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Saudi Arabia opens high-speed railway to public

Posted by on 11/10/2018
Filed under Business, Middle East, World

Saudi Arabia opens high-speed railway to public

Saudi Arabia opens high-speed railway to public

JEDDAH: Saudi Arabia’s new high-speed railway opened to the public yesterday, whisking Muslim pilgrims and other travelers between Makkah and Madinah, Islam’s holiest cities. The Haramain High Speed Rail system will transport passengers 450 kilometers via the Red Sea port of Jeddah at speeds of up to 300 kilometers per hour. Two trains, each carrying […]

Tight Kuwait bourse rules causes less delisted companies

Posted by on 10/10/2018
Filed under Business, Kuwait, Other News

Tight Kuwait bourse rules causes less delisted companies

Tight Kuwait bourse rules causes less delisted companies

KUWAIT: A number of Kuwaiti economists have concurred that stricter rules over primary and secondary listings on Kuwait’s stock exchange has caused less withdrawals on the part of companies, with only three pullouts this year. “The new measures require all listed companies to provide their financial statements no more than 90 days before the end […]

NBK reports KD 272.4m net profits for 9M

Posted by on 10/10/2018
Filed under Business

NBK reports KD 272.4m net profits for 9M

NBK reports KD 272.4m net profits for 9M

Al-Sayer: NBK continues delivering exceptionally strong results – 14.3% profit growth y-o-y KUWAIT: National Bank of Kuwait (NBK) reported net profits of KD 272.4 million ($898.7 million) for the first nine months of 2018 compared with KD 238.4 million ($786.4 million) for the same period in 2017, growing 14.3 percent year-on-year. NBK’s 3Q 2018 net […]

ZINC to partner with Erada Business Incubator to host GVA workshop

Posted by on 10/10/2018
Filed under Business

ZINC to partner with Erada Business Incubator to host GVA workshop

ZINC to partner with Erada Business Incubator to host GVA workshop

Aspiring Kuwaiti entrepreneurs encouraged to attend workshop on Oct 14 KUWAIT: The Zain Innovation Centre, ZINC is partnering with Growth Velocity Academy (GVA) in conjunction with Erada Business Incubator to deliver a 2-hour workshop titled “How to get your first 5,000 customers”. The workshop, hosted at ZINC, located at Zain Kuwait Head offices on Sunday […]

NBK Capital participates in Arab Net Kuwait conference

Posted by on 10/10/2018
Filed under Business

NBK Capital participates in Arab Net Kuwait conference

NBK Capital participates in Arab Net Kuwait conference

NBK Capital SmartWealth is eager to continue the financial innovation: Razooqi KUWAIT: NBK Capital, the region’s leading investment company, participated in the third edition of Arab Net Kuwait, which was held from 7 to 9 October under the patronage of Minister of Trade and Industry Khalid Al-Roudan. Leaders of government, digital workers and entrepreneurs in […]

Zain strategic partner of seventh Youth Empowerment Symposium

Posted by on 09/10/2018
Filed under Business

Zain strategic partner of seventh Youth Empowerment Symposium

Zain strategic partner of seventh Youth Empowerment Symposium

Under the patronage of HH the Amir Sheikh Sabah Al Ahmad Al Jaber Al Sabah KUWAIT: Zain, the leading telecommunications company in Kuwait, announced its strategic partnership of the Youth Empowerment Symposium for the seventh consecutive year. The event, which comes under the patronage of High Highness the Amir Sheikh Sabah Al Ahmad Al Jaber […]

Fitch Ratings affirms Gulf Bank rating at “A+” with ‘Stable’ Outlook

Posted by on 09/10/2018
Filed under Business

Fitch Ratings affirms Gulf Bank rating at “A+” with ‘Stable’ Outlook

Fitch Ratings affirms Gulf Bank rating at “A+” with ‘Stable’ Outlook

KUWAIT: Fitch Ratings has affirmed Gulf Bank’s Long-Term Issuer Default Rating at ‘A+’ with a ‘Stable’ Outlook. Fitch has also affirmed the Bank’s Viability Rating at ‘bb+’. According to the recently published Fitch Ratings commentary, Gulf Bank enjoys an adequate franchise, well managed liquidity, good delivery on strategic objectives, adequate asset quality and adequate capitalization, […]

Fed hikes rates amid robust data; eurozone’s growth weakens

Posted by on 09/10/2018
Filed under Business

Fed hikes rates amid robust data; eurozone’s growth weakens

Fed hikes rates amid robust data; eurozone’s growth weakens

Oil rally continues amid Trump’s accusations KUWAIT: After the turmoil in various emerging economies that rocked financial markets in August, global conditions were slightly firmer in September and early October, with the embattled Turkish lira staging a partial recovery following the announcement of the government’s support package, and crisis-hit Argentina securing additional bailout funds from […]

NBK-Saudi officially launches Al-Watani Wealth Management

Posted by on 09/10/2018
Filed under Business

NBK-Saudi officially launches Al-Watani Wealth Management

NBK-Saudi officially launches Al-Watani Wealth Management

Al-Sager: Opportunities are promising in Saudi market KUWAIT: Al-Watani Wealth Management Company, a subsidiary of NBK Group, has officially launched its operations in the Saudi market, offering investment funds management, discretionary portfolios management, deal arranging, advisory services, and custody arrangements. Last year, Al-Watani Wealth Management received necessary approvals from the Capital Market Authority of Saudi […]

A decade after the global financial crisis

Posted by on 09/10/2018
Filed under Business

A decade after the global financial crisis

A decade after the global financial crisis

KUWAIT: Ten years from the Global Financial Crisis (GFC), the global economy has recovered, as nominal GDP is slated to grow at a CAGR of 3.2 percent from $63.72 trillion in 2008 to $87.51 trillion in 2018. Emerging Markets have contributed more than 64 percent of the increase over the period, as per our analysis […]

Ooredoo Kuwait agrees to offer PMC for SAP software solution

Posted by on 08/10/2018
Filed under Business

Ooredoo Kuwait agrees to offer PMC for SAP software solution

Ooredoo Kuwait agrees to offer PMC for SAP software solution

Ooredoo gold sponsor of SAP NOW event in Kuwait KUWAIT: Ooredoo Kuwait announced yesterday an agreement with SAP (NYSE: SAP) to provide a partner-managed cloud for SAP software solutions. Ooredoo will offer an affordable, ready-to-use, subscription-based offering of SAP solutions in its private hosted cloud, enabling customers to access SAP software quickly and easily without […]

KFH takes part in IMF, WBG meetings in Indonesia

Posted by on 08/10/2018
Filed under Business

KFH takes part in IMF, WBG meetings in Indonesia

KFH takes part in IMF, WBG meetings in Indonesia

KUWAIT: Kuwait Finance House (KFH) is participating in the 2018 Annual Meetings of the International Monetary Fund and World Bank Group to be held in Bali, Indonesia. KFH High-level delegation headed by the Group CEO Mazin Al-Nahedh, in addition to the Bank’s leaders in different sectors is participating in these important meetings. KFH is keen […]