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Saturday , November 17 2018

Business

‘Kuwaitis place 3rd in Turkish real estate Sept acquisitions’ – 360 units purchased

ANKARA, Oct 20, (Agencies): Kuwaiti nationals were placed third in the acquisition of Turkish real estate behind the Iraqis and the Iranians for the month of September, said an institute in Turkey on Friday. According to the Turkish Statistical Institute, Kuwaiti nationals purchased 360 real estate units last September behind …

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Kuwait economy to accelerate in ’19, rise further or maintain level in 2020

‘Growth will not return to boom levels’ DUBAI, Oct 18, (RTRS): Gulf Arab economies are likely to accelerate over the next couple of years as governments boost spending, but growth will not return to the boom levels enjoyed before oil prices plunged in 2014, a quarterly Reuters poll of economists …

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Kuwait’s trade surplus with Japan ‘shrinks’ 6.9 percent

First downward trend in 4 months TOKYO, Oct 18, (KUNA): Kuwait’s trade surplus with Japan shrank 6.9 percent from a year earlier to JPY 46.5 billion (USD414 million) in September, down for the first time in four months, the Japanese Finance Ministry said Thursday. But Kuwait stayed in black ink …

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Tender for installation of smart meters to be floated this month

KUWAIT CITY, Oct 18: Central Agency for Public Tenders will this month float the tender for installation of smart meters for electricity and water usage after completing all the conditions and specifications of the tender, reports Al-Anba daily. According to informed sources, the tender involves supply of 200,000 smart meters …

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Kuwait’s market closes higher in volatile trade

Humansoft Holding soars 80 fils, Ooredoo slips KUWAIT CITY, Oct 17: Kuwait stocks pulled higher on Wednesday, recouping most of the previous session’s losses. The All Shares Index climbed 13.71 points in volatile session to 5,008.02 pts helped by Humansoft Holding and some of the heavyweights even as the broader …

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KIB achieves KD 15.5 million net profit for 9 months

Total financing income registers 21% growth; 10 percent growth in total assets KUWAIT CITY, Oct 17: KIB reported a net profit of KD 15.5 million attributable to the shareholders for the nine months ended Sept 30, 2018 compared to KD 13.5 million in the same period last year. This has …

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Kuwait reducing its A350-900 order from 10 aircraft to 5

Deliveries to start from March 2019 KUWAIT CITY, Oct 17: Until today, the Airbus A330-800neo was the aircraft no one wanted. In March, Hawaiian canceled Airbus’ only order for the jet that’s been on sale since 2014, but Kuwait Airways is saving a dying program by ordering eight of the …

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Kuwait bourse retreats amid ‘soggy’ sentiment

Zain slips 11 fils, Humansoft Holding soars KUWAIT CITY, Oct 16: Kuwait stocks slipped into red on Tuesday, erasing last session’s gains. The All Shares Index dropped 20.9 pts in choppy trade to 4994.31 pts as sentiment turned soggy. Most of the blue chips closed lower whereas some of the …

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Kuwait keen on ‘executing’ economic deals with China

Cabinet approves trade cooperation with Turkmenistan KUWAIT CITY, Oct 16, (KUNA): Kuwait government is keen on transforming recent economic agreements with China into reality, assigning relevant departments to implement them and remove all obstacles facing execution. The government, chaired by His Highness the Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah, …

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‘Selection of Incheon to operate T4 milestone in Kuwait & Korean ties’

Separate entries for arrivals, departures KUWAIT CITY, Oct 16: The Executive Vice-President of South Korea’s Incheon International Airport Corporation (IIAC) and the T4 Operations Manager Kwang-Soo Lee has affirmed the government of Kuwait’s selection of Incheon operate T4 is a milestone in the bilateral relations between Kuwait and Seoul, which …

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