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Kuwait’s total spending on energy projects to reach $100bn

Posted by on 11/08/2015
Filed under Business

Kuwait’s total spending on energy projects to reach $100bn

Kuwait’s total spending on energy projects to reach $100bn

KUWAIT: A wide range of construction industry topics delivered by renowned international industry speakers will be featured at the upcoming Big 5 Kuwait. The largest construction event is set to take place from September 14 – 16, 2015 at the Kuwait International Fair. Architects, Interior Designers, Consultants, Procurement Managers, Contractors, Real Estate Developers, Engineers, and […]

Gold records longest weekly losing streak since 1999

Posted by on 11/08/2015
Filed under Business

Gold records longest weekly losing streak since 1999

Gold records longest weekly losing streak since 1999

LONDON: Gold extended a recovery from recent lows yesterday as its resilience below $1,100 disappointed those expecting a deeper decline, but expectations that US interest rates could rise as early as September kept up pressure on prices. The metal has fallen in the second half of this year on the prospect of rising rates, which […]

Mohamed Naser Al-Sayer & Sons opens new Lexus Quick Service Ce

Posted by on 11/08/2015
Filed under Business

Mohamed Naser Al-Sayer & Sons opens new Lexus Quick Service Ce

Mohamed Naser Al-Sayer & Sons opens new Lexus Quick Service Ce

KUWAIT: Mohamed Naser Al Sayer & Sons, one of the Al Sayer Group Holding Companies announced the commencement of operations of the new Lexus service center facility located at Shuwaikh. Faisal Bader Al Sayer, Vice Chairman of Al Sayer Group cut the ribbon marking the inauguration of the brand new facility. Main attendees of the […]

KOC launches 3D exploratory survey project at Kuwait Bay

Posted by on 10/08/2015
Filed under Business, Kuwait, Other News

KOC launches 3D exploratory survey project at Kuwait Bay

KOC launches 3D exploratory survey project at Kuwait Bay

KUWAIT: Kuwait Oil Company (KOC) announced yesterday the start of the 3D exploratory survey project in Kuwait Bay near the city of Al-Jahra in cooperation with China National Petroleum Corporation (BGP). It is one of the largest three-dimensional surveys projects in the world and part of the company’s strategy for 2030 aimed to produce 65.3 […]

KAMCO announces financial results for H1 of 2015

Posted by on 10/08/2015
Filed under Business

KAMCO announces financial results for H1 of 2015

KAMCO announces financial results for H1 of 2015

KUWAIT: KAMCO Investment Company K.S.C. (Public), a leading investment company with one of the largest AUMs in the region and a winner of the prestigious Kuwait Asset Manager of the Year Award 2015, announced its financial results for the first half ended June 30, 2015. The company recorded a net profit of KD 145,000 with […]

KFH takes part in 15th Industrialists’ Conference as Diamond Sponsor

Posted by on 10/08/2015
Filed under Business

KFH takes part in 15th Industrialists’ Conference as Diamond Sponsor

KFH takes part in 15th Industrialists’ Conference as Diamond Sponsor

KUWAIT: The Gulf Organization for Industrial Consulting (GOIC) announced that Kuwait Finance House (Baytak) has joined the sponsors of the 15th Industrialists’ Conference “Foreign Direct Investment in GCC and its impact on industry” as Diamond Sponsor of this key event hosted by the State of Kuwait on the 25th and 26th of November, 2015. The […]

Emerging markets suffer in Greece’s shadow – Chinese slowdown hammers commodity prices

Posted by on 09/08/2015
Filed under Business, Top Stories

Emerging markets suffer in Greece’s shadow – Chinese slowdown hammers commodity prices

Emerging markets suffer in Greece’s shadow – Chinese slowdown hammers commodity prices

PARIS: Greece has been hogging headlines lately, but emerging markets have also had their share of tribulations with the Chinese stock market in convulsions and the Brazilian economy and currency hitting the skids. China’s stock exchange has been in free fall since mid-June, undergoing a 30-percent correction after having posted a dizzying 150 percent rise […]

How Southeast Asian economic zone could change the region

Posted by on 09/08/2015
Filed under Business, Top Stories, World

How Southeast Asian economic zone could change the region

How Southeast Asian economic zone could change the region

BANGKOK: The Association of Southeast Asian Nations, which yesterday marked 48 years since its establishment, aims to establish an economic community known as the AEC by the end of this year. Proponents say the ultimate goal is to allow free trade, investment and movement of workers between the 10 nations that make up the grouping. […]

Social media info should not drive KSE investors: Analysts

Posted by on 04/08/2015
Filed under Business, Kuwait, Other News

Social media info should not drive KSE investors: Analysts

Social media info should not drive KSE investors: Analysts

KUWAIT: Investors should not base their decisions at Kuwait Stock Exchange (KSE) on information gathered from social media outlets, analysts warned yesterday. In several statements to KUNA, financial analysts called on investors to gather data from actual listed companies instead of trading on assumption and rumors. Executive Vice President for Asset Management at Murabahat Investment […]

VIVA announces net profit of KD 21.6mn – Increase of 14% during H1 of 2015

Posted by on 03/08/2015
Filed under Business

VIVA announces net profit of KD 21.6mn – Increase of 14% during H1 of 2015

VIVA announces net profit of KD 21.6mn – Increase of 14% during H1 of 2015

KUWAIT: VIVA, Kuwait’s fastest-growing and most developed telecom operator, yesterday announced its financial results for the first half (H1) of 2015. The company delivered strong performance operational at all business levels with net profit of KD 21.6 million, an increase of 14% compared to the same period last year. These results are the culmination of […]

Land prices in Pakistani cities sky-rocket – Pakistan slum demolition drive exposes housing crisis

Posted by on 02/08/2015
Filed under Business, Subcontinent, Top Stories, World

Gold set for longest weekly losing streak since ’99

Posted by on 01/08/2015
Filed under Business, Top Stories