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Business

Kuwait snaps ‘winning’ spree, ends week in red – Humansoft Holding sinks 100 fils; NBK gains

KUWAIT CITY, July 27: Kuwait stocks pulled lower on Thursday to wind up the week on a dull note. The bourse dipped 40.45 pts in …

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KIPCO posts KD 14.1 mln net profit for H1 2017 – ‘Core businesses delivering as projected’

KUWAIT CITY, July 27: KIPCO – the Kuwait Projects Company (Holding) – has announced a net profit of KD 14.1 million (US$ 46.5 million), or …

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Kuwait gains in choppy trade; volume edges up – Mabanee Co rallies 14 fils; Zain flat

KUWAIT CITY, July 26: Kuwait stocks headed north on Wednesday extending its gains to fifth straight session buoyed by firming oil prices . The price …

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UAE banks profit to grow about 5% in H2 – FAB posts Q2 profit of $697.5m

DUBAI, July 26, (RTRS): Banks in the United Arab Emirates will post profit growth of around 5 percent in the second half of 2017, similar …

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Makkah-Madinah rail to operate in Q1

JEDDAH, July 26, (KUNA): Saudi officials announced Tuesday that the USD multi-billion high-speed Al-Haramain rail would start operation in the first quarter of 2018. In …

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Al Mazaya posts KD 4.17 mln net profit for H1; EPS 6.7 fils – Operating revenues surge 22% to KD 31.32 mn

KUWAIT CITY, July 24: Al Mazaya Holding has announced its financial statements for H1 2017, posting KWD 4.17 million in net profits, against KWD 4.14 …

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Kuwait bourse extends gains; volume rebounds – KFH rallies 13 fils; Americana flat

KUWAIT CITY, July 24: Kuwait stocks headed north on Monday extending the gains to second straight session. The price index climbed 22.51 pts in volatile …

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KFH will benefit overall from merger with Ahli United Bank – Transaction to create 6th largest bank in GCC

Last Tuesday, Kuwait Finance House K.S.C.P. (KFH, A1 stable, ba11) disclosed that it is studying a merger with Bahrain-based Ahli United Bank B.S.C. (AUB, unrated). …

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VIVA reports KD 19.5mn net profit for first half – Revenues reach KD 133mn during first six-month in 2017; customer base clocks 2.2 million

KUWAIT CITY, July 23: VIVA, Kuwait’s fastest-growing and most developed telecom operator, announced the financial results for the six-month period ended June 30, 2017; whereby …

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Kuwait stocks starts off week with modest gains – NBK climbs 8 fils; Ooredoo drops

KUWAIT CITY, July 23: Kuwait stocks swung higher on Sunday as it started off the week on a firm note. The main index climbed 18.65 …

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