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Business

ECB to decide on fate of 500-euro banknotes – Argument in favour of keeping it less convincing

BERLIN, Feb 11, (AFP): The European Central Bank will take a decision soon on whether to keep printing 500-euro banknotes, with the arguments for doing …

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Total cuts investment amid oil price collapse

PARIS, Feb 11, (AFP): French oil company Total said Thursday it had cut its investment target this year as it steps up efforts to drastically …

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British lawmakers tell Google to come clean on tax – US demands EU reconsider tax probes of its companies

LONDON, Feb 11, (RTRS): UK lawmakers accused Google on Thursday of trying to fool Britons into believing it was a proponent of tax reform while …

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Zain posts revenues of KD 1.14 bln for 2015 – Group records KD 154 mln net income; BoD recommends cash dividend of 30 fils per share

KUWAIT CITY, Feb 10: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results …

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Kuwait bourse heads south as volume dips – Jazeera Airways drops 10 fils; KNCC soars

KUWAIT CITY, Feb 10: Kuwait stocks headed south on Wednesday extending the losses to second straight session. The key index dropped 15.93 points to 5,147.87 …

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ABK records KD 30.4 mn net profit for 2015 – Group’s total assets at year-end rise by 24.6% to KD 4.36 bln

KUWAIT CITY, Feb 10:  Al Ahli Bank of Kuwait (ABK) today announced Operating Profits of KD 87.3 million for 2015, up 5.8 percent from last …

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Warba Bank records 770% growth in net profit for 2015 – Lender consolidates its position in local market, expands operations in regional and international markets

KUWAIT CITY, Feb 10: Warba Bank, which is one of the fastest growing banks in Kuwai toffering the entire spectrum of world-class Sharia compliant banking …

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Oil prices, monetary policies, EMs pose challenges to GCC economies – Markaz holds presentation on ‘Top GCC Risks for 2016 & Beyond’

KUWAIT CITY, Feb 9: Kuwait Financial Centre “Markaz” has recently held a presentation on “Top GCC Risks for 2016 & Beyond” for its clients and …

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GIRI launches 4th Management Development Program –

KUWAIT CITY, Feb 9: Gulf Insurance and Re-Insurance, the subsidiary of Gulf Insurance Group the leading insurance service provider in Kuwait and Middle East is …

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KFH-Turkey issues capital-boosting $350 mln sukuk – KFH-Capital mandated to arrange the issue: Al-Marzouq

KUWAIT CITY, Feb 9: Kuwait Finance House Turkey (KFH-Turkey) issued Tier 2 capital-boosting sukuk worth USD 350 million to support its capital situation. The bank …

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