Tuesday , October 23 2018

Business

Ooredoo signs MoU with KCC – Easy banking transfer

KUWAIT CITY, March 29: Ooredoo Kuwait, a member of the international Ooredoo Group, has recently announced signing a Memorandum of Understanding with Kuwait Clearing Company (KCC) to assist with 2015 cash dividends transfer to the company’s shareholders. This agreement will allow an easy banking transfer and enable shareholders to get …

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Dubai non-oil foreign trade hits AED 1.283tn in ’15 – Sector continues to demonstrate strong performance and significantly contributes to country’s economic growth: Crown Prince

DUABI, March 29: Crown Prince of Dubai and Chairman of Dubai Executive Council His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum today announced that Dubai recorded a non-oil foreign trade of AED 1.283 trillion in 2015 with AED 796 billion of imports, AED 132 billion of exports, and …

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KIB 2015 net profit rises 17% to KD 16.1 mln – Assets up 8% to reach KD 1.79bn; Board recommends cash dividend of 9 fils per share

KUWAIT CITY, March 28: The Kuwait International Bank (KIB) announced a profit of KD 16.10 million for the year ending Dec 31, 2015, which is a 17 percent increase year on year as the 2014 profit was KD 13.70 million. Speaking at the Annual General Meeting held at the bank’s …

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GIG posts KD 14.09 mln net profit for 2015 – General Assembly approves cash dividend of 40 fils per share

KUWAIT CITY, March 28: The Gulf Insurance Group (GIG) Monday held its 54th ordinary general assembly meeting, announcing that it achieved a net profit of KD 14.09 million which amounts to 78.60 fils per share for the year ended December 31, 2015. The quantum of profit reflects a double digit …

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Projects worth KD 18 bln awarded in 2014-15 yet to impact economy – 97% of contracts awarded to contractors instead of PPPs

KUWAIT CITY, March 28: Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre “Markaz”, recently released a research report highlighting the projects landscape across sectors in Kuwait. A summarized indicative impact of announced and completed projects in Kuwait discussed in the report is as follows. Marmore discusses the projects landscape …

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KSE index firms up amid sluggish trade – KFH rallies 20 fils; Gulf Bank ticks up

KUWAIT CITY, March 28: Kuwait stocks swung higher on Monday recouping some of the losses in the day before. The bourse rose 10.24 points in sluggish trade to 5,252.26 pts helped by spurt in buying in some of banking shares. The KSX 15 benchmark jumped 6.94 pts to 837.97 points …

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CBK praised for Kuwait’s financial stability – Cenbank policies cushion impact of dwindling oil prices

KUWAIT CITY, March 27, (KUNA): Drastic fall of crude oil prices has brought to the surface enormous difficulties facing Kuwait economic and financial decision-making authorities. Not only so, the hardships have also revealed the efforts exerted to keep ripples of the international financial crisis at bay. During recent times, when …

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Workers suffer in Saudi as once-mighty Hariri firm falters – Poor management at Saudi Oger blamed, compounded by Kingdom’s economic challenges

RIYADH, March 27, (AFP): He’s had no salary for six months, he cannot pay his children’s school fees and his permit to reside in Saudi Arabia has expired. But Robert still holds out hope that things might improve for him and thousands of other workers at Saudi Oger Ltd, the …

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Agility posts KD 53 mln net profit for 2015 – Board proposes dividend distribution of 30 fils per share, plans buy-back

KUWAIT CITY, March 27: Agility announced its 2015 financial results, reporting a net profit of KD 53 million, or 46.41 fils per share, an increase of 5% over the same period in 2014. Revenue for the year stood at KD 1.3 billion. EBITDA stood at KD 100 million. For fourth …

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Kuwait bourse heads south as volume dips – NBK sheds 20 fils; Jazeera Airways gains

KUWAIT CITY, March 27: Kuwait stocks headed south on Sunday after posting modest gains in the previous week. The bourse dropped 26.43 points in a tame session to 5,242.02 pts weighed by banks and some of the mid-caps. The KSX 15 benchmark slipped 9.76 points to 831.03 pts paring the …

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