April 19th, 2018 | 0 commentsDeputy Premier and Defense Minister Sheikh Nasser Sabah Al-Ahmad Al-Sabah said yesterday that Kuwait’s 2035 vision with all the projects it includes is expected to create 200,000 jobs. The vision envisages a large number of development projects with a special focus on the Silk City and islands mega development projects, which are expected...
April 19th, 2018 | 0 commentsInjazzat Real Estate Development has signed a contract to purchase shares in a 70%-owned subsidiary. The deal value totals KWD 2.4 million, according to a bourse statement on Wednesday. Following this deal, Injazzat’s stake in the subsidiary will become 99.75%. A financial impact worth KWD 340,000 profit will reflect on the company’s inco...
April 19th, 2018 | 0 commentsThe ordinary general meeting (OGM) of Mezzan Holding Co approved the board’s recommendation of distributing 22% of the capital as a cash dividend for fiscal year 2017. Mezzan will pay 22 fils per share to the entitled shareholders, with a total value of KWD 6.8 million, according to a recent statement. In FY17, Mezzan posted a decline of...
April 19th, 2018 | 0 comments The indices of Boursa Kuwait started Wednesday’s trading session with a massive drop. By 9:41 am Kuwait time, as the All-Share Market index edged down 0.1%, the Main Market index retreated 0.14%, and the Premier Market index fell by 0.08%. The basic materials segment led the decliners with 0.46%, while the financial services sector toppe...
April 19th, 2018 | 0 commentsThe Main Market index closed Wednesday’s session 0.04% higher, while the indices of both the Premier Market and the All-Share Market retreated by 0.1% and 0.05%, respectively. Technology companies topped six gainers with 3.3%, followed by the oil and gas sectors with 0.97%. Meanwhile, the industrial segment led four decliners with 0.66%....
April 18th, 2018 | 0 commentsThe indices of Boursa Kuwait started Tuesday’s trading session with a mixed performance; the All-Share Market index edged down 0.03%, the Main Market index went down 0.14%. By 9:25am Kuwait time, the Premier Market index added 0.04% or 1.7 points to 4,781.71 points. Insurance companies led the decliners with 1.44%, while the technology se...
April 18th, 2018 | 0 commentsThe indices of Boursa Kuwait closed Tuesday’s trading session with a mixed performance, as the Main Market index edged down 0.5%, the All-Share Market index went down 0.15%, while the Premier Market index added 0.05% or 2.45 points to 4,782.44 points. Boursa Kuwait still need more liquidity as investors are hesitant to build new strong po...
April 18th, 2018 | 0 commentsNoor Financial Investment announced that it has received KWD 1.83 million ($6.11 million) from its investment in India. Noor noted that India Infrastructure Fund, in which Noor and its subsidiaries own an equity, has distributed the result of exiting a business, according to a bourse statement on Tuesday. The financial impact of this exit...
April 18th, 2018 | 0 commentsThe Central Bank of Kuwait (CBK) has issued bonds and securities worth KWD 240 million ($801.07 million). This bonds issue has a return of 2.25%, according to an official statement by the bank. The CBK noted that these bonds will have a maturity of three months ending on 17 July. It added that this bonds issuance was covered 7.63 times, w...
April 16th, 2018 | 0 commentsMP Omar Al-Tabtabaei is expected to file to grill Oil Minister Bakheet Al-Rasheedi for allegedly sending inaccurate answers to a series of questions about suspected corruption in the oil sector. Parliamentary sources said the lawmaker refused to receive the answers of the questions, as he found that the minister was trying to protect seni...
