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Wednesday , November 21 2018


PM urges expansion of Kuwaiti oil industry worldwide – HH Sheikh Jaber extols KPI’s work on Vietnam

HANOI, May 5, (KUNA): Kuwait’s Prime Minister His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah stressed on Thursday the imperative to expand Kuwait’s oil industry operations worldwide. His Highness the Premier said that — in the course of his visit to Vietnam — as he attended a presentation by Kuwait Petroleum …

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Saudi says market reforms effective by mid-2017 – Move to attract foreign investment

DUBAI, May 5, (RTRS): Saudi Arabia will implement by the middle of 2017 planned reforms to stimulate the stock market and open it wider to foreign investment, the Capital Market Authority (CMA) said on Thursday. “The amended rules will be published and effective before the end of the first half …

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China’s car buyers seek more room and comfort; boost for ‘minivans’ – E-cars, self-driving could revolutionise car interiors

BEIJING, May 5, (RTRS): Even as Chinese car buyers feed a boom in crossovers and sport utility vehicles (SUVs), automakers are looking ahead to the likely ‘next big thing’ and reckon affordable people-carriers, or multi-purpose vehicles (MPVs), could be it. Shifts towards electric cars in many cities, potential breakthroughs in …

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KSE continues to tread water; volume recedes – Americana dips 40 fils; KIPCO flat

KUWAIT CITY, May 4: Kuwait stocks continued to tread water for the second straight session on Wednesday. The bourse eased 2.19 points to 5,373.17 points even as investors kept a wary eye on the retreating oil prices. The banks were mostly muted while other heavyweights closed mixed. The KSX 15 …

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Saudi firms faring better in era of austerity – More pain lies ahead

DUBAI, May 4, (RTRS): Saudi Arabian companies are faring better in an era of austerity than many investors feared, but they face more pain in the coming months as gains from cost-cutting and efforts to improve efficiency become more difficult. The world’s largest oil exporting country is in the grip …

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Iran oil exports above 2 mln bpd

DUBAI, May 4, (RTRS): Iran’s oil exports have risen above 2 million barrels a day, the official news agency IRNA reported on Wednesday, citing Mohsen Ghamsari, director for international affairs at National Iranian Oil Company (NIOC). In March, NIOC said exports had reached 1.8 million bpd. Iran pledged to increase …

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AUB first qtr net profit rises 5% to $154.6mn – Total operating income grows by 6.3% to $280.5 mn

MANAMA, May 4: Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 154.6 million for the quarter ended March 31, 2016. The net profit reflected an increase of 5.0% in Q1/2016 as compared to the net profit figure of US$ 147.2 million achieved …

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ABK awarded ‘Bank of the Year’ by Arabian Business – Bank recognized for successful ‘Simpler Banking’ strategy

KUWAIT CITY, May 3: Al Ahli Bank of Kuwait (ABK) won the ‘Bank of the Year’ award from Arabian Business, one of the foremost business magazines in the region. This prestigious award was received by Michel Accad, ABK’s Chief Executive Officer, during a ceremony held on May 2nd, 2016 at …

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Malabar Gold & Diamonds opens 150th outlet – Kareena Kapoor Khan inaugurates showroom in Belagavi, India

KUWAIT CITY, May 3: Bollywood Actress Kareena Kapoor Khan launched 150th outlet of Malabar Gold & Diamonds on April 30th in the presence of   M.P. Ahammed, Chairman —Malabar Group;   Asher. O, Managing Director — India Operations, Malabar Gold & Diamonds;   KP Abdul Salam, Group Executive Director, Malabar Gold & Diamonds; …

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FSI organizes discussion session on liquidity & risk – Event hosted by CBK

KUWAIT CITY, May 3: The Financial Stability Institute (FSI), which is affiliated to the Bank for International Settlements in Basel, Switzerland, organized an open discussion session; in conjunction with the General Secretariat of the Gulf Cooperation Council with the Central Bank of Kuwait as host. In his opening speech, Executive …

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