Wednesday , October 17 2018

Business

Boursa Kuwait, CFA Institute to ‘launch’ Boursa Academy

KUWAIT CITY, Oct 2: Boursa Kuwait entered into a Memorandum of Understanding (MoU) with CFA Institute aiming to educate the public on the fundamentals of investing in the stock market. The content will be derived from the CFA Institute Investment Foundations programme and will be accessible via Boursa Academy online, …

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Kuwaiti market edges down in choppy trade

KAMCO slips 6 fils, NBK flat KUWAIT CITY, Oct 1: Kuwait stocks edged lower on Monday, extending last session’s slight losses. The All Shares Index fell 6.42 points in a lightly volatile session to 5121.62 pts even as the broader sentiment remained sluggish. The Premier Market dropped 14.43 points to …

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CBK issues KD 150m bonds, tawarruq

KUWAIT CITY, Oct 1, (KUNA): The Central Bank of Kuwait (CBK) announced Monday the most recent issues of CBK bonds and related tawarruq at a total value of KD 150 million (nearly $ 480 mln) for six months with rate of return at 2.875 percent. The CBK, on September 24, …

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KIB appoints Bukhamseen as new Vice-Chairman and CEO

Bank obtains approval from CBK KUWAIT CITY, Oct 1: KIB recently appointed Raed Jawad Bukhamseen as Vice-Chairman and Chief Executive Officer of the Bank, after obtaining the necessary approvals from the Central Bank of Kuwait (CBK). A longtime member of the KIB leadership team, Bukhamseen has served as Vice- Chairman …

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NBK only Kuwaiti bank among World’s 50 Safest Banks in 2018

Bank ranked 45th worldwide in Global Finance’s list KUWAIT CITY, Oct 1: National Bank of Kuwait (NBK) maintained its listing in The World’s 50 Safest Banks in 2018 list by Global Finance for the 13th consecutive time; topping international financial heavyweights. NBK is the only Kuwaiti bank in Global Finance’s …

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VIVA named ‘Leading Corporate for Investor Relations in Kuwait’

Third in the Middle East by MEIRA KUWAIT CITY, Sept 30: VIVA, Kuwait’s fastest-growing and most developed telecom operator, is pleased to announce that it has been recognized as “Leading Corporate for Investor Relations in Kuwait” and third in the Middle East, during the Annual Awards Gala held in Dubai …

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American Business Council back to business at full speed

ABCK Chairman sheds light on expansion plans for the business council KUWAIT CITY, Sept 30: Members of the American business community held a successful meeting to kick start a busy year at the Four Seasons Hotel Burj Al Shaya. Chairman of the Board for the American Business Council (ABCK), Oswaldo …

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Kuwait stocks wind up month in red territory

Humansoft Holding dips 50 fils; NBK gains KUWAIT CITY, Sep 30: Kuwait stocks slipped into red on Sunday after charting a mixed course in the previous week. The All Shares Index dropped 10.48 points in choppy session to 5,128.04 points weighed by Humansoft Holding and some of the mid-caps even …

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PAHW gets approval to set up investment firm

Authority denies rumors about subcontractor for Metla’a project KUWAIT CITY, Sept 29: State Minister for Housing and Services Affairs Jinan Boushehri confirmed the Public Authority for Housing Welfare (PAHW) has obtained approval from the Ministry of Commerce and Industry and Fatwa and Legislation Department to establish a company for investment …

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NBK holds seminar on Boursa Kuwait upgrade

Move likely to pave way for greater foreign participation in market: Dr Husayn KUWAIT CITY, Sept 29: Dr Husayn Shahrur, Managing Director of the MENA Asset Management Division at NBK Capital, today presented on Kuwait’s upgrade and subsequent inclusion to FTSE Russell’s emerging market index. His presentation focused on three …

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