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Saudis, Iraq agree on oil cut

Posted by on 22/05/2017
Filed under Business, Middle East, World

Saudis, Iraq agree on oil cut

Saudis, Iraq agree on oil cut

BAGHDAD/VIENNA: OPEC heavyweights Saudi Arabia and Iraq agreed yesterday on the need to extend a global cut in oil supply by nine months in an effort to prop up crude prices, removing a potential stumbling block as producing countries prepare to meet this week. Saudi Energy Minister Khalid Al-Falih said he did not expect any […]

ABK marks 50 years of success! A journey to Simplicity

Posted by on 22/05/2017
Filed under Business

ABK marks 50 years of success! A journey to Simplicity

ABK marks 50 years of success! A journey to Simplicity

KUWAIT: Al-Ahli Bank of Kuwait (ABK) today marks the Bank’s 50th year of service in Kuwait, celebrating half a decade of successful banking services. Opening its doors in 1967 to serve the Kuwait community, ABK has grown to become one of the most respected and innovative banks in the region. Today, ABK proudly stands for […]

KFH, KCB sign protocol agreement for e-payments

Posted by on 22/05/2017
Filed under Business

KFH, KCB sign protocol agreement for e-payments

KFH, KCB sign protocol agreement for e-payments

KUWAIT: Kuwait Finance House (KFH) and Kuwait Credit Bank (KCB) have signed a protocol agreement for electronic payments, where KFH customers can pay their installments to KCB through KFH website. This facilitates banking transactions for KFH customers that benefit from KCB services. KFH Group CEO, Mazin Al-Nahedh and Vice-Chairman and Director General of KCB Salah […]

Noor Capital Markets holds seminar, panel discussion

Posted by on 22/05/2017
Filed under Business

Noor Capital Markets holds seminar, panel discussion

Noor Capital Markets holds seminar, panel discussion

Bloomberg analyst Atesan enriches seminar with insights KUWAIT: An interesting seminar was held by Noor Capital Markets about “How to become a successful investor”  in which they tackled vital subjects. The main speaker Omar Atesan is a well-known Bloomberg analyst with a long history in portfolios’ management and international markets. Atesan introduced a proficient analysis […]

Warba Bank wins 2 awards from Banker Middle East

Posted by on 21/05/2017
Filed under Business

Warba Bank wins 2 awards from Banker Middle East

Warba Bank wins 2 awards from Banker Middle East

‘Best Corporate Bank in Kuwait’, ‘Best Investment Bank in Kuwait’ KUWAIT: Warba Bank’s corporate and investment banking efforts have resulted in the bank winning two prestigious awards from Banker Middle East, namely: “Best Corporate Bank in Kuwait” and “Best Investment Bank in Kuwait” for 2017.? These awards are the result of the bank’s pursuit of […]

KFH: Long-term investment plans achieve great success

Posted by on 21/05/2017
Filed under Business

KFH: Long-term investment plans achieve great success

KFH: Long-term investment plans achieve great success

KUWAIT: Kuwait Finance House (KFH)’s long-term investment plans “Jameati”, “Rafaa”, “Enjaz” and “Thimar” have achieved great success. KFH offered the total amount saved added to the investment profits to many customers who hold investment plans at the bank. The customers expressed their appreciation to KFH in recognition of the innovation of the investment products that […]

Belt and Road forum points clear way for future cooperation

Belt and Road forum points clear way for future cooperation

Posted by on 21/05/2017
Filed under Business

Belt and Road forum points clear way for future cooperation

KUWAIT: Chinese State Councilor Yang Jiechi said on Wednesday the just concluded Belt and Road Forum for International Cooperation outlined the roadmap for the success of the Belt and Road Initiative and pointed a clear way for future cooperation. Yang said in an interview that the forum, which was held in Beijing on Sunday and […]

Faith Capital Holding Acquires Masbagti – Acquisition Empowers Masbagti to Earn a New Vision & Expand across the GCC

Posted by on 21/05/2017
Filed under Business, Top Stories

Faith Capital Holding Acquires Masbagti – Acquisition Empowers Masbagti to Earn a New Vision & Expand across the GCC

Faith Capital Holding Acquires Masbagti – Acquisition Empowers Masbagti to Earn a New Vision & Expand across the GCC

Kuwait :Faith Capital Holding, a Kuwait based venture capital fund that focuses on young, e-commerce businesses in the GCC, announces its acquisition of Masbagti, the 1st e-marketplace for laundries that empowers local businesses to embrace mobile technology. The acquisition of Masbagti represents Faith Capital Holding’s strategy & is its first transaction. The two combined entities […]

Trump’s trade rep brings ‘America First’ to APEC

Posted by on 20/05/2017
Filed under Business, Top Stories

Trump’s trade rep brings ‘America First’ to APEC

Trump’s trade rep brings ‘America First’ to APEC

HANOI: US President Donald Trump’s new trade representative held his first face-to-face meetings with some key partners yesterday as the United States charts an “America First” policy that has upended the old global order and sparked fears of protectionism. Robert Lighthizer met ministers from Canada and Japan on the sidelines of a gathering of Asia-Pacific […]

Malaysia economy grows at fastest pace in two years

Posted by on 19/05/2017
Filed under Business, Top Stories

Malaysia economy grows at fastest pace in two years

Malaysia economy grows at fastest pace in two years

KUALA LUMPUR: Malaysia’s economy grew at its fastest pace in two years during the first quarter, the central bank said yesterday, boosted by stronger domestic demand and a pick-up in exports. Southeast Asia’s third-biggest economy expanded 5.6 percent on-year in January-March period, compared with 4.1 percent in the same period last year and 4.5 percent […]

Boursa Kuwait ends trading in red zone

Posted by on 18/05/2017
Filed under Business, Kuwait, Other News

Boursa Kuwait ends trading in red zone

Boursa Kuwait ends trading in red zone

KUWAIT: Trading at Boursa Kuwait ended yesterday’s trading in the red zone with the benchmark down by 6.29 points to settle at 6,725.78 points.  The weighted index went down by 1.49 points to stand at 403.64, whereas the KSX 15 index shed 6.45 points to read at 919.44 points. The value of shares was at […]

Women think men are better investors

Posted by on 18/05/2017
Filed under Business

Women think men are better investors

Women think men are better investors

NEW YORK: Many men and women think men are the better investors. They’re wrong. After checking how 8 million of its customers did during 2016, Fidelity Investments found that women earned 6.4 percent on their portfolios. Its male customers made slightly less: 6 percent. The difference in performance is small, and it’s always dangerous to […]

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