Tuesday , August 21 2018

Business

KSE ‘kicks off’ month with 20.83 pts decline – NBK drops 20 fils; Americana gains

KUWAIT CITY, April 3: Kuwait stocks kicked off the month on dull note as it extended its losses from the last session. The price index dropped 20.83 points in slightly volatile session to 5,207.92 pts weighed by moderate selling in select counters led by banks . The KSX 15 benchmark …

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NBK will only process online salary transfers starting April – All Business Banking customers urged to register in Salary Portal Service

KUWAIT CITY, April 3: Starting from April 2016, National Bank of Kuwait (NBK) will only process online salary transfers. All NBK Business Banking customers, who did not yet register in NBK’s Salary Portal Service, are asked to visit NBK’s closest branch were Business Banking Relationship officer is available  in order …

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KNPC is likely to achieve good profit in FY: Al-Azmi

KUWAIT CITY, April 3, (KUNA): Kuwait National Petroleum Company (KNPC) is anticipated to achieve good profits in the fiscal year that ended last March, said Deputy CEO of KNPC’s Shuaiba Refinery Mutlaq Al-Azmi. “The FY ending on March 31 has not been reviewed yet. But, God willing, there will be good …

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Electricity and water charges to be based on consumption rate – Steps to hike costs overdue

The government last Monday approved a bill concerning the new charges of electricity and water which will be based on consumption rate. If this bill is approved and implemented by the National Assembly, Kuwait will be the last country in the Arabian Gulf region to introduce the system of charging …

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Market mixed; 156 firms post KD 1.62bn profit

Kuwait Stock Exchange (KSE) ended last week with mixed performance. The Price Index closed at 5,228.75 points, down by 0.75% from the week before closing, the Weighted Index increased by 0.24% after closing at 359.82 points, whereas the KSX-15 Index closed at 850.50 points up by 1.15%. Furthermore, last week’s …

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Yiaco Medical Company issues status update on Al-Adan Hospital BOT Project transfer to MoH – New equipment first of its kind in region with cutting-edge technology

KUWAIT CITY, April 2: YIACO Medical Company, one of the leading healthcare networks in Kuwait issued an update on the status of the Al-Adan Radiology Nuclear Medicine Laboratory Center BOT Project transfer to the Ministry of Health during a press conference held at the YIACO headquarters today. The press conference …

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Raising the US minimum wage to $15 an American dream – California, New York poised to become highest-paid-wage states

New York, Seattle, California: in the battle over the US minimum wage, cities and states are taking their own initiative, making regional advances toward the goal of a $15 an hour floor. Some cities have voted through spectacular increases, making the dream of better pay a reality for hundreds of …

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Kuwaiti ‘cyclists’ win advanced places in Qatar int’l endurocross

DOHA, April 1, (KUNA) — Kuwaiti racers have seized advanced places in the third round of Qatar International Endurocross, an off-road race championship. On the 250CC 4-stroke race of E1 Class category, cyclist Mohammad Jaffer won second place, Mu’ath Al-Ansari seized third place, while the British rider Ryan Blair shined …

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AUBK continues its strong performance in ’15 – Bank posts KD 47 mln net profit

KUWAIT CITY, April 1: The Chairman of Ahli United Bank — Kuwait, Dr Anwar Ali Al-Mudhaf stressed in the general assembly convened on March 31 that the management of Ahli United Bank, with its successful strategy and conservative policy, together with its risk-prudent management and its commitment with the highest …

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Saudi to join oil ‘freeze’ only if Iran joins – Iraq oil exports rise to 3.259 million bpd in March

LONDON, April 1, (RTRS): Saudi Arabia will agree to freeze crude oil production levels only if Iran and other major producers do so, the kingdom’s deputy crown prince said in an interview with Bloomberg. Iran has said it will not join fellow OPEC and non-OPEC members in a plan to be …

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