Business

ABK takes home ‘Bank of the Year’ award – Group demonstrates strength across the region

KUWAIT CITY, May 10: Al Ahli Bank of Kuwait (ABK) was named ‘Bank of the Year’ by Arabian Business Magazine, highlighting the Bank’s series of milestones and achievements that have been recorded throughout the past year. Fawzy Al Thunayan – General Manager Board Affairs,   received the award on behalf of …

Read More »

KAMCO shareholders approve 5% cash dividend – Company holds AGM and annual Shafafiyah Investors Forum

KUWAIT CITY, May 10: KAMCO Investment Company K.S.C. (Public), a leading investment company with one of the largest assets under management (AUM) in the region, held its annual general meeting (AGM) for the year ending Dec 31, 2016 and its annual Shafafiyah Investors Forum today at the Chairman’s Club in …

Read More »

Agility Q1 net profit rises 11% to KD 14.6 mln – Company reports EBITDA of KD 30.8 mln, up 17.4% y/y

KUWAIT CITY, May 10: Agility, a leading global logistics provider, today reported earnings of 12.7 fils per share on net profit of KD 14.6 million, an increase of 11.4% over the same period in 2016. Agility reported EBITDA of KD 30.8 million, a 17.4% increase, along with revenue of KD …

Read More »

Financial experts ‘urge’ fiscal reforms in Kuwait, Arab world – MENA and GCC under-spend on infrastructure: Le Borgne

KUWAIT CITY, May 9: The IMF Middle East Center for Economics and Finance and the Arab Fund for Economic and Social Development held a symposium on the topic of fiscal reforms in Kuwait and the Arab world with the key aim of identifying the core ingredients of successful fiscal reform …

Read More »

Toyota, KFH open new leasing office – Al-Sayer’s strategic initiative to better engage with customers

KUWAIT CITY, May 9: Mohamed Naser Al-Sayer and Sons (MNSS), one of the Al-Sayer Group Holding Companies in cooperation with Kuwait Finance House “Baitak” opened a special office, at MNSS showroom in Al Rai on the 4th ring road, to provide customers with renting and maintenance services for Toyota vehicles. …

Read More »

India finding it hard to end love affair with cash – ‘You can never remove cash from our system’

NEW DELHI, May 9, (AFP): Fat wads of bank notes move across counters in Old Delhi’s gold and diamond district in one of many challenges to six months of Indian government efforts to suffocate the black market. Cash has been king in the musty narrow streets of Chandni Chowk since …

Read More »

VIVA Q1 net profit rises 2% to KD 10 mln – Revenues reach KD 66.9 million in first quarter

KUWAIT CITY, May 8: VIVA, Kuwait’s fastest-growing and most developed telecom operator, announced the financial results for the first quarter ended on March 31, 2017; whereby VIVA’s net profit grew to reach KD 10 million recording a growth of 2 percent compared to the same period last year; whereas the …

Read More »

AUB hosts and provides training to PAMA delegation – Move marks start of close cooperation between bank and PAMA

KUWAIT CITY, May 8: Underscoring the excellent relations between Ahli United Bank (AUB) and the Public Authority for Minors Affairs (PAMA), the bank received two groups from PAMA and conducted for them an intensive training program on the work of many of the Bank’s departments, including Treasury, Private Banking Services …

Read More »

Kuwait bourse swings higher as volume dips – NBK gains 20 fils; Ooredoo flat

KUWAIT CITY, May 8: Kuwait stocks rebounded on Monday following the plunge in the previous session. The bourse gained 62.9 points in choppy session to 6,627.57 points amid bargain buying in select counters even as investors kept a wary eye on the oil prices. The KSX 15 benchmark climbed 12.27 …

Read More »

KAC privatization discussed – MPs retain immunity

KUWAIT CITY, May 7: The Legislative and Legal Affairs Committee in the National Assembly has rejected the request of the Public Prosecution to lift the immunity of MPs Mubarak Al-Harees and Mohammed Al-Hadiya who were accused of participating in primaries during the previous parliamentary elections. Earlier, the Public Prosecution sent …

Read More »
Translate »