Wednesday , August 15 2018

Business

ABK participates in GUST job fair

Al Ahli Bank of Kuwait (ABK) recently announced the successful conclusion of its participation in the Gulf University for Science and Technology’s (GUST) 18th job fair, under the patronage of Sheikha Al Zain Al Sabah, which was held at the university campus on the 9th & 10th March, 2016. The …

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KSE gains as oil prices surge – Market capitalisation rises by 1.5% to KD 25.25 bln

KUWAIT CITY, March 11: The KSE indices all continued to witness gains, as oil prices surge, the market closed at 5,284.87 up by a 0.78%. The MUDX Islamic Index was also up by 0.75% to close at 516.68 points. While the KSX15 which comprises of the market blue chips closed …

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IEA says oil prices might have bottomed out – Iranian crude supply increase less than dramatic

LONDON, March 11, (RTRS): Oil prices might have bottomed as production declines in the United States and other non-OPEC producers are accelerating and an increase in supply from Iran has been less than dramatic, the International Energy Agency said on Friday. The IEA, which coordinates energy policies of industrialised nations, …

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India, Middle East in talks on oil-for-food scheme – New Delhi seeks to secure energy supplies and boost exports

NEW DELHI, March 11, (RTRS): India is in talks with some Gulf nations to buy oil to fill its strategic reserves and sell food in return, seeking to use its position as the world’s third-largest oil importer to both secure energy supplies and boost exports. Indian Oil Minister Dharmendra Pradhan …

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US import prices fall, but downward trend nearing end – Declining costs for petroleum and range of other goods weigh

WASHINGTON, March 11, (RTRS): US import prices fell in February for an eighth straight month, weighed down by declining costs for petroleum and a range of other goods, but the pace of decline is slowing as the dollar’s rally fades and oil prices stabilize. The Labor Department said on Friday …

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Al Habtoor meets Secretary General of UAE Investors Council

Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group held talks with Jamal Saif Al Jarwan, Secretary General of UAE International Investors Council at the Al Habtoor Group Head Office on March 10.  Also present was K. P. Rajan, Group Financial Advisor, Al Habtoor Group and Sunderesh Iyer, Chief …

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Local banks capable of subscribing in KD 3-5 bn govt bonds: Al-Marzouq – Govt won’t withdraw from deposits to bridge budget deficit: KFH Chairman

KUWAIT CITY, March 10: Chairman, Kuwait Finance House (KFH), Hamad Abdulmohsen Al-Marzouq stated that over 3 years, local banks are able to subscribe in KD 3 to 5 bln in government bonds that are likely meant to bridge the budget deficit. “Downgrading the credit rating for any country takes a …

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Ooredoo Kuwait sponsors Professor Yunus seminar – Bid to develop capabilities of young Kuwaitis

KUWAIT CITY, March 10: Ooredoo Kuwait, a member of the international Ooredoo Group, sponsored Professor Muhammad Yunus’s seminar, entitled ‘Redesigning Economics to Redesign the World’. 2006 Nobel Laureate Professor Muhammad Yunus is a former economics professor at the University of Chittagong, one of Bangladesh’s main universities and founder of Bangladesh-based …

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Kuwait index climbs 6 pts in flattish trade – NBK gains 10 fils; NIG stagnates

Kuwait City, March 10: Kuwait stocks pulled higher on Thursday to end the week on a positive note. The bourse rose 6 points in flattish trading to 5284.87 points even as the board remained broadly mixed. The KSX 15 gauge rose 3.41 points to 871.7 pts taking the month’s gains …

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Gulf Bank holds AGM, OKs 4 fils cash dividend – Bank well placed to continue to develop and innovate: Chairman

KUWAIT CITY, March 9: Gulf Bank today held its Annual General Meeting (AGM) at the Movenpick Hotel, Kuwait, where shareholders approved the company’s audited financial results for the year ended 31 December 2015 and endorsed the recommendation of Gulf Bank’s Board of Directors for a cash dividend of 4 fils …

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