Sunday , January 21 2018

Business

Experts discuss risk to oil investment – No OPEC, non-member output cuts discussed — delegates

VIENNA, Oct 21, (RTRS): A meeting of oil experts from OPEC and non-member countries discussed the risk that low oil prices would reduce investment in new supplies but agreed no concrete steps on boosting the market, officials said after the talks on Wednesday. The Organization of the Petroleum Exporting Countries …

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Tijari records net profit of KD 25.4 mln for nine months – Bank continues to maintain lowest NPL ratio at 0.94%

KUWAIT CITY, Oct 21: Commercial Bank of Kuwait announced net profit of KD 25.4 million for the nine months period of 2015 compared with KD 25.3 million of last year. The operating profit before provision was KD 74.0 million compared to KD 73.5 million for the same period during last …

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KSE retreats 11.51 pts amid uptick in volume – Americana gains 20 fils; Humansoft tumbles

KUWAIT CITY, Oct 21: Kuwait stocks retreated on Wednesday snapping the three-day advance. The key gauge slipped 11.51 points to 5,793.41 pts in lackluster trade as profit booking weighed on select counters. The banks were mostly subdued while other heavyweights closed lower. The KSX 15 benchmark fell 2.76 points to …

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Why optimism about the American economy’s strength has ‘dimmed’ – Overseas pressures

WASHINGTON, Oct 21, (AP): Consumers, fueled by job growth, cheaper gas and higher home values, would drive the US economy through a global slump. That was the widespread hope just a few months ago. Now, doubts are growing that the United States can withstand economic pressures flowing from overseas. Economies …

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Kuwait Airways eyes profit in 2-3 years – Airlines seek to cut costs, improve efficiency

DUBAI, Oct 20, (RTRS): Kuwait Airways expects to make a profit within the next two to three years, its chief executive said on Tuesday, as it aims to cut costs and improve its operational efficiency. The airline’s losses for 2015 will be less than 20 million dinars ($66.3 million), compared …

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Kuwait consumer sector remains robust, says report – Employment among Kuwaiti nationals picks up slightly over last 12 months

KUWAIT CITY, Oct 20: The consumer sector continued to grow more rapidly than the rest of Kuwait’s economy despite some slowdown in growth. Household debt growth remained in the double-digits, though it has moderated over the last twelve months. Consumer spending growth also maintained a robust pace, driven by good …

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Demand puts Ferrari on pole for Wall St debut – IPO first step in complete spin-off process

ROME, Oct 20, (AFP): Ferrari makes its stock market debut on Wall Street on Wednesday with owner Fiat Chrysler hopeful the luxury sports car maker will roar off the starting grid. Against a backdrop of reported strong demand for the stock despite the problems other recent IPOs have encountered, Fiat …

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KSE extends advance with 20.55 pts gain – NBK climbs 10 fils; Zain flat

KUWAIT CITY, Oct 20: Kuwait stocks headed north Tuesday extending the gains to third consecutive session. The price index gained 20.55 points in choppy trade to wind up at 5,804.92 pts led by banks and other blue chips even as investors await more third quarter results. The KSX 15 gauge …

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Emirates Festival of Literature launches complete line-up for 2016 – Event to be held from March 1-12 … set to be a brilliant experience for all

DUBAI, Oct 20: Get ready for two weeks of literary action with the 2016 Emirates Airline Festival of Literature. James Bond author Anthony Horowitz, award-winning children’s writer Jacqueline Wilson, prolific Egyptian scholar and IPAF-winner Youssef Ziedan and astronaut superstar Chris Hadfield are confirmed to be attending the Festival next year, …

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ABK signs MoU with KOSAC – Move to improve competency of workforce

KUWAIT CITY, Oct 19: Al Ahli Bank of Kuwait (ABK) announced signing a Memorandum of Understanding (MoU) with Kuwait Occupational Standards, Assessment and Certification Centre (KOSAC), an organization which builds and develops occupational standards for all professions and businesses in the Kuwaiti labor market. Through the agreement, ABK will leverage …

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