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FINANCE & ECONOMY

Kuwait calls for investing in youth to counter extremism, crimes

April 24, 2018

Kuwait calls for investing in youth to counter extremism, crimes

Kuwait has called for further investing in youth's education and capacity building to safeguard youth from criminal networks and extremist groups.
It is important to invest more in youth to build their potential and inculcate principles and values that stand as a bulwark against their exploitation by the networks of corruption and extremism, UN Permanent Delegate to the UN Ambassador Mansour Al-Otaibi"... Continue Reading

Kuwait, Oman to see fastest growth in 2019

April 24, 2018

Kuwait, Oman to see fastest growth in 2019

IMF kept global growth estimates for the current year and next year stable in its World Economic Outlook (WEO) released in April 18, from its last update in January 18. Real GDP growth projections for 2018 and 2019 are expected to come in at 3.9% each year, but the IMF altered regional growth estimates from their January 18 estimates.

Global"... Continue Reading

Kuwait Airways denies airlines' maintenance termination

April 24, 2018

Kuwait Airways denies airlines' maintenance termination

Kuwait Airways Monday denied reported termination of maintenance services it was offering for other airlines in and outside the State of Kuwait.
It explained the European Aviation Safety Agency (EASA) informed Kuwait Airways it was suspending its maintenance services for engines and equipment of other airlines subjected to EASA's regulations.
Kuwait Airways will thus need to adjust technical"... Continue Reading

Kuwait bourse edges lower; volume jumps

April 24, 2018

Kuwait bourse edges lower; volume jumps

Kuwait stocks edged lower on Monday as it extended its losing streak to fifth consecutive session. The All Shares Index fell 3.84 pts in volatile trade to 4,785.09 points even as the trading floor mood remained broadly mixed. The Premier Market took in 2.87 pts to close at 4,779.27 points while Main market dipped 15.97 points to 4,794.57 pts. The volume turnover meanwhile rebounded following Sunday plunge.

"... Continue Reading

Equity and bond investors getting contradictory signals

April 24, 2018

Equity and bond investors getting contradictory signals

Somehow investors have accepted the return of market volatility that started back in January this year. This is somehow back to normality. However, the big question is, can investors live with a challenging macro environment that could impact bonds and equities in the coming months. Investors should assess the trading risks and opportunities in equities and bonds for the coming months. The global economic"... Continue Reading

Applebee’s® Grill Celebrates 15 Years In KSA With Grand Opening Of New Applebee’s Exit 5 Location In Riyadh, Planned For April 16

April 24, 2018

Applebee’s® Grill Celebrates 15 Years In KSA With Grand Opening Of New Applebee’s Exit 5 Location In Riyadh, Planned For April 16

Parent Company Dine Brands Global Inc. CEO Steve Joyce to Cut Ribbon, Officially Opening 23rd Location in KSA

Applebee’s®, the quintessential American neighborhood grill where there’s always a reason to celebrate, will be celebrating"... Continue Reading

KIB reports KD 7.7mn net profit for Q1

April 23, 2018

KIB reports KD 7.7mn net profit for Q1

Kuwait International Bank (KIB) reported a net profit attributable to shareholders of KD 7.7 million at the end of the first quarter of 2018. Net profit increased by 1.5 percent, or KD 0.1 million, as compared to the same period of last year.

In his statement, Chairman of KIB, Sheikh Mohammed Jarrah Al-Sabah, stated: “KIB’s"... Continue Reading

Kuwait reaffirms backing to Arab water coop.

April 23, 2018

Kuwait reaffirms backing to Arab water coop.

The State of Kuwait has always been eager to promote and consolidate water cooperation among Arab, mainly Gulf, countries, a senior Kuwaiti official said on Sunday.
There are serious steps on the part of Gulf countries to launch water connectivity; including relevant regulatory resolutions, Undersecretary of the Kuwaiti Ministry of Electricity and Water Mohammad Bushehri told a news conference to announce"... Continue Reading

Global shareholders approve 5% cash dividend for 2017

April 23, 2018

Global shareholders approve 5% cash dividend for 2017

Global Investment House (“Global” or the “Company”), a regional asset management and investment banking firm headquartered in Kuwait, with offices in major capital markets in the MENA region, held today its Annual General Meeting.

The shareholders approved all the agenda items including the Board of Director’s"... Continue Reading

Kuwait equities drop in lacklustre session – Ooredoo tumbles 40 fils; KIPCO flat

April 23, 2018

Kuwait equities drop in lacklustre session – Ooredoo tumbles 40 fils; KIPCO flat

Kuwait stocks slipped into red on Sunday extending its losses to fourth straight session. The All Shares Index fell 8.55 points in lackluster trade to 4788.93 pts weighed by Ooredoo even as the broader market remained mixed. The Premier Market rose 3.21 pts to 4,776.40 pts whereas Main Market shed 28.83 pts.

The volume turnover"... Continue Reading

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