February 18th, 2019 | 0 commentsHis Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received yesterday at Bayan Palace His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and National Assembly Speaker Marzouq Al-Ghanem. His Highness the Amir also welcomed His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah and Kuwait’s C...
February 18th, 2019 | 0 commentsCyber security forms an integral component of national security plans, a senior government official said yesterday. Salim Al-Othaina, chief of the Communication and Information Technology Regulatory Authority (CITRA), made that statement in a speech delivered at the inauguration of the first Kuwait Cyber Security Conference kicked off yes...
February 18th, 2019 | 0 commentsNational Assembly Speaker Marzouq Al-Ghanem yesterday strongly defended Kuwait’s position on the Palestinian issue and lashed out at statements by some opposition groups that strongly criticized the government on this issue. Ghanem was commenting on reactions by MPs, activists and political groups that strongly criticized the presence of...
February 18th, 2019 | 0 commentsAgility Public Warehousing announced that it is currently in initial negotiations with the international Switzerland -based Panalpina logistics for considering available partnership agreements between the two entities in the logistics sector. Agility, listed on both Boursa Kuwait and the Dubai Financial Market (DFM), clarified that no fin...
February 18th, 2019 | 0 commentsIFA Hotels and Resorts announced that one of its subsidiaries was pledged a loan worth KWD 49.53 million ($163.1 million), according to a bourse statement on Sunday. The subsidiary will use the granted loan in repaying part of its indebtedness. IFA Hotels is a 43.22% subsidiary owned to International Financial Advisors (IFA), listed on bo...
February 18th, 2019 | 0 commentsThe indices of Boursa Kuwait closed Sunday’s trading session with a mixed performance, as both the All-Share and Main markets retreated 0.18% and 0.9%, respectively, while the Premier Market went up 0.13%. Liquidating and fluctuating activity in Boursa Kuwait on Sunday had negative impact on some of the stocks which reflected on both the...
February 18th, 2019 | 0 commentsAl Maidan Dental Clinic achieved an increase of 3.2% in profits during the first nine months that ended on 31 December 2018 when compared to the same period a year ago. Earnings grew to KWD 5.19 million ($17.1 million) in 9M-18 from KWD 5.03 million ($16.6 million) in 9M-17, according to a bourse statement on Sunday. The increase in 9M pr...
February 18th, 2019 | 0 commentsThe All-Share index of Boursa Kuwait started Sunday’s session 0.14% higher. By 9:15 am Kuwait time, both the Main and Premier markets added 0.05% and 0.17%, respectively. The telecom segment topped the gainers with 0.68%, while the consumer goods sector led the decliners with 1.26%. Marakez was the top winner with a rise of 8.96%, while I...
February 18th, 2019 | 0 commentsAgility Public Warehousing has reported an 18.4% year-on-year increase in net profit during 2018, recording KWD 81.1 million ($267 million). The Kuwait- and Dubai-listed company’s earnings per share (EPS) reached 56.06 fils, the Kuwait News Agency (KUNA) reported on Saturday. Net profit rose 15% to KWD 22.2 million during the fourth quart...
February 14th, 2019 | 0 commentsThe priority of Iranian foreign policy is to strengthen relations with neighboring countries. “We believe regional countries are able to achieve security and stability through cooperation without the need for foreign forces, as security cannot be imported from abroad. We call on the region’s countries to ensure its prosperity, and any con...
