Monday , January 22 2018


Singapore Airlines announces ‘full takeover’ bid for Tigerair

SINGAPORE, Nov 6, (AFP): Singapore Airlines (SIA) on Friday announced a full takeover bid for its struggling budget carrier subsidiary Tigerair and vowed to redevelop it as an integral part of the group’s portfolio. SIA currently owns 55.8 percent of Tigerair and the “voluntary conditional general offer” is for the …

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Jazeera Airways 9M net profit rises 11.7% – Cash payouts to shareholders total KD 52.7 mln in 2015

KUWAIT CITY, Nov 4: Jazeera Airways today announced its third quarter financial results. The company recorded a 2.4 percent rise in net profit for the quarter, bringing its nine-month net profit to KD 14.5 million, reflecting an 11.7 percent increase over the same period last year. Q3 Financial Highlights: * …

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Kuwait oil row as minister tries to shuffle top execs – Al-Omair says believes oil prices have bottomed out

KUWAIT CITY, Nov 4, (AFP): The chief of state-owned Kuwait Petroleum Corp has refused to carry out the oil minister’s decision to swap the CEOs of two subsidiaries, risking a row in the sector, a newspaper reported Wednesday. Nizar al-Adasani, chief executive officer of KPC, the Gulf state’s energy holding, …

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OPEC confidential report sees market share squeeze to 2019 – Iran recommends cartel set price target, adjust output

VIENNA, Nov 4, (RTRS): Global demand for OPEC’s crude oil will remain under pressure in the next few years, the producer group said in an internal report, potentially fuelling a debate on its strategy of defending market share rather than prices. The draft report of OPEC’s long-term strategy, seen by …

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KSE index retreats amid choppy trade – Humansoft holding dives 90 fils; KIPCO flat

KUWAIT CITY, Nov 4: Kuwait stocks sagged on Wednesday, snapping the four-day upswing. The bourse dropped 19.39 points in choppy trade to 5774.86 points as profit taking kicked in after the recent gains. The banks remained subdued whereas other blue chips closed mixed. The KSX 15 benchmark inched 0.1 pts …

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NBK launches new batches of High Fliers Program – Program organized in collaboration with AUB

KUWAIT CITY, Nov 3: National Bank of Kuwait has launched two new batches of the NBK High Fliers Program in collaboration with the American University of Beirut (AUB). The program aims at developing the potential and leadership skills of NBK’s young future leaders. The inauguration of the program was attended …

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Kuwait bourse edges up in lackluster trade – Humansoft Holding gains 20 fils; NBK flat

KUWAIT CITY, Nov 3: Kuwait stocks pulled higher on Tuesday extending the advance to fourth consecutive session. The price index rose 9.45 pts in lackluster trade to 5,794.25 points helped by speculative buying in select counters. The banks remained mostly muted while other heavyweights closed mixed. The KSX 15 benchmark …

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Kuwait’s banking system stable: Moody’s – Sector supported by strong govt spending

LIMASSOL, Nov 3: Moody’s Investors Service has maintained its stable outlook on Kuwait’s banking system, reflecting the rating agency’s expectation of sustained government spending, which will continue to underpin banks’ financial fundamentals. The outlook expresses Moody’s expectation of how bank creditworthiness will evolve in this system over the next 12 …

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KIPCO may seek partners in $5bn real estate deal

KUWAIT CITY, Nov 3, (RTRS):  KIPCO is ready to fund construction of its planned $5 billion real estate project in Kuwait, but is open to bringing in partners to help speed up completion, its vice chairman said on Tuesday. Kuwait Projects Company would also achieve a 15 percent increase in …

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