Business

Northern Gulf receives ‘ISO’ certification for second time – Co to continue to offer quality standards

KUWAIT CITY, March 2: Once again, Northern Gulf has received the ISO Standard 9001:2008 certification, thanks to its application of rigorous quality standards in the management of new car sales, and after intensive auditing by the issuing authority, Bureau Veritas. The certification ceremony was held at Hyundai’s showroom in Shuweikh, …

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KSE index advances 26.7 pts; volume up – NBK gains 10 fils; Americana tumbles

KUWAIT CITY, March 2: Kuwait stocks pulled higher on Wednesday as it extended the gains to second straight session. The price index rose 26.7 pts to 5,262.35 points led by strong buying in banks and some of the heavyweights. The market mood was buoyant even as crude oil prices continued …

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ABK celebrates National and Liberation Day

Al Ahli Bank of Kuwait (ABK) marked the conclusion of its celebrations for National and Liberation Day by celebrating this occasion with its staff members on Feb 24. All employees at the Head Office and across all branches were presented with the Kuwaiti flag and themed pins upon arrival, and …

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Zain becomes signatory to GSMA’s Humanitarian Charter – Initiative aims to create a more coordinated and predictable response to disasters

BARCELONA, March 1: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and North Africa, has become a signatory to the GSMA’s Humanitarian Connectivity Charter, which was launched at Mobile World Congress in Barcelona in 2015. The industry-wide initiative is geared at demonstrating the commitment of …

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KSE kicks off month with 28.16 pts gain – Americana gains 20 fils; Zain flat

KUWAIT CITY, March 1: Kuwait stocks veered higher ON Tuesday as it kicked off the month on a strong note. The bourse climbed 28.26 pts to 5,235.65 points helped by speculative buying in select counters. The banks were mostly muted while other heavyweights closed mixed. The KSX 15 benchmark eased …

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Arab govt debts rise sharply in 2015: S&P – $134bn seen in 2016

DUBAI, March 1, (AFP): Borrowing by leading Arab governments has more than doubled last year and is forecast to remain high in 2016, Standard and Poor’s ratings agency reported on Tuesday. The debt taken by 11 Arab nations rated by the agency, including the oil-rich Gulf Cooperation Council (GCC) states, shot …

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Ooredoo ‘honors’ official distributors, top retailers – Gesture of gratitude

KUWAIT CITY, Feb 29: Ooredoo Kuwait, a member of the international Ooredoo Group, organized a special ceremony to honor its official distributers who have achieved the highest sales in 2015. The event was held at Ooredoo’s headquarters and was attended by a number of distributers representatives and a number of …

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Moody’s affirms NBK’s Aa3 rating with stable outlook – Bank in preferential position to exploit larger credit opportunities compared to peers

KUWAIT CITY, Feb 29: Moody’s Investors Service has affirmed National Bank of Kuwait’s (NBK) long-term global local currency (GLC) deposit rating at Aa3, the highest in the Middle East and North Africa, with a stable outlook. In its latest credit opinion report, Moody’s assigned a Counterparty Risk Assessment (CR Assessment) …

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OPEC oil output slips from record in Feb – Iran increases supply: survey

LONDON, Feb 29, (RTRS): OPEC oil output has fallen in February from the highest monthly level in recent history, a Reuters survey found on Monday, due to a halt in Iraq’s northern exports and outages in other producers. The survey also found stable output in top exporter Saudi Arabia, an …

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KSE winds up month with marginal retreat – Americana soars 60 fils; NBK flat

KUWAIT CITY, Feb 29: Kuwait stocks edged lower on Monday to wind up the month on a dull note. The bourse eased 5.29 points in sluggish trade to 5,207.39 pts with a mixed board even as investors eye fresh cues after the string of annual results. The KSX 15 measure …

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