Friday , October 20 2017

Arab Times

KFH improves productivity, profitability and asset quality: CEO – Coverage of NPLs increases to 220%, says Al-Nahedh

KUWAIT CITY, Oct 26: Kuwait Finance House (KFH) CEO Mazin Saad Al-Nahedh said that the bank has achieved a net profit of KD 105.7 mln as of the end of the third quarter 2015 with an increase of 17.3% over the same period last year, indicating that the profits were …

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Gulf Bank posts net profit of KD 29.6m for 9M – Introduction of products and services helping growth

KUWAIT CITY, Oct 26: Gulf Bank announced a 12 percent increase in net profit to KD 29.6 million for the first nine months of 2015.   The growth in net profits for the first nine months was mainly from higher interest income, fee income, and other income.  As of the end …

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KFH renews strategic partnership with Islamic Finance Club

Kuwait Finance House (KFH) has renewed the strategic partnership with the Islamic Finance Club at the College of Business Administration as part of KFH’s continuous support to the club’s activities and part of its social responsibly. The strategic partnership affirms KFH’s role in supporting the youths and the students and …

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Kuwait’s EQUATE seeks $6 bln loan partly for MEGlobal deal – KFH, NBK among arrangers

DUBAI, Oct 26, (RTRS): EQUATE Petrochemical Co has chosen banks to arrange a $6 billion loan, about half of which will be used to pay for its acquisition of petrochemical company MEGlobal from Dow Chemical, sources with knowledge of the matter said on Monday. EQUATE has picked JP Morgan Chase, …

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KSE measure slips amid profit taking – Americana gains 40 fils; Zain falls

KUWAIT CITY, Oct 26: Kuwait stocks eased slightly on Monday snapping the two-day advance. The bourse fell 3.9 pts in lackluster trade to 5,804.05 points weighed by profit taking in select mid and small caps. Some of the banks shone even as investors digested the latest quarterly earnings. The KSX …

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Mullahs’ screams indicative of level of pain

TEHRAN invested many years to replace its slogan of ‘Death to America and Israel’ with ‘Death to Saudi Arabia and Arabs’. The nuclear agreement obliging Tehran to change the first slogan reflected a deep racial grudge against Arabs, and halted any mortgage for positive neighborliness which the Gulf countries have …

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‘Shun egos to revive sports’ – ‘Be wise for country’s sake’

The Kuwaiti government issued a decision to apologize for not hosting the Gulf Cup. The tournament, which was scheduled to take place in Kuwait in December, has been cancelled due to a decision by FIFA to suspend Kuwait’s sports activities. I will shed light on some points regarding the negative …

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‘Star Wars’, ‘Bridge of Spies’ square off – Oscar race for best production design dominated by ornate period

This year’s Oscar race for best production design (nee “best art direction”) is once again dominated by ornate period and fantasy flourishes, with some notable contemporary work to boot. Contenders take us from the 1820s American wilderness to Mars to a galaxy far, far away, leaving the designers branch of …

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‘Quiet Man’ actress O’Hara dies at 95 – Fiery star of Hollywood’s golden age

LOS ANGELES, Oct 25, (RTRS): Maureen O’Hara, the Irish actress who starred in a slew of American films including “Miracle on 34th Street,” “The Quiet Man” and “The Parent Trap” and one of the last surviving stars of Hollywood’s golden age, died on Saturday at home in Boise, Idaho. She …

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Hiddleston explores tragic life of country singer Williams – Giacchino wins Composer of the Year at World Soundtrack Awards

NASHVILLE, Tenn, Oct 25, (RTRS): When British actor Tom Hiddleston was tasked with portraying country music legend Hank Williams, whose tragic, short life was marred by adultery, alcohol and drugs, he wanted to do it as objectively as possible. “It is the responsibility of the actor to tell the truth …

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