Friday , October 19 2018

Business

Agility eyes opportunities from Kuwait privatisation – Company targets entering Iran market, challenges remain in Egypt

KUWAIT CITY, March 16: Kuwait’s Agility, the Gulf’s largest logistics company, will be interested in bidding for the management of Kuwait’s airport and ports if plans to privatise them go ahead, the chief executive Tarek Sultan said on Wednesday. Kuwait’s Finance Minister Anas Al-Saleh said on Monday that the government …

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Moody’s revises outlook on Saudi Arabia banking system to negative – Persistently low oil prices, spending cuts weigh on sector

DUBAI, March 16: Moody’s Investors Service has changed its outlook for the Saudi Arabian banking system to negative from stable, according to its latest outlook research report, published today. The outlook reflects the rating agency’s expectation that the persistently low oil prices and resultant government spending declines will ultimately weigh …

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Kuwait stocks retreat amid ‘sluggish’ trade – Americana sheds 20 fils; Zain flat

  KUWAIT CITY, March 16: Kuwait stocks pulled lower on Wednesday, as it extends its volatile course. The bourse dropped 13.88 points in lackluster trade to 5,228.91 points amid moderate selling in select counters. The trading board was mixed even as eye investors fresh cues. The KSX 15 benchmark slipped …

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Al Habtoor awards top talent at Employee Excellence Awards – Chairman presents total of 24 awards to commend high performers across Group

DUBAI, UAE, March 15: The Chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, recognized top talent at the Al Habtoor Group of companies today at the Al Habtoor Groups annual Employee Excellence Awards. The event took place at the Habtoor Beach Resort & Spa, Autograph Collection on Monday …

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Kuwait index edges higher; volume dips – NBK slips 10 fils, Mabanee Co flat

KUWAIT CITY, March 15: Kuwait stocks nudged higher on Sunday after falling sharply in the last session. The main index rose 3.6 points in choppy trade to 5,243.79 points with a mixed board even as oil prices extended its losses. The KSX 15 gauge climbed 6.4 pts to 851 points …

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Financing needs for GCC at $151.3bn in 2016 – Bonds expected to cover 38% of it: Raghu

KUWAIT CITY, March 15: Kuwait Financial Centre “Markaz” recently held a presentation on “Forecasting Sovereign Debt Issuances in GCC” in collaboration with Kuwait Banking Association (KBA). The presentation was delivered by Raghu, Head of Research at Markaz and Managing Director of Marmore MENA Intel-ligence, a research subsidiary of Markaz providing …

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KNPC close to $3 billion loan to part-fund refineries revamp

DUBAI, March 15, (RTRS): Kuwait National Petroleum Company (KNPC) expects to close the first phase of funding for its multi-billion-dollar Clean Fuels Project with local banks as soon as the first week of April, the state oil refiner told Kuwait News Agency on Tuesday. Part of the country’s KD 30 …

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Zain offers new Galaxy S7 and Galaxy S7 Edge

KUWAIT CITY, March 15: Zain, the leading telecommunications company in Kuwait, launched its latest Galaxy S7 and Galaxy S7 Edge with plans for postpaid customers with more talk time and more data starting from KD 21 monthly. The new smartphone plans allow postpaid customers to enjoy exciting features, including 50 …

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Markaz hosts group of BBS senior students – Employment options in financial services deicussed

KUWAIT CITY, March 14: As part of its Corporate Social and Economic Responsibility (CSER), Kuwait Financial Centre “Markaz” hosted a group of Bayan Bilingual School (BBS) senior students to explain to them how investment companies work within the larger picture of the economy and what educational qualifications and skills they …

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KSE sheds 48.35 pts amid profit booking – NBK drops 20 fils; Jazeera Airways gains

KUWAIT CITY, March 14: Kuwait stocks swung lower on Monday erasing the last week’s gains. The price index slid 48.35 pts to 5240.19 points weighed by broad profit booking led by banking shares even as the telecom services providers remained muted. The KSX 15 dropped 11.41 points to 857.43 pts …

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