Business

Kuwait dinar down to 2009 level in forwards – Low oil prices reduce liquidity

DUBAI, Nov 24, (RTRS): The Kuwaiti dinar fell sharply against the US dollar in the forward market on Tuesday, to levels last seen in 2009, reflecting a shortage of dinars in the cash market as low oil prices reduced liquidity, bankers said. Kuwait is one of the richest of the …

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Kuwait index retreats 8.64 pts; volume drops – NBK dips 20 fils; Humansoft Holding soars

KUWAIT CITY, Nov 24: Kuwait stocks retreated Tuesday snapping the three-day upswing. The bourse slipped 8.64 pts in lackluster trade to 5,765.04 points as profit taking weighed on select counters after recent gains. The heavyweights closed mostly lower even as the board remained broadly mixed. The KSX 15 gauge slid …

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Alghanim Industries sponsors NUKS USA Branch confab – Event to take place in San Diego from Nov 25 to 28th 

KUWAIT CITY, Nov 24: Alghanim Industries, one of the largest private companies in the region, has announced its sponsorship for the 32rd annual conference of the National Union of Kuwaiti Students (NUKS) USA Branch, the conference will take place from Nov 25 to 28 in San Diego, California, under the …

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Gulf Bank bags JP Morgan award

KUWAIT CITY, Nov 23: Gulf Bank announced today that it has achieved the Elite J.P. Morgan Quality Recognition Award for 2015, acknowledging its operational excellence in MT103 commercial payments for 2015. Sherif Abdelsalam, Executive Director, Head of GCC F.I. Coverage and Mrs Sahar Adelzadeh, Client Service Account Manager presented the …

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ABK receives Elite Quality Recognition Award from J.P. Morgan Chase

Al Ahli Bank of Kuwait (ABK) was recently presented the Elite Quality Recognition Award for the year 2015 from J.P. Morgan Chase, New York, for its exemplary execution of electronic payments. Somnath Menon, Chief Operating Officer at ABK received the award saying: “We are delighted to see ABK’s commitment to …

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GCC liquidity squeeze could spur reforms: Raghu – Low oil prices could result in deficit of 7.9% of GDP in 2015

KUWAIT CITY, Nov 23: Kuwait Financial Centre “Markaz” has recently held a presentation on “GCC Liquidity-Impact on Banks, Stock markets and Bond markets” in collaboration with Kuwait Banking Association (KBA). The presentation was delivered by M.R. Raghu, Senior Vice-President of Research at Markaz and Managing Director of Marmore MENA Intelligence, …

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Kuwait bourse extends gains in choppy trade – Ooredoo climbs 40 fils; KIPCO flat

KUWAIT CITY, Nov 23: Kuwait stocks headed north on Monday extending the gains to third straight session. The bourse climbed 17.54 pts in choppy trade to 5,773.68 points helped by buying in select counters. The heavyweights closed mixed even as investors remained largely cautious. The KSX 15 benchmark rose 4.41 …

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Chevrolet Alghanim celebrates season with an exclusive offer – Own any Chevrolet vehicle and get a prepaid bank card upto KD 1,000

KUWAIT CITY, Nov 22: In celebrating the most anticipated return of the outdoor season in Kuwait, Yusuf Ahmad Alghanim & Sons Automotive, the exclusive distributor of Chevrolet vehicles in the country, is happy to announce a spectacular offer that will not only make the customers’ shopping experience at Chevrolet Safat …

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Kuwait kicks off week with 30.73 pts advance – KFH rallies 20 fils; Kout Food dives

Kuwait City, Nov 22: Kuwait stocks pulled higher on Sunday extending the gains to second consecutive session . The price index, after a tame start, climbed 30.73 pts to 5,756.14 points as signs of firming oil prices buoyed the investors sentiment Some of the mid and small caps paced the …

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India’s online start-ups fear bubble bursting for e-firms – Many e-commerce companies overvalued: analysts

MUMBAI, Nov 22, (AFP): Hundreds of layoffs at several Indian start-ups have sparked fears the bubble is starting to burst for the country’s e-commerce companies, amid claims by analysts that many of them are overvalued. Restaurant search website Zomato, food delivery app TinyOwl and property portal Housing. com are all …

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