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Business

Kuwait indices underperform; volume dips

Boursa Kuwait ended last week in the red zone. The Price Index closed at 7,029.43 points, down by 0.20% from the week before closing, the …

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Bourse witnesses negative week as indices dip – KFH Capital

The KSE Indices witnessed a negative week as indices decreased this week. The KSE price index closed at 7,029.43 a decrease of 0.20 percent down …

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EQUATE Group records net profit of $679 mln for 2016

KUWAIT CITY, March 30: The EQUATE Group, a global producer of petrochemicals, announced today $679 million in total net profit for the fiscal year ending …

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Markaz to adopt cloud-based, mobile solutions for its ops

KUWAIT CITY, March 30: Kuwait Financial Centre “Markaz” announced that it will utilize Yardi Voyager® 7S, the browser-agnostic and mobile-enabled software as a service platform …

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Burgan Bank holds AGM and Shafafiyah Forum

Board of Directors approves 5 pct cash dividend, 5 pct in bonus shares KUWAIT CITY, March 29: Burgan Bank held its Ordinary and Extraordinary General …

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KAMCO 2016 profit surges 144 percent – Revenues up 13% to KD 8.29mn

KUWAIT CITY, March 29: KAMCO Investment Company K.S.C. (Public), a leading investment company with one of the largest AUMs in the region, announces its financial …

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VIVA holds its AGM, OKs cash dividend of 10 fils

Company logs net profit of KD 40 mln and shareholder equity reaches KD 133 mln in 2016 KUWAIT CITY, March 29: VIVA held its Annual …

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Court of Appeal ruling affirms Alghanim Auto as the distributor of Ford in Kuwait

KUWAIT CITY, March 28: The administrative Court of Appeal affirmed a first instance judgment in favor of Alghanim Auto confirming the validity of its registration …

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Trade surplus narrows to 11-year low in 2016 – Imports flat

KUWAIT CITY, March 28: Kuwait’s trade surplus retreated to an 11-year low of KD 4.7 billion in 2016 or 14 percent of GDP, as oil …

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KOC awards Petrofac Burgan contract worth $1.3bn

KUWAIT CITY, March 28, (Agencies): British oilfield services company Petrofac Ltd said on Tuesday Kuwait Oil Co had awarded the company a $1.3 billion engineering, …

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