Friday , February 23 2018

Business

Kuwait bourse extends gains, volume ticks up – NBK rallies 5 fils; Zain slips

KUWAIT CITY, Aug 21: Kuwait stocks pulled higher on Monday extending its gains to fourth straight session. The price index rose 12.78 points in volatile session to 6,913.36 pts paced by banks and the some of the mid-caps. Other heavy weights however closed mixed. The KSX 15 climbed 8 pts …

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Apple under pressure as market slows – Market leaders seeking wow factor

SAN FRANCISCO, Aug 20, (AFP): As Apple and Samsung gear up to launch new flagship smartphones, the market leaders are seeking a wow factor that can help them fend off challenges from rising Chinese-based manufacturers. Apple is under particular pressure to dazzle as the culture-changing California iPhone maker looks for …

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Investing in New Kuwait: Challenges and opportunities – Euromoney Kuwait Conference to kick off Sept 26

KUWAIT CITY, Aug 20: Our ninth Euromoney Kuwait Conference will be held on Sept 26, 2017, in Kuwait City. Co-hosted by the Ministry of Finance, it will bring together issuers, investors and intermediaries to discuss the diverse opportunities, and challenges, the government’s New Kuwait initative is creating. Our line-up of …

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Kuwait index logs modest gains as volume rebounds – KFH climbs 7 fils; Americana slides

KUWAIT CITY, Aug 20: Kuwait stocks headed north on Sunday as it kicked off the week on a firm note. The price index rose 14.74 points in choppy trade to 6,900.58 pts helped by buying spurt in select counters. The overall sentiment however was mixed. The KSX 15 gauge fell …

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Isn’t it time to ‘bring back’ expats to our govt sectors? – Organizations need wider experience

Today all top officials and boards of government-owned organizations and companies are headed by Kuwaitis. Even the board members are Kuwaitis. This has been the situation since 1992 based on the “Kuwaitization” policy for replacing expatriates with citizens. As a result, our organizations do not seem to be running efficiently …

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Gulf project awards slump in H1 but expected to pick up – Contracts awarded in Kuwait drop 46% to $6.9 billion

DUBAI, Aug 19, (RTRS): Contracts awarded to build economic projects in the Gulf’s rich Arab oil exporting states slumped in the first half of this year but are expected to pick up in the second half, a data service tracking the industry said on Saturday. Awards in the six-nation Gulf …

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Boursa ends in green; market cap up 2.23%

Boursa Kuwait ended last week in the green zone. The Price Index closed at 6,885.84 points, up by 0.60% from the week before closing, the Weighted Index increased by 1.16% after closing at 424.83 points, whereas the KSX-15 Index closed at 967.76 points up by 0.75%. Furthermore, last week’s average …

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Saudi to restart Grand Mosque expansion – Work to resume after annual Hajj pilgrimage

DUBAI, Aug 17, (RTRS): Saudi Binladin Group will restart work next month on the $26.6 billion expansion of the Grand Mosque in Makkah, nearly two years after work stopped in the wake of a crane collapse at the site that killed 107 people, sources told Reuters on Thursday. Work will …

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New Egyptian investment law to allow cos to register within hours – Regulation to provide tax breaks, rebates, foreign currency guarantees

CAIRO, Aug 17, (RTRS): Egypt is hoping that long-awaited regulations approved on Thursday to its new investment code will draw in fresh and needed cash from abroad as the country pushes ahead with reforms. Investment Minister Sahar Nasr told Reuters in an interview that the law could now be active …

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Kuwait index winds up week on strong footing – Humansoft Holding jumps 50 fils; Americana dips

KUWAIT CITY, Aug 17: Kuwait stocks swung higher on Thursday to wind up the week on a strong footing. The price index climbed 31.72 pts in volatile session to 6,885.84 points helped by renewed buying across the sectors. The heavyweights however closed narrowly mixed. The KSX 15 gauge fell 0.86 …

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