Saturday , September 22 2018

Business

NBK awarded ‘Best Private Banking Service Overall in Kuwait’ – Euromoney’s Annual Survey for industry experts worldwide

KUWAIT CITY, March 11: National Bank of Kuwait (NBK) has been awarded the “Best Private Banking Services Overall for 2018” in Kuwait in Euromoney’s Annual Survey surpassing global banks in wealth management and private banking services. NBK topped the list of nominees, outmatching local & international banks in the field …

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Trade war with US will only bring disaster to global economy: China – Trump’s tariffs jeopardise jobs and prosperity: Germany

BEIJING, March 11, (RTRS): Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said on Sunday, as Beijing stepped up its criticism on proposed metals tariffs by Washington amid fears it could shatter global growth. After pressure from allies, …

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OPEC is struggling as it meets shale producers – Cartel walking on a tight rope

The oil organization has no choice but to find ways to communicate with its most vigorous competitor. USA shale producers are pumping oils as much as possible without any signs of slowing down and stopping their surge. They are now heading towards being the largest oil producers, aiming to surpass …

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NBK holds AGM and EGM for 2017 – AGM approves 30% cash dividend and 5% bonus shares

KUWAIT CITY, March 10: NBK’s Chairman Nasser Al-Sayer affirmed that “NBK Group has achieved strong performance across all business segments during the year 2017. The Group witnessed a remarkable increase in profitability while continuing to maintain its leading position in the domestic market through providing a comprehensive range of financial …

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KGL awarded US government contracts worth almost $2bln – Company looking forward to continuing to work with the US military: Khatib

KUWAIT CITY, March 10: Kuwait and Gulf Link Transport Company (KGL) announced that two of its subsidiaries have been awarded transportation and supply contracts with the US Army worth up to $2B (USD). One of its subsidiaries, KGL Transportation was awarded the US Army’s Heavy Lift 8 (HL8) transportation contract, …

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Central Bank of Kuwait asks Islamic banks to provide reports about shares, plots, houses

Reports to be sent within ten days KUWAIT CITY, March 8: The Central Bank of Kuwait has asked Islamic banks to provide it with reports about the shares, plots and residential houses, the ownership of which were transferred to the banks as debt settlements, reports Al-Rai daily quoting informed sources. …

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Oil market moves towards balance: Kuwait – KUFPEC planning to raise output to 150,000 bpd by 2020: CEO

KUWAIT CITY, March 7, (KUNA): Kuwait’s Oil Minister and Minister of Electricity and Water Bakheet Al-Rashidi said the oil market is moving at a steady pace towards balance and reducing supply surplus. In a statement by Kuwait Petroleum Corporation (KPC) to KUNA, Al-Rashidi said during his participation in a seminar …

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Saudis disappear from Forbes billionaires list – Bezos tops world’s rich list as Trump wealth sinks

PARIS, March 7, (AFP): Amazon chief Jeff Bezos is now the world’s richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine’s annual billionaires list published Tuesday. US President Donald Trump’s ranking on the list fell to 766th place …

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Kuwait investment forum highlights bountiful opportunities for investors – Arab nations urged to work together to fight terrorism

KUWAIT CITY, March 7, (KUNA): Kuwait’s investment forum showcases the bountiful opportunities that await investors from around the world, two national bodies said on Wednesday. The co-organizers of the His Highness the Amir-sponsored forum on March 20-21, Kuwait Chamber of Commerce and Industry (KCCI) and Kuwait Direct Investment Promotion Authority …

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Zain signs MoU with Huawei Technologies – Group vows to focus on digital transformation, talent development

BARCELONA, March 6: Zain, a leading telecommunications provider in the Middle East and Africa, vowed to further expand focus on digital transformation and talent development, through signing a memorandum of understanding (MoU) with Huawei Technologies. The signing took place during MWC 2018 in Barcelona in the presence of Zain Vice …

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