Sunday , October 21 2018

Business

Kuwait bourse edges up in lackluster trade – Humansoft Holding gains 20 fils; NBK flat

KUWAIT CITY, Nov 3: Kuwait stocks pulled higher on Tuesday extending the advance to fourth consecutive session. The price index rose 9.45 pts in lackluster trade to 5,794.25 points helped by speculative buying in select counters. The banks remained mostly muted while other heavyweights closed mixed. The KSX 15 benchmark …

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Kuwait’s banking system stable: Moody’s – Sector supported by strong govt spending

LIMASSOL, Nov 3: Moody’s Investors Service has maintained its stable outlook on Kuwait’s banking system, reflecting the rating agency’s expectation of sustained government spending, which will continue to underpin banks’ financial fundamentals. The outlook expresses Moody’s expectation of how bank creditworthiness will evolve in this system over the next 12 …

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KIPCO may seek partners in $5bn real estate deal

KUWAIT CITY, Nov 3, (RTRS):  KIPCO is ready to fund construction of its planned $5 billion real estate project in Kuwait, but is open to bringing in partners to help speed up completion, its vice chairman said on Tuesday. Kuwait Projects Company would also achieve a 15 percent increase in …

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Nissan logs 325.6bn yen net income for H1 – Automaker sells 2.62 million vehicles globally during the period

KUWAIT CITY, Nov 2: Nissan Motor Co, Ltd today announced first-half fiscal year financial results for the six-month period ending Sept 30, 2015. Nissan reported sharply increased operating profit and solid revenue growth. Strong demand for new products in North America and Western Europe, combined with the benefits of continued …

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Kuwait oil production hits 2.8mn bpd in 2014/15

KUWAIT CITY, Nov 2, (KUNA): Kuwait’s crude oil production hit 2.8 million barrels per day (bpd) by the end of the fiscal year 2014-2015, less than the targeted 2.9 million bpd, the Kuwait Oil Company (KOC) said on Monday. In its recently-issued 2014-2015 annual report, the company noted that the …

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OPEC squabbles over oil price, maximizing revenue – report – Iran, Algeria say cartel should dust off quota system

VIENNA, Nov 2, (RTRS): Internal OPEC squabbles are on the rise as members argue about the need to support a fair oil price and boost revenues just as they feel more pain from low crude prices, an internal OPEC report seen by Reuters this week showed. A draft report of …

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Kuwait index nudges higher; volume rises – Americana soars 40 fils; Zain slips

KUWAIT CITY, Nov 2: Kuwait stocks nudged higher on Monday extending the gains to third straight session. The bourse rose 5.06 pts in slightly volatile trade to 5,784.8 points led by renewed buying in some of the large caps. The board was largely mixed even as banks remained largely subdued. …

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VIVA logs KD 32.8 mn net profit in 9-month – Total revenues rise 17 pct y/y to KD 204 million

KUWAIT CITY, Nov 1: VIVA, Kuwait’s fastest-growing and most developed telecom operator, announced its financial results for the nine-month period to Sept 30, 2015. The company delivered strong performance operational at all business levels with net profit of KD 32.8 million, an increase of 12 percent compared to the same …

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10 businesses qualify for KIPCO Tmkeen Award – Young entrepreneurs to be honored

KUWAIT CITY, Nov 1: Ten young entrepreneurs running media and technology businesses in Kuwait have qualified for the final judging round in the first ever KIPCO Tmkeen Award for Young Entrepreneurs. The award is a collaboration between the Youth Empowerment Organization and KIPCO – Kuwait Projects Company (Holding). Eligible applicants …

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Alghanim Industries hosts 2nd annual Harvard Business School admissions event – Information about MBA program provided to applicants

KUWAIT CITY, Nov 1: Alghanim Industries, one of the largest, privately owned companies in the Gulf region, hosted and sponsored their second annual MBA admissions event in coordination with Harvard Business School (HBS). The event took place at Jumeirah Messilah Beach hotel on Oct 21, 2015, and provided aspiring applicants …

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