Thursday , December 14 2017

Business

ASAR acts as Kuwait legal counsel on dual-tranche $8 bn issuance

Proceeds from issuance to be utilized for Kuwait’s expected funding needs for the fiscal year KUWAIT CITY, March 21: ASAR — Al Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier law firms, is pleased to have acted as Kuwait …

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Warba Bank lists its sukuk on Nasdaq Dubai

KUWAIT CITY, March 20: Shaheen Al-Ghanem, Chief Executive of Warba Bank, the best investment bank in Kuwait as well as the best corporate advisory, rang the market-opening bell to celebrate the listing on Nasdaq Dubai of a 250 million US dollar Perpetual Tier 1 Basel III compliant Capital Sukuk. Warba …

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Al Habtoor talks investment opportunities with Investcorp management

Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group met with Mohammed Bin Mahfoodh Alardhi, Executive Chairman, Investcorp. The meeting took place at the Al Habtoor Group head office. Also present was Investcorp’s Co-Chief Executive Officers, Mohammed Al-Shroogi and Rishi Kapoor. Present from the Al Habtoor Group was Mohammed Al …

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Boursa Kuwait partners with PACI to up security measures – The new service offers the latest Electronic Signature feature

KUWAIT CITY, March 20: Reinforcing the credibility of disclosed information, Boursa Kuwait announced today its partnership with the Public Authority for Civil Information (PACI), to offer the latest Electronic Signature feature, which acts as an authentication system for the information provided by listed companies on the Company Information Portal (CIP). …

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Ooredoo Kuwait presents achievements at AGM

KUWAIT CITY, March 19: Ooredoo Kuwait, a member of the international Ooredoo Group, has presented its achievements and financial results for 2016 during its annual general meeting and extraordinary general meeting, which were held at the company’s headquarters in Kuwait City on Sunday. The meeting was attended by the company’s …

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Warba Bank opens its 11th branch in Shuhada region

KUWAIT CITY, March 19: In line with the Bank’s vision of strategic expansion in the most dynamic and distinctive areas of Kuwait, the Bank established a new branch in the Shuhada region to provide the best pioneering Shari’ah-compliant banking services and solutions that are specifically designed to meet the needs …

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Kuwait Bourse Co vows to elevate local market to int’l levels

KUWAIT CITY, March 19, (KUNA): Kuwait Bourse Company Chairman Mohammad Al-Saqqaf has stressed the company’s keenness to make the national stock market match international standards. He has also affirmed the approach to develop the national bourse and make it a modernized model with highest levels of practices and competence in …

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KIB holds AGM, approves 10% cash dividends

Despite challenges, Al-Dawli achieves overwhelmingly positive results in 2016, says Chairman KUWAIT CITY, March 18: The 2016 Annual General Meeting (AGM) for Kuwait International Bank (KIB) was held on Saturday, attended by 74.43 percent of shareholders approved the recommendation of the Bank’s Board of Directors to distribute cash dividends of …

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KFAED inks 2 loan agreements with Egypt worth over KD 18mn – Two projects to be financed

KUWAIT CITY, March 18: A grant agreement was signed today in Cairo between the government of the Arab Republic of Egypt and the Kuwait Fund for Arab Economic Development, whereby the Kuwait fund provide a grant in the amount of one hundred thousand Kuwaiti Dinars (KD 100,000), (equivalent to five …

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Increase in interest ends era of ‘knock-down’ loans – Banks shrug off market status

KUWAIT CITY, March 18: Subsequent to the decision of Kuwait Central Bank to raise the deduction rate of Kuwaiti dinars by a quarter percent to 2.75 percent, the era of cheap loan has ended, especially as the US Federal Indices show a double raise in the rate of loan interest …

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