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Enriching lives with fantastic Range Rover Evoque package

Posted by on 26/01/2015
Filed under Business

Enriching lives with fantastic Range Rover Evoque package

Enriching lives with fantastic Range Rover Evoque package

KUWAIT: Ali Alghanim & Sons Automotive, the exclusive importer of Land Rover, BMW, MINI, Rolls-Royce and McLaren in Kuwait, continues to stamp its market leadership by providing an awesome opportunity for car lovers to own the highly acclaimed 4-door Range Rover Evoque. Available at a starting price of KD 14,700, the amazing package includes free […]

ABK posts KD82.5m operating profits for 2014 – Net profits KD 37.6 million up by 6.2 percent

Posted by on 26/01/2015
Filed under Business

ABK posts KD82.5m operating profits for 2014 – Net profits KD 37.6 million up by 6.2 percent

ABK posts KD82.5m operating profits for 2014 – Net profits KD 37.6 million up by 6.2 percent

KUWAIT: Al-Ahli Bank of Kuwait achieved KD 82.5 million operating profits and KD 37.6 million net profits for the financial year ended 31 December 2014, representing a 6.2 percent growth in net profits from the previous year. Earnings per share were 23 fils compared to 22 fils during 2013. Total assets grew by 9.6 percent […]

Kuwait’s trade surplus with Japan narrows in December – Exports to Japan drops $908 million for second year

Posted by on 26/01/2015
Filed under Business

Kuwait’s trade surplus with Japan narrows in December – Exports to Japan drops $908 million for second year

Kuwait’s trade surplus with Japan narrows in December – Exports to Japan drops $908 million for second year

TOKYO: Kuwait’s trade surplus with Japan narrowed 21.7 percent in December to JPY 84.1 billion ($713 million) from a year earlier, shrinking for the second month as exports fell, the Finance Ministry said yesterday. Nevertheless, Kuwait maintained black ink with Japan for the 83rd consecutive month, the ministry said in a preliminary report. Kuwaiti overall […]

FTC Federal General Trading & Contracting Co – The best partner to fulfill your needs

Posted by on 26/01/2015
Filed under Business

FTC Federal General Trading & Contracting Co – The best partner to fulfill your needs

FTC Federal General Trading & Contracting Co – The best partner to fulfill your needs

KUWAIT: “FTC” Federal General Trading & Contracting Co, was established in 2012 with its main office in Ardiya Industrial area. FTC is adaptable to the current era and is able to become your best partner to fulfill clients’ needs. FTC would like to offer customers services and products that are fine picked and chosen to […]

An outstanding 42% growth achieved for Rolls-Royce in Kuwait in 2014

Posted by on 26/01/2015
Filed under Business

An outstanding 42% growth achieved for Rolls-Royce in Kuwait in 2014

An outstanding 42% growth achieved for Rolls-Royce in Kuwait in 2014

KUWAIT: Ali Alghanim & Sons Automotive, the sole authorized dealer in Kuwait of Rolls-Royce Motor Cars, BMW and MINI, has revealed an impressive 42 percent increase in its sales of Rolls-Royce vehicles in 2014. Following the recent global announcement that the Middle-East region was Rolls-Royce Motor Cars’ second largest market globally, comprising around one-fifth of […]

AMG launches new 2015 Lincoln Navigator in Kuwait

Posted by on 26/01/2015
Filed under Business

AMG launches new 2015 Lincoln Navigator in Kuwait

AMG launches new 2015 Lincoln Navigator in Kuwait

KUWAIT: The concept of luxury in the full-size SUV category has taken a new form in Kuwait as Arabian Motors Group (AMG) Hamad Mohammed AlWazzan and Partners, the Ford and Lincoln importer-dealer in Kuwait, launched the new 2015 Lincoln Navigator at 360 MALL Auto Moto show taking place this week. The 2015 Lincoln Navigator offers […]

A peaceful year ahead for the GCC

Posted by on 26/01/2015
Filed under Business

A peaceful year ahead for the GCC

A peaceful year ahead for the GCC

2015 should be a quiet year in the Gulf, according to the calendar of political events that financial institutions use to predict instability. Only two events with direct impact on the GCC are marked in red in investors’ agendas. The first one is the negotiation about Iran’s nuclear program that the country is holding with […]

Toyota bags 7 awards including the ‘Best Mainstream Brand’

Posted by on 26/01/2015
Filed under Business

Toyota bags 7 awards including the ‘Best Mainstream Brand’

Toyota bags 7 awards including the ‘Best Mainstream Brand’

KUWAIT: Toyota once again dominated the annual ALG Residual Value Awards with six models capturing the top spot in their respective segments and a seventh award going to Toyota as the top Mainstream Brand. The Residual Value Awards from ALG represent the industry benchmark for residual values and depreciation data. “Residual value is important for […]

Lower oil a net stimulus for economy – Bank of America Merrill Lynch Economic Report

Posted by on 26/01/2015
Filed under Business

Lower oil a net stimulus for economy – Bank of America Merrill Lynch Economic Report

Lower oil a net stimulus for economy – Bank of America Merrill Lynch Economic Report

Crude oil prices will likely remain significantly below the levels seen in recent years, supporting global activity. Despite global headwinds, Turkey, India and large economies stand to benefit from cheaper oil. Lower oil prices and easier global liquidity will likely shore up global growth in coming quarters. Is it light sweet or heavy crude? It […]

KSE ended last week in green

Posted by on 24/01/2015
Filed under Business

KSE ended last week in green

KSE ended last week in green

KUWAIT: Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 6,662.81 points, up by 0.97% from the week before closing, the Weighted Index increased by 0.29% after closing at 445.60 points, whereas the KSX-15 Index closed 1,082.28 points up by 0.44%. Furthermore, last week’s average daily turnover increased […]

Global economy brightens after stimulus

Posted by on 24/01/2015
Filed under Business, Europe, Top Stories, World

Global economy brightens after stimulus

Global economy brightens after stimulus

DAVOS: The global economic outlook just got brighter after this week’s big stimulus from the European Central Bank, leading policymakers from around the world said yesterday. In a panel at the World Economic Forum in Davos, they said a perkier Europe, coupled with a prolonged period of low oil prices, could help shore up the […]

Parity price estimate for oil producers budgets

Posted by on 24/01/2015
Filed under Business

Parity price estimate for oil producers budgets

Parity price estimate for oil producers budgets

KUWAIT: Oil prices began their big hikes between 2004 and 2014 and although they crumbled with the outbreak of the global financial crisis in September 2008, they recovered their rise in 2009 and beyond until their levels exceeded the pre-financial crisis levels from 2011 to the beginning of 2014 autumn. The justifications for the rise […]

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