China’s billionaires overtake US: Survey – Turning point for the super-wealthy

SHANGHAI: The number of billionaires in China has overtaken that of the United States for the first time, an annual survey said yesterday, calling...

KNPC signs $13bn Zour contracts

KUWAIT: The Kuwait National Petroleum Company yesterday signed contracts worth $13.2 billion with international firms to build a refinery said to be the state's...

NBK reports net profits of KD 227.9m for 9M 2015

KUWAIT: National Bank of Kuwait (NBK) reported net profits of KD 227.9 million ($754.5 million) for the first nine months of 2015 compared with...

Kuwait oil price falls to $46.56 pb

KUWAIT: Kuwait oil price dropped $1.06 to $46.56 per barrel in Monday’s trades from $47.62 pb on Friday, according to Kuwait Petroleum Corporation (KPC)....

Boubyan reports net profit of KD 25 million for 9 months – Net profit...

KUWAIT: Boubyan Bank witnessed an increase in its net profit by 24 percent during the first nine months of the current year, amounting to...

Poverty expert Angus Deaton wins Nobel Economics Prize

STOCKHOLM: US-British economist Angus Deaton won the Nobel Economics Prize yesterday for ground-breaking work using household surveys to show how consumers, particularly the poor,...

Dell to buy EMC in record $67bn deal – Record tech tie-up to speed...

NEW YORK: Dell said yesterday it was buying EMC, the world’s largest data-storage provider, for $67 billion in a record tech tie-up to accelerate...

Oil glut, equity market concerns weigh on oil – NBK ECONOMIC REPORT

KUWAIT: The volatility that characterized oil markets in late August gave way to a more settled period in September, with benchmark crudes, Brent and...

GlassPoint’s Miraah project a great opportunity for Kuwait: Official

KUWAIT: GlassPoint Solar is participating in the 2nd Kuwait Oil and Gas Show (KOGS) taking place from October 11-14 at Kuwait International Fairgrounds in...

Solar-powered oil production can strengthen energy security – GlassPoint showcases solar enhanced oil recovery...

KUWAIT: GlassPoint Solar, the global leader in solar enhanced oil recovery (EOR), is showcasing its innovative solar steam technology at the Society of Petroleum...

Wadhawan wins Business Leadership Award

KUWAIT: S Kumar Wadhawan, Chairman of Samara Group, won Business Leadership Excellence Award at the World Leadership Congress (WLC) which was concluded on October...

Burgan Bank’s Airport working hours during Hijri New Year holiday

KUWAIT: Burgan Bank announced yesterday that its airport branch will resume normal working hours during the upcoming Hijri New Year Holiday from 8:00 am...

E Paper

18th April