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Safat Home presents cooking show featuring celebrity chef

Posted by on 05/04/2016
Filed under Business

Safat Home presents cooking show featuring celebrity chef

Safat Home presents cooking show featuring celebrity chef

KUWAIT: Safat Home collaborated with AHLAN! Magazine and X-cite and organized The Cooking Show on March 22nd at the Safat Home Shuwaikh showroom, starring none other than the renowned local celebrity chef Adlah Al Sharhan. It was an eventful night attended by culinary admirers, local media personalities and select invitees. Chef Adlah brought her culinary […]

Central Bank arranges to borrow KD 2 billion from local banks

Posted by on 04/04/2016
Filed under Business, Kuwait, Other News

Central Bank arranges to borrow KD 2 billion from local banks

Central Bank arranges to borrow KD 2 billion from local banks

KUWAIT: The general debt managing committee formed by the finance ministry gave the Central Bank the green light to arrange for borrowing KD 2 billion for the government, sources said, adding that the banks sought to contribute to this loan are local banks only. This loan will be in dinars and dollars, and its value […]

‘KAMCO’ ranked first in Kuwait for managing issuances of fixed income instruments

Posted by on 04/04/2016
Filed under Business

‘KAMCO’ ranked first in Kuwait for managing issuances of fixed income instruments

‘KAMCO’ ranked first in Kuwait for managing issuances of fixed income instruments

KUWAIT CITY: KAMCO Investment Company, a leading investment management company with more than USD 11 billion in assets under management, and winner of World finance “Best Investment Management Company in Kuwait 2015 Award’, was ranked among the top 15international lead managers and book runners in GCC and MENA Bonds, and the first in Kuwait according […]

Al Sayer & Sons win ‘outstanding customer service award’

Posted by on 04/04/2016
Filed under Business

Al Sayer & Sons win ‘outstanding customer service award’

Al Sayer & Sons win ‘outstanding customer service award’

KUWAIT: In recognition of its outstanding continuous performance over eight years in a row, Toyota Motor Corporation recognized Mohamed Naser Al Sayer and Sons (MNSS) one of the Al Sayer Group Holding Companies as an appreciation of the impressive successes and continuous outstanding achievements, by bestowing ‘Outstanding Customer Service Award’ for the 8th consecutive year […]

Gulf markets retreat as oil tumbles again

Posted by on 03/04/2016
Filed under Business

Gulf markets retreat as oil tumbles again

Gulf markets retreat as oil tumbles again

KUWAIT: Gulf stock markets retreated yesterday after Brent crude oil pulled back below $39 a barrel, while Egypt’s bourse erased early gains. Brent fell 3 percent last week, although it finished the first quarter up 6 percent. In response, Riyadh’s stock index fell 1.6 percent to a five-week low of 6,126 points, breaking technical support […]

Gold prices plummet to lowest level in 5 weeks

Posted by on 03/04/2016
Filed under Business

Gold prices plummet to lowest level in 5 weeks

Gold prices plummet to lowest level in 5 weeks

KUWAIT: Gold price dropped to USD 1,207 per ounce, the lowest level since five weeks ago, affected by US employment reports for March, said Sabaek Al-Kuwait Company yesterday. The American reports contributed to boosting the US dollar against major European currencies and precious metals, where the gold lost USD 30 of its price, dropping from […]

Avaya offers communications solutions with quick ROI – ‘Avaya VP offers insights on changes in technology, future business solutions’

Posted by on 03/04/2016
Filed under Business

Avaya offers communications solutions with quick ROI – ‘Avaya VP offers insights on changes in technology, future business solutions’

Avaya offers communications solutions with quick ROI – ‘Avaya VP offers insights on changes in technology, future business solutions’

Information Technology, especially communication technology, is a key business driver. Among one of the fast growing markets in Kuwait, where companies, large corporations, ministries and government departments are seeking means of streamlining communication in house and with stake holders. Kuwait Times spoke with Mohammed Areff, Vice President Middle East, Africa and Turkey for Avaya to […]

NBK Salary transfers will now only be processed online

Posted by on 03/04/2016
Filed under Business

NBK Salary transfers will now only be processed online

NBK Salary transfers will now only be processed online

KUWAIT: Starting from April 2016, National Bank of Kuwait (NBK) will only process online salary transfers. All NBK Business Banking customers, who did not yet register in NBK’s Salary Portal Service, are asked to visit NBK’s closest branch were Business Banking Relationship officer is available  in order to register and benefit from the fast and […]

Warba Bank Assembly approves financial statements – Operating income rises to KD 26.3 million

Posted by on 02/04/2016
Filed under Business

Warba Bank Assembly approves financial statements – Operating income rises to KD 26.3 million

Warba Bank Assembly approves financial statements – Operating income rises to KD 26.3 million

KUWAIT: Warba Bank is the fastest growing bank in Kuwait. It offers a variety of integrated Sharia-compliant investment banking services on both the local and international levels. Its General Assembly meeting was held in Hall No 4, Courtyard, Marriott at 11:30 am on Wednesday 30 March 2016. On the conclusion of that meeting the General […]

KIPCO on track to double its profits

Posted by on 02/04/2016
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KIPCO on track to double its profits

KIPCO on track to double its profits

KUWAIT: At its annual Investors’ Forum, KIPCO – the Kuwait Projects Company – said that while 2016’s difficult trading conditions are expected to result in revenue growth in the high single digits for KIPCO, the company remains on track to double its 2014 profits by 2018. This is driven by the continued growth of the […]

Philippines recovers sums stolen from Bangladesh

Posted by on 31/03/2016
Filed under Asia, Business, Subcontinent, World

Philippines recovers sums stolen from Bangladesh

Philippines recovers sums stolen from Bangladesh

MANILA: More than $4.5 million of tens of millions recently stolen from Bangladesh and funneled into Philippine casinos was recovered yesterday, as a lawmaker in Manila said almost half the haul could still be salvaged. On February 5, unidentified hackers shifted $81 million from the Bangladesh central bank’s account with the US Federal Reserve to […]

Kuwait and Korean firms seal $2.9 billion LNG deal – KPC, BP to explore opportunities in oil, gas, petrochemicals

Posted by on 30/03/2016
Filed under Business, Kuwait, Other News

Kuwait and Korean firms seal $2.9 billion LNG deal – KPC, BP to explore opportunities in oil, gas, petrochemicals

Kuwait and Korean firms seal $2.9 billion LNG deal – KPC, BP to explore opportunities in oil, gas, petrochemicals

KUWAIT: Kuwait yesterday inked a $2.93 billion contract with three South Korean firms for the construction of the largest Liquefied Natural Gas (LNG) import facility in the oil-rich country. The project, to be built at the Al-Zour refinery near the border with Saudi Arabia, was awarded to Hyundai Engineering Co, Hyundai Engineering & Construction Co […]