http://arabtimesonline.com Add News en-US admin@arabtimesonline.com KUWAIT CITY, May 23: Kuwait stocks slumped amid profit taking on Thursday to end week on a sour note. The index slid 67.83 pts to 8154.19 points extending the decline to second straight session. The downswing was paced by some of the mid and low c... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196537/reftab/69/t/Kuwait-bourse-slumps-on-profit-taking/Default.aspx siraj mohammed Fri, 24 May 2013 06:57:13 GMT KUWAIT CITY, May 23: Zajil International Telecom has once again succeeded in placing Kuwait on the international telecommunications world by being a prime sponsor at the International Telecoms Week (ITW) 2013 for the 4th consecutive year. ITW is t... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196536/reftab/69/t/Zajil-Telecom-participates-in-ITW-2013-in-Chicago/Default.aspx siraj mohammed Fri, 24 May 2013 06:54:59 GMT KUWAIT CITY, May 23: “We need a change in the fabric of our democratic functioning”, stated Pavan Kumar Verma, career diplomat and author, currently serving an advisory role with Nitish Kumar, Chief Minister of Bihar in India, as he addressed a ga... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196535/reftab/69/t/Expert-advocates-financial-transparency-in-India/Default.aspx siraj mohammed Fri, 24 May 2013 06:53:39 GMT KUWAIT CITY, May 23: Abdulmohsen Abdulaziz Al-Babtain Co launched its summer checkup campaign “Peace of Mind” for Citroen cars from the 12th May till 5th June 2013, which will includes — 13 free check points, 15 percent discount on Labor and 30 pe... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196534/reftab/69/Default.aspx siraj mohammed Fri, 24 May 2013 06:52:05 GMT KUWAIT CITY, May 22: flydubai began flights to Salalah, in the Sultanate of Oman yesterday bringing its operational network to 60 destinations. flydubai flight FZ039 touched down at Salalah Airport just hours before the airline began scheduled ope... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196516/reftab/69/t/flydubai-starts-flights-to-Salalah/Default.aspx siraj mohammed Thu, 23 May 2013 07:00:46 GMT KUWAIT CITY, May 22:   SAP announced its core Business Suite applications are ready to run on the HANA in-memory database platform with officials describing the technology as being game changing and empowering for real time business.  At a press co... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196515/reftab/69/t/SAP-launches-BSoH-in-Kuwait/Default.aspx siraj mohammed Thu, 23 May 2013 06:57:56 GMT KUWAIT CITY, May 22: Recording one of the highest energy consumption rates per capita in the world, Kuwait is keen on pursuing a sustainability plan that includes generating 15 percent of electricity from renewable resources by 2030. At the rate K... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196514/reftab/69/Default.aspx siraj mohammed Thu, 23 May 2013 06:54:37 GMT KUWAIT CITY, May 22: Kuwait stocks saw moderate pullback on Wednesday, snapping the four-day rally which lifted it to four-year high.  The index eased 20.29 pts in volatile trade to settle at 8222.02 pts paced by financial services equities while ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196513/reftab/69/Default.aspx siraj mohammed Thu, 23 May 2013 06:53:25 GMT KUWAIT CITY, May 21: Kuwait stocks continued the winning streak on Tuesday, as it rallied for the fourth straight session.  The index climbed 116.33 pts to 8242.31 pts — fresh multi-year high, as investors piled on to select mid and low caps. The ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196458/reftab/69/Default.aspx siraj mohammed Wed, 22 May 2013 05:34:58 GMT KUWAIT CITY, May 21: CEO at Kuwait Finance House KFH Mohammad Al-Omar said that the transaction that has been held, in which KFH had sold one of its investment real estate with KD 50 mln, and it logged KD 26.3 mln as a net profit, is considered a ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196457/reftab/69/Default.aspx siraj mohammed Wed, 22 May 2013 05:33:07 GMT KUWAIT CITY, May 21: Marriott International executives from across the globe have arrived in Kuwait as part of a Global Sales Mission taking place across the Middle East this month, showcasing the company’s “See The World” campaign. The initiative... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196456/reftab/69/t/Marriott-execs-to-launch-sales-mission/Default.aspx siraj mohammed Wed, 22 May 2013 05:32:10 GMT DUBAI, May 21, (RTRS): Standard & Poor’s cut Egypt’s rating to CCC+ with stable outlook on May 9, saying Cairo had yet to come up with a plan to control its finances, leaving the country vulnerable to a balance of payments crisis. Below is a lis... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196455/reftab/69/Default.aspx siraj mohammed Wed, 22 May 2013 05:31:15 GMT KUWAIT CITY, May 20: Kuwait is one of our most important markets in the Middle East where we’ve a very good footprint, controlling more than $300 million in business volume, said the Vice-President of Enterprise Business Group Middle East for Huaw... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196445/reftab/69/Default.aspx siraj mohammed Tue, 21 May 2013 06:50:56 GMT DUBAI, May 20, (RTRS): Sovereign wealth funds in the Gulf Arab region are raising their allocations to private equity investments at a faster rate than other types of investment, US fund manager Invesco says in a new study. “Contrary to popular pe... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196444/reftab/69/Default.aspx siraj mohammed Tue, 21 May 2013 06:47:58 GMT KUWAIT CITY, May 20: Panasonic is proud to introduce a new Digital Single Lens Mirror less Camera DMC-GF6 from the stylish, most compact GF series of LUMIX G. The new 16.00-megapixel Live MOS Sensor achieves high-resolution, high sensitivity image... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196443/reftab/69/t/Al-Yousifi-introduces-new-DMC-GF6-from-Panasonic/Default.aspx siraj mohammed Tue, 21 May 2013 06:45:23 GMT KUWAIT CITY, May 20: Kuwait stocks extended the bull run on Monday after soaring past the 8,000 mark in the previous session. The index surged 104.7 points in a broad rally to close at a 46-month high of 8,125.98 pts. The blue chips led by banks s... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196442/reftab/69/Default.aspx siraj mohammed Tue, 21 May 2013 06:44:28 GMT Stronger USD across theboard The USD continued its rally this week and took out 2012 highs aided by strong US consumer confidence. There was more talk of the ECB easing which helped global equity markets sustain a continuous increase. In the US, S... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196404/reftab/69/Default.aspx John Fernandes Mon, 20 May 2013 06:39:01 GMT KUWAIT CITY, May 19: Kuwait stocks surged Sunday to breach the 8,000 pts for the first time since July 2009, paced by brisk buying across the board. The index spiked 119.1 pts in volatile trading to 8,021.28 pts extending the gains to second stra... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196403/reftab/69/t/KSE-breaches-8000-mark-volume-ticks-up/Default.aspx John Fernandes Mon, 20 May 2013 06:37:07 GMT KUWAIT CITY, May 19: Kuwait has announced it is conducting studies into the viability of extracting shale gas from recently identified reserves, although any commercial operation will likely be many years off. Despite its extensive natural gas res... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196402/reftab/69/t/KOC-to-join-shale-gas--exploration-says-report/Default.aspx John Fernandes Mon, 20 May 2013 06:34:55 GMT KUWAIT CITY, May 19: Al Watany Bank of Egypt (AWB), the subsidiary of National Bank of Kuwait Group (NBK) in Egypt, reported net profits of EGP 86.6 million in the first quarter of 2013 compared with EGP 75.1 million in the same period last year, an... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196401/reftab/69/Default.aspx John Fernandes Mon, 20 May 2013 06:34:05 GMT KUWAIT CITY, May 18: KGL Logistics K.S.C. (Closed) accomplished net profits amounting to KD 10.048 million for its operations in the year 2012 as compared to KD 9.019 million for the year ended 2011, reflecting a growth of 11.4 percent from the pr... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196366/reftab/69/Default.aspx siraj mohammed Sun, 19 May 2013 06:41:00 GMT Kuwait Stock Exchange (KSE) ended last week in the green zone. The price index ended last week with an increase amounted to 1.71 percent, and the weighted index advanced by 0.35 percent compared to the closings of the week before. In addition KSX-15... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196364/reftab/69/Default.aspx siraj mohammed Sun, 19 May 2013 06:39:28 GMT Photo shows NBK’s old building National Bank of Kuwait (NBK) celebrates this year its 61st anniversary. On 19 May, 1952, the late Amir Sheikh Abdullah Al-Salem Al-Sabah, issued the famous Amiri Decree promulgating the incorporation of the ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196363/reftab/69/t/NBK-celebrates-its-61st-anniversary/Default.aspx siraj mohammed Sun, 19 May 2013 06:38:10 GMT LONDON, May 18, (AFP): Commodity prices mostly weakened this week, hit by a stronger dollar and falling demand for raw materials amid persistent concerns about the state of the troubled global economy, according to analysts. Figures published Wedn... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196362/reftab/69/t/Crude-prices-retreat-amid-troubled-global-economy/Default.aspx siraj mohammed Sun, 19 May 2013 06:35:17 GMT ISTANBUL, May 17, (RTRS): Turkey hailed its second investment grade rating on Friday, seeing it as a seal of approval from international markets for a decade of economic reform. Investors joined in, driving sovereign bond yields to record lows. Go... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196340/reftab/69/t/Turkey-welcomes-new-investment-grading-but-money-flow-worries/Default.aspx siraj mohammed Sat, 18 May 2013 05:53:31 GMT 4 million students enrol every year in basic education in region. A report issued by KFH-Research noted that the volume of education market in the GCC is $45 billion of total volume of the MENA region that is $75 billion. It added that the region sp... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196339/reftab/69/Default.aspx siraj mohammed Sat, 18 May 2013 05:50:15 GMT NEW YORK, May 17, (Agencies): Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader US... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196338/reftab/69/t/US-May-consumer-sentiment-highest-in-almost-six-years/Default.aspx siraj mohammed Sat, 18 May 2013 05:48:36 GMT SEOUL, May 17, (RTRS): Overtaking Apple Inc as the world’s leading maker of smartphones has stretched Samsung Electronics Co’s in-house supply lines, and the South Korean firm is now courting some of its rival’s main parts suppliers. After costly ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196337/reftab/69/Default.aspx siraj mohammed Sat, 18 May 2013 05:46:43 GMT KUWAIT CITY, May 16: The Development and Research Unit Manager at Kuwait Finance House KFH Adnan Al-Mulla stated that KFH is holding training courses in Islamic basics and Islamic economy to its employees, and that’s to embody the bank’s approach ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196306/reftab/69/t/KFH-organizes-training-courses-for-employees/Default.aspx siraj mohammed Fri, 17 May 2013 06:56:31 GMT KUWAIT CITY, MAY 16: International Financial Advisors (IFA) received approval from the Capital Markets Authority for the interim financial statements for the first quarter ending March 31, 2013, dated May 15, 2013.  Particulars    March 31, ’13... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196305/reftab/69/Default.aspx siraj mohammed Fri, 17 May 2013 06:54:41 GMT KUWAIT CITY, May 16: Marina Hotel Kuwait recently rolled out its much awaited for summer package which comes along with lots of benefits to make this summer relaxed, luxurious and memorable. You are invited to enjoy this summer in style in the mid... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196304/reftab/69/t/Marina-Hotel-offers-summer-package/Default.aspx siraj mohammed Fri, 17 May 2013 06:53:20 GMT KUWAIT CITY, May 16: Kuwait stocks resumed the uptrend on Thursday, after slipping into a trough in the day before. The index soared 89.13 points to 7902.18 points, the highest level since end of August 2009. Some of the mid and low caps paced whi... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196303/reftab/69/Default.aspx siraj mohammed Fri, 17 May 2013 06:52:22 GMT KUWAIT CITY, May 15: The Chairman and Managing Director of Alargan International Real Estate, Khaled Khudair Al-Mashaan, said that the company has recently been expanding in a number of GCC countries, including the Kingdom of Saudi Arabia and Oman... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196245/reftab/69/Default.aspx siraj mohammed Thu, 16 May 2013 05:15:18 GMT KUWAIT CITY, May 15: Noor Financial Investment Company held its annual general assembly meeting for the financial year ended 31 December 2012 on May 14, 2013. Abdullatif A. Al-Asfour, Noor’s Chairman and Managing Director, declared that 2012 was a... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196244/reftab/69/Default.aspx siraj mohammed Thu, 16 May 2013 05:12:48 GMT KUWAIT CITY, May 15: National Industries Group Company (NIG) reported that the Board of Directors met on May 15, 2013 and approved the interim financial statements for the Q1 ending March 31, 2013.  Particulars     March 31, 2013    March 31, 2... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196243/reftab/69/Default.aspx siraj mohammed Thu, 16 May 2013 05:11:23 GMT KUWAIT CITY, May 15: Kuwait stocks retreated sharply on Wednesday snapping the four-day rally. The index slid 49.84 pts in volatile trade to 7,813.05 pts as investors consolidated the gains after the bull run which lifted the market to a 44-mon... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196242/reftab/69/Default.aspx siraj mohammed Thu, 16 May 2013 05:09:47 GMT DUBAI, May 14: Ghaith Al Ghaith, Chief Executive Officer of flydubai relayed the airline’s successful turnover, its latest innovations and future plans to a delegation of journalists at the Arabian Travel Market. Al Ghaith informed that the ATM ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196215/reftab/69/t/flydubai-doubles-number-of-destinations/Default.aspx siraj mohammed Wed, 15 May 2013 04:50:59 GMT KUWAIT CITY, May 14: Bank credit saw a big jump in March, it’s largest monthly gain in more than four years. While household credit continued to show strength, growth in March was supported by credit gains from non-financial business sectors for t... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196214/reftab/69/Default.aspx siraj mohammed Wed, 15 May 2013 04:47:32 GMT KUWAIT CITY, May 14: Kuwait Real Estate Company (KREC) reported that the Board of Directors met on May 14, 2013 and approved the interim financial statements for the first quarter ending March 31, 2013. Particulars    March 31, 2013    March 31,... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196213/reftab/69/Default.aspx siraj mohammed Wed, 15 May 2013 04:46:30 GMT KUWAIT CITY, May 14: Kuwait stocks eked modest gains on Tuesday extending the winning streak to fourth day in a row. The index rose 16.02 pts in volatile trade to 7862.89 pts – a 44-month high. The investors sentiment was skittish as market looks ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196212/reftab/69/t/Kuwait-bourse-gains-in-volatile-trade/Default.aspx siraj mohammed Wed, 15 May 2013 04:45:06 GMT KUWAIT CITY, May 13: Kuwait stocks pulled higher Monday, extending the gains to third straight session. The index climbed 19.3 pts amid brisk trading to 7846.87 points, the highest level since first week of September 2009. Some of the banks and... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196180/reftab/69/Default.aspx siraj mohammed Tue, 14 May 2013 05:22:43 GMT KUWAIT CITY, May 13: KAMCO today reported its financial results for the first quarter ended March 31, 2013. The Company recorded a net profit of KD 0.703 million with earnings-per-share (EPS) of 2.95 fils in Q1 2013, compared to KD 0.404 million w... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196179/reftab/69/Default.aspx siraj mohammed Tue, 14 May 2013 05:20:12 GMT KUWAIT CITY, May 13: Warba Insurance Co (K.S.C.) — Kuwait’s fastest growing innovator of premium insurance solutions — announced today its financial results for the quarter ending 31 March, highlighting registered profits of KD 1,382,936 during th... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196178/reftab/69/Default.aspx siraj mohammed Tue, 14 May 2013 05:19:17 GMT DUBAI, May 13: Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group, welcomed HE Rob Waller, the US Consul General in Dubai; to his office on Wednesday May 8.The meeting was aimed at strengthening ties between the two. Al Habtoor and Waller h... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196177/reftab/69/t/Al-Habtoor-holds-talks-with-US-Consul-General/Default.aspx siraj mohammed Tue, 14 May 2013 05:17:33 GMT ABU DHABI, May 12: Etihad Airways has received the prestigious title of Middle East’s Leading Airline at the World Travel Awards Middle East, for a remarkable seventh consecutive year. The accolade was one of three awards won by the national airli... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196144/reftab/69/Default.aspx siraj mohammed Mon, 13 May 2013 05:22:36 GMT KUWAIT CITY, May 12: Capital Markets Authority approved the financial statements of KIPCO Asset Management Company (KAMCO) for the first quarter ending March 31, 2013, dated May 9, 2013. Particulars     March 31, 2013    March 31, 2012 Profit... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196143/reftab/69/t/KAMCO-Q1-profit-rises-to-KD-703398/Default.aspx siraj mohammed Mon, 13 May 2013 05:20:52 GMT KUWAIT CITY, May 12: Kuwait Finance House CEO and KFH-Turkey Chairman Mohammed Al-Omar announced that KFH-Turkey has achieved profit during Q1 of 2013 that reached TL 51 million, and assets reached TL 19.7 billion with a 4% increase. Funding offer... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196142/reftab/69/t/KFH-Turkey-posts-Q1-net-profit-of-TL-51m/Default.aspx siraj mohammed Mon, 13 May 2013 05:19:13 GMT KUWAIT CITY, May 12: Kuwait stocks revved up on Sunday after charting strong gains in the previous week.  The index soared 58.11 pts in volatile trade to 7827.57 points — a fresh multi-year high. Mid and low caps paced whereas blue chips were subd... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196141/reftab/69/t/Kuwait-bourse-rallies-in-volatile-trading-/Default.aspx siraj mohammed Mon, 13 May 2013 05:18:10 GMT LONDON, May 11: This week DLA Piper, the global law firm, took part in the high profile event organised by UK Trade & Investment (UKTI), ‘Opportunity Kuwait’, at London’s Guildhall. It was attended by UK and Kuwaiti government ministers, as well a... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196109/reftab/69/t/Expert-discusses-private-sector-role-in-shaping-future-of-Kuwait/Default.aspx siraj mohammed Sun, 12 May 2013 05:05:09 GMT KUWAIT CITY, May 11: Recent trade data show that Kuwait’s trade surplus reached an all-time high of KD 25.9 billion in 2012, surpassing the previously set record level of KD 21.2 billion in 2011. The surplus, estimated at around 53 percent of annu... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196108/reftab/69/Default.aspx siraj mohammed Sun, 12 May 2013 05:03:10 GMT Kuwait Stock Exchange (KSE) ended last week with variance on its indices. The price index ended last week with an increase amounted to 2.31 percent, while the weighted index increased by 0.32 percent compared to the closings of the week before, wher... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196107/reftab/69/t/KSE-ends-week-trading-with-variance-on-its-indices/Default.aspx siraj mohammed Sun, 12 May 2013 05:02:03 GMT LONDON, May 11, (AFP): Global commodities traded with mixed results this week, with oil dented by record-high US crude reserves and the strong dollar, while investors braced for the results of a two-day finance meeting of the Group of Seven (G7) h... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196106/reftab/69/t/Oil-dented-by-rising-US-reserves-strong-dollar/Default.aspx siraj mohammed Sun, 12 May 2013 05:00:33 GMT LONDON, May 10, (RTRS): Turkey imported around 100,000 barrels per day of Iranian oil in March, in line with the average of the past six months and far below the levels Ankara used to buy from Tehran before European Union’s sanctions came into for... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196079/reftab/69/t/Turkish-Iran-oil-imports-steady/Default.aspx siraj mohammed Sat, 11 May 2013 05:36:43 GMT WASHINGTON, May 10, (RTRS): The United States has blacklisted two companies it says helped Iran evade sanctions on oil sales and slapped penalties on four Tehran-based firms it says helped the Islamic Republic enrich uranium, the latest efforts to... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196077/reftab/69/t/US-blacklists-two-companies-for-evading-Iran-oil-sale-sanctions/Default.aspx siraj mohammed Sat, 11 May 2013 05:34:02 GMT MUMBAI, May 10, (AFP): Car sales in India slid by over 10 percent in April, industry data showed Friday, marking the longest ever stretch of monthly declines in the country’s once red-hot car market. “We have never seen a successive monthly declin... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196075/reftab/69/t/Indian-car-sales-on-longest-ever-declining-streak/Default.aspx siraj mohammed Sat, 11 May 2013 05:32:20 GMT TOKYO, May 10, (Agencies): The dollar soared above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan’s sluggish economy and improved US economic figures. The US dollar rose as hig... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196074/reftab/69/t/Dollar-rises-above-100-yen-for-first-time-in-four-years/Default.aspx siraj mohammed Sat, 11 May 2013 05:30:45 GMT KUWAIT CITY, May 9: Kuwait stocks resumed rally on Thursday after a moderate pullback in the previous session. The index climbed 44.49 points in volatile trade to 7,769.46 points helped by renewed buying in some of the mid and low caps. The banks ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196055/reftab/69/Default.aspx siraj mohammed Fri, 10 May 2013 08:05:05 GMT KUWAIT CITY, May 9: Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of Kuwait Food Company (Americana) for the first quarter ending March 31, 2013, dated May 9, 2013. Particulars    Mar 31, ’13    M... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196054/reftab/69/Default.aspx siraj mohammed Fri, 10 May 2013 08:01:37 GMT KUWAIT CITY, May 9, (RTRS): Fitch Ratings has affirmed Kuwait International Bank’s (KIB) Long-term Issuer Default Rating (IDR) at ‘A-’ with a Stable Outlook and Viability Rating (VR) at ‘b+’. A full list of rating actions is at the end of this rel... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196053/reftab/69/Default.aspx siraj mohammed Fri, 10 May 2013 07:57:53 GMT LONDON, May 9, (RTRS): Iran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western sanctions, according to shipping data and industry sources. Two Iranian very large crude carriers (VLCCs) able to ho... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196052/reftab/69/t/Iran-routes-oil-via-Indonesia-/Default.aspx siraj mohammed Fri, 10 May 2013 07:54:30 GMT KUWAIT CITY, May 8: Kuwait bourse saw a pullback on Wednesday after the 13- day winning spree. The index slid 49.08 pts in volatile trading to 7,724.97 pts weighed by profit taking across the board. The bourse has been markedly bullish amid opt... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196009/reftab/69/Default.aspx siraj mohammed Thu, 09 May 2013 05:25:02 GMT KUWAIT CITY, May 8, (Agencies): Zain, Kuwait’s No.1 telecom operator, reported a 27 percent fall in first-quarter net profit, missing analysts’ estimates, due to a steep devaluation in the Sudanese pound and loss-making unit Zain Saudi. The former... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196008/reftab/69/t/Zain-records-net-profit-of-KD-52-million-in-Q1/Default.aspx siraj mohammed Thu, 09 May 2013 05:22:04 GMT KUWAIT CITY, May 8: Capital Markets Authority approved on May 6, 2013 the financial statements of Bayan Investment Company for the first quarter ending March 31, 2013. Particulars    March 31,    March 31,      2013     2012    Profit (los... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196007/reftab/69/t/Bayan-chalks-KD-789253-Q1-net-profit/Default.aspx siraj mohammed Thu, 09 May 2013 05:20:13 GMT KUWAIT CITY, May 8, (Agencies): The Central Bank of Kuwait (CBK) released today the provisional figures for the Balance of Payments (BOP) of the State of Kuwait for 2012 and revised data for the 2010 and 2011 in accordance with the guidelines of t... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/196006/reftab/69/Default.aspx siraj mohammed Thu, 09 May 2013 05:18:06 GMT Kuwait Finance House “KFH” organized training courses and workshops for newly hired female employees, to inform them about the banking services and Islamic banking industry in addition to the philosophy of banks. Besides, to fully qualify them to wo... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195971/reftab/69/t/KFH-organizes-training-programs-for-newly-hired-female-employees/Default.aspx siraj mohammed Wed, 08 May 2013 05:38:09 GMT KUWAIT CITY, May 7: Kuwait Gulf Oil Company (KGOC) and Saudi Arabian Chevron (SAC) signed an EPC contract for the refurbishment of the Wafra Main Gather Center (MGC) at Hilton Resorts Tuesday. The partitioned zone in Wafra, shared between Saudi ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195970/reftab/69/Default.aspx siraj mohammed Wed, 08 May 2013 05:36:17 GMT KUWAIT CITY, May 7: Kuwait Stock Exchange announced that the Board of Directors approved the financial statements of Kuwait China Investment Company (KCIC) for the first quarter ending March 31, 2013, dated May 6, 2013. Particulars    Mar 31, ’... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195969/reftab/69/t/Kuwait-China-Investment-Co-posts-sharp-fall-in-Q1-profits/Default.aspx siraj mohammed Wed, 08 May 2013 05:33:43 GMT KUWAIT CITY, May 7: Kuwait stocks picked up momentum on Tuesday following a tame end in the previous session.  The bourse, after a wobbly start, rallied 57.71 points to wind up at 7,774.05 pts, the highest level since first week of October 2009. T... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195968/reftab/69/Default.aspx siraj mohammed Wed, 08 May 2013 05:30:20 GMT DUBAI, UAE May 6: The Arabian Hotel Investment Conference (AHIC 2013) geared up even more global hospitality leaders in its second day, with Patron HE Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports and President of Dubai Dept for Ci... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195936/reftab/69/t/Al-Habtoor-honored-at-AHIC-2013/Default.aspx siraj mohammed Tue, 07 May 2013 05:26:27 GMT KUWAIT CITY, May 6: United Industries Company (UIC), a member of the Kuwait Projects Company (KIPCO) Group, posted KD 3,618,768 in net profit for the first quarter of 2013. This represents an increase of 37% over the same period in 2012, where the... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195933/reftab/69/Default.aspx siraj mohammed Tue, 07 May 2013 05:24:05 GMT KUWAIT CITY, May 6: Kuwait Financial Centre “Markaz” recently published the executive summary of its report on analyzing the implication of hosting FIFA World Cup 2022 in Qatar. In this research note, Markaz identifies FIFA specific investments and ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195932/reftab/69/t/World-Cup-projects-seen-to-boost-Qatar-GDP-/Default.aspx siraj mohammed Tue, 07 May 2013 05:22:44 GMT SYDNEY, May 6, (Agencies): Kuwait-based Asiya Investments has launched an Islamic trade finance fund with $20 million in seed capital, aiming to cater to small Asian manufacturers. Asiya, whose largest shareholder is sovereign wealth fund Kuwait I... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195929/reftab/69/t/Kuwait-firm-launches-Islamic-finance-fund/Default.aspx siraj mohammed Tue, 07 May 2013 05:20:43 GMT Burgan Bank recently held its yearly gathering event at the Salwa Sabah Al Ahmad Al Sabah hall with an objective to recognize the efforts of its employees, and reward them for contributing to the bank over the years. The event was attended by Burgan... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195895/reftab/69/t/Burgan-Bank-marks-2012-achievements-during-annual-employee-gathering/Default.aspx siraj mohammed Mon, 06 May 2013 04:57:27 GMT KUWAIT CITY, May 5: Qurain Petrochemical Industries Company (QPIC) posted KD 22.61 million net profit for the financial year ended March 31, 2013. This compares favorably to a net profit of KD 14.85 million made in the similar twelve month period ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195894/reftab/69/Default.aspx siraj mohammed Mon, 06 May 2013 04:56:02 GMT KUWAIT CITY, May 5: After the meeting of the Al Mazaya Holding Company Board of Directors held on May 2nd   and headed by Chairman Rashid Al Nafisi, the company announced its financial results for the 1st quarter of 2013. Rashid Al Nafisi said tha... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195893/reftab/69/Default.aspx siraj mohammed Mon, 06 May 2013 04:54:42 GMT KUWAIT CITY, May 5: Kuwait stocks extended the bull run on Sunday with strong gains. The price index surged 121.51 points to 7715.35 points – the highest level since October 2009.  The small and mid-caps continued to attract brisk trading whereas ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195892/reftab/69/Default.aspx siraj mohammed Mon, 06 May 2013 04:53:43 GMT KUWAIT CITY, May 4: Kuwait National Petroleum Company (KNPC) received the IAE International Arch of Europe Quality Award in the Golden Category due to commitment to Quality, Leadership, Technology and Innovation. The company represents success for... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195858/reftab/69/Default.aspx siraj mohammed Sun, 05 May 2013 05:01:40 GMT KUWAIT CITY, May 14: Doha Bank, which has a full branch in Kuwait and is one of the leading banks in the region with operations in the GCC, hosted the second of its latest series of summits on Real Estate, Infrastructure And Urban Planning, held a... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195857/reftab/69/Default.aspx siraj mohammed Sun, 05 May 2013 04:58:50 GMT KUWAIT CITY, May 4: NBK Capital announced today the successful sale of its stake in Sama Educational Company KSCC (“SAMA”) which manages and operates a diversified portfolio of educational assets serving the K-12 market. Kuwait Investment Opportun... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195856/reftab/69/t/NBK-Capital-completes-SAMA-stake-sale-to-Al-Razzi/Default.aspx siraj mohammed Sun, 05 May 2013 04:57:17 GMT KUWAIT CITY, May 4: KGL International for Ports, Warehousing & Transport (KGL PI) received the “Most Efficient” Ports Management and Operating Company award, topping in the highly contested “Efficiency” category in the region during the recent Wor... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195855/reftab/69/t/KGL-PI-wins-Ports-management-award/Default.aspx siraj mohammed Sun, 05 May 2013 04:54:53 GMT LONDON, May 3, (RTRS): China, Russia and Kazakhstan are among the few trade allies still providing a lifeline to Iran’s vital steel and iron ore sector after most Western suppliers and buyers have cut ties due to growing sanctions pressure. While ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195838/reftab/69/t/Trade-allies-throw-lifeline-to-Iranian-steel-industry/Default.aspx siraj mohammed Sat, 04 May 2013 06:22:15 GMT A report issued by KFH-Research stated that the level of inflation in Kuwait in March has been the lowest during the past three and half years, recording 1.6% y-o-y. This is due to a drop in the rates of housing , facilities, items, and home service... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195837/reftab/69/Default.aspx siraj mohammed Sat, 04 May 2013 06:20:58 GMT ISLAMABAD, May 3, (AFP): Pakistan has discovered a new gas reserve in southern Sindh province that would help reduce acute gas shortages for industry and transport, the petroleum ministry said Friday. Italian energy major ENI with joint venture ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195836/reftab/69/t/New-gas-discovered-in-southern-Pakistan/Default.aspx siraj mohammed Sat, 04 May 2013 06:19:24 GMT MUMBAI, May 3, (AFP): India’s central bank cut its main interest rate by 25 basis points on Friday in the third such move this year, but said there was “little space” for further reductions to help the slowing economy. After meeting in the financi... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195835/reftab/69/Default.aspx siraj mohammed Sat, 04 May 2013 06:18:31 GMT KUWAIT CITY, May 2: Kuwait stocks scaled more ground on Thursday to end the week on positive note. The index climbed 31.01 points in volatile trade to settle at a 31-month high of 7593.84 pts. Some of the banks and select low caps paced even as in... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195811/reftab/69/Default.aspx siraj mohammed Fri, 03 May 2013 07:05:59 GMT TOKYO, May 2, (KUNA): Kuwait’s crude oil exports to China jumped 77.5 percent in March from the previous month to 730,000 tons, equivalent to around 173,000 barrels per day (bpd), latest government data showed. Kuwaiti share of Chinese crude oil i... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195810/reftab/69/Default.aspx siraj mohammed Fri, 03 May 2013 07:02:34 GMT KUWAIT  CITY, May 2: Kuwait Finance House (KFH) car showroom in Shuwaikh witnessed the inauguration ceremony of the new generation of multi-use sports car “Mazda CX-9 2013” outside the agent showroom – Kuwaiti company for importing cars, “Shaye an... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195809/reftab/69/t/KFH-showroom-hosts-Mazda-CX-9-2013/Default.aspx siraj mohammed Fri, 03 May 2013 06:58:57 GMT DUBAI, May 2: Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group today welcomed former Jordanian Prime Minister Dr Abdel-Salam Al-Majali at the Group head office on Al Wasl Road. Al-Majali, who is a friend of Al Habtoor, was twice the Prime... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195808/reftab/69/t/Al-Habtoor-meets-ex-Jordan-PM/Default.aspx siraj mohammed Fri, 03 May 2013 06:57:56 GMT KUWAIT CITY, May 1: Porsche Centre Kuwait, Behbehani Motors Company, revealed the new Cayman and Cayman S at an exclusive launch recently. Around 600 guests and witnessed the unveiling of the sports coupé at the Arraya Ballroom in Kuwait City. The... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195751/reftab/69/t/Porsche-Centre-Kuwait-unveils-new-Cayman-and-Cayman-S/Default.aspx siraj mohammed Thu, 02 May 2013 05:32:56 GMT KUWAIT CITY, May 1: Orbit Showtime Network (OSN), a leading Pay-TV network in Middle East and North Africa (MENA), on Wednesday opened a new showroom in Dajeej, south of Farwaniya. The new flagship state-of-the-art showroom, located in Dajeej, is ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195750/reftab/69/t/OSN-opens-new-showroom-in-Dajeej/Default.aspx siraj mohammed Thu, 02 May 2013 05:31:35 GMT KUWAIT CITY, May 1: Kuwait stocks kicked off the month with solid gains on Wednesday. The index vaulted 132.29 pts in a broad rally to wind up at 7,562.83 pts, the highest level since October 2009. The surge was paced by mid and low caps even a... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195749/reftab/69/t/KSE-kicks-off-month-with-solid-gains/Default.aspx siraj mohammed Thu, 02 May 2013 05:29:20 GMT KUWAIT CITY, May 1: Kuwait Energy (“the Company”), one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced an update on its financial and corporate activities during its first quarter. ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195748/reftab/69/Default.aspx siraj mohammed Thu, 02 May 2013 05:28:05 GMT DUBAI, May 1: Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group today welcomed French Ambassador to the UAE, His Excellency Alain Azouaou, at the Group head office on Al Wasl Road. The meeting was aimed at strengthening already good tie... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195747/reftab/69/t/Al-Habtoor-welcomes-French-ambassador/Default.aspx siraj mohammed Thu, 02 May 2013 05:23:04 GMT KUWAIT CITY, April 30: Kuwait stocks consolidated the gains on Tuesday following the robust rally during the month. The index edged 2.27 pts higher in volatile trading to wind up the month at 7430.54 points — a three-year high. The market mood was... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195715/reftab/69/Default.aspx siraj mohammed Wed, 01 May 2013 05:30:55 GMT KUWAIT CITY, April 30: KIPCO – the Kuwait Projects Company – has announced net profit of KD 8.6 million ($ 30.2 million), or 6.34 fils ($2.23 cents) per share for the first three months of 2013 – an increase of 1 per cent compared to the KD 8.5 mi... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195714/reftab/69/Default.aspx siraj mohammed Wed, 01 May 2013 05:28:56 GMT ANKARA, April 30: Deputy Prime Minister and Minister of Finance Mostafa Al-Shemali inaugurated on Monday the 229th branch of KFH-Turkey in Ankara, on the sideline of his official visit to Turkey as part of the delegation accompanying His Highness ... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195713/reftab/69/Default.aspx siraj mohammed Wed, 01 May 2013 05:26:59 GMT DUBAI, April 30: Al Habtoor Group Chairman Khalaf Ahmad Al Habtoor today welcomed Peter Szijjártó, Hungary’s Minister of State for Foreign and External Economic Affairs, at the Al Habtoor Group head office on Al Wasl Road. Szijjarto was first elec... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195712/reftab/69/t/Al-Habtoor-hosts-Hungarian-delegation/Default.aspx siraj mohammed Wed, 01 May 2013 05:26:13 GMT KUWAIT CITY, April 29: Aspinal of London, a uniquely distinct United Kingdom brand for luxury leather creations on Monday opened its first store outside the UK at the Avenues Mall in Kuwait in the presence of the British Ambassador Frank Baker and... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195674/reftab/69/t/Aspinal-London-opens-store-in-Kuwait/Default.aspx siraj mohammed Tue, 30 Apr 2013 05:10:02 GMT KUWAIT CITY, April 29: After trading broadly flat through March, crude oil prices dropped sharply in early April. The price of Kuwait Export Crude (KEC) fell from a peak of $107 per barrel (pb) on April 2 to just under $100 ten days later. This wa... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195673/reftab/69/t/Crude-prices-drop-sharply-on-demand-concerns-in-early-April/Default.aspx siraj mohammed Tue, 30 Apr 2013 05:02:51 GMT KUWAIT CITY, April 29: Al Ahli Bank of Kuwait announcedits financial results for the first quarter ended 31 March 2013, and reported a net profit of KD 7.1million. Earnings per share amounted to 4 fils with return on assets of 0.96 % and return on... http://arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/195672/reftab/69/Default.aspx siraj mohammed Tue, 30 Apr 2013 04:59:33 GMT