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Banks reject Mallya’s $600mn repayment offer

A group of Indian banks rejected Thursday embattled businessman Vijay Mallya’s offer to repay $600 million in unpaid loans, less than half of what his …

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ABK rewards ‘Best of the Best’ employees in Retail Banking

Al Ahli Bank of Kuwait (ABK) recently held its Annual ‘Best of the Best’ Awards ceremony on March 23, 2016 at the Jumeirah Hotel. This …

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CFA Kuwait hosts charter award ceremony – 19 new charterholders receive CFA charters

KUWAIT CITY, April 6: Last night, CFA Society Kuwait, the local chapter of CFA Institute, the global association of investment professionals that promotes the highest …

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Russia sees oil price of $45-$50 ‘acceptable’ – Doha deal may speed up market rebalance

MOSCOW, April 6, (RTRS): Russia believes an oil price at $45-$50 per barrel is acceptable to allow the global oil market to balance, as it …

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KSE index ticks up in lackluster trade – Ooredoo jumps 40 fils; KFH flat

KUWAIT CITY, April 6: Kuwait stocks edged higher on Wednesday after treading water in the last session. The bourse added 2.67 pts in lackluster trade …

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Signs point to deal on crude output: Kuwait OPEC governor – Official sees higher average prices second half

KUWAIT, April 5, (RTRS): All signs suggest a meeting of oil-producing countries on April 17 will deliver an agreement to freeze output, Kuwait’s OPEC governor …

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Inflation retreats to 3.1 pct in February

Inflation in consumer prices eased in February on the back of a slowdown across most components. Headline inflation eased from 3.3 percent year-on-year (y/y) in …

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Kuwait treads water amid drop in volume – NBK gains 10 fils; Americana dips

KUWAIT CITY, April 5: Kuwait stocks trod water on Tuesday after retreating in the last three sessions. The price index inched 0.23 pts lower to …

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Ford taps Alghanim Auto as new importer-dealer – Customers can visit newly opened center in Shuwaikh for all their services

KUWAIT CITY, April 5: Ford announced that it has selected Alghanim Auto as a new importer-dealer in Kuwait for the sale and service of Ford …

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KAMCO ranked first in Kuwait for managing issuances of bonds – Testament to company’s prominent position in local and regional market: Fouad

KUWAIT CITY, April 4: KAMCO Investment Company, a leading investment management company with more than $11 billion in assets under management, and winner of World …

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