Thursday , September 20 2018

Business

Kuwait bourse heads south as volume dips – Jazeera Airways drops 10 fils; KNCC soars

KUWAIT CITY, Feb 10: Kuwait stocks headed south on Wednesday extending the losses to second straight session. The key index dropped 15.93 points to 5,147.87 points amid selling pressure in some of the banks and other blue chips even as oil prices saw a modest rebounds. The KSX 15 gauge …

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ABK records KD 30.4 mn net profit for 2015 – Group’s total assets at year-end rise by 24.6% to KD 4.36 bln

KUWAIT CITY, Feb 10:  Al Ahli Bank of Kuwait (ABK) today announced Operating Profits of KD 87.3 million for 2015, up 5.8 percent from last year.  Operating Income also saw a 9.3 percent jump to KD 128.5 million, while net loans and advances to customers increased by 25.8 percent over …

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Warba Bank records 770% growth in net profit for 2015 – Lender consolidates its position in local market, expands operations in regional and international markets

KUWAIT CITY, Feb 10: Warba Bank, which is one of the fastest growing banks in Kuwai toffering the entire spectrum of world-class Sharia compliant banking and investment service, announces its annual fiscal results for year ending 31st December 2015, reporting a growth in profits of 770% to reach KD 1 …

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Oil prices, monetary policies, EMs pose challenges to GCC economies – Markaz holds presentation on ‘Top GCC Risks for 2016 & Beyond’

KUWAIT CITY, Feb 9: Kuwait Financial Centre “Markaz” has recently held a presentation on “Top GCC Risks for 2016 & Beyond” for its clients and market experts at Chairman’s Club. The presentation was delivered by M.R. Raghu, Head of Research at Markaz and Managing director of Marmore MENA Intelligence, a …

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GIRI launches 4th Management Development Program –

KUWAIT CITY, Feb 9: Gulf Insurance and Re-Insurance, the subsidiary of Gulf Insurance Group the leading insurance service provider in Kuwait and Middle East is working towards management’s vision or creating a highly skilled and competent future management team, Gulf Insurance and Reinsurance Company (GIRI) launched its Management Development Program …

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KFH-Turkey issues capital-boosting $350 mln sukuk – KFH-Capital mandated to arrange the issue: Al-Marzouq

KUWAIT CITY, Feb 9: Kuwait Finance House Turkey (KFH-Turkey) issued Tier 2 capital-boosting sukuk worth USD 350 million to support its capital situation. The bank has set the yield at 7.9 percent for 10-year tenure. The sukuk will be listed on the Irish Stock Exchange for trading. The credit rating …

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KSE slides 45.48 pts amid drop in volume – NBK slips 10 fils; Americana extends rally

KUWAIT CITY, Feb 9: Kuwait stocks veered south on Tuesday extending snapping the three-day gains tracking weakness in regional and global markets. The bourse slid 45.48 pts to 5,163.8 points weighed by selling in select counters led by some of the heavyweights even as investors turned cautious. The KSX 15 …

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Alghanim discusses future of jobs, gender equality in Davos – ‘New vision for Arab Employment’ initiative prepared 50,000 youth to join workforce in 2017

KUWAIT CITY, Feb 8: As part of the World Economic Forum that took place in Davos, Switzerland last month, which revolved around the theme of “The Fourth Industrial Revolution”, Omar Kutayba Alghanim, Chief Executive Officer of Alghanim Industries and Chairman of Gulf Bank, participated in several meetings and panel discussions …

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NBK receives CBK approval to increase authorized capital – Move in line with bank’s plans to maintain healthy capitalization ratios

KUWAIT CITY, Feb 8: National Bank of Kuwait (NBK) received Central Bank of Kuwait approval to increase the bank’s authorized capital from KD 504 million to KD 600 million. The approved increase in authorized capital gives the bank the flexibility to increase its paid-in-capital at a later stage, if needed. …

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Kuwait bourse edges higher; volume jumps – Americana soars 200 fils; KFH slips

KUWAIT CITY, Feb 8: Kuwait stocks ticked up on Monday extending the gains to third consecutive day. The bourse rose 2.45 pts in dull trading to 5,209.28 points even as board remained mixed in absence of fresh catalysts.  The KSX 15 benchmark inched 0.56 pts higher to 842.19 points and …

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