July 29th, 2019 | 0 commentsHis Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received yesterday at Bayan Palace Speaker of the National Assembly Marzouq Ali Al-Ghanem and the visiting Speaker of the Council of Representatives of Iraq Mohammed Rikan Al-Halbousi and the accompanying delegation. His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber...
July 29th, 2019 | 0 commentsThe Public Anti-Corruption Authority (Nazaha) sent an interior ministry supervisor and others to the public prosecution. Official spokesman Mohammad Buzubar said the supervisor received undeserved money in 2016-2017 in violation of spending rules at the ministry, and facilitated public funds embezzlement and forged documents for others by...
July 29th, 2019 | 0 commentsMP Riyadh Al-Adasani, who was questioned by the public prosecution yesterday over a defamation lawsuit filed by a former lawmaker, threatened to grill Interior Minister Sheikh Khaled Al-Jarrah Al-Sabah. Adasani was sued by former MP Abdullah Al-Tameemi for saying he had received money from the premier’s office in aid for a Kuwaiti citizen...
July 29th, 2019 | 0 commentsThe shareholders of Kuwait Foundry approved distributing cash dividends as well as reducing the capital. The ordinary general meeting (OGM) approved the board’s recommendation of distributing KWD 10.92 million worth of cash dividend or 150 fils per share to the entitled shareholders, after calculating the capital-reduction amount, accordi...
July 29th, 2019 | 0 commentsKuwait Finance House (KFH) announced the opening of its third digital self- banking station ‘KFH-Go’ in Al Mangaf Co-op society. This new e-branch is enhanced with advanced equipment in addition to a wide range of technical and self-service devices, KFH said in a press release on Sunday. Planning to expand similar e-branches across Kuwait...
July 29th, 2019 | 0 commentsThe indices of Boursa Kuwait closed Sunday’s session higher for the third consecutive session in line with momentum in trading activity. The Main, All-Share, and Premier markets gained 1.11%, 0.72%, and 0.59%, respectively. Boursa Kuwait’s turnover grew to KWD 41.17 million on Sunday from KWD 31.92 million in the prior session, while the...
July 29th, 2019 | 0 commentsSultan Center Food announced that its 99%-owned subsidiary National Energy has signed a contract to sell its stake in two investments at a total value of $35 million. As part of a restructuring plan, National Energy will sell its full stake in Al Khorayef United Holding, representing 24% of Al Khorayef’s capital, in addition to exiting it...
July 29th, 2019 | 0 commentsThe United Projects Company for Aviation Services (UPAC) posted a year-on-year decline of 22.5% in profits during the second quarter of 2019. From April to June 2019, UPAC registered KWD 2.19 million ($12.73 million) worth of profits, compared to KWD 2.83 million ($9.31 million) in Q2-18, according to a bourse disclosure on Sunday. During...
July 29th, 2019 | 0 commentsBoursa Kuwait opened Sunday’s trading session on a positive note, backed by of the rising banking stocks. By 9:28 am Kuwait time, the Premier Market index added 0.44%, while the Main and All-Share Market indices levelled up 0.39% and 0.25%, respectively. Boursa Kuwait’s liquidity stood at KWD 11.44 million early Sunday after seeing a trad...
July 29th, 2019 | 0 commentsKAMCO Investment has acted as an issuance advisor and subscription agent in Kuwait Projects Holding’s (KIPCO) capital increase issue of 452.75 million shares, according to a company statement released on Saturday. “In line with our commitment to delivering on our promise to our clients and supporting them in achieving their strategic obje...
