Monday , September 24 2018


Al- Fanar Mall in Salmiya sold for KD 75 million

KUWAIT: A huge real estate deal was concluded over the weekend when Al- Fanar Mall in Salmiya was sold for KD 75 million, reports Al-Anba daily. Sources privy to the deal disclosed the sale was done in two parts – first was the 30 percent payment in cash and the …

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KAMCO AGM gives nod to 5% cash dividend – Company holds Annual General Meeting for 2017 and Annual Shafafi yah Investor Forum 2018

KUWAIT CITY, March 25: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, held its Annual General Meeting (AGM) at the Chairman’s Club in KIPCO Tower. The meeting provided shareholders with direct information on the Company’s performance, and gave attendees the opportunity to …

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Cardholders eligible to up to 3% cashback on monthly spends – KFH launches Visa Signature credit card

KUWAIT CITY, March 25: Kuwait Finance House (KFH) has launched KFH Visa Signature credit card with enhanced benefits to customers as part of its efforts to continually expand its products and services to meet the modern lifestyle needs of its customers while offering them a wide array of rewards and …

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Citybus launches new fleet of Double Decker buses – Part of its commitment to upgrade and improve quality of transport in Kuwait

KUWAIT CITY, March 24: Citybus launches a new fleet of Double Decker buses as part of its commitment to upgrade and improve the quality of public transport in Kuwait. Nabil Al-Jeraisy, Vice-Chairman and CEO, stated that Citybus is committed to providing world class public transportation services to its customers in …

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KIB holds Annual General Meeting, approves distribution of 10 pct cash dividend for 2017 – Bank achieves positive results, strengthening its financial position despite many economic challenges: Al Jarrah

KUWAIT CITY, March 24: The 2017 Annual General Meeting (AGM) for Kuwait International Bank (KIB) was held on March 24th 2018, attended by 78.150 percent of shareholders approved the recommendation of the Bank’s Board of Directors to distribute cash dividends of 10 percent of the share nominal value (ie 10 …

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TEC participates in KIF 2018 – Al-Marzouq sheds light on role of tourism sector as magnet for investments

KUWAIT CITY, March 24: The Touristic Enterprises Company (TEC) recently took part in the second Kuwait Investment Forum (KIF 2018), which was co-organized by the Kuwait Direct Investment Promotion Authority (KDIPA) and the Kuwait Chamber of Commerce and Industry (KCCI), and held under the patronage of His Highness the Amir …

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Zain Group supports Kuwait Investment Forum 2018 – We will play significant role in development of infrastructure for Kuwait islands project and smart cities: Al-Kharafi

KUWAIT CITY, March 21: Zain, the leading telecommunications network in Kuwait supported the Kuwait Investment Forum 2018 (KIF 2018), that was held under the patronage and in the presence of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah at Bayan Palace and Jaber Al Ahmad Cultural Center (JACC), between …

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Al-Kharafi praises efforts of KCCI Chairman, KDIPA’s Director General

KUWAIT CITY, March 21: Al-Kharafi praised the efforts exerted by the Chairman of the Kuwait Chamber of Commerce and Industry (KCCI), Ali Thunayan Al-Ghanim, which enhances the role of the private sector in contributing to the achievement of the country’s development goals especially that the KCCI is very active and …

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Kuwait hikes discount rates – UAE raises rates

DUBAI, March 21, (RTRS): Kuwait’s central bank said on Wednesday it was raising its discount rate by 25 basis points to 3 percent. Its move followed the US Federal Reserve’s decision to hike rates by 25 bps. The United Arab Emirates central bank said on Wednesday that it was raising …

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KFAED signs $15 million loan deal with Republic of Burundi – Nyanza Lac Road Project to be financed

KUWAIT CITY, March 20: A loan agreement between Kuwait Fund for Arab Economic Development and the Republic of Burundi has been signed in Bujumbura whereby Kuwait Fund extends a loan in an amount of KD 4.411 million equivalent to about $15 million to participate in the financing of the Rumonge …

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