Wednesday , January 24 2018

Business

Major cenbanks finally nudge their stances; impact rates, FX – Risk factors remain in background

KUWAIT CITY, July 15: Midyear, things are proceeding more or less as expected back in January. Economic growth is holding up well in most economies. Politics are not much of an impediment, though risk factors remain in the background and may be rising. Brexit negotiations are still a question mark, …

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Boursa Kuwait ends in green zone; volume surges – Market capitalization up by 1.83 pct to reach KD 26.72 bln

Boursa Kuwait ended last week in the green zone. The Price Index closed at 6,788.48 points, up by 1.62% from the week before closing, the Weighted Index increased by 1.87% after closing at 404.62 points, whereas the KSX-15 Index closed at 922.29 points up by 1.65%. Furthermore, the week’s average …

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Kuwait snaps gaining spree, volume retreats – Ooredoo dips 22 fils; Humansoft Holding gains

KUWAIT CITY, July 13: Kuwait stocks sagged on Thursday stemming the six-day winning streak. The bourse fell 6.04 pts to 6,788.48 points in volatile trade as profit taking dragged some of the shares lower. The overall mood was tepid as investors await more half yearly results. The KSX benchmark eased …

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Kuwait’s money supply in May rises by 0.5 pct – Private sector deposits rise

KUWAIT CITY, July 13, (Agencies): The Central Bank of Kuwait (CBK) on Thursday said that money supply (M2) in May was KD 36.5 billion (about USD 120 billion) up by 0.5 percent compared to April. The CBK’s economic research department added in statistical data obtained by KUNA that the private …

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Kuwait oil up, OPEC stable

The price of Kuwaiti oil was up by USD 1.38 to USD 45.08 per barrel Wednesday after being at USD 43.07 the day before, said the Kuwait Petroleum Corporation (KPC) Thursday. Globally, the price was up after US data showed a sharp decline in local crude and fuel supplies. vThe …

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KAC signs deals with ministries to train student pilots, engineers – Airways committed to develop aviation industry

KUWAIT CITY, July 12: Kuwait Airways, the official national airline of the State of Kuwait, has today signed a protocol agreement with the Ministry of Higher Education, the Ministry of Economy, and the Ministry of Social Affairs and Labour, that will see the airline sponsor the training of 180 student …

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Warba Bank ‘signs’ financial deal with Turkey’s Ziraat Bank – Islamic banking sector growth eyed

KUWAIT CITY, July 12: Warba Bank, Kuwait’s best investment bank and corporate consultancy institution, announced the success of a Shari’ah-compliant, joint, multi-currency, financial deal of $ 236 million with the Ziraat Participation Bank of Turkey. In partnership with a range of other global and regional banks, Warba Bank acted as …

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Kuwait bourse extends gains in ‘choppy’ trade – Zain dials up 2 fils; Ooredoo dips

KUWAIT CITY, July 12: Kuwait stocks pulled higher on Wednesday, extending the gains to seventh consecutive day. The bourse rose 15.9 pts in choppy trade to 6,794.52 points even as the broader market sentiment remained mixed. The heavyweights were largely muted. The KXS 15 gauge was unchanged at 923.22 pts …

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NBK posts KD 164.7m net profit for H1 2017 – Bank’s total assets grow by 5.8 pct to KD 25.5bln

KUWAIT CITY, July 11: National Bank of Kuwait (NBK) reported net profits of KD 164.7 million ($543.5 million) for the period of 1H 2017 compared to KD 150.6 million ($497.1 million) for the same period in 2016. NBK’s profits during the 1H 2017 grew by 9.3 percent compared to the …

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Boubyan Bank posts KD 21.9m net profit in first half of 2017 – Result is a continuation of our journey of success: Al-Majed

KUWAIT CITY, July 11: Boubyan Bank has recorded a net profit growth of 16% in the First half of 2017. The bank’s net profits was KD 21.9 Million, with an earnings per share of 8.51 fils compared to 8.33 fils for the comparative period of 2016. Adel Abdul Wahab Al-Majed, …

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