Business

KSE indices gain amid upbeat earnings – Market cap rises by 4.4 pct to KD 23.63 billion

KUWAIT CITY, Jan 29: The KSE indices all witnessed a close in positive, after a long interval of a negative closings, amid many counters reporting positive earnings throughout the week. The KSE Price Index saw a marginal increase of 1.30% to close at 5,010.39, as well the KSX-15 closed at …

Read More »

Iran pushes OPEC oil output to new high – 290,000 bpd rise in Jan

LONDON, Jan 29, (RTRS): OPEC oil production has jumped to its highest in recent history in January as Iran increased sales following the lifting of sanctions and its rivals Saudi Arabia and Iraq also boosted supply, a Reuters survey showed on Friday. Rising output in the Organization of the Petroleum …

Read More »

How Saudi ‘defended’ its US crude mkt share – 1.2m bpd since 2009

John Kemp is a Reuters market analyst. The views expressed are his own.                        — Editor By John Kemp LONDON, Jan 29, (RTRS): Saudi Arabia has successfully defended its share of the US oil market even as rising domestic production from shale and growing pipeline imports from Canada have cut seaborne …

Read More »

Gulf Bank net profit rises 10% in 2015 – Bank’s total assets reach KD 5,438 million; 4 fils per share cash dividend recommended

KUWAIT CITY, Jan 28: Gulf Bank today announced an operating profit before provisions of KD 108 million for the year ended, 31 December 2015, and a Net profit at KD 39 million, which is a 10% increase over 2014. At the end of December 2015, the Bank’s total assets were …

Read More »

KFH posts KD 145.8 mln net profit for 2015 – Board recommends 17% cash dividends 10% bonus shares, 31.1 fils EPS

KUWAIT CITY, Jan 28: Kuwait Finance House (KFH) Chair-man, Hamad Abdulmohsen Al-Marzouq said that KFH, by the Grace of Allah and His Blessings, has posted a net profit of KD 145.8 mln for the fiscal year 2015 compared to KD 126.5 mln for the year 2014, thus marking an increase …

Read More »

Apple image bruised by slowing sales – Fears that ‘wow’ days over

SAN FRANCISCO, Jan 28, (AFP): Apple’s image took a bruising Wednesday amid signs of a shift from wowing the world with wonders to making steady money from lovers of its devices. Apple shares were down 6.5 percent to end at $93.80 as investors grappled with news of slowing sales growth …

Read More »

KSE extends rebound, closes above 5,000 pts – NBK rallies 20 fils; Ooredoo flat

KUWAIT CITY, Jan 28: Kuwait stocks swung above the 5,000 pts mark on Thursday to end week on a positive note as oil prices edged up.. The bourse climbed 41.14 points to 5,010.39 pts in a tame session extending the gains to second straight session. The market sentiment was cautiously …

Read More »

Al-Habtoor welcomes the new US envoy to Dubai Paul Malik – Economic issues discussed

DUBAI, UAE, Jan 28: Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group received the new US Consul General to Dubai on Jan 28 at the Al Habtoor Group head office. His Excellency Paul Malik was accompanied by Judith Baker, Political Economic Officer at the US Consulate in Dubai. Also present …

Read More »

ABK ‘One Tap Touch ID’ now live – Mobile banking made simpler with latest upgrade

KUWAIT CITY, Jan 27: As part of ABK’s strategy to make banking ‘simpler’ for customers, the Bank today announced the latest upgrade to its Mobile Banking Application; the One Tap Touch ID Sign-in, which offers a higher level of security, speed and convenience to customers when using the ABK Mobile …

Read More »

ALAFCO records net profit of KD 3 million – EPS clocks 3.7 fils

KUWAIT CITY, Jan 27: Vice-Chairman of the Board and Chief Executive Officer of ALAFCO Aviation Lease and Finance Company (ALAFCO), Ahmad A. Alzabin, announced that the company earned a net profit of KD 3 million for the first quarter of its current fiscal year ended Dec 31, 2015. That translates …

Read More »
Translate »