Monday , October 15 2018


Efforts to hurt Qatar riyal could backfire on region – ‘Arab states trying to destabilise riyal’

DUBAI, Nov 27, (RTRS): Some Arab states are trying to destabilise Qatar’s riyal but efforts to drive down its value could backfire by hurting other dollar-linked currencies in the region, a Qatari central banker said. Khalid Alkhater, currently in Britain on leave from the central bank, was commenting on moves …

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AUB holds seminar for Wealth Management customers – UK realty market in focus

KUWAIT CITY, Nov 26: Ahli United Bank recently held a major seminar at Le Notre Restaurant Kuwait, designed to brief its Private Banking & Wealth Management customers on the latest developments in the UK real estate market in light of the current market circumstances. The seminar addressed three major subjects: …

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Kuwait stocks kick off week with modest rise – KFH rallies 11 fils; Ooredoo sinks

KUWAIT CITY, Nov 26: Kuwait stocks headed north on Sunday as it kicked off the week on a firm note. The price index climbed 17.3 pts in lackluster trade to 6,256.67 points paced by banks and other heavyweights even as other counters remained mostly subdued. The KSE 15 gauge rose …

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Iraq offers Kuwait nine oil & gas blocks for exploration – Baghdad to build new pipeline to Turkey

BAGHDAD, Nov 26, (Agencies): Iraq will invite foreign energy firms to bid for the exploration and development of nine new oil and gas blocks bordering Iran and Kuwait, the oil ministry said in a statement on Sunday. Iraq is to hold a press conference on Monday to announce details of …

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‘12,000 Kuwaitis using Bitcoin currency amounting $1 billion’

KUWAIT CITY, Nov 26: Kuwait has not been enthusiastic about any new electronic product, as is the case with the process of the virtual currency Bitcoin (BTC), reports Al-Anba daily. The daily quoting sources said this year until October 2017 a total of 12,000 Kuwaitis have been using this virtual …

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The impact of existing oil, gas investments in Norway

KUWAIT CITY, Nov 23: Last week Norway’s sovereign wealth funds unveiled its plans to sell all its investments in oil and gas, which represent about 6 percent of its wealth portfolio of $1 trillion, the largest of all global funds. This is upon the recommendation of the state’s Norwegian oil …

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NBK launches specialized employee training program in ‘Trade Finance’ – In cooperation with int’l educational institution

KUWAIT CITY, Nov 25: National Bank of Kuwait (NBK) launched its specialized employee training program in Trade Finance in cooperation with one of the leading international training institutions. The program aims at developing employees’ skills in trade finance and providing them with the required expertise in that domain. The program …

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ZGI continues accelerator program in UK – Kuwait’s ambassador Al Duwaisan welcomes Zain entrepreneurs

KUWAIT CITY, Nov 25: Zain, the leading telecommunications company in Kuwait, announced the arrival of the Zain Great Idea (ZGI) entrepreneurs to London, the United Kingdom. The entrepreneurs are set to continue the second phase of the program — the international accelerator program — which commenced in San Francisco, the …

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British Airways marks 85 years of flying to Kuwait – New products for 2018 launched

KUWAIT CITY, Nov 22: It has been 85 years now since British Airways’ first flight to the Middle East with its arrival in Kuwait in October 1932. As British Airways marks 85 years of flying to Kuwait, the airlines has announced the launch of new products in 2018 during the …

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Kuwait’s market little changed, volume dips – KIPCO slips 7 fils; VIVA gains

KUWAIT CITY, Nov 22 : Kuwait stocks were little changed on Wednesday after retreating earlier in the week. The price index slipped 2.76 pts in volatile trade to 6,228.21 points even as the broader sentiment remained mixed. The blue chips mostly edged into red zone. The KSX 15 gauge eased …

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