Business

Kuwait bourse treads water; volume surges – Gulf Insurance Group jumps 50 fils; Zain slips

KUWAIT CITY, Nov 18: Kuwait stocks trod water on Wednesday after heading lower in last two sessions. The price index eased 1.68 pts in sluggish trading to 5,698.1 points even as the board remained largely mixed. The KSX 15 benchmark dived 7.41 pts to 926.26 points and is unchanged form …

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KFH participates in E-Gov forum for 2nd year in a row – Minister of State honors bank for its sponsorship and continuous contributions

KUWAIT CITY, Nov 17: Kuwait Finance House (KFH) has participated for the second year in a row in the third E-government forum themed “Information Technology Manag-ement” as part of its keenness to contribute in supporting E-government programs and discuss the future of effective and secure government services. KFH participation was …

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KAMCO hosts job-shadowing day for Carmel School students – Interactive event held in collaboration with Injaz-Kuwait

KUWAIT CITY, Nov 17: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, and winner of the prestigious Kuwait Asset Manager of the Year Award 2015, hosted an interactive job-shadowing day in collaboration with Injaz-Kuwait. The event consisted of lectures, activities and a …

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Kuwait edges 3.38 pts lower; volume shrinks – NBK sheds 20 fils; Ooredoo gains

KUWAIT CITY, Nov 17: Kuwait stocks fell slightly on Tuesday reversing the uptick in the last session. The main gauge gave up early gains to close 3.38 points lower at 5,699.78 pts weighed by selling in some of the banking and investment shares. The KSX 15 measure dropped 9.6 pts …

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S&P upgrades Qantas rating from ‘junk’ status

SYDNEY, Nov 17, (AFP): Australian carrier Qantas on Tuesday got shot of its “junk” status when Standard & Poor’s lifted its rating from ‘BB+’ to the prized investment grade ‘BBB-’ as the airline bounces back from a tough few years. The upgrade of Qantas’ long-term corporate credit and issue rating …

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ATOCKON launches top car accessories showroom – One-stop-shop destination for finest brands

KUWAIT CITY, Nov 16: Car lovers and enthusiasts in Kuwait who are looking to further enhance the look of their favorite ride can now do so through Atockon’s newly opened one-stop-shop destination for all of the world’s finest car accessory brands. ‘Atockon’ is the sister company of ‘Apex Technology’ the …

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Al Habtoor holds talks with Gov of Virginia –

Khalaf Ahmad Al Habtoor, the Group Chairman held talks with Terence R. McAuliffe, the Governor of Virginia at the Al Habtoor Head Office on Al Wasl Road on Nov 16. They discussed the Chairman’s recent visit to the United States where he delivered a keynote speech at the 24th Annual Arab …

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KFH documentary credit volume up 23 pct – Letter of guarantees surges 79% at end of Q3

KUWAIT CITY, Nov 16: The volume of documentary credit and letter of guarantees transactions offered by the Trade Finance Department at Kuwait Finance House (KFH) increased by 23 percent and 79 percent respectively as of the end of the third quarter of the fiscal year 2015 over the same period …

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KIPCO announces Platinum Sponsorship of NUKS-USA Conference for fifth year

KIPCO – the Kuwait Projects Company – has announced its Platinum Sponsorship of the 32nd Conference of the National Union of Kuwaiti Students – USA Branch (NUKS-USA). The event, sponsored by KIPCO for the fifth consecutive year, will be held on November 25-28 in San Diego, California. This annual conference, …

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Ooredoo wins four top awards at CommsMEA – Middle East Mobile Operator of the Year

KUWAIT CITY, Nov 15: Ooredoo enjoyed incredible success at the CommsMEAAwards in Dubai last week, winning a total of four top prizes, including the highest honour, “Overall Operator of the Year” for Ooredoo Group, and a new category, the “Network Optimization Award” for Ooredoo Qatar’s inspiring initiative to enhance the …

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