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Kuwait banks drive earnings growth in H1 15 – NBK ECONOMIC REPORT

Posted by on 24/08/2015
Filed under Business

Kuwait banks drive earnings growth in H1 15 – NBK ECONOMIC REPORT

Kuwait banks drive earnings growth in H1 15 – NBK ECONOMIC REPORT

KUWAIT: Financial results for corporates listed on the KSE revealed strong growth in banking, real estate and financial services sectors during the first half of 2015, though overall results were more mixed. Weakness in telecommunication and oil and gas companies offset the robust growth seen in other sectors. As a result, aggregate profits were up […]

Great fall of China sinks world stocks – Shanghai loses 9%, Dow opens more than 1,000 points lower

Posted by on 24/08/2015
Filed under Asia, Business, Top Stories, World

New warrior to arrive in Kuwait today

Posted by on 24/08/2015
Filed under Business

New warrior to arrive in Kuwait today

New warrior to arrive in Kuwait today

KUWAIT: Mohamed Naser Al-Sayer Sons and Toyota Motor Corporation will reveal today the new Warrior in Kuwait. This trademark has earned reputation for its phenomenal build quality, sophistication and quality of engineering. New Warrior redefines everything- you will feel the toughness and experience the comfort. You may test drive the new Warrior today (August 25, […]

Kuwait stocks plunge as oil prices plummet

Posted by on 23/08/2015
Filed under Business, Kuwait, Other News

Kuwait stocks plunge as oil prices plummet

Kuwait stocks plunge as oil prices plummet

KUWAIT: Stock prices in Kuwait and the Gulf states nosedived yesterday in a massive market sell-off sparked by descending oil prices with the Saudi and Dubai bourses leading the slide. The Kuwait Stock Exchange shed 2.36 percent yesterday to 5,909 points on the first session of the week. Saudi Arabia’s relentless selling was sparked by […]

Dollar drops as global growth concerns fuel risk aversion – NBK’S WEEKLY MONEY MARKET REPORT

Posted by on 23/08/2015
Filed under Business

Dollar drops as global growth  concerns fuel risk aversion  – NBK’S WEEKLY MONEY MARKET REPORT

Dollar drops as global growth concerns fuel risk aversion – NBK’S WEEKLY MONEY MARKET REPORT

KUWAIT: The US Dollar dropped against most of its major counterparts as minutes of the Federal Reserve Open Market Committee showed that subdued inflation outlook and weakness in the global economy could still pose risks to the US economic outlook. The minutes combined with disappointing unemployment claims and low inflation figures dampened expectations of a […]

Mideast markets drop, Dubai falls 7% – Fitch cut to Saudi outlook, losses total 18% this month

Posted by on 23/08/2015
Filed under Business

Mideast markets drop, Dubai falls 7% – Fitch cut to Saudi outlook, losses total 18% this month

Mideast markets drop, Dubai falls 7% – Fitch cut to Saudi outlook, losses total 18% this month

DUBAI: Major Middle Eastern stock markets plunged in relentless selling yesterday because of sliding oil prices, a decision by Fitch Ratings to cut its outlook for Saudi Arabia’s debt, and Friday’s sharp losses on Wall Street. Dubai suffered its biggest one-day fall since last December, with its main index tumbling 7.0 percent to 3,451 points, […]

Boubyan Bank launches Tap & Pay Credit Cards with MasterCard & VISA

Posted by on 23/08/2015
Filed under Business

Boubyan Bank launches Tap & Pay Credit Cards with MasterCard & VISA

Boubyan Bank launches Tap & Pay Credit Cards with MasterCard & VISA

KUWAIT: In a qualitative leap which reinforces its leadership in the market of retail banking services, Boubyan Bank has announced the launch of (Visa & MasterCard) credit cards with the Tap & Pay feature embedded therein for the first time in Kuwait. Such cards are characterized by the ease of use in payments to any […]

Global slowdown hammers US stocks – Biggest drop in nearly four years

Posted by on 22/08/2015
Filed under America, Business, Top Stories, World

KSE ends week in red zone – AL BAYAN INVESTMENT REPORT

Posted by on 22/08/2015
Filed under Business

KSE ends week in red zone – AL BAYAN INVESTMENT REPORT

KSE ends week in red zone – AL BAYAN INVESTMENT REPORT

KUWAIT: Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 6,052.63 points, down by 3.94% from the week before closing, the Weighted Index decreased by 3.65% after closing at 402.80 points, whereas the KSX- 15 Index closed at 966.98 points down by 3.52%. Furthermore, last week’s average daily […]

Kuwait govt approves series of projects worth KD3 billion – Government plans to generate 15% of energy via renewable sources

Posted by on 16/08/2015
Filed under Business, Kuwait, Other News, Top Stories

Kuwait govt approves series of projects worth KD3 billion – Government plans to generate 15% of energy via renewable sources

Kuwait govt approves series of projects worth KD3 billion – Government plans to generate 15% of energy via renewable sources

KUWAIT: Kuwait has approved the construction of a series of power plants, desalination facilities and other infrastructure projects worth a total of around 3 billion Kuwaiti dinars ($9.9 billion), the finance ministry said yesterday. Like neighboring Gulf countries, Kuwait is struggling to meet soaring demand for electricity and the planned projects will add around 3,580 […]

IMF role in Greek rescue raises risks for Merkel – Bild daily says up to 120 conservatives could rebel

Posted by on 16/08/2015
Filed under Business, Top Stories

IMF role in Greek rescue raises risks for Merkel – Bild daily says up to 120 conservatives could rebel

IMF role in Greek rescue raises risks for Merkel – Bild daily says up to 120 conservatives could rebel

BERLIN: German Chancellor Angela Merkel will ask lawmakers to back an 86 billion euro ($95.5 billion) bailout for Greece at a special session of parliament on Wednesday despite uncertainty about whether the International Monetary Fund (IMF) is on board. Parliamentary approval is not in doubt because the Social Democrats (SPD) and Greens are expected to […]

Indian court overturns Nestle noodle ban, orders new tests

Posted by on 14/08/2015
Filed under Business, Europe, Subcontinent, Top Stories, World