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FINANCE & ECONOMY

Finance Minister stresses the need of economic reforms

September 26, 2018

Finance Minister stresses the need of economic reforms

Kuwaiti Finance Minister Nayef Al­Hajraf stressed on Tuesday the importance of a planned economic reforms to activate the role of the private sector and 'reduce government intervention in the economy.'

Al­Hajraf made his remarks in his opening speech at the 10th session of the Euromoney Conference ­ Kuwait 2018,"... Continue Reading

EQUATE’s world class achievement: 50m continuous safe work hours

September 26, 2018

EQUATE’s world class achievement: 50m continuous safe work hours

KUWAIT: Continuing its industrial records, the EQUATE Group, a global producer of petrochemicals, achieved over 50 million continuous safe work hours without a day away from work case (DAWC) throughout its industrial complex in Kuwait. As the owner and single operator of several manufacturing units in Kuwait, EQUATE’s industrial complex annually produces more than four million tons of ethylene, ethylene"... Continue Reading

USD 142 mln volume of trade between Kuwait and Denmark in 2017

September 25, 2018

USD 142 mln volume of trade between Kuwait and Denmark in 2017

KUWAIT, Sept 24 (KUNA) -- The volume of trade exchange between Kuwait and Denmark reached USD 142 million in 2017, said The Kuwait Chamber of Commerce and Industry (KCCI) on Monday. This came during Director of Foreign Relations Department of the Kuwait Chamber of Commerce and Industry Salah Eyadah's statement after receiving Danish economy delegation, including representatives of companies operating"... Continue Reading

Justmop.com expands into Kuwait

September 25, 2018

Justmop.com expands into Kuwait

JUSTMOP.com, the trendsetting on-demand home services platform founded in the UAE, announced that it has expanded into Kuwait, citing the young, discerning population as a key driver of this decision.

Over the past 4 years, justmop has established itself as the ‘go to’ option for cleaning services par excellence and it is this client confidence that has prompted their expansion program"... Continue Reading

Stocks sluggish as Boursa Kuwait makes FTSE entry

September 25, 2018

Stocks sluggish as Boursa Kuwait makes FTSE entry

KUWAIT CITY, Sept 24: Kuwait stocks sagged on Monday even as investor’s toed caution amid bourse’s formal entry into the FTSE Russell index.

The All Shares Index fell 3.65 points in a tame session to 5,089.68 points dragged by some of the heavyweights even as the broader sentiment remained mixed. The Prime Market slipped"... Continue Reading

The Importance of a “Strategic Investor” v/s an “Investor”

September 25, 2018

The Importance of a “Strategic Investor” v/s an “Investor”

The last decade in the Middle East region has witnessed immense growth and challenges. There are many companies who have exploited the growth wave and grew their business exponentially. At the same time, there are companies that struggled either due to their resistance to change, or due to the economic challenges of the market. Leveraging the changing market conditions and rapid shift in technology, there"... Continue Reading

HK-listed United Energy says to buy Kuwait Energy for $651 mln

September 24, 2018

HK-listed United Energy says to buy Kuwait Energy for $651 mln

HONG KONG, Sept 24 (Reuters) - United Energy Group Ltd said on Monday it would buy Kuwait Energy Public Ltd for up to $650.9 million as the Hong Kong-listed upstream oil and gas corporation aims to enter the Middle East and North Africa.

The deal will"... Continue Reading

Kuwait down ahead of FTSE entry, other Middle East markets mixed

September 24, 2018

Kuwait down ahead of FTSE entry, other Middle East markets mixed

DUBAI, Sept 23 (Reuters) - Kuwait's stock market fell on Sunday, pausing after recent gains ahead of joining of the FTSE Russell emerging market index this week, which is expected to draw investment from passive funds.

Entry to the emerging market index will be in two phases, on Sept. 24 and Dec. 24. Arqaam Capital estimates"... Continue Reading

Markaz sponsors 10th edition of ‘Euromoney Kuwait Conference’

September 24, 2018

Markaz sponsors 10th edition of ‘Euromoney Kuwait Conference’

KUWAIT CITY, Sept 23: Kuwait Financial Centre “Markaz” announced sponsoring “The Euromoney Kuwait Conference 2018” that will be held on Tuesday, Sept 25th at Four Seasons Hotel under the theme of “New Kuwait – The Financial Sector Response”. The conference will address the Kuwaiti Government economic vision until 2035, with the aim of analyzing response of the financial"... Continue Reading

Agility Public Warehouses forced to evict by PAI

September 24, 2018

Agility Public Warehouses forced to evict by PAI

KUWAIT: Agility Public Warehouses Company was recently notified to evict their warehouses after its lease contract made on November, 29, 1998 expired. The warehouses are located in Southern Amgharah and cover over 1.057 million square meters. The notification was made upon an administrative resolution made by PAI director on September 9, 2018 and had the company evict the site and hand over all legal documents"... Continue Reading

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