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Business

Rakomesko Group eyes resort in Italy – Company to invest 550 mln euros in the project

KUWAIT CITY, May 8: Rakomesko Group has announced in a press conference that their investments in a resort project named as “Dar Di Fogliano” resort …

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GIG records KD 3.3 mln net profit in Q1 – Total assets reach KD 373.23 mln, up 13%

KUWAIT CITY, May 8: Gulf Insurance Group (gig) announced a net profit of KD 3.3 million ($ 10.9 million), or 18.44 fils per share, for …

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Kuwait index ends little changed; volume thins – Ooredoo dives 80 fils; Mabanee Co gains

KUWAIT CITY, May 8: Kuwait stocks got off to a tame start as the main index closed little changed on Sunday. The bourse gave up …

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Banks remain relatively resilient, outlook positive – Regional banking sector enters a new paradigm

KUWAIT CITY, May 8: KPMG has released its first GCC listed bank results report, analyzing the published financial statements of 56 leading listed commercial banks …

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KFH wins prestigious MasterCard award – Award recognizes bank’s efforts in promoting payment cards usage

KUWAIT CITY, May 7: Kuwait Finance House (KFH) has won the “International Volume Growth Cross Border 2015” award from MasterCard for demonstrating outstanding performance in …

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KIB named ‘Best Islamic Bank in Kuwait’ – Al-Dawli honored by World Finance for third year in a row

KUWAIT CITY, May 7: Kuwait International Bank (KIB) adds a new achievement to its track record after receiving the “Best Islamic Bank in Kuwait” for …

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Kuwait oil at $40 a barrel … what’s next for the economy? – Time running out of govt to ‘improvise’

Last week, the price of Kuwait’s export crude oil reached $40 per barrel in Mina Ahmadi for the first time after the Brent crude oil …

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Kuwait indices post weekly losses – Market capitalization reaches KD 23.6i bln, down 0.98%

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,373.17 points, down by 0.35% from the week before …

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Greeks strike as new tax, pension reforms loom – Policy reforms required to meet bailout terms

ATHENS, May 6, (RTRS): Greeks went on a 48-hour nationwide strike on Friday to protest against tax and pension reforms, as Prime Minister Alexis Tsipras …

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KSE price index posts weekly decline – Market capitalization drops 1 pct to KD 24.87 billion

KUWAIT CITY, May 6: This has not been a positive week for the indices. As KSE price index closed down 0.35 percent, 5,373.17 down 18.64 …

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