Tawasul
Mubasher TV
Contact Us Advertising   العربية

Top News

The laid-off employees represent 25% of the total workforce
28 May 05:48 PM Kuwait Airways to lay off 1,500 foreign employees
Mubasher: Kuwait Airways decided to lay off 1,500 non-Kuwaiti employees or 25% of its workforce due to the repercussions of coronavirus (COVID-19) on the aviation sector.  The state-owned air carrier was forced to take this decision as part of a …
The turnover dropped to KWD 38.39 million
28 May 04:19 PM Boursa Kuwait ends Thursday mixed amid thin liquidity
Mubasher: The indices of Boursa Kuwait closed Thursday’s trading on a varied note amid low liquidity. The Main Market, All-Share Market, and BK 50 indices fell by 0.22%, 0.03%, and 0.25%, respectively, while the Premier Market index rose by …
Total active cases amounted to 15,229
28 May 01:49 PM Kuwait announces 845 new coronavirus cases
Mubasher: The Kuwaiti Ministry of Health on Thursday announced that 845 new cases tested positive for coronavirus (COVID-19), taking the tally to 24,112. The number of recoveries increased by 752 in the past 24 hours to 8,698, while the death toll …
Net operating losses increased to KWD 830,040
27 May 04:47 PM Abyaar's losses halve in 2019
Mubasher: Abyaar Real Estate Development reported a 50% year-on-year (YoY) drop in its net losses during 2019. The company suffered net losses of KWD 15.78 million ($51.2 million) last year, down from KWD 31.67 million ($102.7 million) in 2018, …
The issuance is part of a Sukuk programme at a maximum value of $2 billion
27 May 03:56 PM Warba Bank receives regulatory approval for KWD 150m Sukuk
Mubasher: Warba Bank has received approval from the Central Bank of Kuwait and the Capital Markets Authority (CMA) for the second issuance of Sukuk at a value not exceeding KWD 150 million. The issuance is part of a Sukuk programme at a maximum …
The turnover amounted to KWD 46.59 million
27 May 03:24 PM Boursa Kuwait ends Wednesday up after Eid holiday
Mubasher: The indices of Boursa Kuwait closed Wednesday’s trading on a positive note following the three-day Eid Al Fitr holiday. The Premier Market and All-Share Market indices jumped by 2.97% and 2.17%, respectively, while the Main and the BK 50 …
The lender’s LTFC IDR has been affirmed at 'B+'
27 May 01:49 PM Fitch revises Burgan Bank Turkey's outlook to negative
Mubasher: Fitch Ratings has revised the outlook on the long-term foreign-currency issuer default ratings (LTFC IDRs) of nine Turkish foreign-owned banks, including Burgan Bank Turkey, to negative from stable. The lender’s LTFC IDR has been …
The number of active cases reached 15,146
27 May 01:23 PM Kuwait reports new 692 COVID-19 cases
Mubasher: Kuwait on Wednesday reported 692 new coronavirus (COVID-19) cases, bringing its total to 23,267 cases, according to the country's health authorities. Total recoveries increased by 640 in the past 24 hours to 7,946, while the death toll …
The judgments will be enforced on Haigh’s assets in the UK and the UAE
27 May 10:47 AM GFH wins judgment against former employee
Dubai – Mubasher: GFH Financial Group announced that it has won a judgment issued by the High Court of England and Wales against the former employee David Haigh. This judgement confirms the previous one issued by the Dubai International Financial …
More details regarding the gradual restoration of life will be provided soon
26 May 11:51 AM Kuwait to gradually reopen after 30 May
Mubasher: The Kuwaiti government affirmed that it will not extend the full lockdown for another period but will enact a partial curfew to pave the way for the restoration of normal life, Kuwait News Agency (KUNA) reported on Monday. More details …
Total coronavirus recoveries in Kuwait increased to 7,306
26 May 01:51 PM Kuwait reports 608 new coronavirus cases, 685 recoveries on Tuesday
Mubasher: The number of confirmed cases of coronavirus (COVID-19) in Kuwait grew by 608 in the past 24 hours to stand at 22,575 on Tuesday, according to an official statement by the Ministry of Health. The death toll from the novel disease …
Saudi Aramco is currently the most profitable company worldwide
26 May 11:02 AM World's top 2,000 list includes 40 Arab companies; Aramco ranked 5th
By: Amal A. Wahaab Mubasher: This year's Forbes Global 2000 list saw the inclusion of 40 companies from the Arab world in the magazine's ranking of the world's top 2,000 companies, based on assets, profits, revenues, and market value.  Oil giant …
Kuwait recorded nine deaths
25 May 04:07 PM Kuwait reports 665 COVID-19 cases on Monday
Mubasher: The Kuwaiti Ministry of Health announced on Monday 665 new coronavirus (COVID-19) cases, raising the total number of cases to 21,967. Kuwait recorded nine more deaths from the virus to bring the total number of deaths to 165. Meanwhile, …
Hotels in five governorates could reopen after receiving the safety certificate
24 May 11:13 AM Egypt grants health safety certificates to over 70 hotels
Cairo - Mubasher: More than 70 hotels in Egypt last week have received the health safety certificate, which is necessary for resuming their operations, according to Egypt’s tourism and antiquities minister. Receiving the certificate came after …
HMM Algeciras containership's length is around 400 metres
24 May 10:29 AM World's largest container to cross Egypt's Suez Canal
Cairo - Mubasher: The Suez Canal will receive South Korea's HMM Algeciras, the world's largest containership, the Egyptian Ministry of Transport announced in a recent statement. The 24,000-TEU-class vessel will pass through the canal as after …
The trading volume totalled 177.19 million shares on Tuesday
19 May 02:35 PM Boursa Kuwait posts third rise in week on Tuesday
By: Mohamed Farouk Mubasher: The Kuwaiti indices posted a collective rise at Tuesday’s close for the third time in a row. The All-Share and Premier markets closed up by 1.43% and 1.75%, respectively, whilst the Main and BK 50 indices grew by 0.61% …
The trading volume grew by 36.1% weekly
21 May 02:37 PM Boursa Kuwait rises in week; market cap gains KWD 1.2bn
By: Mohamed Farouk Mubasher: Boursa Kuwait’s indices posted a positive performance in the week ended on Thursday, 21 May, amid high trade when compared to the last week. The Premier Market Index rose by 5.4% or 271.48 points to reach 5,295.99 …
The trading volume slipped by 1.5% on Thursday
21 May 01:52 PM Boursa Kuwait up at Thursday’s close; turnover down 17%
Mubasher: The indices of Boursa Kuwait closed Thursday’s trading in the green territory after the All-Share and the Premier markets had risen by 0.38% and 0.36%, respectively, and the Main and the BK 50 indices had grown by 0.43% and 0.3%, …
The acquisition was carried out for KWD 2.1 million
21 May 01:15 PM Al Khair Global acquires 10.3% of Arkan Al Kuwait
Mubasher: Boursa Kuwait announced that the acquisition procedures of Al Khair Global for Buying and Selling Shares on part of Arkan Al Kuwait Real Estate’s shares were completed on Thursday. The decision was subject to the Capital Markets …
ABK's capital adequacy ratio (CAR) stood at 18.6% in 2019
21 May 12:48 PM Moody’s affirms ABK long-term credit rating
Mubasher: Moody’s Investors Service has affirmed the long-term deposits rating of Ahli Bank of Kuwait (ABK) at ‘A2’, with a ‘Stable’ outlook. The ‘baa3’ standalone Baseline Credit Assessment (BCA) reflects the lender’s strong capitalisation, …
David Parker - co-chief Investment officer for the Financial Services sector at EDB
21 May 11:39 AM GCC sees growing trend for fintech platforms amid COVID-19 crisis
Mubasher: The GCC region is set for a big leap in the use of financial technology applications amid the coronavirus (COVID-19) outbreak with the Middle East and Africa (MEA) region witnessing a 70% growth in the use of contactless payments, …
Disinfection gates pose health risks to people
21 May 11:26 AM Disinfection gates proving ineffective against coronavirus
Mubasher: Sterilisation gates and rooms placed at the entrance of public places have not proven their effectiveness in curbing the spread of the highly contagious coronavirus (COVID-19), assistant secretary at the Kuwaiti Ministry of Health, …
Photo Archive
21 May 10:39 AM Kuwait plans to build new industrial southern port
Mubasher: The Kuwait Port Authority (KPA) and the Public Authority for Industry (PAI) have signed a Memorandum of Understanding (MoU) to lay the cornerstone for the study, design, and construction of an industrial port at the south of …
The new solution provides accurate diagnostic results
21 May 09:47 AM Kuwaiti researchers develop new COVID-19 PCR test
Mubasher: A Kuwaiti research team has successfully developed a Polymerase Chain Reaction (PCR) test solution for the new coronavirus (COVID-19), Kuwait News Agency (KUNA) reported. The new test has excellent and accurate diagnostic results …
Ministry of Health - Saudi Arabia
20 May 04:07 PM KSA announces 2,691 COVID-19 cases Wednesday
Riyadh – Mubasher: Saudi Arabia has registered 2,691 new coronavirus (COVID-19) cases on Wednesday. The total number of cases increased to 62,545, the Ministry of Health daily report showed. On the other hand, 1,844 recovering cases were reported, …