Sunday , January 21 2018

Business

Gulf Bank wins three prestigious awards – Bank named ‘Best Customer Service’, ‘Best Car Loan’, ‘Best Cash Management’

KUWAIT CITY, Dec 8: Gulf Bank announced today that it has been honored with the ‘Best Customer Service (Retail)’, ‘Best Car Loan’, and ‘Best Cash Management’ awards from Banker Middle East Kuwait Product Awards 2015. The Bank received the awards from Robin Amlot, Chief Executive Officer of CPI Financial, at …

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Kuwait stocks end 30.94 pts lower on lackluster trading – Most sectors close in red terrain

KUWAIT CITY, Dec 8: Kuwait stocks continued the downswing Tuesday, slipping 30.94 points to 5,752.75 shares on lackluster trading as profit taking weighed on select counters after last week’s gains. The heavyweights closed mostly lower even as the board remained broadly mixed. The KSX15 gauge slid 0.41 points to 925.22 …

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Kuwait ranked 1st in attracting GCC banks

RIYADH, Dec 8, (KUNA): Kuwait ranked first in attracting branches of Gulf commercial banks with eight branches, followed by the UAE and Saudi Arabia, with six branches each, three branches in Bahrain and two branches in Oman and Qatar. The General Secretariat of the Gulf Cooperation Council said in a …

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Cheaper oil hammers producers – Buoys consumers

DALLAS, Dec 8, (AP): Oil prices have been lower for longer than expected. Now, with OPEC’s decision to keep pumping at current levels, analysts expect oil to remain relatively cheap well into 2016 and maybe longer. That, of course, is good news for consumers and fuel-guzzling industries like airlines, but …

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Kuwait shares decline 8.2 pts to 5,783.69 pts – HumanSoft topmost gainer

KUWAIT CITY, Dec 7: Kuwait stocks slipped Monday finishing on a negative note. The bourse fell 8.2 points to 5,783.69 points mainly on subdued buying in select counters. Most market sector indices recorded negative changes, except the industrial sector which rose 6.17 points to close at KD 1,084.42 million. The …

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Gulf countries agree on key issues for implementing VAT – Health, education, social services, some food among exclusions

ABU DHABI, Dec 7, (RTRS): Gulf states have agreed on key issues for implementing value-added tax in the region, an official from the United Arab Emirates finance ministry said on Monday, moving the six nations closer to introducing direct taxation for the first time. The agreement was reached at a …

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Govt spending robust despite drop in oil prices

The interim public finance figures for the first seven months of fiscal year 2015/16 (FY15/16) point to rising government spending as the oil price fell below the budgeted price of $45 per barrel. Capital spending continues at a better pace than the five year average, while revenues remain pressured due …

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Jazeera Airways finalizes capital reduction – Company to start cash payouts of KD 32.7mn on Dec 13

KUWAIT CITY, Dec 7: Jazeera Airways today announced it has finalized its voluntary capital reduction process to bring down its capital from KD 42 million to KD 20 million to match the size of its current operations after it exited the aircraft leasing business. As part of the process, the …

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KSE index ends 3.15 pts higher in volatile trade – Banks close in negative territory

KUWAIT CITY, Dec 6: Kuwait stocks continued to edge higher on Sunday after experiencing mixed results in last week’s trading. The bourse rose 3.15 pts in volatile trading to 5,791.89 pts even as the board remained mixed. The daily value of traded stocks stood at KD 10,809, 471. The banks …

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Ooredoo Kuwait, Huawei align on future transformation agenda – Companies conclude first Annual Strategy Summit with plans to expand cooperation

KUWAIT CITY, Dec 6: Kuwait: Senior executives from Ooredoo Kuwait, a member of the international Ooredoo Group, and leading global ICT solutions provider Huawei recently concluded the companies’ first Annual Strategy Summit in China with the aim to extend cooperation in developing new technology platforms as well as supporting local …

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