Business

Kuwait’s money supply in May rises by 0.5 pct – Private sector deposits rise

KUWAIT CITY, July 13, (Agencies): The Central Bank of Kuwait (CBK) on Thursday said that money supply (M2) in May was KD 36.5 billion (about USD 120 billion) up by 0.5 percent compared to April. The CBK’s economic research department added in statistical data obtained by KUNA that the private …

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Kuwait oil up, OPEC stable

The price of Kuwaiti oil was up by USD 1.38 to USD 45.08 per barrel Wednesday after being at USD 43.07 the day before, said the Kuwait Petroleum Corporation (KPC) Thursday. Globally, the price was up after US data showed a sharp decline in local crude and fuel supplies. vThe …

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KAC signs deals with ministries to train student pilots, engineers – Airways committed to develop aviation industry

KUWAIT CITY, July 12: Kuwait Airways, the official national airline of the State of Kuwait, has today signed a protocol agreement with the Ministry of Higher Education, the Ministry of Economy, and the Ministry of Social Affairs and Labour, that will see the airline sponsor the training of 180 student …

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Warba Bank ‘signs’ financial deal with Turkey’s Ziraat Bank – Islamic banking sector growth eyed

KUWAIT CITY, July 12: Warba Bank, Kuwait’s best investment bank and corporate consultancy institution, announced the success of a Shari’ah-compliant, joint, multi-currency, financial deal of $ 236 million with the Ziraat Participation Bank of Turkey. In partnership with a range of other global and regional banks, Warba Bank acted as …

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Kuwait bourse extends gains in ‘choppy’ trade – Zain dials up 2 fils; Ooredoo dips

KUWAIT CITY, July 12: Kuwait stocks pulled higher on Wednesday, extending the gains to seventh consecutive day. The bourse rose 15.9 pts in choppy trade to 6,794.52 points even as the broader market sentiment remained mixed. The heavyweights were largely muted. The KXS 15 gauge was unchanged at 923.22 pts …

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NBK posts KD 164.7m net profit for H1 2017 – Bank’s total assets grow by 5.8 pct to KD 25.5bln

KUWAIT CITY, July 11: National Bank of Kuwait (NBK) reported net profits of KD 164.7 million ($543.5 million) for the period of 1H 2017 compared to KD 150.6 million ($497.1 million) for the same period in 2016. NBK’s profits during the 1H 2017 grew by 9.3 percent compared to the …

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Boubyan Bank posts KD 21.9m net profit in first half of 2017 – Result is a continuation of our journey of success: Al-Majed

KUWAIT CITY, July 11: Boubyan Bank has recorded a net profit growth of 16% in the First half of 2017. The bank’s net profits was KD 21.9 Million, with an earnings per share of 8.51 fils compared to 8.33 fils for the comparative period of 2016. Adel Abdul Wahab Al-Majed, …

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Kuwait gains in choppy session, volume swells – Americana climbs 18 fils; KAMCO slips

KUWAIT CITY, July 11: Kuwait stocks headed north on Tuesday as it continued its advance to sixth straight session . The price index climbed 30.08 points in choppy trade to 6,778.62 pts amid fresh buying in select counters. The telecoms shone while banking shares eked modest gains. The KSX 15 …

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Kuwait ekes modest gains, volume hits six-week high – Humansoft Holding jumps 64 fils; VIVA dips

KUWAIT CITY, July 10: Kuwait stocks rose further on Monday extending its winning streak to fifth consecutive session. The bourse climbed 24.97 pts in volatile trade to 6,784.54 pts helped by modest gains by banks and other  heavyweights. Some of the mid-caps too shone on speculative buying. The KSX 15 …

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Wataniya Airways to start flights today in new shape

First phase will head to 16 destinations KUWAIT CITY, July 10, (KUNA): Wataniya Airways, one of the three national carriers of Kuwait, resumes its flights Tuesday in a new shape after preparations made over a year. The company’s first scheduled flight heads to Georgia’s capital, Tbilisi, and it operates three …

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