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Thursday , November 15 2018


NBK opens new branch at KOC Head Office – New outlet to provide company employees with full services

KUWAIT CITY, Dec 6: National Bank of Kuwait (NBK) opened a new branch at Kuwait Oil Company (KOC) Head Office on Sunday to provide its employees with full services. The opening of the new branch comes in tandem with NBK’s long term relationship with KOC and all national oil companies. …

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NBK named ‘Bank of the Year in Kuwait’ – Lender honored by ‘The Banker’ at an awarding ceremony in London

KUWAIT CITY, Dec 5: National Bank of Kuwait (NBK) has been named “The Bank of the Year in Kuwait 2015 by the leading and internationally renowned Financial Times magazine “The Banker”. The prestigious Banker award was presented to Fawzi Al Dajani, NBK London General Manager, on behalf of NBK, at …

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KFH launches new campaign on ‘Work and Construction Materials Financing’ – 12 months maturity of first installment

KUWAIT CITY, Dec 5: Kuwait Finance House KFH launched “Work and Construction Materials Financing Campaign” which provides all clients’ needs to build their dream house in a streamlined manner and outstanding services. This campaign stems from the bank’s keenness to grant clients special advantages and boost the market, especially the …

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Fitch affirms Kuwait’s rating at ‘AA+’ – Outlook stable; real GDP growth pegged at 0.8% in 2015

KUWAIT CITY, Dec 5, (KUNA): Fitch new sovereign credit rating for the State of Kuwait, 2015, stands at “AA+” level with a “stable outlook” for the country. Fitch Ratings, in a fresh report, has affirmed Kuwait’s long-term foreign and local currency Issuer Default Ratings (IDR) at ‘AA’. The outlooks are …

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Crude oil prices to remain low for long time to come – OPEC not responsible for weak prices

Regardless of the outcome of the OPEC meeting, the oil prices will remain low for a long time to come. However, there is no consensus concerning what cheap oil is and how it can be measured. Is it the lowest cost for producing one barrel of conventional oil, which is …

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China’s Xi cheers African leaders with $60b development aid pledge – Mugabe hails support; Zuma seeks help to process resources

JOHANNESBURG, Dec 4, (RTRS): Chinese President Xi Jinping told African leaders on Friday his country would pump $60 billion into development projects, cancel some debt and boost agriculture under a three-year plan that will extend Beijing’s influence in the continent. Xi also said China would not interfere in African countries’ …

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KSE market indices steady throughout week –

The KSE price index closed at 5,788.74 down 5.90 points as all the indices closed in negative. The KSX-15 closed at 939.12 down 4.44 points; while the Islamic Index MUDX fell by 0.14 percent to close at 577.63 during the week. The market sentiments have been negative as we witness …

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Russian import ban on fruits & veg may cut Turkey’s inflation – Traders see some impact of Russia sanctions

ISTANBUL, Dec 4, (RTRS): Russia’s import ban on Turkish fresh fruit and vegetables is likely to leave Turkey with a supply glut that could push down prices and, economists say, shave half a percentage point off the inflation rate. Moscow has approved a raft of sanctions in retaliation for Turkey’s …

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Khaled Al-Sabah attends CWC world LNG summit – Kuwait’s LNG imports to rise around 17 percent in 2015: KPC

ROME, Dec 4, (RTRS): Kuwait liquefied natural gas (LNG) imports are on track to rise around 17 percent to 3 million tonnes in 2015, boosted by the fuel’s increased competitiveness with gas oil, an executive from Kuwait Petroleum Corporation (KPC) said on Friday. The Gulf Arab state imported around 2.5 …

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Experts hold seminar on UK housing market, tax laws at KPMG Kuwait – British house price growth pegged at 22.8%, rental growth seen at 19.9% from 2016-2020

KUWAIT CITY, Dec 2: KPMG Safi Al-Mutawa & Partners and KPMG Advisory WLL, hosted a seminar delivered by JLL-UK , the professional services and investment management company, providing valuable insight into the UK property market and updates on its tax laws. Safi Al Mutawa, the Senior Partner of KPMG Safi …

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