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Wednesday , January 22 2020

Business

Al Tamimi closes $250mn sukuk for Boubyan – First transaction issued by Kuwaiti bank to enhance Tier 1 Capital

KUWAIT CITY, May 23: Al Tamimi & Company, the largest law firm in the Middle East, acted as legal counsel for Boubyan Bank K.S.C.P. (Bank), …

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Kuwait bourse edges lower in ‘tepid’ trade – NBK drops 10 fils; Americana gains

KUWAIT CITY, May 23: Kuwait stocks inched lower on Tuesday extending the losses to fourth straight session. The price index eased 2.53 pts to 5,314.5 …

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Khaled El Salawy appointed as Chief Executive for ABK-Egypt

KUWAIT CITY/CAIRO, May 23: Al Ahli Bank of Kuwait (ABK), announced today that Khaled El Salawy has officially been appointed as Chief Executive Officer for …

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Warba Bank concludes Ziraat Bank’s finance deal

KUWAIT CITY, May 23, (KUNA): Warba Bank announced on Monday that a Sharia-compliant finance deal, worth $155 million, was carried out in favor of Turkey’s …

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KIB organizes ‘Train the Trainers’ workshop for its staff – Event held in cooperation with IBS to elevate performance and efficiency of employees

KUWAIT CITY, May 22: Kuwait International Bank (KIB) organized a series of two-days workshops at its headquarters for its staff entitled “Training The Trainers”, in …

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Expert says oil ‘prices’ won’t top $100 a barrel – ‘Worst of the collapse is over’

NEW YORK, May 22, (AP): Following a stunning decline, oil prices have clawed back near the $50 level this year. Production boomed in the US …

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Kuwait index retreats slightly as volume dips – Wataniya Telecom slides 40 fils; KFH gains

KUWAIT CITY, May 22: Kuwait stocks sagged on Sunday extending the previous week’s downtrend. The bourse pared back steeper early losses to close 7.02 pts …

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First Bahrain holds its AGM – Company posts $1.1 mn net profit for 2015

KUWAIT CITY, May 22: First Bahrain Real Estate Development Company today held its Annual General Meeting (AGM) for the year ended Dec 31, 2015, in …

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G7 warns over global economy as currency policy row flares – Japan fails to gain consent for joint fiscal action

SENDAI, Japan, May 21, (AFP): G7 finance ministers on Saturday voiced concern about the sputtering global economy as they looked for a plan to stoke …

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Oil prices hardening, could rise to $60 before year-end – Shale oil: The balancing factor

The fact that oil prices are hovering around $50 per barrel because of reduced production rate is causing the price per barrel to harden. The …

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