Business

NON-OIL ACTIVITY BOOSTS LOCAL OUTPUT: WORLD BANK KUWAIT CITY, Oct 4, (KUNA): The “positive momentum” achieved by the non-oil sector in Kuwait has led to a 1.6 percent increase in Gross Domestic Product, the first positive rating seen in over a year, the World Bank said on Wednesday. The modest …

Protect values of culture: Al-Jabri KUWAIT CITY, Oct 3, (KUNA): Kuwait National Fund for Small and Medium Enterprise Development (SMEs) signed Wednesday a memorandum of understanding (MoU) with Huawei, which aims to encourage and develop small and medium enterprises. National SMEs fund said in a press release that the MoU …

Agility gains 5 fils; NBK flat KUWAIT CITY, Oct 3: Kuwait stocks pulled slightly higher on Wednesday, stemming the three-day retreat. The All Shares Index rose 5.22 pts in choppy session to 5,121.23 points paced by Humansoft Holding and some of the heavyweights even as the overall mood remained sluggish. …

Move in line with its commitment towards integration into global markets KUWAIT CITY, Oct 3: Boursa Kuwait announced that the exchange has received a unanimous vote for admission as a full member of the World Federation of Exchanges (WFE), the global trade association for the operators of regulated securities exchanges.The …

Projects in Liwan, Dubailand offer mid-income segments at 4-year interest-free payments KUWAIT CITY, Oct 2: Al Mazaya has launched its marketing and promotional campaign for the Q-Line development, the company’s residential project in Liwan, Dubailand, which falls within its series of mid-range and affordable housing developments. The project is part …

KUWAIT CITY, Oct 2: Boursa Kuwait entered into a Memorandum of Understanding (MoU) with CFA Institute aiming to educate the public on the fundamentals of investing in the stock market. The content will be derived from the CFA Institute Investment Foundations programme and will be accessible via Boursa Academy online, …

KAMCO slips 6 fils, NBK flat KUWAIT CITY, Oct 1: Kuwait stocks edged lower on Monday, extending last session’s slight losses. The All Shares Index fell 6.42 points in a lightly volatile session to 5121.62 pts even as the broader sentiment remained sluggish. The Premier Market dropped 14.43 points to …

KUWAIT CITY, Oct 1, (KUNA): The Central Bank of Kuwait (CBK) announced Monday the most recent issues of CBK bonds and related tawarruq at a total value of KD 150 million (nearly $ 480 mln) for six months with rate of return at 2.875 percent. The CBK, on September 24, …

Bank obtains approval from CBK KUWAIT CITY, Oct 1: KIB recently appointed Raed Jawad Bukhamseen as Vice-Chairman and Chief Executive Officer of the Bank, after obtaining the necessary approvals from the Central Bank of Kuwait (CBK). A longtime member of the KIB leadership team, Bukhamseen has served as Vice- Chairman …

Bank ranked 45th worldwide in Global Finance’s list KUWAIT CITY, Oct 1: National Bank of Kuwait (NBK) maintained its listing in The World’s 50 Safest Banks in 2018 list by Global Finance for the 13th consecutive time; topping international financial heavyweights. NBK is the only Kuwaiti bank in Global Finance’s …