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 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 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 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...
July 29th, 2019 | 0 commentsThe National Bank of Kuwait (NBK) on Saturday signed a partnership agreement with the UAE-based transportation company Careem for online payment services, according to a bank statement. Under the agreement, the NBK will provide Careem’s customers with online payments for Careem’s car booking services."We are pleased to announce our latest...
July 10th, 2019 | 0 commentsThe indices of Boursa Kuwait started Tuesday’s trading session in green territory, as the All-Share, Premier, and Main markets added 0.05%, 0.01%, and 0.25%, respectively. By 9:25 am Kuwait local time, the telecom segment topped the gainers with 0.29%, while the basic materials sector led the decliners with 0.05%. Al Mal Investment was th...
July 10th, 2019 | 0 commentsThe indices of Boursa Kuwait closed Tuesday’s session higher, endorsed by the active trades in line with a growing demand for blue chips and operating stocks. The All-Share Market index added 1.31% or 78.64 points to close 6,096.03 at points. Similarly, both the Main and Premier markets went up 1.04% and 1.4%, respectively. Boursa Kuwait...
July 10th, 2019 | 0 commentsNet assets of Kuwaiti banks grow 4.4% year-on-year in May, recording KWD 18.51 billion ($61 billion), according to the Central Bank of Kuwait (CBK). Month-on-month, net bank assets rose 0.11% in May from KWD 18.49 billion in April. The total asset of the CBK recorded KWD 11.39 billion in May, up 2.25% from the year before, and up 0.89% mo...
