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CMA to launch public offering of its 50% stake in Boursa Kuwait
Subscription period starts on Oct 1, ends on Dec 1, 2019 KUWAIT: Kuwait's Capital Markets Authority (CMA), the regulatory body for securities and current owner of 50 percent of Kuwait's only stock exchange, Boursa Kuwait Securities Company (BKSC), announced yesterday that the subscription period for the public offering of its stake in the exchange is from October 1, 2019 to December 1, 2019. The transaction is the second and final phase of the...
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Boursa Kuwait All-Share Index drops 2.8% in Aug: NBK Capital
GCC markets under pressure over trade tensions, recession fearsKUWAIT, September: GCC markets ended the month of August in the red as the S&P GCC Composite shed 6.23 percent dragged down mostly by the Saudi and UAE markets. The largest decline was in Saudi Arabia where the Tadawul All-Share Index lost 8.16 percent, shrinking its year-to-date performance to 2.47 percent. August witnessed the second and final phase of the Saudi MSCI inclusion which...
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GCC banking sector's total assets grow on higher interest income
Conventional banks grow at 2.3% rate, Islamic banks increase balance-sheet by 1.3%KUWAIT: The GCC banking sector recorded one of the biggest growth in total assets during Q2-19 that reached $2.23 trillion. Sequential growth in assets during Q2-19 stood at 2.0 percent while the y-o-y growth was 6.4 percent, one of the highest over the pasts few quarters. The growth came primarily on the back of conventional banks that grew assets at 2.3 percent...
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Kuwait Taekwondo fighters win eight medals in Beirut Open
BEIRUT: Taekwondo athletes from Kuwait stockpiled an octad of medals amid stiff competition at the 2019 Beirut Open Taekwondo Tournament. The Kuwaiti Taekwondo fighters claimed a pair of gold medals, one silver and five bronzes, according to the head of the Kuwaiti delegation to the event Ali Bin Haider, who spoke to KUNA via telephone yesterday. "We are proud of our national team and congratulate the athletes on their impressive performances,"...
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Al-Mulla welcomes new basketball coach
KUWAIT: Public Authority for Sport (PAS) Deputy Director General for Competitive Sports sector Dr Saqer Al-Mulla received Chairman of Basketball Federation Rasheed Al-Enezi, and National Team Coach Adel Al-Telati, who was recently appointed. Al-Mulla wished the new coach good luck in improving the team's performance and level, and lauded him for his experience and talent.
CHITTAGONG: Afghanistan cricketer Rashid Khan (L) celebrates with his teammates after the dismissal of Bangladesh cricketer Musfiqur Rahim during the fourth day of the one-off cricket Test match between Bangladesh and Afghanistan at the Zohur Ahmed Chowdhury Stadium in Chittagong yesterday. —AFP
Spinners Rashid, Zahir Khan take Afghanistan close to historic win
Bangladesh reduced to 136-6 before rain forced early stumps CHITTAGONG: Spinners Rashid Khan and Zahir Khan shared five wickets between them as Afghanistan came within four wickets of a historic win over Bangladesh in the one-off Test in Chittagong yesterday. The visitors -- playing only their third Test ever -- reduced Bangladesh to 136-6 before rain forced early stumps on the fourth day, with the hosts, who were set a record target of 398 runs,...
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Glamor and pop-art energy at first day of New York Fashion Week
Christian Siriano and Christopher John Rogers took New York by storm Saturday, kicking off the first official day of Fashion Week in shows teeming with life and glamor, a much-needed infusion of energy that recent seasons have lacked. Red-carpet favorite Siriano has been propelled to the forefront of the American ready-to-wear scene and is one of the few designers to use plus-size models in his shows. On Saturday, the evening-gown specialist...
US director Todd Phillips (second right), flanked by US actor Joaquin Phoenix (right) and President of the Venice Biennale Paolo Baratta, holds the Golden Lion award for Best Film he received for the movie ‘Joker’ during the awards ceremony of the 76th Venice Film Festival
'Joker', Polanski win top prizes at Venice film festival
"Joker", a daring take on the comic book villain starring Joaquin Phoenix, won the Golden Lion for best film at the Venice film festival Saturday with Roman Polanski controversially taking second prize. It is the first superhero film ever to get this kind of arthouse kudos, and could now be on its way to Oscar glory. The last two Venice winners-"Roma" and "The Shape of Water"-have gone on to lift the best picture Academy Award. US director Todd...
ASSAM: People stand in a queue to check their names on the final list of the National Register of Citizens (NRC) in an office in Pavakati village of Morigoan district, some 70 kms from Guwahati, the capital city of India’s northeastern state of Assam. —AFP
As India builds first camp for illegals, some workers fear detention there
Indian state Assam ‘on the brink of a crisis’GOALPARA: Across a river in a remote part of India's northeast, laborers have cleared dense forest in an area equivalent to about seven soccer fields and are building the first mass detention centre for illegal immigrants. The camp in the lush, tea-growing state of Assam is intended for at least 3,000 detainees. It will also have a school, a hospital, a recreation area and quarters for security...
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IS claims Philippine blast
MANILA: The Islamic State militant group has claimed responsibility for an explosion at a public market in the southern Philippines that wounded at least seven people early on Saturday. The group issued a statement saying the motorcycle bombing had wounded seven Filipino Christians at a public market. It was the fourth blast in the area in 13 months, according to the Philippine military, which said a militant group operating in the mostly...
LONDON: Police officers remonstrate with demonstrators on Parliament Square, during an anti-government protest calling for the Prime Minister’s resignation, near Whitehall and Downing Street. — AFP
UK PM vows to fight on despite Brexit blows
LONDON: The British government insisted yesterday that Boris Johnson would fight on as prime minister despite seeing a top cabinet ally quit and his do-or-die Brexit strategy blocked by parliament. Johnson rose to power six weeks ago by injecting his trademark optimism into a ruling Conservative party that was cracking under the pressure of Britain's worst crisis in generations. He now finds himself outflanked by pro-EU opponents and the country...
KASHMIR: An Indian policeman clashes with Indian Kashmiri Shiite during a strict curfew in Lal Chowk area of Srinagar on the 8th day of Muharram yesterday. —AFP
India tightens Kashmir lock-down
KASHMIR: An Indian policeman clashes with Indian Kashmiri Shiite during a strict curfew in Lal Chowk area of Srinagar on the 8th day of Muharram yesterday. —AFP SRINAGAR: Authorities yesterday tightened a month-long security lockdown in Indian Kashmir's main city of Srinagar after breaking up religious processions by Shiite Muslims who defied a ban. A military clampdown was imposed in Muslim-majority Kashmir from August 5 to prevent unrest as...
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Bader Al-Kharafi
Gulf Bank’s Islamic shift, KD 1.5bn value key achievements as Bader Al-Kharafi steps down
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Sheikh Talal Al-Khaled Al-Sabah
Former interior, defense minister jailed for 14 yrs
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HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah arrives in Scotland on the personal invitation of King Charles III of the United Kingdom and Northern Ireland on Jan 14, 2025. - Amiri Diwn photos
Amir’s visit to UK boosts ties
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AYRSHIRE: Britain's King Charles III holds an audience with His Highness the Amir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, at Dumfries House, Cumnock, on January 15, 2025. - AFP
Kuwait's Amir visits UK King in Dumfries House
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Taxes will target commodities harmful to human health: Kuwait's Finance Minister