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Thursday , October 17 2019

Business

Kuwait Jazeera Airways says considering long-haul flights – Carrier hopes to synergize with KAC

DUBAI, Oct 14:  Jazeera Airways may launch long-haul flights if it’s not able to buy a controlling stake in Kuwait Airways, chief financial officer Donald …

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Cheap oil offers no respite for rising Saudi ‘interbank’ rates – Banks can cope with bond issues for at least another year

DUBAI, Oct 14, (RTRS): Saudi Arabian money rates have entered a long-term uptrend that may end only when oil prices recover, bankers say, as the …

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Weak US retail sales, inflation data cast doubt on Fed rate hike – Inventories flat

WASHINGTON, Oct 14, (RTRS): US retail sales barely rose in September and producer prices recorded their biggest decline in eight years, raising further doubts about …

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India named top investment destination in business survey – China ranked 2nd

NEW DELHI, Oct 14, (AFP): India has been named the most attractive country for investment in a survey of more than 500 global investors published …

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Toyota sets high environmental target – Automaker aims to eliminate gasoline cars by 2050

TOKYO, Oct 14, (AP): Toyota, under ambitious environmental targets, is aiming to sell hardly any regular gasoline vehicles by 2050, only hybrids and fuel cells, …

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Kuwait signs $13bn contract for new refinery

  KUWAIT CITY, Oct 13, (AFP): The Kuwait National Petroleum Company (KNPC) Tuesday signed contracts worth $13.2 billion (11.6 billion euros) with international firms to …

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NBK posts KD 227.9 mn net profit for 9M – Total assets up 9.4% y/y to KD 23.8 bn; shareholders equity rises 4.2% to KD 2.7 bn

KUWAIT CITY, Oct 13: National Bank of Kuwait (NBK) reported net profits of KD 227.9 million ($754.5 million) for the first nine months of 2015 …

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France and Saudi Arabia sign deals worth 10 bln euros: Valls – Agreements reinforce growing ties between the two countries

RIYADH, Oct 13, (AFP): France on Tuesday announced a series of deals worth 10 billion euros ($11.4 billion) with Saudi Arabia, reinforcing growing ties between …

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Boubyan Bank logs KD 25 mln 9M net profit – EPS clocks 12.2 fils; total assets rise 19% to KD 3 billion

KUWAIT CITY, Oct 13: Boubyan Bank witnessed an increase in its net profit by 24% during the first nine months of the  current year, amounting …

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Kuwait bourse closes week on a ‘dull’ note – Americana dips 40 fils; KIPCO flat

KUWAIT CITY, Oct 13: Kuwait stocks inched lower on Tuesday to end the holiday curtailed week on a tepid note. The bourse eased 2.81 points …

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