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Business

Al Habtoor Group buys Hilton London Wembley – Further expansion eyed

DUBAI, UAE, Feb 1: Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group said today that he has purchased the Hilton London Wembley in a move …

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Warba Bank honors employees for their performances in 2015 – Ceremony attended by bank’s management

KUWAIT CITY, Feb 1: Having as its fundamental principle and conviction that the workforce is part and parcel of the Bank’s success and high achievement, …

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Al-Dawli sponsors 2016 Al-Sidra activities – Program offers psychological care for cancer patients and their relatives

KUWAIT CITY, Feb 1: Kuwait International Bank announced its sponsorship of the activities and initiatives of Al-Sidra Association for Psychological Care of Cancer Patients that …

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Kuwait edges lower; snaps 3-day rebound – Americana soars 100 fils; NBK slips

KUWAIT CITY, Feb 1: Kuwait stocks pulled slightly lower on Monday, snapping the three-day rebound. The bourse eased 7.37 pts in volatile trade to 5197.15 …

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Jazeera Airways eyes long-haul venture as ‘Plan B’ – Preferred option is to buy stake in Kuwait Airways

DUBAI, Jan 31, (RTRS): Kuwaiti low-cost carrier Jazeera Airways could set up a long-haul service with a foreign partner as an alternative to buying a …

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Kuwait’s sovereign ratings affirmed by CI – Outlook remains stable

KUWAIT CITY, Jan 31: Capital Intelligence (CI) today announced that it has affirmed Kuwait’s Long-Term Foreign Currency and Local Currency Ratings of ‘AA-’, and its …

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Al Mulla Exchange opens its 67th branch in Kuwait

KUWAIT CITY, Jan 31: Al Mulla Exchange, Kuwait’s leading exchange company, opened its 67th branch in Kuwait on 27th January 2016, adding to its wide …

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Kuwait bourse ends January in red zone – Average turnover jumps 28.34 pct from last month

KUWAIT CITY, Jan 31: Kuwait Stock Exchange (KSE) ended January in the red zone. The Price Index closed at 5,114.52 points, down by 8.92% compared …

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CBK records net profit of KD 46.2mn for 2015 – Board recommends 13% cash dividend, 6% bonus shares

KUWAIT CITY, Jan 30: Commercial Bank of Kuwait announced an operating profit of KD 99 million (before provisions and taxes) for the year 2015. The …

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As prices hit rock-bottom, time for producers to talk – Oil may reach $40 on output cuts

Every oil producer is hurt without exception, as the oil prices have hit rock-bottom. It is time to discuss about allotting at least the lowest …

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