Wednesday , February 21 2018

Business

Kuwait market extends gains in ‘volatile’ trade – Humansoft Holding soars 156 fils; NBK slips

KUWAIT CITY, Sept 13: Kuwait stocks pulled higher on Wednesday as it extended the gains to second consecutive session. The main index climbed 18.94 pts in volatile trade to 6,924.92 points paced by speculative buying in select counters . The banks mostly sagged whereas other blue chips closed mixed. The …

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ALAFCO successfully closes syndicated Murabaha facility

Kuwait-based ALAFCO Aviation Lease and Finance Company is pleased to announce that it has successfully closed an agreement for a three-year syndicated Murabaha facility for US$ 300 million. The transaction has been advised by KFH Capital Investment Company with participation from Kuwait based Warba Bank K.S.C.P, Boubyan Bank K.S.C.P, Kuwait …

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Kuwait index slips into red amid profit taking – KFH dips 7 fils; Zain gains

KUWAIT CITY, Sep 12: Kuwait stocks headed south on Tuesday after closing flat in the last session. The main index dipped 21.05 pts in choppy trade to 6,905.98 points as investors locked profits across the sectors. The blue chips however remained mixed. The KSX 15 measure fell 4.54 points to …

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OPEC output falls, sees higher demand – Compliance slips

LONDON, Sept 12, (RTRS): OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices. In a monthly report, the Organization of …

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KAPP taps NBK Capital for Shamal Azzour Al-Oula IPO – First PPP project to debut on Boursa Kuwait in Q1 2018

KUWAIT CITY, Sept 11: The Kuwait Authority for Partnership Projects (KAPP) today announced the appointment of an NBK Capital-led consortium as the advisor and offering manager for the distribution and transfer of shares in Shamal Azzour Al-Oula K.S.C, which are currently held by KAPP, to Kuwaiti citizens. Shamal Azzour Al-Oula …

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Banks need to modify their products, communication channels

KUWAIT CITY, Sept 11: Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre “Markaz”, recently released a report titled ‘Demographics & Kuwait Banking’, analysing the impact of evolving demographics on Kuwait Banking. The report stated that it is always a challenge to link a slow moving big factor like demographics …

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Kuwait market little changed; volume up – Americana vaults 150 fils; Humansoft Holding dips

KUWAIT CITY, Sept 11: Kuwait stocks trod water Monday following last session’s upswing. The price index inched 0.71 points higher to 6,927.03 pts as the market flipped between small gains and losses. Some of the heavyweights however witnessed strong buying interest. The KSX 15 gauge rose 1.95 pts to 1,025.03 …

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Global acquires two retail warehouses in UK – Deal raises total value of managed assets to $400 million

KUWAIT CITY, Sept 10: Acting on behalf of its clients, Global Investment House (Global), a regional Asset Management and Investment Banking firm headquartered in Kuwait with offices in major capital markets in the MENA region, has unconditionally contracted to acquire two institutional grade retail warehouses in the towns of Bury, …

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Kuwait index rebounds in volatile trade; volume up – NBK gains 21 fils; Americana dives

KUWAIT CITY, Sept 10: Kuwait stocks swung higher on Sunday as it opened the week on a buoyant note. The price index climbed 28.9 pts in volatile session to 6,926.32 points paced by strong buying in banking majors . The KSX 15 benchmark jumped 23.76 pts to hit the year’s …

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Euromoney Kuwait Conference 2017 ­— Forging the New Kuwait – Govt determined to set example to region with its package of economic and financial reforms

KUWAIT CITY, Sept 10: The New Kuwait package of economic and financial reform is a bold statement of intent from a government that is determined to set an example to the region. We’ve gathered together senior figures from both government and international and domestic finance to discuss how this plan …

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