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Isam Al-Sager, NBK Group Chief Executive Officer
NBK issues KD 125 m 10-year Subordinated Tier 2 bonds
Isam Al-Sager, NBK Group Chief Executive OfficerKUWAIT: National Bank of Kuwait SAKP (NBK), the largest bank in Kuwait (rated Aa3 by Moody's, A+ by S&P and AA- by Fitch) successfully issued KD 125 million, 10NC5, Subordinated Tier 2, Basel III compliant bonds. The issuance represents the first investment grade-rated (Baa1 by Moody's) Basel III-compliant, Subordinated Tier 2 bond issuance in the MENA region, highlighting the underlying credit...
Khaled Fouad, Chief Investment Officer at KAMCO
KREYF distributes 3.7% in an accumulative cash dividends
Khaled Fouad, Chief Investment Officer at KAMCOKUWAIT: KAMCO announced yesterday that its KAMCO Real Estate Yield Fund (KREYF) has successfully distributed cash dividends of 1% to investors for the third quarter of 2015, reaching a total of 3.7% since inception in April 2014. The KREYF Fund, was able to reach a weighted average occupancy rate of 96% and growth of the Fund's size by 87% since inception which demonstrates the market demand for...
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Al Ahli Bank staff grab 'Long Service Recognition Awards'
KUWAIT: The Finance Division of Al Ahli Bank of Kuwait (ABK) recently honored employees who had completed between 5 and 15 years of service with the Bank. Commenting on the long-standing commitment and value of their contribution to the development of the Bank, Shiamak Soonawalla Chief Financial Officer took the opportunity to thank all staff receiving awards for their loyalty and dedication to ABK.Each department in the Bank hosts regular Long...
JERUSALEM: In this Tuesday, Nov. 10, 2015 photo, a Palestinian driver shows the “Azmeh” application, which means traffic jam in Arabic, on his mobile phone as he waits in traffic to enter Jerusalem at Qalandia checkpoint between Jerusalem and the West Bank city of Ramallah. A pair of new mobile apps hopes to help Palestinians navigate their way around snarled traffic at Israeli checkpoints in the West Bank, offering a hightech response to an intractable problem: Constant, burdensome and often seemingly random restrictions on movement. — AP
New apps help Palestinians navigate Israeli checkpoints - Free apps launched are still in their infancy
JERUSALEM: In this Tuesday, Nov. 10, 2015 photo, a Palestinian driver shows the “Azmeh” application, which means traffic jam in Arabic, on his mobile phone as he waits in traffic to enter Jerusalem at Qalandia checkpoint between Jerusalem and the West Bank city of Ramallah. A pair of new mobile apps hopes to help Palestinians navigate their way around snarled traffic at Israeli checkpoints in the West Bank, offering a hightech response to an...
SEATTLE: In this Oct 16, 2013, file photo, marijuana clone plants that are used to grow medical marijuana are displayed under a light at a medical marijuana cooperative in Seattle. — AP photos
Marijuana use during pregnancy could pose risks
SEATTLE: In this Oct 16, 2013, file photo, marijuana clone plants that are used to grow medical marijuana are displayed under a light at a medical marijuana cooperative in Seattle. — AP photosCHICAGO: Warning: Marijuana use during pregnancy and breast-feeding poses potential harms. That message would be written on medical and recreational marijuana products and posted wherever they're sold if the nation's most influential doctors group has its...
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The essential factors for success
Relationships in life are what keep you going, whether it is was friends, partner or lover, each and every relationship you're a part of is completely different than the other, depending on the person you are dealing with. People who encourage and cheer you on are the type of people you want to keep around you. They enjoy watching you grow and bloom, however, others might enjoy watching you be destroyed. What's scary about this is that the people...
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BOMBERG launch event held by Bomberg and Behbehani Group
BOMBERG, the new Swiss Watchmaking brand that's causing a stir, and Behbehani Group launched the brand in TikTok, Soku - The Avenues on Monday November 9th. Ali Morad Behbehani, President of Morad Yousuf Behbehani Group, Rick De La Croix, Chairman of BOMBERG and Jacques Tedeschi, Sales Director of BOMBERG Middle East, commenced the event with an introduction of the brand before allowing the media and customers to view the BOMBERG collection."It...
Kendall Jenner (left) and Kylie Jenner arrive at Chadstone Shopping Centre in Melbourne yesterday. — AFP photos
Kendall and Kylie Jenner tour: Fan faints at throbbing Melbourne appearance
Kendall Jenner (left) and Kylie Jenner arrive at Chadstone Shopping Centre in Melbourne yesterday. — AFP photosChanting, screaming, fainting - Kendall and Kylie Jenner's appearance at a Melbourne shopping Centre had it all. The heirs to the Kardashian crown (or is that krown?) can certainly draw a crowd, with fans lining up as early as 9am to get a glimpse of the famous sisters in the flesh.Chadstone became a heaving, sweating moshpit on...
Ahmad Al-Jassar , Ali Al-Omair and Yaqoub Al-Sanea
Partial cabinet reshuffle to solve complications?
Ahmad Al-Jassar , Ali Al-Omair and Yaqoub Al-SaneaKUWAIT: In view of complications over the oil sector crisis, ministers' rejection of solving problems through reshuffles and the grilling motion filed by MP Saadoun Hammad against the resigning Minister of Electricity and Water, Ministry of Public Works Ahmad Al-Jassar, it seems that a partial reshuffle would be the only solution the government can adapt to avoid the complications imposed by...
Saad Al-Azmi
KOC denies reports of offshore oil discoveries
Saad Al-AzmiKUWAIT: Kuwait Oil Company (KOC) Monday denied as “false” a report by a local newspaper that Kuwait has made offshore oil discoveries. Offshore explorations are in their initial stages following completion of Three Dimensional Survey, said Saad Al- Azmi, KOC Deputy CEO for Administration and Finance.KOC has already announced 3-D Seismic Survey in Kuwait Bay, operations that are ongoing, Azmi, also KOC spokesman, told KUNA. He...
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Expats main reasons for cheap services in Kuwait
KUWAIT: Kuwaitis’ cost of living would increase by as high as 100 percent if it was not for expatriate labor forces in Kuwait, economic researcher Mohammad Ramadan said in a recent study.Prices of products and services are cheap locally because of cheap labor, compared with higher prices by in western oil countries such as Norway, he said.The study shows the dire need for expatriate labor in vital sectors including the health and education...
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Health insurance fee for visitors mulled
KUWAIT: Health Ministry Undersecretary Dr Khaled Al-Sahlawi said the ministry is studying the possibility of imposing health insurance on visitors, adding that this proposal was on the agenda of the parliament’s health committee during its meeting last Monday.The fees should be added to the value of air tickets, or the visitor can pay them at the border, he said. Meanwhile, a private school in Hawally Education Zone registered a case of H1N1...
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BAGHDAD: Iraqi Prime Minister Mohamed Shia Al-Sudani poses with ministers and delegates from the region, including Kuwaiti Deputy PM and Interior and Defense Minister Sheikh Fahad Al-Yousef Al-Sabah, attending an anti-drug trafficking conference on July 22, 2024. - AFP
Iraq becoming major drug conduit
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Set of female hands holding beautiful flowers. Different skin colored elegant woman hands isolated. Happy international women's day. Girl power. Feminism. Modern vector illustration in flat style
Inner seasons of a woman
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Defense praises Arifjan, Beuhring military chief
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(Left) Mahmoud Al-Aloul, Vice Chairman of the Central Committee of Fatah, China's Foreign Minister Wang Yi, and Musa Abu Marzouk, senior member of Hamas, attend an event at the Diaoyutai State Guesthouse in Beijing on July 23, 2024. - AFP photos
Palestinians to form unity govt
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Undersecretary of the Kuwaiti Ministry of Higher Education, Lamia Al-Melhem holds talks with the Omani Minister of Higher Education, Scientific Research, and Innovation, Dr Rahma Al-Mahruqiya. - KUNA
Kuwait, Oman discuss education, research