Wednesday , October 17 2018

Business

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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Kuwait gives impetus to infrastructure development – Doha Bank hosts knowledge sharing session on ‘changing dynamics and market opportunities’

DOHA, April 24: Doha Bank hosted a knowledge sharing session on “Changing dynamics and market opportunities” on 19th April 2016 at JW Marriot Hotel, Kuwait. The key speakers at the event include Dr Hamad Al Hasawi, General Secretary of Kuwait Banking Association, Aninda Banerji, Chief Financial Officer at City Group …

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ABK receives award from Commerzbank AG – Bank recognized for its commitment to int’l quality standards

KUWAIT CITY, April 23: Al Ahli Bank of Kuwait (ABK) was recently presented the Award for Excellent Quality by Commerzbank AG. ABK was recognized because of its exemplary delivery of commercial payments and financial institution transfers in 2015. Somnath Menon, Chief Operating Officer at ABK expressed his pleasure in receiving the …

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Gulf Bank wins ‘Credit Card Product of Year in Mideast’ award – Gulf Rewards offers exceptional benefits

KUWAIT CITY, April 23: Gulf Bank today announced that it has been awarded the ‘Credit Card Product of the Year in the Middle East’ award from The Asian Banker, one of Asia’s leading consulting companies in financial services research, benchmarking, and intelligence. Gulf Bank received this award for its Gulf …

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The failed Doha meeting – Politics taking higher precedence over prices

The unexpected has happened. The first meeting of oil producing countries last Sunday ended in a huge failure despite all preparations carried out behind closed doors were satisfactory. Representatives from 18 oil producing countries had gathered for the meeting in order to stabilize and strengthen the oil prices. However, the …

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Bourse ends week trading on mixed board

Kuwait Stock Exchange (KSE) ended last week with mixed performance. The Price Index closed at 5,346.95 points, up by 0.88% from the week before closing, the Weighted Index decreased by 0.38% after closing at 363.68 points, whereas the KSX-15 Index closed at 855.36 points down by 0.90%. Furthermore, last week’s …

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KFH discusses opportunities for cooperation with IDF prez

KUWAIT CITY, April 22: Chief Strategy Officer at Kuwait Finance House (KFH) Eng Fahad Khaled Al-Mukhaizeem discussed opportunities for cooperation with Dr Shaukat M. Sadikot, the president of the International Diabetes Federation (IDF). Increasing the awareness of diabetes and the importance of concerted efforts to fight against this disease and …

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