Thursday , September 20 2018

Business

KFH Capital says arranges $1 bln sukuk issue for DIB – Issuance growth projected in Q1: Al-Haddad

KUWAIT CITY, Feb 4: Chief Investment Banking Officer of KFH Capital, investment arm of KFH Group (KFH), Abdullah Al-Haddad said that KFH Capital has succeeded in arranging the issuance of $1 billion sukuk for Dubai Islamic Bank. As one of the lead arranger, KFH arranged the sukuk issuance of Dubai …

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Kuwait rating affirmed … Outlook stable

KUWAIT CITY, Feb 3, (KUNA): Standard & Poor’s (S&P) has affirmed its credit rating AA/A-1+ for the State of Kuwait with stable outlook. The world ratings agency said in a press release that the stable outlook reflects its expectation that Kuwait’s public and external balance sheets will remain strong over …

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Shale production is booming as oil prices rise – Will it lead to less conventional investments?

As long as the oil price is increasing to a level higher than $60 per barrel, shale oil producers will push for higher volume in order to earn more, satisfy their shareholders’ interests and objectives, and push for increased efficiency at all levels. On the other hand, conventional producers will …

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Apple overtakes Samsung

WASHINGTON, Feb 3, (AFP): Apple overtook Samsung in the fourth quarter as the largest smartphone producer in a declining global market for handsets, research firm IDC said Friday. A survey by IDC showed Apple — which reported its quarterly data Thursday — led all vendors with 77.3 million iPhones sold, …

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Mideast funds positive on Saudi, Kuwait – Most negative ratio for UAE stocks since July 2014

DUBAI, Jan 31, (RTRS): Middle East fund managers expect to pump more money into Saudi Arabian equities in coming months but they are on balance negative towards several other major Gulf bourses, a Reuters poll showed on Wednesday. The monthly poll of 13 leading regional fund managers, conducted in the …

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Global awarded ‘Best Kuwait Asset Manager’ by MENA Fund Manager – Firm wins ‘Best Saudi Equity Fund’ award

KUWAIT CITY, Jan 31: Global Investment House (Global), a regional Asset Management and Investment Banking firm headquartered in Kuwait with offices in major capital markets in the MENA region, was awarded “Best Asset Manager in Kuwait” and “Best Saudi Equity Fund” by the “MENA Fund Managers Performance Awards”. The awards …

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NUQAT – CONNECTING DOTS FOR AN ECOSYSTEM OF CREATIVITY … EXPLORATION KEY FEATURE

Nuqat, the foremost organization for creative education in Kuwait today, held a special edition forum at the Jaber Al Ahmad Cultural Center on Jan 24-25. The Human Capital Forum highlighted the importance of investing in the creative economy with talks and discussions panels that brought together academics, investors, policy makers …

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AUB celebrates official opening of its new branch in Bayan – Branch equipped with necessary facilities to accommodate special needs customers

KUWAIT CITY, Jan 30: Ahli United Bank (AUB) announced the official opening of its new branch in Bayan district. The event was patronized and attended by Hawalli’s governor, Sheikh Ahmad Nawaf Al Ahmad Al Sabah, in the presence of the Bank’s CEO, Richard Groves, General Manager of AUB’s Retail Banking, …

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Hackers steal more than $1m from ATMs across US: official

WASHINGTON, Jan 30, (RTRS): A coordinated group of hackers likely tied to international criminal syndicates has pilfered more than $1 million by hijacking ATM machines across the United States and forcing them to spit out bills like slot machines dispensing a jackpot, a senior US Secret Service official said on …

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Eurozone economy growth hits highest in decade – Britain falls behind European partners

BRUSSELS, Jan 30, (AFP): Growth in the eurozone shot up in 2017, putting Europe at the centre of a global recovery and on par with levels last seen before the financial crisis a decade ago, official data said Tuesday. Europe’s economic recovery roared on despite the uncertainty around Brexit, with …

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