016

KUWAIT CITY, April 25: Commercial Bank of Kuwait announced net profit of KD 7.8 million for the first quarter of 2016 up by 22.8 percent compared with KD 6.3 million for Q1 2015. The Bank’s operating profits before provisions reached KD 28.6 million up by 4.4 percent compared with KD …

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‘Women in Corporate World’ hosts two discussion panels – Ground breaking conference organized by Alghanim Industries and Gulf Bank

KUWAIT CITY, April 25: Alghanim Industries and Gulf Bank are pleased to announce that the “Women in the Corporate World: Beyond the Glass Ceiling” conference, which is set to take place on Wednesday, May 4, 2016 at Jumeirah Messilah Beach Hotel, will host two major discussion panels. The first panel, …

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KSE index retreats as profit-taking kicks in – Americana dives 80 fils; Zain flat

KUWAIT CITY, April 25: Kuwait stocks sagged Monday snapping the four-day advance. The price index dropped 13.66 points in sluggish trading to 5,358.72 pts as profit taking dragged select counters lower. The sentiment was caution-laced even as investors await more quarterly results. The KSX 15 benchmark slipped 4.73 points to …

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VIVA Q1 revenue rises 6% to KD 70.4 mln – Company posts KD 9.8 million in first quarter; customer’s base reaches 2.4 million

KUWAIT CITY, April 24: VIVA, Kuwait’s fastest-growing telecom operator, announced the financial results for the first quarter of 2016. VIVA’s revenue grew by 6% during the first quarter of 2016 to reach KD 70.4 million as compared to the same period in 2015. These results has been achieved due to the …

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Zain generates revenues of KD 277 mln for Q1 – Group records net income of KD 37 mln; customer base reaches 45.5 mln

KUWAIT CITY, April 24: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the first quarter ended March 31, 2016. The company closed the period serving 45.5 million customers. For the first quarter of 2016, Zain Group …

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KSE adds 25.43 pts; volume edges higher – KFH gains 5 fils; Ooredoo flat

KUWAIT CITY, April 24: Kuwait stocks headed north as it extended the gains from last week. The bourse, after sluggish start, climbed 25.43 points to 5,372.38 points helped by buying in select stocks. Some of the banks shone whereas telecom service providers closed mixed. The KSX 15 index rose 5.58 points …

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