December 10th, 2018 | 0 commentsHH the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah said yesterday that “malicious media campaigns” will never succeed in unraveling the impenetrable bond shared by the Gulf Cooperation Council (GCC). Such efforts will be rendered futile given the bloc’s unyielding determination to remain united, he said during annual talks brin...
December 10th, 2018 | 0 commentsHis Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s speech at the 39th GCC Summit is a sincere call for restoring the Gulf bloc’s previous spirit, His Highness Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabah said in a statement yesterday. Commending His Highness the Amir’s speech, His Highness Prime Minister said that it...
December 10th, 2018 | 0 commentsKuwait Fund for Arab Economic Development (KFAED) has signed two credit facility agreements with the Egyptian government at a total valued of KWD 40 million on Saturday, according to the official website of Kuwait Fund. The first loan is worth KWD 15 million ($50 million) including funding construction of four water desalination plants in...
December 10th, 2018 | 0 commentsEffect Real Estate Co said that its losses enlarged by 237.3% during the third quarter ended on 31 October 2018 compared to the corresponding period a year ago. Losses deepened to about KWD 61,060 ($200,860) in Q3 ended on 31 October 2018 from nearly KWD 18,100 ($59,540) in the same period last year, according to a bourse disclosure on Su...
December 10th, 2018 | 0 commentsThe indices of Boursa Kuwait closed Sunday’s trading session with a mixed performance, as the Premier Market went up 0.12%, while both the Main and All-Share indices retreated 0.39% and 0.04%, respectively. Boursa Kuwait’s turnover declined to KWD 20.59 million on Sunday from KWD 30.32 million in the prior session after the trading volume...
December 6th, 2018 | 0 commentsUnder the patronage of His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Sabah and in cooperation with the Central Agency for Information Technology (CAIT), the 6th E-Government Forum (EGOV6) kicked off on Tuesday under the motto ‘Managing Transformation Towards Digitalization’ in the Al-Baraka Ballroom of Crowne Plaza hotel. The...
December 6th, 2018 | 0 commentsSecretary General of the Gulf Cooperation Council Abdullatif bin Rashid Al-Zayani yesterday delivered a written letter from Saudi King Salman bin Abdulaziz Al-Saud to HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, which included an invitation to attend the 39th session of the GCC Supreme Council scheduled on Dec 9. The Amir received...
December 6th, 2018 | 0 commentsThe Commercial Bank of Kuwait (CBK) has signed an agreement to settle an indebtedness and legal cases with Al Massaleh Real Estate over credit facilities provided by the CBK and have already reached maturity date. The settlement agreement was signed in return for a mortgage guarantee valued at a total of KWD 49.5 million, according to a b...
December 6th, 2018 | 0 commentsThe price of Kuwait’s crude oil increased by 43 cents to settle at $60.95 per barrel (pb) on Tuesday compared to $60.52 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices shrank on Tuesday in line with worries over a lower demand for crude oil. OPEC is expected to hold a m...
December 6th, 2018 | 0 commentsThe stock of Boubyan Bank gained 1.07% or 6 fils on Wednesday to reach 566 fils, the highest level since listing. By 12:25 pm Kuwait time, the rise of Boubyan Bank endorsed the banking segment to grow 0.53%, backing the Premier Market index to rise 0.51%. About 800,000 shares of Boubyan Bank were exchanged through 103 transactions at a va...
