Tawasul
Mubasher TV
Contact Us Advertising   العربية

Kuwait news

The total number of recovered cases in Saudi Arabia reached 264
3 hours ago Saudi Arabia announces 157 new COVID-19 cases
Riyadh – Mubasher: Saudi Arabia has reported 157 new coronavirus (COVID-19) cases, bringing the total number of cases in the Kingdom to 1,720, the spokesman for the Saudi Ministry of Health Mohammed Al Abd Al Ali announced on Wednesday. Al Ali …
The company turned to a loss of KWD 562,970 in Q4-19
4 hours ago Kuwait Cement’s profits decline 49% in FY19; dividends proposed
Mubasher: The net profit of Kuwait Cement decreased by 49% on an annual basis over the fiscal year (FY) 2019 to stand at KWD 4 million when compared to KWD 7.94 million. The drop in the annual earnings is attributed to a drop in gross profit by …
The market’s turnover amounted to KWD 20.33 million
5 hours ago Boursa Kuwait ends Wednesday down
Mubasher: The indices of Boursa Kuwait closed Wednesday’s trading session on a decline amid low trade. The All-Share and Premier markets went down by 1.55% and 1.73%, respectively, whereas the Main and BK Main 50 indices fell by 1.08% and 1.29%, …
The Emir of Kuwait, Sheikh Sabah Al Ahmad Al Sabah
02:22 PM Kuwait's Emir donates KWD 5m for coronavirus relief
Mubasher: Kuwait's Emir Sheikh Sabah Al Ahmad Al Jaber Al Sabah has donated KWD 5 million in support of the recently-launched fund that aims to mitigate the fallout from the coronavirus (COVID-19) pandemic, Kuwait News Agency (KUNA) reported on …
A total of 911 cases left the quarantine in Kuwait
12:38 PM Kuwait’s COVID-19 toll up at 317
Mubasher: The number of coronavirus (COVID-19) infections in Kuwait reached 317 after 28 new patients tested positive for the pandemic during the past 24 hours, according to an official statement by the health ministry on Wednesday. Earlier this …
Global crude prices plunged by more than 54% on Tuesday
11:16 AM Kuwait’s crude oil up $1.37 pb on Tuesday - KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.37 on Tuesday, 31 March, to settle at $25.7 per barrel (pb), compared with $24.33 pb last Monday, according to official prices released by the Kuwait Petroleum Corporation (KPC). At the …
The ministry also reported seven new recoveries
10:46 AM Egypt’s COVID-19 cases reach 710
Cairo – Mubasher: The Egyptian Ministry of Health confirmed 54 new cases of the novel coronavirus (COVID-19) of Egyptians returning from abroad.   In addition, the ministry also reported seven new coronavirus recoveries and five new deaths, the …
The total number of shares stands at 892.119 million shares
10:11 AM DFM executes Khaleeji Commercial Bank's capital reduction
Dubai - Mubasher: The Dubai Financial Market (DFM) has announced that the reduction of Khaleeji Commercial Bank's capital was executed, according to a press release on Wednesday. Following the reduction, the total number of shares stands at …
The company incurred KWD 426,348 worth of losses in Q4-19
10:08 AM Securities House turns to loss in 2019
Mubasher: The Securities House turned to a loss of KWD 379,624 (about $1.21 million) in the fiscal year (FY) 2019, against a profit of KWD 204,812 (nearly $652,620) in 2018. The 2019 results are ascribed to various factors, including an increase …
Asiya Capital turned to a profit of KWD 1.4 million in Q4-19
09:40 AM Asiya Capital’s profits up 38% in 2019
Mubasher: Asiya Capital Investments Company reported a 38% annual increase in net profits during the fiscal year (FY) ended on 31 December 2019 at KWD 1.5 million (about $4.81 million) from KWD 1.09 million (around $3.51 million). The growth in …
The OGM approved distributing a remuneration of KWD 135,000 to board members
09:25 AM GBKs's OGM nods to 11 fils/shr dividends for FY19
Mubasher: Gulf Bank’s ordinary general meeting (OGM) consented to the proposed cash dividend distribution of 11 fils per share or 11% of the share’s nominal value for the fiscal year (FY) 2019 after deducting treasury stocks. Shareholders …
Saudi Ministry of Health
31 March 06:42 PM Saudi Arabia reports 110 new coronavirus cases
Riyadh – Mubasher: The Saudi health ministry recorded 110 new cases with the coronavirus (COVID-19), bringing the total number of cases in the kingdom to 1,563 since the outbreak of the global pandemic. The ministry said in its daily report that …
The newly confirmed cases are all in a stable condition
31 March 05:04 PM UAE reports new 53 COVID-19 cases
UAE - Mubasher: The UAE Ministry of Health announced on Tuesday 53 new coronavirus (COVID-19) cases, raising the total number of cases in the country to 664, according to the Emirates News Agency (WAM). The new cases belong to different …
The Kuwaiti indices collectively dropped by the end of Q1-20
31 March 04:57 PM Coronavirus plunges Boursa Kuwait 23% in Q1-20
By: Mohamed Farouk Mubasher: The coronavirus (COVID-19) pandemic has plunged Boursa Kuwait during the first quarter (Q1) of 2020, driven by its negative consequences on the local and global economy. The Kuwaiti indices collectively dropped by the …
The partial exit is from investments in companies out of Kuwait
31 March 03:17 PM Kamco exits $17m investments
Mubasher: Kamco Invest on Tuesday announced selling around 16.8% of its stake in a number of special-purpose companies (SPCs) for $16.9 million (KWD 5.2 million). The partial exit is from investments in companies out of Kuwait, according to a …
The lower profit is due to a decrease in the fair value (FV) of investment properties
31 March 03:02 PM National International’s earnings slide 24% in 2019; bonus share proposed
Mubasher: The consolidated financial statements of the National International Holding Company showed a 24.13% drop in net profits during the fiscal year (FY) 2019 at KWD 1.7 million from KWD 2.3 million in 2018. In the fourth quarter (Q4) of 2019, …
Aramco has set the selling price of propane for April futures at $230 per tonne
31 March 02:55 PM Saudi Aramco lowers propane price to $230/ton in April
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has set the selling price of propane for April futures at $230 per tonne, down from $430 per tonne in March. Aramco further announced, as cited by Reuters, that the selling price of …
The trading volume surged by 23.1% on Tuesday
31 March 02:31 PM Boursa Kuwait up on Tuesday amid high turnover
By: Mohamed Farouk  Mubasher: The indices of Boursa Kuwait closed Tuesday’s trading session in the green territory. The All-Share and Premier markets grew by 1.33% and 1.61%, respectively, while the Main and BK 50 indices levelled up by 0.62% and …
The bonds were offered at a 1.375% rate of return
31 March 01:28 PM Kuwait C. bank sells KWD 240m bonds, tawarruq
Mubasher: The Central Bank of Kuwait (CBK) on Tuesday offered bonds and related tawarruq worth KWD 240 million, with a 1.375% rate of return. The six-month issue was oversubscribed by 11.21% times and will be due on 29 September 2020, according to …
A total of 73 COVID-19 cases have recovered in Kuwait
31 March 12:49 PM Kuwait announces 23 new COVID-19 cases, 1 recovery
Mubasher: Kuwait on Tuesday reported 23 new coronavirus (COVID-19) cases and one new recovery during the past 24 hours, according to an official statement by the health ministry. The health ministry's spokesperson, Abdullah Al Sanad, further …
The company's total operating revenues reached KWD 45.859m in 2019
31 March 12:48 PM Aan Digital generates KWD 265,211 net profits in 2019
Mubasher: Aan Digital Services Co, dually listed on the Dubai Financial Market (DFM) and Boursa Kuwait, reported  KWD 265,211 ($845,740) net profits attributable to the owners of the parent company in 2019, versus net losses of KWD 829,075 ($2.64 …
Japan’s crude imports decreased by 3.8% annually in February
31 March 12:34 PM Kuwait’s crude oil exports to Japan hit 3 month-low
Mubasher: Kuwait’s crude oil exports to Japan fell by 8% in February 2020 for the first time in three months, Japan’s Natural Resources and Energy Agency said in a preliminary report on Tuesday. Japan’s total oil imports from Kuwait stood at 7.5 …
Global oil prices fell to an 18-year low on Monday
31 March 11:49 AM Kuwait’s crude oil down $1.93 pb on Monday – KPC
Mubasher: The price of Kuwait’s crude oil price registered $24.33 per barrel (pb) on Monday, 30 March, down by $1.93 when compared to $26.26 pb last Friday, according to the official prices released by Kuwait Petroleum Corporation (KPC). At the …
The rating reflects the lender's strong capacity to meet its financial commitments
31 March 11:18 AM S&P lowers NBK’s credit rating to ‘A’; outlook stable
Mubasher: Standard & Poor's Ratings (S&P) has downgraded the long-term issuer default rating (IDR) of the National Bank of Kuwait (NBK) to ‘A’ from ‘+A’, with a ‘Stable’ outlook. The rating reflects the lender's strong capacity to meet its …
The total number of COVID-19 cases reached 656
31 March 10:53 AM Egypt detects 47 new coronavirus cases
Cairo – Mubasher: The Egyptian Ministry of Health reported 47 new coronavirus (COVID-19) cases and one new death of a 44-year-old Egyptian. The newly-detected cases are all Egyptians who had returned from abroad or had contact with …