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ABK appoints Al-Mutawa as GM of Wealth & Private Banking division

Posted by on 08/10/2018
Filed under Business

ABK appoints Al-Mutawa as GM of Wealth & Private Banking division

ABK appoints Al-Mutawa as GM of Wealth & Private Banking division

KUWAIT: Al-Ahli Bank of Kuwait (ABK) yesterday announced the appointment of Khaled Faisal Al-Mutawa as General Manager of its Wealth & Private Banking Division. Prior to his appointment at ABK, he was the General Manager of International Banking and Investments Group at Gulf Bank. He has also served as the interim General Manager of Risk […]

Sudan slashes value of its currency by half

Posted by on 07/10/2018
Filed under Africa, Business, World

Sudan slashes value of its currency by half

Sudan slashes value of its currency by half

Third devaluation this year as mounting economic crisis bites KHARTOUM: Sudan slashed the official value of its currency against the US dollar by more than half yesterday, the third devaluation this year in the face of a mounting economic crisis. The move came just weeks after President Omar Al-Bashir replaced the government over its failure […]

Under pressure India govt cuts fuel tax

Posted by on 04/10/2018
Filed under Business, Subcontinent, Top Stories, World

Under pressure India govt cuts fuel tax

Under pressure India govt cuts fuel tax

Marginal cut could ease pain of rising crude, weak rupee NEW DELHI: India is cutting prices of gasoline and diesel by 2.50 rupees ($0.03) a liter, Finance Minister Arun Jaitley said yesterday, the government’s latest step to tackle the impact of a sharp rise in crude oil prices and a weak currency. The cut includes […]

Aston skids on market debut; Kuwaiti now a billionaire

Posted by on 03/10/2018
Filed under Business, Top Stories

Aston skids on market debut; Kuwaiti now a billionaire

Aston skids on market debut; Kuwaiti now a billionaire

LONDON: James Bond’s favorite carmaker Aston Martin stalled yesterday after making a glitzy £4.3-billion ($5.6-billion) debut on the London stock market. Aston, which plays a starring role in the fictional British spy’s blockbuster films, turned on the glamour with its classic and modern day cars parked outside the London Stock Exchange in the heart of […]

Boursa Kuwait receives WFE membership

Posted by on 03/10/2018
Filed under Business

Boursa Kuwait receives WFE membership

Boursa Kuwait receives WFE membership

Another step towards market’s integration into global financial markets KUWAIT: Boursa Kuwait yesterday announced that the exchange has received a unanimous vote for admission as a full member of the World Federation of Exchanges (WFE), the global trade association for the operators of regulated securities exchanges. The vote was conducted during the recent 58th WFE […]

Boursa Kuwait’s segmentation will boost transparency: Expert

Posted by on 03/10/2018
Filed under Business

Boursa Kuwait’s segmentation will boost transparency: Expert

Boursa Kuwait’s segmentation will boost transparency: Expert

Capital market literacy to help bolster investor confidence KUWAIT: The three-tiered segmentation is a step forward for Boursa Kuwait’s commitment to strengthen its regional and international track-record in terms of best practices to uphold transparency in the market and bolster investor confidence, said Simon Culhane, Chartered FCSI chief executive. In an exclusive interview with Kuwait […]

Faith Capital closes multi-tranche seed round investment in Snapbook

Posted by on 03/10/2018
Filed under Business

Faith Capital closes multi-tranche seed round investment in Snapbook

Faith Capital closes multi-tranche seed round investment in Snapbook

Kuwaiti photo printing startup to boost its ongoing operations KUWAIT: Faith Capital announced yesterday the recent close of a multi-tranche $1.5m seed round of financing in Snapbook, a Kuwaiti photo printing startup, in order to bolster its ongoing operations and impressive growth with the aid of the Faith Capital team’s expansive professional resources and regional […]

Boursa Kuwait, CFA Institute to launch Boursa Academy

Posted by on 02/10/2018
Filed under Business

Boursa Kuwait, CFA Institute to launch Boursa Academy

Boursa Kuwait, CFA Institute to launch Boursa Academy

New partnership to introduce the fundamentals of investing to local investors KUWAIT: Boursa Kuwait entered into a Memorandum of Understanding (MoU) with CFA Institute aiming to educate the public on the fundamentals of investing in the stock market. The content will be derived from the CFA Institute Investment Foundations program and will be accessible via […]

Alghanim Industries to bring top international brands to Assima Mall

Posted by on 02/10/2018
Filed under Business

Alghanim Industries to bring top international brands to Assima Mall

Alghanim Industries to bring top international brands to Assima Mall

Alghanim reiterates company’s commitment to expand partnerships across Kuwait KUWAIT: Committed to its expansion strategy that aims to enrich the retail industry in Kuwait, Alghanim Industries, one of the largest privately owned companies in the region, announced that it will bring a number of the international brands it represents to Assima Mall, part of the […]

GCC equities flat despite oil boom in September

Posted by on 02/10/2018
Filed under Business

GCC equities flat despite oil boom in September

GCC equities flat despite oil boom in September

KUWAIT: Kuwait Financial Centre “Markaz” recently released its Monthly Markets Review report. Markaz report stated that Kuwait stock market continues to hog the limelight, as investors are upbeat on its inclusion in FTSE emerging market index, which officially took effect from September 24. There was a liquidity spike in the market on September 20. However, […]

NBK the only Kuwaiti bank among the world’s 50 safest banks in 2018

Posted by on 01/10/2018
Filed under Business

NBK the only Kuwaiti bank among the world’s 50 safest banks in 2018

NBK the only Kuwaiti bank among the world’s 50 safest banks in 2018

KUWAIT: National Bank of Kuwait (NBK) maintained its listing in The World’s 50 Safest Banks in 2018 list by Global Finance for the 13th consecutive time; topping international financial heavyweights. NBK is the only Kuwaiti bank in Global Finance’s list. According to the new ranking, NBK ranks 45st on Global Finance’s list of the World’s […]

KIF 2018 sheds light on lucrative investment opportunities in Kuwait

Posted by on 01/10/2018
Filed under Business

KIF 2018 sheds light on lucrative investment opportunities in Kuwait

KIF 2018 sheds light on lucrative investment opportunities in Kuwait

Kuwait Investment Forum showcases dynamic projects pipeline KUWAIT: Under the patronage and presence of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in March this year, the second edition of the Kuwait Investment Forum (KIF 2018) was held, which shed light on Kuwait’s dynamic market, and promoted a plethora of lucrative investment opportunities to […]