Kuwait news

The increase in 9M profits is attributed to higher operating income
1 hour ago AUB Kuwait profits grow to KWD 14m in Q3
Mubasher: Ahli United Bank – Kuwait (AUB Kuwait) achieved an increase of 3.8% in profits during the third quarter of 2018 compared to the same period in the prior year. Earnings rose to KWD 14.07 million ($46.5 million) in Q3-18 from KWD 13.55 …
The first plan for this service includes speeds of up to 20 Mbps
1 hour ago Zain launches BEAM internet service among 5G adoption steps
Mubasher: Mobile Telecommunications (Zain) has launched the new high-speed wireless Internet service BEAM, according to a recent statement. BEAM service is expected to use advanced wireless broadband technology, as part of the steps Zain is …
Abu Dhabi Investment Authority (ADIA) came in the third rank with $683 billion in assets
1 hour ago Saudi Arabia’s PIF ranks 10th among world’s peers
Riyadh – Mubasher: Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), ranked the 10th among the world's largest sovereign wealth funds (SWFs). PIF’s total assets stood at $360 billion, acquiring 10.8% of the world’s total value by …
Losses shrank to about KWD 72,440 ($239,400) in Q3-18
2 hours ago Tahssilat Q3 losses shrink 73%
Mubasher: Credit Rating and Collection (Tahssilat) registered a decrease of 73.2% in losses during the third quarter of 2018 compared to the same period a year ago. Losses shrank to about KWD 72,440 ($239,400) in Q3-18 from nearly KWD 269,840 …
The GCC’s fiscal balance is forecast to turn to a surplus in 2019
2 hours ago Higher oil returns to slash GCC budget deficit 82% in 2018 – KAMCO
Mubasher: Higher oil revenues are expected to reduce GCC budget deficit this year by 82% to $14 billion compared to $79 billion in the full-year 2017, KAMCO said in a recent report, citing the International Monetary Fund’s (IMF) general government …
Boursa Kuwait’s turnover shrank by 28.2% to KWD 35.91 million
3 hours ago Boursa Kuwait falls at Sunday’s close
Mubasher: The indices of Boursa Kuwait closed Sunday’s trading session with a decline, as the All-Share Market went down 0.13% or 6.3 points to reach 4,997.69 points. Similarly, both the Premier and Premier markets retreated 0.08% and 0.21%, …
The consumer price index (CPI) of Kuwait rose to 113.1 points
4 hours ago Kuwait’s inflation rises 0.27% YoY in September
Mubasher: Kuwait’s inflation went up 0.27% in September 2018 compared to the same month last year, according to the latest official data. The consumer price index (CPI) of Kuwait rose to 113.1 points in September this year from 112.8 points in the …
The ratings were backed by AUB’s assets
4 hours ago CI affirms AUB financial strength rating at “A”
Mubasher: Capital Intelligence Ratings (CI) has affirmed the financial strength rating (FSR) of Ahli United Bank (AUB) at “A”, according to a recent official statement. CI Ratings added that the lender’s long- and short-term foreign currency …
The UAE is the key destination for Indian gold jewellery
5 hours ago India’s gold imports rise on new duty concerns
Mubasher: India’s gold imports witnessed a surprise hike in the last three-month period ended September on speculation that domestic jewellery manufacturers and traders are hoarding the yellow metal lest a further hike in gold import duty. India, …
Zain Kuwait will be able to drive digital transformation by better engaging their customers
11:21 AM Zain partners with Microsoft to serve large business, SMEs
Mubasher: Mobile Telecommunications (Zain) announced that it has signed a partnership agreement with Microsoft to offer a wide range of cloud-based services to large businesses as well as small- and medium-sized enterprises (SMEs) across Kuwait, …
Trading volume of the stock was about 184,800 share
10:59 AM Sokouk’s stock tops loser on Sunday after resuming trading
By: Mohamad Farouk Mubasher: The stock of Sokouk Holding went down 5.2% after it resumed trading on Sunday. By 10:27 am Kuwait time, Sokouk was the top loser with a loss of 2.4 fils to reach 44 fils. About 329,000 shares represented the purchase …
The increase in ABK's nine-month profits is attributed to higher operating income
10:19 AM ABK records KWD 27m profits in Q3
Mubasher: Al Ahli Bank of Kuwait (ABK) achieved an increase of 35% in profits during the third quarter of 2018 compared to the same period in the prior year. Earnings grew to KWD 7.94 million ($26.24 million) in Q3-18 from KWD 5.88 million ($19.43 …
GFH exits $60 million Bahrain waterpark
10:11 AM GFH exits $60m Bahrain waterpark
Mubasher: GFH Financial Group on Sunday announced exiting a waterpark in a $60-million deal. The investment firm exited Lost Paradise of Dilmun Waterpark, which is located in Al Areen Development in the southern region of Bahrain. Located near the …
Trading on the stock of Sokouk has been suspended on 23 September
10:10 AM Trading on Sokouk resumes on Sunday
Mubasher: Boursa Kuwait announced that the trading on the shares of Sokouk Holding Company has been resumed on Sunday, 21 October, according to a bourse disclosure. On 23 September, the Kuwaiti bourse announced that trading on the stock of Sokouk …
Boursa Kuwait’s turnover amounted to about KWD 964,500
09:57 AM Boursa Kuwait’s indices open Sunday mixed
Mubasher: The indices of Boursa Kuwait started Sunday’s trading session with a mixed performance, as the All-Share and Premier markets went down 0.11% and 0.18%, respectively, while the Main Market added 0.01%. By 9:30 am Kuwait time, the telecom …
Photo Archive
20 October 06:10 PM Kuwaiti investors acquire Bahraini pool app
Mubasher: Two Kuwaiti investors has acquired Kashtah, a Bahrain-based application for swimming pool booking, magnitt reported. The app was launched by a Bahraini young developer to help users book pools around Bahrain at anytime. The Kuwaiti …
19 October 11:36 PM Kaplan: 2 or 3 interest hikes will be neutral
Dallas Federal Reserve President Robert Kaplan expressed on Friday his support for more interest hikes by American monetary policymakers
19 October 11:33 PM Carney: Fed raising interest for good reasons
The Governor of the Bank of England, Mark Carney said on Friday that the United States Federal Reserve is raising interest rates for valid reasons
19 October 11:28 PM Oil narrows weekly losses
Crude inventories in the United States rose by 6.5 million barrels last week
19 October 10:05 PM Gold settles lower, records weekly gains
The precious metal saw some selling pressures as the USD neared its highest level in two months
19 October 09:59 PM Renewables in India to grow 5% by 2022
Rising interest rates are putting a question mark on the viability of solar projects
19 October 06:23 PM Goldman Sachs forecasts 5 more Fed rate hikes
Goldman believes the Federal Reserve needs to generate a significant tightening in financial conditions
19 October 05:57 PM Robust aero, warehouse automation sales boost Honeywell Q3 profit
Mubasher: Honeywell International Inc on Friday reported better-than-expected profits for the third quarter of this year
19 October 04:39 PM InterContinental Hotels revenue up 1% in Q3
Mubasher: InterContinental Hotels Group PLC on Friday posted a 1% year-on-year increase in the comparable revenue per available room for the third quarter of 2018.
19 October 04:05 PM P&G Q1 sales beat estimates
Mubasher: Procter & Gamble Co (P&G) on Friday reported a robust rise in sales for the first quarter of this year