Friday , October 20 2017

Business

KFH inaugurates its new branch in Al-Nuzha – Capital governor praises bank’s efforts in offering best financial services

KUWAIT CITY, May 13: Capital Governor Lt Gen Thabet Al-Muhanna praised the significant role of Kuwait Finance House “KFH” in supporting and developing the national economy along with the distinctive banking and financial services offered to customers. Al-Muhanna added during his participation in cutting the ribbon of opening KFH’s branch …

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Stable crude oil price is now harming OPEC – Shale taking advantage of situation

The dip in oil prices to below $49 per barrel last Friday should not go unnoticed. Some real challenging questions were raised concerning the reason behind this sudden dip; whether the increase in shale oil production is the main factor along with increase in the number of oil rigs in …

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World’s tallest building delayed to 2019 – Drop in oil revenues hits project works in Saudi

JEDDAH, Saudi Arabia, May 13, (AFP): The completion date for the world’s tallest tower has been pushed back to 2019, a Saudi Arabian billionaire said, almost six years after launching the record-breaking project. Jeddah Tower is to rise more than a kilometre (almost 3,300 feet), placing it above Dubai’s Burj …

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EQUATE supports GPCA Supply Chain Conference – Focus on innovation and efficiency in changing global needs

KUWAIT CITY, May 11: EQUATE Petrochemical Company, a global producer of petrochemicals, sponsored the Gulf Petrochemicals & Chemicals Association (GPCA) Supply Chain Conference for the ninth year in-a-row as part of the company’s commitment to create a platform of knowledge exchange with manufacturing bodies, service providers, academic institutions and other …

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ABK takes home ‘Bank of the Year’ award – Group demonstrates strength across the region

KUWAIT CITY, May 10: Al Ahli Bank of Kuwait (ABK) was named ‘Bank of the Year’ by Arabian Business Magazine, highlighting the Bank’s series of milestones and achievements that have been recorded throughout the past year. Fawzy Al Thunayan – General Manager Board Affairs,   received the award on behalf of …

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KAMCO shareholders approve 5% cash dividend – Company holds AGM and annual Shafafiyah Investors Forum

KUWAIT CITY, May 10: KAMCO Investment Company K.S.C. (Public), a leading investment company with one of the largest assets under management (AUM) in the region, held its annual general meeting (AGM) for the year ending Dec 31, 2016 and its annual Shafafiyah Investors Forum today at the Chairman’s Club in …

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Agility Q1 net profit rises 11% to KD 14.6 mln – Company reports EBITDA of KD 30.8 mln, up 17.4% y/y

KUWAIT CITY, May 10: Agility, a leading global logistics provider, today reported earnings of 12.7 fils per share on net profit of KD 14.6 million, an increase of 11.4% over the same period in 2016. Agility reported EBITDA of KD 30.8 million, a 17.4% increase, along with revenue of KD …

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Financial experts ‘urge’ fiscal reforms in Kuwait, Arab world – MENA and GCC under-spend on infrastructure: Le Borgne

KUWAIT CITY, May 9: The IMF Middle East Center for Economics and Finance and the Arab Fund for Economic and Social Development held a symposium on the topic of fiscal reforms in Kuwait and the Arab world with the key aim of identifying the core ingredients of successful fiscal reform …

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Toyota, KFH open new leasing office – Al-Sayer’s strategic initiative to better engage with customers

KUWAIT CITY, May 9: Mohamed Naser Al-Sayer and Sons (MNSS), one of the Al-Sayer Group Holding Companies in cooperation with Kuwait Finance House “Baitak” opened a special office, at MNSS showroom in Al Rai on the 4th ring road, to provide customers with renting and maintenance services for Toyota vehicles. …

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India finding it hard to end love affair with cash – ‘You can never remove cash from our system’

NEW DELHI, May 9, (AFP): Fat wads of bank notes move across counters in Old Delhi’s gold and diamond district in one of many challenges to six months of Indian government efforts to suffocate the black market. Cash has been king in the musty narrow streets of Chandni Chowk since …

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