Friday , October 19 2018

Business

Burgan Bank holds AGM and Shafafiya Forum – General Assembly agrees to a payout of 18 fils cash dividends

KUWAIT CITY, April 20: Burgan Bank held its Ordinary and Extraordinary General Assembly meeting and Al Shafafiya Investors forum Wednesday at the KIPCO Tower, where the Board of Directors presented the bank’s financial earnings report for the year ended Dec 31, 2015 and agreed to a payout of 18 fils …

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KIPCO supports ‘Women in Corporate World’ – Event to discuss gender diversity at workplace

KUWAIT CITY, April 20: KIPCO – the Kuwait Projects Company – is partnering with Alghanim Industries and Gulf Bank in the upcoming conference, ‘Women in the Corporate World: Beyond the Glass Ceiling’. The event will take place on Wednesday, May 4, at Jumeirah Messilah Beach Hotel. This conference brings together …

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KFH records KD 34.1 mln net profit in Q1 – EPS rises by 14% to reach 6.61 fils; total assets hit KD 16.77 billion

KUWAIT CITY,  April 20: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that “KFH has, by the grace of Allah, realized a KD 34.1 million net profits for the first quarter of 2016 for KFH shareholders compared to KD 29.9 million for the same period last year i.e. …

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KSE index ‘edges’ up; volume little changed – KIPCO slips 10 fils; NBK stagnates

KUWAIT CITY, April 20: Kuwait stocks edged higher on Wednesday extending the robust gains in the last session. The price index pared back steeper gains to close 2.59 points higher at 5330.78 pts. The sentiment was mixed even as investors await fresh cues. The KSX 15 gauge inched 0.92 pts …

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Kuwait’s ‘Ghinwa’ wins MIT Enterprise Forum Arab Startup Competition – Teams from Saudi, Jordan, Lebanon, Egypt, Tunisia and Morocco share other prizes

KUWAIT CITY, April 18, King Abdullah Economic City: MIT Enterprise Forum Pan Arab, in partnership with founding partner Community Jameel and the Zain Group, announced the winners of the MIT Enterprise Forum Arab Startup Competition from a total of 76 contesting teams from 15 Arab countries. The competition’s final award …

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BTC wins 4 prestigious Bobcat awards – Company recognized for exceptional sales and after sales efforts

KUWAIT CITY, April 18: Bahrah Trading Company (BTC) has won top awards in the Bobcat annual Middle East & Africa regional dealer meeting held recently at Istanbul Turkey. The meeting was attended by distinguished Senior Management representatives from most of the dealers in the region. BTC delegation was represented by Paul …

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Kuwait bourse drops as oil talks collapse – NBK sheds 20 fils; KIPCO unchanged

KUWAIT CITY, April 18: Kuwait stocks swung lower on Monday amid moderate selling in select counters. The bourse dropped 26.79 points in sluggish trade as investors digested the news of Doha talks on oil output freeze failing to yield any positive results. The KSX 15 dropped 8.11 pts to 858.27 …

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Gulf growth forecasts cut, except Kuwait – No recessions

DUBAI, April 18, (RTRS): Analysts have cut their economic growth forecasts for the Gulf Arab oil exporting states further despite a rebound in crude prices, because of the impact of governments’ austerity policies, a Reuters poll found. Brent crude oil has climbed to around $40 a barrel from about $30 since …

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NBK records KD 78.9 mln net profit for Q1 – Total assets up 5.8% y/y to KD 24.7 bln; bank continues with its diversification strategy: Al-Sager

KUWAIT CITY, April 17: National Bank of Kuwait (NBK) reported net profits of KD 78.9 million ($262 million) for the first quarter of 2016 compared with KD 96.5 million ($320 million) for the same period in 2015. Adjusting for gains recognized in 1Q 2015 from the sale of NBK’s 30 …

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Jazeera Airways holds AGM, OKs KD 3 mln cash dividend – ‘2015 another profitable year for airline’

KUWAIT CITY, April 17: Jazeera Airways shareholders today approved a board proposal for the distribution of a cash dividend of KD 3 million, equivalent to 15 percent of the share’s nominal value, for the year 2015 during the company’s 14th Annual General Meeting of Shareholders that was held Sunday at …

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