Friday , October 20 2017

Business

Kuwait Airways celebrates National and Liberation Days – ‘Kathma’ adds patriotic imagery to the new livery’

KUWAIT CITY, Feb 22: No strangers to bearing a new livery, one of the new Boeing 777-300ER aircraft recently added to Kuwait Airways’ fleet will see an additional change this month, with a bespoke design added to the body of the aircraft — in celebration of Kuwait’s National and Liberation …

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Al Tijaria official opens ‘The Lobby’ project at Symphony Style Mall – Company seeks to support small Kuwaiti businesses

KUWAIT CITY, Feb 22: The Commercial Real Estate Company and on behalf of its Chairman Abdulfattah M.R. Marafie officially opened its unique Lobby project to support small business youth on Feb 20, in the presence of the company’s representatives, business owners and tenants of The Lobby at Symphony Style Mall. …

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‘Enter company, buy and leave with your vehicle’ – ‘Toyota’ introduces instant plate distribution

KUWAIT CITY, Feb 22: Al-Sayer Group, Kuwait’s exclusive Toyota dealership in collaboration with the Ministry of Interior, inaugurated Wednesday morning, their new instant licence plate distribution centre located at the Al-Rai Toyota Dealership, making the process and time required to receive your brand-new car, even shorter. During his speech, Brigadier …

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Hungary win Kuwait National Day Festival Fencing Champ’ship

The Hungarian National Team have emerged champions in the Third International Kuwait National Day Festival Fencing Championship, which was held recently under the auspices of Director General of the Public Authority for Sports Sheikh Ahmad Al-Mansour, who was represented at the event by the Deputy Director General for Sports at …

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Ooredoo 2016 net profit soars 75% to KD 46.7mn – Group’s total customer base increases by 6% to 25 million; dividend of 85 fils recommended

KUWAIT CITY, Feb 20: National Mobile Telecommunications Company K.S.C.P — Ticker: NMTC (Ooredoo), a member of Ooredoo Group, announced today its financial results for the year 2016: Financial Highlights: * Total customer base increased by 6% to 25.2 million in 2016, compared to 23.8 million in 2015. * Revenues for …

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NBK Capital global coordinator, joint arranger in EQUATE issue – Issuance receives strong support from local market with interest from govt and financial institutions

KUWAIT CITY, Feb 21: Watani Investment Co K.S.C.C. (“NBK Capital”) acted as Global Coordinator and Joint Arranger in the establishment of Equate Sukuk SPC Limited’s (“EQUATE SPC”) US$ 2.0 billion Trust Certificate (“Sukuk”) Issuance Programme and its debut US$500 million 7-year Sukuk offering, maturing in February 2024. EQUATE SPC is …

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Kuwait bourse extends losses; volume recedes – Zain drops 15 fils; KIPCO flat

KUWAIT CITY, Feb 20: Kuwait stocks edged lower on Monday extending last session’s losses. The price index fell 11.1 pts in volatile trade to 6,779.83 points even as the board remained broadly mixed. The banks were mostly subdued while telecom services providers swung into red. The KSX 15 benchmark dropped …

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Zain net profit up 2%, revenues at $3.6bn – Board proposes cash dividend of 35 fils/share

KUWAIT CITY, Feb 19: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the year 2016, and fourth quarter ended Dec 31, 2016. Zain served 47 million customers at the end of 2016, reflecting a 3% increase …

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Kuwait expected to spend $115bn on energy projects over next 5 yrs – Middle East to spend $294bn on oil and gas projects

DUBAI, Feb 19: Oil producers across the Middle East and North Africa (MENA) region are continuing to spend heavily on oil, gas and petrochemicals production capacity despite the fall in oil prices since 2014. New research from Middle East business intelligence service MEED shows that despite lower crude prices, the …

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Victory Arch Group holds first-of-its-kind confab – ‘Technological Development to Achieve Excellence’

KUWAIT CITY, Feb 19: Victory Arch Group Kuwait held its first IT conference titled “Technological Development to Achieve Excellence” specifically for the cooperative society sector in Kuwait. Representatives from Ministry of Social Affairs and Labor, some major international companies in retail business such as Zebra Technologies and Epson, and cooperative …

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