Business

Investors re-price political risk in ME bond market; GCC yields up 15 to 50 bps – Bonds no longer supported by supply-demand imbalance

DUBAI/LONDON, Nov 15, (RTRS): A rise in Middle East bond yields following Saudi Arabia’s anti-corruption purge and turmoil in Lebanon signals a long-term re-pricing of regional debt caused by heightened political risk, investors believe. Funds started selling Middle East bonds early this month after Saudi Arabia detained dozens of senior …

Read More »

Kuwait stock index pulls higher; volume rebounds – Agility rallies 38 fils; Humansoft Holding dives

KUWAIT CITY, Nov 15: Kuwait stocks pulled higher on Wednesday tracking the firmness in regional market and oil prices. The bourse rallied 35.5 pts in volatile trade to 6,285.56 points led by renewed buying in banks and other blue chips even as profit booking weighed on some of the mid-caps. …

Read More »

Gulf Bank continues to drive operational risk reduction and efficiency – Fitch Learning delivers internal control training to senior executives

KUWAIT CITY, Nov 14: As part of its ongoing commitment mitigating and preventing operational risk, Gulf Bank concluded another session in its series of trainings for a wide cross section of senior management. The training session, entitled “Internal Control Enhancement: Management Responsibility, Culture, and Oversight” was conducted by Fitch Learning …

Read More »

Emirates believes Airbus can bow to demands on A380 programme

DUBAI, Nov 14, (RTRS): Emirates believes Airbus can meet demands from the Dubai government to guarantee development of the A380 jet programme, as it challenges the planemaker to see who will blink first in talks over a new $16 billion superjumbo plane order. “I am sure that if we get …

Read More »

Kuwait’s stocks tread water, volume shrinks – Americana rallies 20 pct; Ooredoo dips

KUWAIT CITY, Nov 14: Kuwait stocks trod water on Wednesday after see-sawing sharply earlier in the week. The price index pulled back from steep early trough to close 0.61 pts lower at 6,250.06 points. Most of the heavyweights eked modest gains while selling pressure hammered select counters. The KSX 15 …

Read More »

ABK enables contactless payments – Tap ‘n’ Go service launched with KNET

KUWAIT CITY, Nov 13: In an effort to make life simpler for its customers through a series of ongoing enhancements, Al Ahli Bank of Kuwait (ABK) today announced the launch of the Tap ‘n’ Go service with KNET. This technology uses Visa payWave to enable Prestige, Elite and VIP Debit …

Read More »

ALAFCO seals $2.2bn deal for 20 Boeing aircrafts – 737 Max fleet touted as ‘fastest-selling in history of Boeing’

DUBAI, Nov 13, (KUNA): Kuwait’s Aviation Lease and Finance Company (ALAFCO) has completed the purchase of 20 Boeing 737 Max aircrafts worth $2.2 billion. On the sidelines of the ongoing Dubai Airshow 2017 expo, ALAFCO’s deputy CEO Adel Al-Banwan and the executive vice-president of Boeing Kevin McAllister put their names …

Read More »

EQUATE celebrates 20th anniversary and inaugurates its new HQ – New headquarters qualifies to be certified in LEED program

KUWAIT CITY, Nov 13: Continuing its achievement-filled “Journey of Success”, the EQUATE Group, a global producer of petrochemicals, hosted a ceremony to celebrate its 20-year anniversary and the official inauguration of its new headquarters, which is located in Ahmadi, Kuwait. With the attendance of several dignitaries, the celebration was held …

Read More »

CBK policies helped banks in crisis after oil prices fall – ‘Mergers to create instability’

KUWAIT CITY, Nov 13: Several experts in economy affirmed that Kuwaiti banks escaped the major crises that hit the global financial system in previous years through the policy of Kuwait Central Bank, reports Al-Shahed daily. In this context, economist Maitham Al-Shakhs stated that the banking sector is the most secure …

Read More »

Dubai Air Show kicks off with Emirates’ $15.1 bln Boeing buy – Russian Helicopters sees rising Mideast demand on higher oil price

DUBAI, UAE, Nov 12, (Agencies): Long-haul carrier Emirates purchased 40 American-made Boeing 787-10 Dreamliners on Sunday at the start of the biennial Dubai Air Show, a $15.1 billion deal certain to please US President Donald Trump who has touted the plane’s sales as a job creator in America. The deal …

Read More »
Translate »