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Friday , November 16 2018


S&P upgrades Qantas rating from ‘junk’ status

SYDNEY, Nov 17, (AFP): Australian carrier Qantas on Tuesday got shot of its “junk” status when Standard & Poor’s lifted its rating from ‘BB+’ to the prized investment grade ‘BBB-’ as the airline bounces back from a tough few years. The upgrade of Qantas’ long-term corporate credit and issue rating …

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ATOCKON launches top car accessories showroom – One-stop-shop destination for finest brands

KUWAIT CITY, Nov 16: Car lovers and enthusiasts in Kuwait who are looking to further enhance the look of their favorite ride can now do so through Atockon’s newly opened one-stop-shop destination for all of the world’s finest car accessory brands. ‘Atockon’ is the sister company of ‘Apex Technology’ the …

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Al Habtoor holds talks with Gov of Virginia –

Khalaf Ahmad Al Habtoor, the Group Chairman held talks with Terence R. McAuliffe, the Governor of Virginia at the Al Habtoor Head Office on Al Wasl Road on Nov 16. They discussed the Chairman’s recent visit to the United States where he delivered a keynote speech at the 24th Annual Arab …

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KFH documentary credit volume up 23 pct – Letter of guarantees surges 79% at end of Q3

KUWAIT CITY, Nov 16: The volume of documentary credit and letter of guarantees transactions offered by the Trade Finance Department at Kuwait Finance House (KFH) increased by 23 percent and 79 percent respectively as of the end of the third quarter of the fiscal year 2015 over the same period …

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KIPCO announces Platinum Sponsorship of NUKS-USA Conference for fifth year

KIPCO – the Kuwait Projects Company – has announced its Platinum Sponsorship of the 32nd Conference of the National Union of Kuwaiti Students – USA Branch (NUKS-USA). The event, sponsored by KIPCO for the fifth consecutive year, will be held on November 25-28 in San Diego, California. This annual conference, …

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Ooredoo wins four top awards at CommsMEA – Middle East Mobile Operator of the Year

KUWAIT CITY, Nov 15: Ooredoo enjoyed incredible success at the CommsMEAAwards in Dubai last week, winning a total of four top prizes, including the highest honour, “Overall Operator of the Year” for Ooredoo Group, and a new category, the “Network Optimization Award” for Ooredoo Qatar’s inspiring initiative to enhance the …

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Al Habtoor meets ex-Lehman Brothers head – Cowen Group delegation visits UAE

DUBAI, UAE, Nov 15: Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group welcomed Peter Cohen, Chairman and CEO of Cowen Group to his office on Al Wasl Road on Sunday Nov 15, 2015. Cowen Group is a diversified financial services firm that provides alternative investment management and investment …

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KSE tumbles 66.3 pts as oil extends slide – Humansoft Holding sheds 30 fils; Kout Food soars

KUWAIT CITY, Nov 15: Kuwait stocks pulled sharply lower on Sunday after charting a mixed course in the previous week. The bourse slid 66.3 pts to 5,700.07 points as further weakness in oil prices dented the sentiment. The banks led the day’s decline and most of the heavyweights followed suit. …

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Kuwaiti analyst ‘expects’ oil price at $50-60 in 2016 – Crude prices under pressure

KUWAIT CITY, Nov 15, (Agencies): Price of Brent Crude, a major benchmark, in 2016 is expected to range between $50 and $60 per barrel (pb), a leading analyst has said. The OPEC meeting slated for Dec 4 will look into various issues and forecasts, to be considered when making new …

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Warba Bank sponsors Al Masar Real-Estate Exhibition – Bank showcases its products and services at event 

KUWAIT CITY, Nov 14: Warba Bank participated in Al Masar Real- Estate Exhibition as an official sponsor. The event took place in Jumeriah Messilah Beach Hotel from 2nd to 4th November 2015 showcasing the most prominent residential, commercial real-estate projects and the investment opportunities in this industry in Kuwait, the …

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