Saturday , November 18 2017

Business

Zain records net income of KD 40mn for Q3 – Group’s efficiency drive maintains EBITDA margin at 40%; total customers served stand at 45.3 million

KUWAIT CITY, Oct 28: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the nine-month and third-quarter periods ended Sept 30, 2017. The company ended the period serving 45.3 million customers. For the first nine months of …

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Saudi Arabia, Russia: The new oil protectors – $60 a barrel eyed by end of next yr

The oil agreement signed recently in Moscow by Saudi Arabia and Russia has certainly disciplined the global oil markets. The agreement brought stability to the oil market and improved the oil prices to reach the current level at $58 a barrel which continues to climb steadily, perhaps until it will …

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ABK records net profit of KD 22.1mn for Q3 2017 – Total assets remain stable at KD 4.3 bln

KUWAIT CITY, Oct 25: Following strong growth in the first half of 2017, Al Ahli Bank of Kuwait (ABK) today revealed an Operating Profit of KD 71.2 million compared to KD 65.6 million in 2016, an increase of 8.5 percent. Net profit was KD 22.1 million, up 11.6 percent compared …

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Kuwait bourse climbs in choppy trade; volume up – Zain gains 10 fils; Americana tumbles

KUWAIT CITY, Oct 25: Kuwait stocks pulled higher on Wednesday recouping last session’s losses. The price index climbed 23.04 pts in choppy trade to 6,621.4 pts helped by last minute buying in select counters. The frontline stocks however closed mixed. The KSX 15 fell 1.93 pts to 995.1 points while …

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KFH support to SMEs dates back to 1980s, says Al Kharji – Bank playing significant role

KUWAIT CITY, Oct 25: Group Chief Corporate Banking Officer at Kuwait Finance House (KFH), Ahmed Soud Al Kharji said the bank is a pioneer in supporting the youth and the small and medium-sized enterprises SMEs, indicating this dates back to the 1980s. AlKharji made his statement during his participation in …

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Kuwait’s Ambassador to US praises KFH role in global economy – Participation in IMF signifies role of Kuwaiti private sector: Al-Marzouq

KUWAIT CITY, Oct 23: Kuwait’s Ambassador to the United States Sheikh Salem Abdullah Al-Jaber Al-Sabah, praised Kuwait Finance House’s KFH participation in the IMF/World Bank Annual Meetings in Washington, DC, USA, indicating the instrumental role of the bank in the national and global economy. The ambassador’s statement was made during …

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Kuwait trade surplus steady in 2nd quarter – Imports growth holds firm

KUWAIT CITY, Oct 23: Kuwait’s trade surplus narrowed slightly to KD 1.5 billion in 2Q17, as softer oil prices led oil exports lower. Meanwhile, imports continued to improve after some weakness in 2016, thanks to solid capital goods imports data and some recovery in consumer goods. The surplus is slated …

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Kuwait’s index ‘closes’ lower, volume rebounds – Americana jumps 199 fils; Agility falls

KUWAIT CITY, Oct 23: Kuwait stocks retreated sharply on Monday as declines in oil and gas and insurance shares offset gains in consumer goods. The main index tumbled 27.5 points in a lackluster trade to close at 6,622.56 points. The KSX-15 benchmark was down 1.22 points to 1,000.98 points while …

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Kuwait abides by OPEC’s oil output quota: KOC chief exec – OPEC, non-OPEC compliance with output cuts reach 120%: JMMC

KUWAIT CITY, Oct 22, (KUNA): Kuwait has affirmed its adherence to the crude oil output quota as set by the Organization of Petroleum Exporting Organization (OPEC), estimated at 2.707 million barrels per day (more) Jamal Jaafar, Chief Executive Officer of Kuwait Oil Company (KOC), said on Sunday that the company …

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Kuwait’s inflation up

KUWAIT CITY, Oct 22, (KUNA): Average domestic inflation climbed 0.53 percent in September, as compared to the same month last year, said the Central Statistical Bureau (CSB) on Sunday. The index for the first main group (food and beverages) went up by 0.65 percent, compared to the same month in …

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