Thursday , April 26 2018

Business

GIG supports KIPCO Tmkeen Award for Young Entrepreneurs – Move part of its social corporate partnership initiative to encourage Kuwaiti youth

KUWAIT CITY, Dec 23: Gulf Insurance Group, a leading company in the field of rendering the insurance services in the State of Kuwait and the Middle East, announced its support for the KIPCO Tmkeen Award for Young Entrepreneurs. The award is a partnership between KIPCO – Kuwait Projects Company – …

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KSE closes 4.7 pts lower to finish at 5,619.98 pts – 89.22 million shares traded

KUWAIT CITY, Dec 23: Kuwait stocks staggered 4.7 points or 0.08% lower for a 5619.98 points finish. The weighted index stood at 380.98 points, steering 0.57 points to the green. The KSE 15 benchmark closed at 902.52 points with a 2.36 point hike. The total number of trades stood 2.680 …

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Kuwait’s property prices to decline in 2016, say experts  – Rate hike, low oil prices cited

KUWAIT CITY, Dec 23, (KUNA): Property experts predict the year 2016 will witness decline of prices of investment and residential units but believe those for commercial purposes will firm. Recent interest raise on the Kuwaiti dinar and ongoing decline of oil prices are among main factors that will push property …

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Gulf Bank wins ‘Affect Category’ award at ACA – ‘I Am Kuwaiti’ commercial delivers message of unity

KUWAIT CITY  Dec 22: Gulf Bank announced that it was recently awarded the  Affect Category Award at the 3rd Advertising Creativity Awards (ACA) event organized by the Arab Media Forum. The event was held under the auspices of Sheikh Salman Sabah Al-Salem Al-Homoud Al-Sabah, Minister of Information and State Minister …

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Al Masah Capital ‘rebrands’ Healthcare MENA to AVIVO – Plans to invest $300 mln in Kuwait, GCC

KUWAIT CITY, Dec 22: ‘Al Masah Capital Limited’, one of the region’s leading alternative investment and asset management firms, has announced the rebranding of its healthcare private equity initiative, ‘Healthcare MENA Limited’ (HML), to ‘AVIVO GROUP’. The group has announced plans to expand its presence in Kuwait, a market that …

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KPC names new board – Al-Adsani remains CEO

KUWAIT CITY, Dec 22, (RTRS): Kuwait’s national oil company, Kuwait Petroleum Corp (KPC), has named a new board, three weeks after the oil minister was replaced, a source familiar with the matter said on Tuesday. The identities of the new board members were not immediately known, and comment could not …

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Kuwait index ends in green with 11.02 pts rise – Oil and gas sector closes 1.875 points higher

KUWAIT CITY, Dec 22: Kuwait stocks continued their pull to the green, rising 0.2% or 11.02 points to close at 5,624.68 points with mixed boards. The weighted index ebbed 2.08 points lower to 380.41 points. The KSE benchmark retreated 7.27 points to 900.16 points. A total of 96.18 million shares …

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OPEC stays with market share over price policy – Prices continue to be pressured by persistent oversupply

November saw oil prices remain depressed below the $50 per barrel (bbl) level for the fourth month in a row as the crude supply glut showed no sign of easing. A strengthening US dollar, which rallied to an 8-month high during the month, and a 5% decline in Chinese equities …

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Priority Automobile signs deal with Northern Gulf – Hyundai dealer to provide 300 lease vehicles

KUWAIT CITY, Dec 21: As part of Hyundai’s continued growth in the local market, Northern Gulf — Hyundai’s exclusive dealer in Kuwait — recently signed an agreement with Priority Automobile to provide 300 lease vehicles, including all supporting services. The agreement demonstrates Priority Automobile’s confidence in the quality and reliability …

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Ashkanani International to offer Tally.ERP 9 in Kuwait

KUWAIT CITY, Dec 21: Ashkanani International General Trading and Contracting Company WLL, a leading provider of financial solutions in Kuwait, has partnered with Tally Solutions to offer Tally.ERP 9, India’s leading business management software product to customers in Kuwait. The company will also offer implementation and customisation support, as per …

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