Monday , December 18 2017

Business

State Audit Bureau ‘warns’ CSC about failure in collecting debts – Liability worth KD 15 million over 11 years

KUWAIT CITY, Feb 2: The State Audit Bureau has warned Civil Service Commission (CSC) about its failure in collecting debts worth KD 15 million for over 11 years, reports Aljarida daily. In its annual report, the bureau stressed that lack of monitoring by CSC has led to illegal disbursement of …

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Tijari records net profit of KD 50.4mn for 2016 – Board recommends 15% cash dividend and 10% bonus shares

KUWAIT CITY, Feb 1: Commercial Bank of Kuwait (Tijari) announced a net profit of KD 50.4 million a growth of 9.1 percent compared to last year with earnings per share of 33.8 fils compared to 30.9 fils for the year 2015. The Board of Directors recommended to the General Assembly …

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Kuwait Airways third aircraft arrives – Carrier maintains delivery schedule for total of 10 new Boeing 777-300ER

KUWAIT CITY, Feb 1: Following the arrival of its first two Boeing 777-300ER aircraft, in December 2016 and January 2017, Kuwait Airways, the official national carrier of the State of Kuwait, has welcomed the arrival of the third of 10 aircraft on order, landing at Kuwait International Airport (KWI) at …

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Kuwait ends 15.74 pts up in volatile session – Kuwait National Cinema gains 40 fils; KFH flat

KUWAIT CITY, Feb 1 : Kuwait stocks headed north on Wednesday as it kicked off the month on a firm note. The price index rose 15.74 pts in volatile trade  to 6847.96 pts after two-day retreat even as the board remained mixed. The KSX 15 rose 1.9 pts to 987.3 …

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Al Habtoor praises Hungary’s ‘investor-friendly’ landscape – Group owns two five-star hotels in Budapest

DUBAI, UAE, Jan 31: Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group gave the keynote speech at the Hotel Investment Conference CEE & Caucasus (HOTCO) on Tuesday 31 January, 2017. HOTCO is the first international hotel and resort real estate investment conference focusing solely on Central and Eastern Europe. …

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KFH 2016 net profit rises 13.3% to KD 165.2mn – Board proposes 17% cash dividend, 10% bonus shares; EPS 32.01 fils

KUWAIT CITY, Jan 31: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, realized a net profit of KD 165.2 million for the year 2016 for KFH shareholders as compared to KD 145.8 million for the same period last year i.e. …

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Kuwait bourse closes month on ‘tepid’ note – Gulf Bank slips 15 fils; Americana flat

KUWAIT CITY, Jan 31: Kuwait stocks edged lower on Tuesday to wind up the month on a tepid note. The price index slipped 6.89 pts in volatile trade to 6832,22 points as selling continued in select counters. The trading board however was broadly mixed as investors await fresh cues following …

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Gulf Bank posts KD 43 mln net profit for 2016 – Board recommends cash divident of 7 fils per share, up 75% y/y

KUWAIT CITY, Jan 30: Gulf Bank K.S.C.P. announced today its financial results for the year ending 31 December 2016. The Bank recorded a net profit of KD 43 million (earnings per share of 15 fils), an increase of 10% over the previous year. The Board of Directors has recommended a …

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Omani budget airline SalamAir takes off

Omani budget carrier SalamAir launched operations on Monday, becoming the latest Gulf airline competing for the region’s low-cost travel market. The airline said it began operations with a domestic flight from the southwestern city of Salalah to the capital Muscat. In addition to the domestic market, SalamAir will fly to …

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Kuwait bourse retreats after month-long rally – KIPCO falls 10 fils; Ooredoo gains

KUWAIT CITY, Jan 30: Kuwait stocks retreated sharply on Monday stemming the month-long rally which propelled the price index and market liquidity to multi-year highs. The bourse slumped 104.13 points to 6,839.11 pts amid broad profit taking after the long wnning spree. The KSX 15 gauge dived 12.99 pts to …

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