Tuesday , October 24 2017

Business

Russia and Saudi in solid accord on oil output cuts – Stabilizing market for long period top priority

The OPEC meeting to be held in Vienna next Thursday will be very quick; the members should be home the same evening. They basically will agree on extending the current crude-oil production cuts for another nine months, and they will leave Vienna soon after. The agreement reached last week between …

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Burgan Bank opens 2nd branch in Fahaheel – Bank honors commitment to Fahaheel residents

KUWAIT CITY, May 20: Burgan Bank announced today that it recently inaugurated its second branch in Fahaheel. The new location is conveniently positioned to ensure that customers residing in Fahaheel and surrounding areas gain easier access to conduct their financial transactions. The newly inaugurated branch expands the Bank’s network to …

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Global reports KD 5.0 mln revenues for Q1 – Company posts net profit of KD 2.1mn

KUWAIT CITY, May 18: Global Investment House(“Global” or the “Company”), a regional asset management and investment banking firm headquartered in Kuwait, with offices in major capital markets in the MENA region, today announced its financial results for the first quarter ended 31 March 2017 reporting a net profit of KWD2.1 …

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Kuwait minister stresses economic reforms in an era of low oil prices – Saudi hosts 42nd IDB annual meeting

JEDDAH, May 17, (KUNA): Saudi Arabia’s Finance Minister Mohammad Al-Jadaan inaugurated the 42nd annual meeting of Board of Governors of the Islamic Development Bank (IDB) to discuss development issues and institutional matters. The minister welcomed the program proposed by Chairman of the IDB Group Bandar Hajjar aiming to achieve a …

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Warba Bank is the ‘Fastest Growing Bank in Kuwait’ in 2017 – Lender named ‘Best Corporate Bank in Kuwait’ and ‘Best Investment Bank in Kuwait’ by Banker Middle East

KUWAIT CITY, May 17: For the third time in a row, Warba Bank, the fastest growing bank in the corporate and investment sectors, has been awarded the “Fastest Growing Bank in Kuwait’ award for 2017 by Banker Middle East magazine – one of the most credible magazines in banking rating. …

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Kuwait’s bourse winds up in green; volume recedes – NBK rallies 20 fils; Mabanee slips

KUWAIT CITY, May 17: Kuwait stocks pulled higher on Wednesday extending the gains to second straight session. The bourse, after a sluggish start, rose 6.77 pts to 6,732.07 points helped by uptick in some of the banks even as the broader sentiment remained mixed. The KSX benchmark climbed 8.71 pts …

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Kuwait Airways appoints Ebrahim Al-Khuzam new CEO

KUWAIT CITY, May 16: Kuwait Airways, the official national carrier of the State of Kuwait, has confirmed that Ebrahim Abdullah Al-Khuzam has been appointed as the airline’s new Chief Executive Officer. As one of the newly-appointed board members of Kuwait Airways, as announced on 4th April this year, Al-Khuzam assumed …

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EQUATE receives recognition from UN, Kuwait’s SCPD – Company honored for supporting Public Authority for Manpower

KUWAIT CITY, May 16: EQUATE Petrochemical Company, a global producer of petrochemicals, was recognized by the United Nations (UN) and Kuwait’s Secretariat General of the Supreme Council for Planning & Development (SCPD) in appreciation of the company’s support for the Public Authority for Manpower (PAM). EQUATE played a critical role …

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Kuwait stock index ends higher as volume ‘soars’ – Americana jumps 60 fils; Zain slips

KUWAIT CITY, May 16: Kuwait stocks eked modest gains on Tuesday, extending last session’s rebound. The price index rose 19.05 pts in choppy trade to 6,725.3 points even as the broader sentiment remained fickle on absence of strong drivers. The KSX 15 gauge fell 1.56 pts to 917.18 points trimming …

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ABK honored by the Banker Middle East – ‘Best Commercial Bank in Kuwait’ and ‘Best New Brand in Egypt’

KUWAIT CITY, May 15: Al Ahli Bank of Kuwait (ABK) proudly took home the ‘Best Commercial Bank in Kuwait’ award for the second consecutive year and ‘Best New Brand in Egypt’ award, presented by the Banker Middle East, in recognition of its outstanding performance on various fronts. The award for …

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