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Tuesday , November 13 2018


Mohammed Al Habtoor holds talks with Julius Baër execs

Mohammed Al Habtoor, Vice Chairman and CEO, Al Habtoor Group welcomed senior executives from Swiss Private Banking Group Julius Baër. The delegation included Daniel J. Sauter, Chairman of the Board of Directors; Remy Bersier, Head Southern Europe, Middle East and Africa and Member of the Executive Board; Daniel Savary, Global …

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Purest embodiment of our brand promise- Mercedes-Benz S-Class: Tech ahead of times

In the history of the automotive industry there are few vehicles that have made an impact quite like the Mercedes- Benz S-Class. Redefining luxury, advancing telematics and setting new benchmarks across all segments, the SClass extends the boundaries of technology on many levels. It is not just a technological spearhead …

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Kuwait stocks kickstart week with 11.85 pts gain – Kout Food Group top gainer

Kuwait City, Nov 29: Kuwait stocks pushed 11.85 points above the red line to close at 5806.49 points, starting the week 0.2% higher with mixed boards. The weighted index ebbed lower to 393.74 points. The KSE benchmark dipped 7 points down to stand at 936.53 points. The bourse marked a …

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Al Sayer announces winners of first raffle draw – ‘Biggest promotion ever’ on new Toyota models 

KUWAIT CITY, Nov 28: Mohamed Naser Al Sayer & Sons, the exclusive dealer for Toyota in Kuwait has announced winners of the first raffle draw from the “biggest promotion ever” on New Toyota models. The draw on Nov 11, 2015 was organized by Ministry of Commerce and Industry – for …

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Gulf Bank celebrates its 55th ‘anniversary’ – Proud to serve Kuwait 

KUWAIT CITY, Nov 28: Gulf Bank is happy to celebrate its 55th anniversary. On Nov 23, 1960, His Highness Abdullah Salem Al- Sabah, The Amir of Kuwait, signed Amiri Decree No. (44) recognizing Gulf Bank as a shareholding company. Days later, on Nov 27, 1961, the founding decree was published …

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No change in policy as OPEC meets in Vienna – ‘Silence is the outcome’

OPEC will be meeting in Vienna with “nothing much to be achieved”. Every oil minister will be telling himself, “When will the oil prices stop declining?” The low oil prices of $43- $45 per barrel were not part of our agenda last November. Unquestionably, OPEC never anticipated that its decision …

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Kuwait market returns to green zone

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,794.64 points, up by 1.21 percent from the week before closing, the Weighted Index increased by 0.96 percent after closing at 394.60 points, whereas the KSX-15 Index closed at 943.56 points up by 1.02 …

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Black Friday crowds thin after US stores open – Holiday shoppers get a head start on Thanksgiving

PITTSBURGH/CHICAGO, Nov 27, (Agencies): Crowds were thin at US stores and shopping malls in the early hours of Friday, initial spot checks showed, as shoppers responded to early Black Friday discounts with a mix of enthusiasm and caution. Many shoppers headed out to stores on Thanksgiving evening, a month before …

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Strong bank results offset by weakness in other sectors

KUWAIT CITY, Nov 27: The financial results for the first nine months of 2015 (9M-2015) of corporates listed on the Kuwait Stock Exchange (KSE) were disappointing. Strong performance by the banking sector was offset by weakness in the telecom and non-bank financial services sectors. The unimpressive results failed to provide …

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Moody’s affirms ABK A2/Prime-1 ratings – Outlook on all long-term ratings stable

KUWAIT CITY, Nov 27: Moody’s Investors Service, (“Moody’s”) has today affirmed all ratings on Al Ahli Bank of Kuwait K.S.C.P. (ABK), including the bank’s deposit ratings (A2/Prime-1), baseline credit assessment (BCA) and adjusted BCA (baa3), and counterparty risk assessment (A1(cr)/Prime-1(cr)). The outlook on all long-term ratings is stable. Today’s action …

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