Saturday , November 18 2017

Business

Companies scramble to beat deadline – ‘Hefty buying’

KUWAIT CITY, May 15, (KUNA): Boursa Kuwait brought down the curtain on Monday’s session in a bullish manner amid a series of financial statements’ revelations by the enlisted companies for Q1 2017, ahead of the disclosures’ deadline falling tomorrow (Tuesday). Hefty buying targeted small and medium chips, as some groups, …

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Alghanim Industries sponsors career fairs – Company engages with potential candidates at local universities

KUWAIT CITY, May 14: Alghanim Industries, one of the largest privately owned companies in the region was the Platinum sponsor of American University of Kuwait’s (AUK) career fair, and also sponsored the career fair at the American University of the Middle East (AUM). Representatives from the company were present at …

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KFH joins GBSA

KUWAIT CITY, May 14: Kuwait Finance House (KFH) has announced that it has joined as a member of The Gulf Bond and Sukuk Association (GBSA). KFH is the first and leading Sharia compliant bank in Kuwait and will be the first fully Islamic Financial institution in Kuwait to join GBSA …

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Kuwait index kicks off week on sluggish note – Americana gains 20 fils; Jazeera Airways drops

KUWAIT CITY, May 14: Kuwait stocks sagged on Sunday as it kicked off the week on sluggish note. The price index slipped 11.63 pts in volatile trade to 6658.84 pts tracking the weak regional peers. Some of the heavyweights shone even as the broader sentiment remained mixed. The KSX 15 …

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KFH inaugurates its new branch in Al-Nuzha – Capital governor praises bank’s efforts in offering best financial services

KUWAIT CITY, May 13: Capital Governor Lt Gen Thabet Al-Muhanna praised the significant role of Kuwait Finance House “KFH” in supporting and developing the national economy along with the distinctive banking and financial services offered to customers. Al-Muhanna added during his participation in cutting the ribbon of opening KFH’s branch …

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Stable crude oil price is now harming OPEC – Shale taking advantage of situation

The dip in oil prices to below $49 per barrel last Friday should not go unnoticed. Some real challenging questions were raised concerning the reason behind this sudden dip; whether the increase in shale oil production is the main factor along with increase in the number of oil rigs in …

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World’s tallest building delayed to 2019 – Drop in oil revenues hits project works in Saudi

JEDDAH, Saudi Arabia, May 13, (AFP): The completion date for the world’s tallest tower has been pushed back to 2019, a Saudi Arabian billionaire said, almost six years after launching the record-breaking project. Jeddah Tower is to rise more than a kilometre (almost 3,300 feet), placing it above Dubai’s Burj …

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EQUATE supports GPCA Supply Chain Conference – Focus on innovation and efficiency in changing global needs

KUWAIT CITY, May 11: EQUATE Petrochemical Company, a global producer of petrochemicals, sponsored the Gulf Petrochemicals & Chemicals Association (GPCA) Supply Chain Conference for the ninth year in-a-row as part of the company’s commitment to create a platform of knowledge exchange with manufacturing bodies, service providers, academic institutions and other …

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ABK takes home ‘Bank of the Year’ award – Group demonstrates strength across the region

KUWAIT CITY, May 10: Al Ahli Bank of Kuwait (ABK) was named ‘Bank of the Year’ by Arabian Business Magazine, highlighting the Bank’s series of milestones and achievements that have been recorded throughout the past year. Fawzy Al Thunayan – General Manager Board Affairs,   received the award on behalf of …

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KAMCO shareholders approve 5% cash dividend – Company holds AGM and annual Shafafiyah Investors Forum

KUWAIT CITY, May 10: KAMCO Investment Company K.S.C. (Public), a leading investment company with one of the largest assets under management (AUM) in the region, held its annual general meeting (AGM) for the year ending Dec 31, 2016 and its annual Shafafiyah Investors Forum today at the Chairman’s Club in …

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