Saturday , November 25 2017

Business

Kuwait benchmark heads south in ‘volatile’ trading – Zain dips 17 fils; NBK flat

KUWAIT CITY, Oct 29: Kuwait stocks slipped into red on Sunday as it opened the week on a sluggish note. The price index dropped 15.74 points in volatile trade to 6,607.75 points after treading water in the last session. The telecom major sagged while the banks remained subdued. The KSX …

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Boursa Kuwait to auction 12 pct of Zain’s shares on November 12

KUWAIT CITY, Oct 29, (KUNA): Kuwait Bourse said on Sunday that an auction would take place on Nov 12 to sell a sum of 521,975,416 shares of Zain telecommunications group, equivalent to 12.063 percent of the company’s total capital, with a starting price of 781 fils per share. The deal, …

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Qatar aims for futures trading, short-selling by end-2018

DOHA, Oct 29, (RTRS): The Qatar Stock Exchange is looking to roll out futures trading and short-selling by the end of 2018, exchange CEO Rashid Ali Al-Mansoori said, part of a bid to boost liquidity and encourage more IPOs in the next year. Qatar’s benchmark stock index has fallen about …

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Success of The Avenues of Kuwait gives birth to The Avenues-Bahrain

Prince Salman opens Bahrain’s newest shopping landmark MANAMA, Oct 29, (KUNA): Bahraini Crown Prince Salman bin Hamad Al Khalifa inaugurated Saturday Bahrain’s newest shopping landmark, The Avenues Mall. Speaking at the ceremony, the Crown Prince emphasized Bahrain’s commitment to advancing its key economic sectors and bolstering regional competiveness. He also …

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KFH takes part in ArabNet conference – Bank up investment in tech, e-services launched: Chalouhi

KUWAIT CITY, Oct 28: Kuwait Finance House (KFH) participated in the 2nd edition of ArabNet Kuwait held under the patronage of HE Khaled Al-Roudan, Minister of Commerce and Industry and Minister of State for Youth Affairs. The conference is one of the biggest and most targeted to tech startups. It …

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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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