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Saturday , November 17 2018


Minister of Commerce and Industry opens Cityscape Kuwait 2015 – Event returns with new features and highlights across 7,000 sqm of exhibition space

KUWAIT CITY, Dec 9: The second edition of Cityscape Kuwait held under the patronage of His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, Prime Minister of the State of Kuwait, has been officially inaugurated by His Excellency Dr. Yousef Mohammed Al-Ali, Minister of Commerce and Industry. Taking place until Dec 11, …

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NBK Capital, KAMCO act as lead managers for NBK KD 125mn bond – Historic issuance in Kuwait and MENA

KUWAIT CITY, Dec 9: Watani Investment Company K.S.C.C. (“NBK Capital) and KAMCO Investment Company K.S.C.P. (“KAMCO”) acted as Joint Lead Managers for the National Bank of Kuwait S.A.K.P.’s (“NBK”) KWD 125 million, 10NC5, Subordinated Tier 2, Basel III — Compliant Bonds. NBK Capital and KAMCO’s joint press release revealed the …

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Kuwait stocks ebb 23.23 pts lower to close at 5,729.52 pts – Telecommunications sector ends 11.17 points higher

KUWAIT CITY, Dec 9: Kuwait stocks ebbed 23.23 points lower to close at 5,729.52 points in the red, continuing in decline with a 0.4 percent decrease and a 12.34 percent drop year to date with most sectors closing below the line. The weighted index eased down to 388.96 points. The …

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Tax rise on firms eyed; subsidy ‘rationalization’ – Deficit projected at KD 8.18bn

KUWAIT CITY, Dec 8, (Agencies): Kuwait may raise the corporate tax rate to 10 percent for local firms and impose limits on energy subsidies, the commerce minister told a local newspaper on Tuesday, part of a broad move to introduce fiscal reforms amid pressure from low oil prices. Corporate taxes, …

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Gulf Bank wins three prestigious awards – Bank named ‘Best Customer Service’, ‘Best Car Loan’, ‘Best Cash Management’

KUWAIT CITY, Dec 8: Gulf Bank announced today that it has been honored with the ‘Best Customer Service (Retail)’, ‘Best Car Loan’, and ‘Best Cash Management’ awards from Banker Middle East Kuwait Product Awards 2015. The Bank received the awards from Robin Amlot, Chief Executive Officer of CPI Financial, at …

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Kuwait stocks end 30.94 pts lower on lackluster trading – Most sectors close in red terrain

KUWAIT CITY, Dec 8: Kuwait stocks continued the downswing Tuesday, slipping 30.94 points to 5,752.75 shares on lackluster trading as profit taking weighed on select counters after last week’s gains. The heavyweights closed mostly lower even as the board remained broadly mixed. The KSX15 gauge slid 0.41 points to 925.22 …

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Kuwait ranked 1st in attracting GCC banks

RIYADH, Dec 8, (KUNA): Kuwait ranked first in attracting branches of Gulf commercial banks with eight branches, followed by the UAE and Saudi Arabia, with six branches each, three branches in Bahrain and two branches in Oman and Qatar. The General Secretariat of the Gulf Cooperation Council said in a …

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Cheaper oil hammers producers – Buoys consumers

DALLAS, Dec 8, (AP): Oil prices have been lower for longer than expected. Now, with OPEC’s decision to keep pumping at current levels, analysts expect oil to remain relatively cheap well into 2016 and maybe longer. That, of course, is good news for consumers and fuel-guzzling industries like airlines, but …

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Kuwait shares decline 8.2 pts to 5,783.69 pts – HumanSoft topmost gainer

KUWAIT CITY, Dec 7: Kuwait stocks slipped Monday finishing on a negative note. The bourse fell 8.2 points to 5,783.69 points mainly on subdued buying in select counters. Most market sector indices recorded negative changes, except the industrial sector which rose 6.17 points to close at KD 1,084.42 million. The …

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Gulf countries agree on key issues for implementing VAT – Health, education, social services, some food among exclusions

ABU DHABI, Dec 7, (RTRS): Gulf states have agreed on key issues for implementing value-added tax in the region, an official from the United Arab Emirates finance ministry said on Monday, moving the six nations closer to introducing direct taxation for the first time. The agreement was reached at a …

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