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Business

Al Habtoor announces exclusive promotion for GCC nationals at ‘The Residence Collection’

Pay 50 pc for apartments now … rest over 10 years interest free DUBAI, May 15: Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group …

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GCC urged to cope with global economic moves

‘Youth role vital in development’ KUWAIT CITY, May 14, (KUNA): Kuwaiti Minister of Finance Nayef Al-Hajraf said on Monday it is significant for GCC countries …

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KIPCO reports net profit of KD 5.64mn for Q1

Total revenue rises 13% to KD 171mn KUWAIT CITY, May 13: KIPCO — the Kuwait Projects Company (Holding) — announced a net profit of KD …

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German online bank ‘uses’ Bitcoins to transfer loans

BERLIN, May 13, (RTRS): German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. Bitbond …

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US, UAE strike deal to resolve airline spat

WASHINGTON, May 12, (AP): The United States and the United Arab Emirates signed a deal Friday to resolve a years-old spat over alleged Emirati government …

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VIVA reports KD 77.6mn of revenues for Q1, a growth of 13.9 pct; net profit KD 11.6mn

Company achieves EBITDA of KD 18mn; customer base reaches 2.32 million KUWAIT CITY, May 10: VIVA, Kuwait’s fastest-growing and most developed telecom operator, announced the …

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Zain Q1 net profi t rises 7% to KD 41 mln

Revenue grows 5% to reach KD 259mn; Kuwait and Iraq operations perform strongly in quarter: Al-Kharafi KUWAIT CITY, May 10: Zain Group, a leading mobile …

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EQUATE Q1 net profit rises 41% to $435mn

EBITDA up 22% to $577mn uateKUWAIT CITY, May 9: The EQUATE Group, a global petrochemical producer, today reported its Q1, 2018 financial results (unaudited), with …

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Housing market in Kuwait poised to boom in Q2 of ’18

KUWAIT CITY, May 9, (KUNA): Despite mixed performance in the first quarter of 2018, the various sectors of the property market in Kuwait, particularly the …

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Issue of unspent excess funds is affecting local banks again

No legal cover to renew or recycle the bonds KUWAIT CITY, May 9: The issue of unspent excess fund has been affecting the local banks …

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