Sunday , October 22 2017

Business

Boursa remains bearish, sheds KD 170mn in value

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 6,767.04 points, down by 0.63% from the week before closing, the Weighted Index decreased by 0.61% after closing at 424.54 points, whereas the KSX-15 Index closed at 970.49 points down by 0.12%. Furthermore, last …

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Ooredoo named as one of world’s top 50 telecoms brands – Company’s brand value nearly quadrupled to more than $3bn in four years

DOHA, Feb 28: Ooredoo is the fastest-growing of any of the major telecoms brands in the region, rising in value 48 percent from 2016-2017 and featuring in the top 50 telecoms brands in the world, according to a new report by leading valuation and strategy consultancy Brand Finance. The news …

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Zain wins prestigious GSMA award – Group honored with ‘Outstanding Contribution to Mobile Industry Award’

BARCELONA, Feb 28: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its recognition as a winner of the GSMA’s “Outstanding Contribution to the Mobile Industry Award” for 2017. The award was presented to Zain Group and four other mobile operators Asiacell, …

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AlGhanim and AlMarzouq join Boursa Kuwait board – High qualified professionals

KUWAIT CITY, Feb, 28: Boursa Kuwait recently announced that two new board members have joined its board; Talal Fahad AlGhanim and Soliman Barrak AlMarzouq. The board now consists of eight highly qualified professionals. The Capital Markets Authority (CMA) assigned each of AlGhanim and AlMarzouq following the recent resignation of Issam …

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Al-Sayer honors team commitment to customer care – Best In The Business: Annual Employee Convention

KUWAIT CITY, Feb 27: Al-Sayer Group Holding, one of the leading conglomerates in the region recently held the Annual Employee Convention to honor outstanding customer service efforts for the year 2016 and honor distinguished “Best in the Business” teams across its non-trading and trading business units including Mohamed Naser Al-Sayer …

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NBK-Bahrain posts BHD 73.415mn net profit – Total assets rises 28 pct y/y to BHD 5.117 bln

KUWAIT CITY, Feb 27: National Bank of Kuwait-Bahrain (NBK Bahrain), the branch of NBK Group in Bahrain, reported net profits of BHD 73.415 million (KD 59.638 million) for the year 2016 compared with BHD 64.207 million (KD 52.158 million) in 2015, a growth of 14% year-on-year. As of end of …

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Kuwait bourse heads south; volume shrinks – Commercial Bank drops 25 fils; Zain gains

KUWAIT CITY, Feb 27: Kuwait stocks sagged on Monday as it kicked off the week after the national holidays. The price index, after a tame start, dropped 28.94 points to 6,780.84 pts amid a moderate round of profit taking led by some of the banking and financial shares. The overall …

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Saudi King launches investment drive in Asia – Kingdom seeks to bolster economy

RIYADH, Feb 26, (RTRS): Saudi Arabia’s King Salman started a month-long Asian tour on Sunday to build ties with the world’s fastest growing importers of Saudi oil and promote investment opportunities, including the sale of a stake in its giant state firm Saudi Aramco. The octogenarian monarch, who has overseen …

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Cry, The Beloved Country – Keep hospitals open for all

This is the title of a book written by Alan Paton that all high-school students in Kuwait were required to learn as part of their English subject in 1965 in order to pass and graduate. This famous book was published in 1948 and soon became an international bestseller. It is …

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