August 16th, 2018 | 0 commentsAl Massaleh Real Estate (Massaleh) on Wednesday posted a 133.6% year-on-year hike in losses for the second quarter of 2018. Net losses amounted to KWD 1.28 million ($4.23 million) in Q2-18, compared to KWD 548,040 ($1.81 million) in Q2-17, according to the firm’s statement to Boursa Kuwait. For the first half of 2018, the company’s losses...
August 16th, 2018 | 0 commentsAdvanced Technology (ATC) on Wednesday reported a 0.83% year-on-year growth in its profits for the second quarter of 2018. Net profits amounted to KWD 1.21 million ($4 million) in Q2-18, compared to KWD 1.2 million ($3.96 million) in Q2-17, according to the company’s statement to Boursa Kuwait. For the first half of 2018, the firm’s profi...
August 16th, 2018 | 0 commentsThe Kuwait Petroleum Corporation (KPC) has reported a net profit of KWD 2 billion ($6.587 billion) in the fiscal year of 2017/2018. The company’s revenue recorded KWD 20.6 billion in FY17/18, according to Annahar newspaper. Meanwhile, KPC’s expenses reached KWD 18.6 billion in the last 12 months. -MUBASHER
August 16th, 2018 | 0 commentsThe indices of Boursa Kuwait closed Wednesday’s trading session with a negative note, as the All-Share Market Index went down 0.23%, while the Premier Market Index and the Main Market Index, which levelled down 0.11% and 0.48%, respectively. Boursa Kuwait’s turnover went down by 30.3% to KWD 12.18 million on Wednesday from approximately K...
August 16th, 2018 | 0 commentsWarba Bank on Wednesday announced that it has received Capital Markets Authority’s (CMA) an initial approval and renewable engagement in certain securities activities. The bank is working on fulfilling licensing requirements of the following securities activities, namely investment portfolio manager, collective investment scheme manager,...
August 16th, 2018 | 0 commentsAl Mudon International Real Estate (Al Mudon) on Wednesday posted a 5.5% year-on-year increase in losses for the second quarter of 2018. Net losses amounted to KWD 21,060 ($69,540) in Q2-18, compared to KWD 19,970 ($65,940) in Q2-17, according to the company’s statement to Boursa Kuwait. For the first half of 2018, the firm’s losses decli...
August 16th, 2018 | 0 commentsA subsidiary of Al Imtiaz Investment Group has acquired a GCC-based company in consideration of KWD 21.6 million ($71.3 million). The acquired company is operating in software solutions and information technology in a GCC country, according to a bourse statement. This transaction is part of KWD 42 million package of acquisitions, Al Imtia...
August 15th, 2018 | 0 commentsThe Kuwaiti cabinet yesterday reviewed a recommendation by the public service committee to provide services to Wafra residential area, along with relevant procedures jointly taken by the Public Authority for Housing Welfare and other concerned agencies. Meanwhile, the Ministry of Education was instructed to provide the required school fac...
August 15th, 2018 | 0 commentsKuwait Company for Process Plant Construction and Contracting (KCPC) recorded a leap of 541.7% in profits during the second quarter of 2018 compared to the same period in the prior year. Earnings increased to KWD 1.36 million ($4.5 million) in Q2-18 from about KWD 211,950 ($699,800) in Q2-17, according to a bourse filing on Tuesday. From...
August 15th, 2018 | 0 commentsJazeera Airways posted a decline of 23.6% in profits during the second quarter of 2018 compared to the same period in the prior year, according to an official statement on Tuesday. The airline company recorded KWD 1.8 million ($5.94 million) net profits in Q2-18, with operating revenues increasing 43.3% to KWD 20.1 million. During the fir...
