Sunday , January 21 2018

Business

Ajar Online wins KIPCO Tmkeen Award – Winner receives prize worth $100,000 in services from KIPCO Group

KUWAIT CITY, Nov 10: Ajar Online, an online platform for the payment and collection of rent co-founded by young Kuwaiti entrepreneurs Shaheen Alkhudhari and Talal Alyaseen, was named the winner of the first-ever KIPCO Tmkeen Award for Young Entrepreneurs. The announcement was made at the opening of the Youth Empowerment …

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IFC could help in growth of Islamic finance industry – Event can provide forum for global dialogue to boost the sector

KUWAIT CITY, Nov 10, (KUNA): Governor of Central Bank of Kuwait (CBK) Mohammad Yousef Al-Hashel has said the Islamic Finance Conference (IFC) to be hosted by Kuwait tomorrow can provide a forum for global forum to develop a vision for the sustained growth of the Islamic financial industry. The conference …

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Alstom bags mega Indian railways deal

French engineering firm Alstom has won a contract worth $3 billion to modernise India’s vast colonial-era train network, the government revealed on Tuesday, a day after another mega agreement was announced. Alstom will supply 800 electric locomotives and build a factory in the eastern state of Bihar as part of …

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Kuwait treads water; volume turnover drops – NBK sheds 20 fils; Zain slips

KUWAIT CITY, Nov 10: Kuwait stocks trod water on Tuesday as investors consolidated their position after two-day advance. The price index eased 0.4 pts to 5,787.28 points paring back steeper losses earlier in the session. The heavyweights closed mixed even as some of the insurance and industrial shares shone. The …

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Fitch affirms NBK’s ratings at ‘AA-’ – Highest ratings in MENA; outlook stable

KUWAIT CITY, Nov 9: Fitch Ratings, the international credit rating agency, affirmed National Bank of Kuwait’s (NBK) Long-term Issuer Default Rating (IDR) at ‘AA-’, the highest in the Middle East and North Africa, with a Stable Outlook. Fitch said that NBK’s ratings underpins  its unique status and systemic importance as …

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Islamic lender Warba Bank organizes staff gathering – Achievements and solid values highlighted

KUWAIT CITY, Nov 9: Warba Bank has recently organized a staff gathering in the presence of Jassar Dakheel Al Jassar, the Vice-Chairman and Chief Executive Officer, the members of the top management and the Bank’s employees. During the event, the management highlighted the achievements added to the Bank’s record this …

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Global posts KD 5.9mn net profit for 9M – Company’s fee revenues at KD 9.9mn

KUWAIT CITY, Nov 9: Global Investment House (“Global” or the “Company”) announced its financial results for the nine months ended Sept 30, 2015. During 9M 2015, the Company recorded a net profit of KD 5.9 million (US$19.6 million), total income of KD 13.1 million (US$43.2 million) and fee revenues of …

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Kuwait bourse adds 10.84 pts; volume up – KIPCO rallies 20 fils; Agility flat

KUWAIT CITY, Nov 9: Kuwait stocks headed north on Monday extending the gains to second straight session. The price index, after a wobbly start closed 10.84 pts higher at 5,787.68 points led by banking and financial sector shares. The sentiment was cautiously positive even as investors eye fresh cues. The …

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Dubai Airshow opens amid drop in new jetliner orders – Wars, conflicts to spur demand for Russian helicopters

DUBAI, Nov 8, (Agencies): After three years of record jetliner orders, planemakers are bracing for a slowdown in new commitments at the Dubai Airshow which opens on Sunday under the shadow of recently falling oil prices and conflicts in the Middle East. Barring traditional show surprises, delegates attending the biennial …

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‘Kuwait’s huge cash reserves allow it to conduct reforms’ – IMF chief urges Gulf to adapt to sustained oil price drop

KUWAIT CITY, Nov 8, (Agencies): International Monetary Fund’s Chief Christine Lagarde said in remarks published on Sunday that Kuwait is privileged with enormous financial reserves, which allow the country to conduct gradual economic reforms, especially by directing surpluses to productive spending. She added in an interview with daily newspaper, “Al-Qabas,” …

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