Friday , October 20 2017

Business

‘Burganers Development Program’ welcomes new batch – Burgan Bank’s training acts as comprehensive initiation of career in banking

KUWAIT CITY, April 25: Burgan Bank announced the start of its periodic staff training and development module: “Burganers Development Program”. The program, which caters to new batches of recruits, focuses on providing well-rounded training and professional preparation and acts as a comprehensive initiation of a career in banking. The program …

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KFH records KD 38.6 mln net profit for Q1 – Net finance revenues for first quarter reaches KD 100.1 mn; EPS 6.79 fils, up 13%

KUWAIT CITY, April 25: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that “KFH has, by the grace of Allah, realized a KD 38.6 million net profit for the first quarter of 2017 for KFH shareholders compared to KD 34.1 million for the same period last year i.e. …

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Boursa Kuwait marks first year of record achievements – Company aims to gradually develop the market to operate at world class standards: AlKhaled

KUWAIT CITY, April 25: Boursa Kuwait successfully concluded its first year since it assumed responsibility of Kuwait’s stock market, marking the start of a new era for the Kuwaiti exchange. During this time, Boursa Kuwait put forward a series of achievements in record time, solidifying its position in the market …

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Event under the patronage and presence of HH Prime Minister of Kuwait – Zain participates in Arab Media Forum inauguration

KUWAIT CITY, April 24: Zain, the leading telecommunications company in Kuwait, announced its participation in the inauguration ceremony of the 14th edition of the Arab Media Forum. The company is the Diamond sponsor of the event, which came under the patronage and attendance of HH the Prime Minister Sheikh Jaber …

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Ooredoo posts 27% rise in net profit for Q1 – Customer base up by 5 pct to reach 25 million

KUWAIT CITY, April 24: National Mobile Telecommunications Company K.S.C.P – Ticker: Ooredoo, a member of Ooredoo Group, announced on Tuesday its financial results for the quarter ended March 31, 2017: Financial Highlights: ■ Consolidated customer base increased by 5% to 25.4 million in Q1 2017, compared to 24.1 million for …

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Tax revenue to see rise as deal on VAT sealed – Retirees encouraged to start businesses

KUWAIT CITY, April 24: Funds of the Tax Department in the Ministry of Finance during Fiscal 2016/2017 exceeded KD 200 million, reports Al-Rai daily quoting an informed source. The source said the department collected KD 175 million as of November 2016, indicating this is a remarkable achievement because the amount …

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Boursa Kuwait holds first Investor Relations workshop – Event held in collaboration with MEIRA

KUWAIT CITY, April 23: Building on its recent partnership with the Middle East Investor Relations Association (MEIRA), Boursa Kuwait held its first Investor Relations (IR) workshop, catered to listed companies and brokerage firms, in collaboration with MEIRA and Zain Group. The workshop took place at the Boursa Kuwait premises, on …

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How bad corporate debts are holding back India’s growth – Banks and their clients are financially stretched

NEW DELHI, April 23, (AFP): The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon’s unpaid debts are just the tip of an iceberg that is already holding back the country’s economic growth. The multimillionaire owner of a Formula One team …

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AAW signs distribution deal with JYSK Group – Move to bring world renowned furniture and household products to Kuwait

KUWAIT CITY, April 23: Ali Abdulwahab Al Mutawa Commercial Co (AAW) announced today it has signed an exclusive distribution agreement with Scandinavian-based company JYSK Group to bring their world renowned furniture and household products to Kuwait. Under the terms of the agreement, AAW will launch the flagship store by the …

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Burgan Bank celebrates 40th anniversary at town-hall meeting – Employee event opens floor for interactive two-way dialogue to ensure engagement

KUWAIT CITY, April 22: Burgan Bank celebrated its annual employee town-hall gathering this year and highlighting four decades of continued success across the board. The annual corporate event which was held on April 19th, commended employees’ continued contributions towards the success of Burgan Bank which was, at its establishment in …

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