Sunday , October 22 2017

Business

Market continues recording weekly losses

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 6,711.16 points, down by 0.83% from the week before closing, the Weighted Index decreased by 0.42% after closing at 422.75 points, whereas the KSX-15 Index closed at 966.70 points down by 0.39%. Furthermore, last …

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NBK OKs 30% cash dividends, 5% bonus shares

KUWAIT CITY, March 11: Nasser Musaed Al-Sayer, Chairman of the National Bank of Kuwait said:” NBK has maintained its leadership position in the banking sector in 2016 through its strong performance and exceptional results, as the bank constituted 40 percent of the banking sector’s aggregate profits, positioning it to be …

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Warba partners with Al-Ghanem Auto for exclusive financing offer on Ford cars

Warba Bank — the best investment bank in Kuwait as well as the Best Corporate Advisoryrevealed its new partnership with AlGhanem Auto — the exclusive dealer for Ford cars in Kuwait. By the terms of this sponsorship, customers willing to own the brand new Ford have the opportunity today to …

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US labor force would shrink without new immigrants

WASHINGTON, March 9, (AP): America’s work force will only grow over the next two decades if new immigrants arrive to replace retiring Baby Boomers, a report from the Pew Research Center finds. In a report out Wednesday, Pew projects that the US working-age (25-64) population will grow from 173 million …

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SWIFT bans blacklisted N. Korean banks

HONG KONG/LONDON, March 9, (RTRS): Brussels based interbank messaging system SWIFT said it had cut off North Korean banks under UN sanctions, after Belgium said it would no longer give authorization for such transactions. The Belgian foreign ministry cited Pyongyang’s “intensifying provocations”, such as missile launches, as motivation for its …

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Kuwait stock indices edge lower – Market capitalization slips to KD 28.98 bln

The KSE Indices witnessed a negative week as indices decreased this week. The KSE price index closed at 6,711.16 an decrease of 0.83% down 55.88 points compared to the previous week. As the MUDX witnessed an decrease this week of 1.57% to close at 653.95 for the week. Furthermore, the …

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Jumbo Travel brings you Disneyland Paris’ 25th Anniversary celebrations with a dazzling array of new experiences every day.

KUWAIT CITY, March 9: Jumbo Travel in coordination with the Disneyland® Paris delegation conducted a road show on the 6th of March, 2017 at The Sheraton Hotel Kuwait for travel agents and media showcasing Disney’s 25th Anniversary celebrations along with the newest portfolio of attractions, shows and products this year. …

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OPEC has cut 40 pct more in Feb than pledged in oil deal: Kuwait

Saudi energy minister keeping close eye on US producers KUWAIT CITY/HOUSTON, March 8, (Agencies): Kuwait Oil Minister Essam Al-Marzouq said on Wednesday that OPEC’s compliance with an oil output cut reached last year stood at 140 percent in February, while non-OPEC members compliance was 50-60 percent. The Organization of the …

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Gulf Bank concludes Annual General Meeting

Bank records third consecutive year of double-digit growth in net profit and well placed to continue its progress: Alghanim KUWAIT CITY, March 8: Gulf Bank concluded its Annual General Meeting at the Jumeriah Messilah Hotel Kuwait yesterday. Shareholders approved the Bank’s audited financial statements for the year ended 31 December …

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Zain joins Amazon Web Services Partner Network

KUWAIT CITY, March 8: Zain Group, a leading mobile telecom innovator in eight countries across the Middle East and Africa, announces that through its fully owned global services subsidiary, Mada Communications, it has become the first telco group in the region to become an Amazon Web Services (AWS) Direct Connect …

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