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Thursday , January 23 2020

Business

Al Ahli Bank records net profit of KD 29.2m – Customer-focused approach is bearing fruit: chairman

KUWAIT CITY, Oct 25: Al Ahli Bank of Kuwait (ABK) today announced a net profit of KD 29.2 million for the first nine months of …

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Kuwait index climbs 27.19 pts; volume up – NBK gains 10 fils; Ooredoo drops

KUWAIT CITY, Oct 25: Kuwait stocks headed north on Sunday after clocking modest gains in the previous week. The bourse climbed 27.19 points in a …

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Weak oil and strong dollar – a puzzling relationship – Widely used currency versus widely traded commodity in world

The relationship between oil price and dollar value is intriguing not only to the US and the oil-exporters, but to researchers and governments all over …

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Facebook hits all-time high amid tech euphoria

SAN FRANCISCO, Oct 24, (AFP): Facebook shares lifted Friday to an all-time high, crossing $100 for the first time, during a rally in the technology …

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ALAFCO records KD 16 mln net profit – Shareholders’ equity up 11% and EPS clocks 19.6 fils 

KUWAIT CITY, Oct 24: The Vice Chairman of the Board and Chief Executive Officer of Alafco Aviation Lease And Finance Company (ALAFCO), Ahmad A. Alzabin, …

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Iranian crude – another headache for oil market – Battle for mkt share to continue

While the oil industry is going down, the American shale oil industry is developing. To add to this problem, a big supplier of oil has …

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Kuwait awards $30bn projects by end of Q3 – New Al-Zour refinery expected to be completed in 45 months

KUWAIT CITY, Oct 24: The total value of projects awarded in Kuwait in 2015 climbed to KD 9 billion ($30 billion) by the end of …

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Amazon cheap Fire does a lot for $50 – Tablet surprises in many ways

NEW YORK, Oct 24, (AP): The thing to remember about Amazon’s new $50 Fire tablet is that it’s a $50 tablet. It’s not as light …

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Market chalks gains for all three indices

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,780.76 points, up by 0.86% from the week before …

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Kuwait’s crude oil exports to China hit record high – Oil minister lauds KPI expansion in Italy, European markets

TOKYO, Oct 23, (KUNA): Kuwait’s crude oil exports to China jumped 49.5 percent in September from a year earlier to record high of 1.75 million …

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