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Wednesday , February 1 2023

Business

Zain Group logs KD 855 mln revenues in 9 months – Consolidated net income reaches KD 118 million

KUWAIT CITY, Oct 25:  Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results …

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Gold drops 1st time since early October – Sabayik Co – Yellow metal’s price affected by dollar strength

KUWAIT CITY, Oct 25, (KUNA): The gold price posted first loss since start of October on Friday dropping by one percent and closing at $1,164 …

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Al Ahli Bank records net profit of KD 29.2m – Customer-focused approach is bearing fruit: chairman

KUWAIT CITY, Oct 25: Al Ahli Bank of Kuwait (ABK) today announced a net profit of KD 29.2 million for the first nine months of …

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Kuwait index climbs 27.19 pts; volume up – NBK gains 10 fils; Ooredoo drops

KUWAIT CITY, Oct 25: Kuwait stocks headed north on Sunday after clocking modest gains in the previous week. The bourse climbed 27.19 points in a …

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Weak oil and strong dollar – a puzzling relationship – Widely used currency versus widely traded commodity in world

The relationship between oil price and dollar value is intriguing not only to the US and the oil-exporters, but to researchers and governments all over …

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Facebook hits all-time high amid tech euphoria

SAN FRANCISCO, Oct 24, (AFP): Facebook shares lifted Friday to an all-time high, crossing $100 for the first time, during a rally in the technology …

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ALAFCO records KD 16 mln net profit – Shareholders’ equity up 11% and EPS clocks 19.6 fils 

KUWAIT CITY, Oct 24: The Vice Chairman of the Board and Chief Executive Officer of Alafco Aviation Lease And Finance Company (ALAFCO), Ahmad A. Alzabin, …

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Iranian crude – another headache for oil market – Battle for mkt share to continue

While the oil industry is going down, the American shale oil industry is developing. To add to this problem, a big supplier of oil has …

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Kuwait awards $30bn projects by end of Q3 – New Al-Zour refinery expected to be completed in 45 months

KUWAIT CITY, Oct 24: The total value of projects awarded in Kuwait in 2015 climbed to KD 9 billion ($30 billion) by the end of …

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Amazon cheap Fire does a lot for $50 – Tablet surprises in many ways

NEW YORK, Oct 24, (AP): The thing to remember about Amazon’s new $50 Fire tablet is that it’s a $50 tablet. It’s not as light …

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