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Inside Qatar’s ‘gas capital of the world’

Posted by on 23/02/2017
Filed under Business, Middle East, World

Inside Qatar’s ‘gas capital of the world’

Inside Qatar’s ‘gas capital of the world’

One of the most significant industrial sites on the planet RAS LAFFAN: Perched on a northern tip of Qatar, about an hour’s drive from the gleaming capital Doha and at the end of “Route 77” stands the secretive city of Ras Laffan. Behind its closely guarded gates, Ras Laffan is home to 30,000 people, the […]

Nearly 7 in 10 employers in Kuwait plan to hire this year

Posted by on 22/02/2017
Filed under Business, Kuwait, Other News

Nearly 7 in 10 employers in Kuwait plan to hire this year

Nearly 7 in 10 employers in Kuwait plan to hire this year

According to Bayt.com and YouGov Survey KUWAIT: The latest Middle East Job Index Survey, compiled by the Middle East’s leading job site, Bayt.com, and research and consulting group, YouGov, has revealed that many employers are planning to hire soon within the Middle East and North Africa (MENA). In Kuwait, in particular, nearly seven in 10 […]

Jazeera Airways raises the Kuwaiti flag high

Posted by on 22/02/2017
Filed under Business

Jazeera Airways raises the Kuwaiti flag high

Jazeera Airways raises the Kuwaiti flag high

KUWAIT: JAZEERA Airways, the first private airline in Kuwait and the Middle East has embellished an aircraft from their fleet and dedicated gates at Kuwait International Airport with the national colors of patriotism to commemorate Kuwait’s National and Liberation days. During the most celebrated month of the year, the Airbus with registration CAJ is furnished […]

Croatia’s Reaktor signs joint venture with Kuwaiti tech provider AEA Manufacture

Posted by on 22/02/2017
Filed under Business

Croatia’s Reaktor signs joint venture with Kuwaiti tech provider AEA Manufacture

Croatia’s Reaktor signs joint venture with Kuwaiti tech provider AEA Manufacture

KUWAIT: With the recent visit of the Croatian president to the State of Kuwait to His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah two companies playing in the innovation and engineering market segment signed Joint Venture. AEA Manufacture, one of the first IoT manufacturers in Kuwait and one of the top innovation and engineering […]

Ahli United Bank BSC (AUB) net profit surges by 6.2% to $570.6 million

Posted by on 21/02/2017
Filed under Business

Ahli United Bank BSC (AUB) net profit surges by 6.2% to $570.6 million

Ahli United Bank BSC (AUB) net profit surges by 6.2% to $570.6 million

KUWAIT: Ahli United Bank BSC (AUB) reported a net profit attributable to its equity shareholders of $570.6 million for the year 2016, representing a growth of 6.2 percent compared to a net profit of $ 537.2 million in 2015. The net profit in Q4/2016 was $ 128.5 million as compared to $ 118.0 million in […]

ITS Group appoints Essam Al-Khashnam as CEO

Posted by on 21/02/2017
Filed under Business

ITS Group appoints Essam Al-Khashnam as CEO

ITS Group appoints Essam Al-Khashnam as CEO

KUWAIT: International Turnkey Systems Group (ITS), affiliated to Kuwait Finance House (KFH) announced the appointment of Kuwaiti national, Essam Al-Khashnam as Chief Executive Officer. This comes in line with the company’s efforts to improve its businesses and services in the Middle East and the world, not to mention to achieve further milestones in providing high […]

HTC to unveil new smartphones in Kuwait

Posted by on 21/02/2017
Filed under Business

HTC to unveil new smartphones in Kuwait

HTC to unveil new smartphones in Kuwait

HTC U Ultra and HTC U Play challenge everything that people expect from smartphones KUWAIT: HTC, a global leader in mobile innovation and design, unveiled its new smartphone series, HTC U with two new models, the HTC U Ultra, which is a flagship phone and HTC U Play. Incomparably beautiful to look at and hold […]

CREC opens The Lobby project at Symphony Style Mall

Posted by on 21/02/2017
Filed under Business

CREC opens The Lobby project at Symphony Style Mall

CREC opens The Lobby project at Symphony Style Mall

Project to support small Kuwaiti businesses: Al-Aryan KUWAIT: The Commercial Real Estate Company and on behalf of its Chairman Abdulfattah M R Marafie officially opened its unique Lobby project to support small business youth on Monday in the presence of the company’s representatives, business owners and tenants of The Lobby at Symphony Style Mall. With […]

Regional stocks to be highest performing asset class in 2017

Posted by on 21/02/2017
Filed under Business

Regional stocks to be highest performing asset class in 2017

Regional stocks to be highest performing asset class in 2017

Annual Middle East Societies Market Sentiment Survey 2017 by CFA KUWAIT: CFA Institute, the global association of investment professionals, revealed the results of its annual Middle East Societies Market Sentiment Survey at a press conference ahead of its Middle East Investment Conference (MEIC), to be held in Abu Dhabi on February 23, 2017.  The survey […]

Ooredoo Kuwait net profit up by 75% y-o-y

Posted by on 20/02/2017
Filed under Business

Ooredoo Kuwait net profit up by 75% y-o-y

Ooredoo Kuwait net profit up by 75% y-o-y

Customer base grows by 6% to 25 million – Dividend of 85 fils recommended KUWAIT: National Mobile Telecommunications Company KSCP: NMTC (Ooredoo), a member of Ooredoo Group, announced yesterday its financial results for the year 2016: Financial Highlights * Total customer base increased by 6 percent to 25.2 million in 2016, compared to 23.8 million […]

KAMCO real estate fund wins ‘Best Real Estate Fund, Kuwait’ award

Posted by on 20/02/2017
Filed under Business

KAMCO real estate fund wins ‘Best Real Estate Fund, Kuwait’ award

KAMCO real estate fund wins ‘Best Real Estate Fund, Kuwait’ award

Recognition from International Finance Magazine KUWAIT: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, announced that KAMCO’s Real Estate Yield Fund has been awarded the “Best Real Estate Fund – Kuwait” in 2016 from International Finance Magazine (“IFM”), a renowned financial publication that recognizes and honors individuals, […]

NBK Capital acts as global coordinator for EQUATE Sukuk

Posted by on 20/02/2017
Filed under Business

NBK Capital acts as  global coordinator for EQUATE Sukuk

NBK Capital acts as global coordinator for EQUATE Sukuk

KUWAIT: Watani Investment Co K.S.C.C. (NBK Capital) acted as Global Coordinator and Joint Arranger in the establishment of Equate Sukuk SPC Limited’s (EQUATE SPC) $ 2.0 billion Trust Certificate (Sukuk) Issuance Program and its debut $ 500 million 7-year Sukuk offering, maturing in February 2024. EQUATE SPC is a wholly owned subsidiary of EQUATE Petrochemical […]

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