Wednesday , September 26 2018


Boubyan Bank logs KD 25 mln 9M net profit – EPS clocks 12.2 fils; total assets rise 19% to KD 3 billion

KUWAIT CITY, Oct 13: Boubyan Bank witnessed an increase in its net profit by 24% during the first nine months of the  current year, amounting to KD 25 Million compared to  KD 20 Million of the same period in  2014. The earning per share amounts to 12.2 fils compared with …

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Kuwait bourse closes week on a ‘dull’ note – Americana dips 40 fils; KIPCO flat

KUWAIT CITY, Oct 13: Kuwait stocks inched lower on Tuesday to end the holiday curtailed week on a tepid note. The bourse eased 2.81 points in choppy trade to 5,731.26 pts as profit taking weighed on select counters. The KSX 15 benchmark dipped 5.36 pts to 923.53 points taking the …

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Jazeera Airways ‘shareholders’ OK voluntary reduction of capital – Cash payouts in 2015 to total KD 52.7 million

KUWAIT CITY, Oct 12: In an Extraordinary General Meeting of shareholders, Jazeera Airways shareholders approved a board recommendation to reduce the company’s capital from KD 42 million to KD 20 million through a share buyback program to readjust the company’s capital to match the size of current operations after exiting …

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Burgan names winners of Yawmi account draw

Burgan Bank announced today the names of the lucky winners of its Yawmi account draw, each taking home a prize of KD 5,000. The lucky winners for the daily draws took home a cash-prize of KD 5,000 each, and they are: Fakhriah Ali Altorah; Abdulwahab Al-Wazzan; Nawal Mohamad; Emad Abdulrazzaq …

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KUFPEC plans to ‘expand’ its operations in Southeast Asia – Kuwait participates in geo-petroleum confab in Malaysia

KUALA LUMPUR, Oct 12, (KUNA): The Asian Conference-Exhibition for Geo-Petroleum Sciences 2015, hosted by the Malaysian oil company, Petronas, got underway here on Monday with participation of Kuwait Foreign Petroleum Exploration Company (KUFPEC). Tuan Zaid, in charge of KUFPEC’s geological sciences department in Southeast Asia, said in a statement to …

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Poverty expert Deaton wins Nobel Economics Prize – US-British economist’s work has helped transform modern microeconomics: Academy

STOCKHOLM, Oct 12, (AFP): US-British economist Angus Deaton won the Nobel Economics Prize on Monday for ground-breaking work using household surveys to show how consumers, particularly the poor, decide what to buy and how policymakers can help them. “By emphasising the links between individual consumption decisions and outcomes for the …

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Kuwait bourse climbs 5.69 pts in dull trade – Agility gains 30 fils; NBK flat

KUWAIT CITY, Oct 12: Kuwait stocks nudged higher on Monday extending the gains to second consecutive session. The price index added 5.69 pts in lackluster trade to close at 5,734.07 points even as board remained broadly mixed. The KSX 15 benchmark rose 1.83 points to 928.89 pts paring the month’s …

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Yellow metal glitters for India’s leaders – Gold Monetisation Scheme starting in Nov

NEW DELHI, Oct 11, (AFP): Caressing delicate bangles she hasn’t taken off since her wedding 11 years ago, Geetanjali Agarwal says she won’t hand over her gold to the government, as it wages a campaign to make the nation’s hoard of the precious metal more productive. “For a woman to …

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Iraq halts international bonds issue ‘plans’ due to high rate – Fresh blow to country’s efforts to finance itself

BAGHDAD/DUBAI, Oct 11, (RTRS): Iraq has halted its plan to issue international bonds because the yield it would have to pay on the debt was too high, Deputy Finance Minister Fathil Nabi said on Sunday in a fresh blow to the country’s efforts to finance itself. Finance minister Hoshiyar Zebari …

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Disabled benefits from Al-Shaya internship program

A group of 13 Kuwaiti students with disabilities have successfully completed a month-long Internship Programme in retail stores as part of an ongoing collaboration between retail franchise operator M.H. Al- Shaya Co and Kuwait’s Society for the Guardians of the Disabled (KSGD). The students worked part-time and received supervised training …

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