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 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 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...
February 14th, 2019 | 0 commentsThe National Assembly’s budgets committee said yesterday that expatriates are still a majority in senior judiciary jobs and called on the government to employ more citizens in such key professions. The committee said the ministry of justice has so far failed to achieve the required target in replacing expatriates with Kuwaitis in top judi...
February 14th, 2019 | 0 commentsKuwait Insurance achieved an increase of 10.7% in profits during fiscal year 2018 compared to the previous year. Earnings grew to KWD 8.97 million ($29.6 million) in FY18 from KWD 8.1 million ($26.7 million) in the prior year, according to a bourse statement on Wednesday. During the fourth quarter of 2018, the insurance firm recorded a su...
February 14th, 2019 | 0 commentsAl Salam Group Holding announced that its subsidiary was awarded a tender valued at KWD 7.83 million ($25.8 million), according to a bourse statement on Wednesday. The 51%-owned unit Al Sari National General Trading and Contracting won the tender for a duration of five years. A return of 10% is expected to be realised from this tender, Al...
