• BoJ hikes inflation forecast on soaring energy prices

    TOKYO: Japan’s central bank hiked its full-year inflation forecast on Thursday but cautioned that it sees rising prices, driven by a surge in commodity costs caused by the Ukraine war, as a temporary and volatile trend.

    Read More
  • Boursa Kuwait records 60.67% jump in its net profit for the first quarter

    KUWAIT: In yet another testimony to the success of the private sector in enriching the stock exchange, one of the most important financial institutions in Kuwait, as well as its long term strategy to develop Kuwait’s capital market, Boursa Kuwait announced strong financial results for the first quarter of 2022, recording a significant jump of 60.67 percent in net profit (Attributable to the Equity Holders of the Parent Company) from KD 3.26 million in the first quarter of 2021 to KD 5.25 million in the first quarter of 2022.

    Read More
  • India slashes size of the biggest IPO

    MUMBAI: India has slashed the size of an initial public offering by insurance giant LIC but the share issue will still be the country’s largest to date, with a targeted windfall of $2.7 billion, regulatory filings showed Wednesday.

    Read More
  • Completion rate of DHAMAN hospitals exceeds 70 percent

    Al-Sanea: Completion rate of hospitals exceeded 70% to date

    Arab: Enhancing the commercial operation of DHAMAN and increasing operational revenues

    Al-Sanea: Work is underway to complete the requirements of the first operational phase of DHAMAN system during 2022

    Al-Sanea: DHAMAN cooperates with an international consulting office to recruit an operator specialized in operating the HMO system

    Al-Sanea: Company Primary Healthcare Centers witnessed increasing turnout from beneficiaries

    Arab: Two Primary Healthcare Centers in Jahra & Fahaheel to be opened during current year

    KUWAIT: The Ordinary General Assembly (GA) of the Health Assurance Hospitals Company (DHAMAN) was held yesterday at the Company’s headquarters, with an attendance percentage of (74%).

    Read More
  • Gulf Cable Co adopts promising strategy to carry out quality takeover operations

    KUWAIT: Chairman of the Board of Gulf Cable and Electrical Industries Co Bader Nasser Al-Kharafi said the company adopted a promising strategy to carry out controlled quality takeover operations, which will have positive effects on the company’s performance and revenues, in addition to shareholders’ equity.

    Read More
  • Shuaiba Industrial Co’s net profits reach KD 1,341,388

    KUWAIT: Deputy Chairman of the Board and Chief Executive Officer of Shuaiba Industrial Co Bader Al-Qattan said the company’s annual financial results reflected the strength of its financial status, its quality investments and efficiency of its operation, adding the company is committed to going ahead with achieving its goals through studied and steady steps that aim at maximizing shareholder equity.

    Read More
  • Asian region facing ‘stagflationary outlook’ amid Ukraine war: IMF

    WASHINGTON: Asian nations, like the rest of the world, are being battered by countervailing forces such as the war in Ukraine that are raising prices while holding back growth, the IMF said Monday.

    Read More
  • Gulf Bank records KD 15 million in net profit for first quarter of 2022

    KUWAIT: Gulf Bank K.S.C.P. (“Bank”) announced its financial results for the first quarter ending 31 March 2022.

    Read More
  • Musk-ruled Twitter: Users left to fight trolls and misinformation?

    SAN FRANCISCO: Elon Musk’s vow to let everyone say whatever they want on Twitter after his takeover of the social media giant could put the onus on users to combat bullying and misinformation on the platform, experts say.

    Read More