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Fri Jul 8 23:46:15 EDT 2011
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Banks keep Kuwait bourse up by 0.07%, - Kuwait: The KSE Market Index closed 0.07% higher on Thursday at 6,212.9 points. Mushrif Trading and Contracting Co. soared 8.92%, closing at KD0.122. Al Safat Real Estate Co. plummeted 12.12% to KD0.0145. Al-Ahli Bank of Kuwait surged 1.5%, ending at KD0.670. The banking sector index and the food segment were the only segments which added value. [AMEInfo.com]


V. Five Continents Hospitality Group opens Ramada Plaza in Kuwait in the 3rd Quarter 2012 - Kuwait: Committed to providing the discerning travelers with a wide range of high-quality, superior value for money lodging options in socially responsible, healthy atmosphere V. Five Continents Hospitality Group is operating 2 outstanding properties in the UAE and negotiating 15 projects. [AMEInfo.com]

IFA Hotels & Resorts gains the most at Kuwait market - Kuwait: The KSE Market Index closed 0.08% lower at 6,208.5 points on Wednesday. IFA Hotels and Resorts, one of the weakest performing shares in in Kuwait in the first half of 2010, posted the largest advance, closing 7.24% higher at KD0.370. [AMEInfo.com]

Markaz signs Memorandum of Understanding with The French Institution for International Relations for Economic Sustainability Studies - Kuwait: Kuwait Financial Centre S.A.K. 'Markaz', one of the leading investment banking and asset management companies in the Middle East, announced the signing of a memorandum of understanding with The French Institution for International Relations (IFRI) to launch the "National Program for Economic Sustainability Studies". [AMEInfo.com]

GIC Gulf Bond Fund achieves 3.29% year-to-date return - Kuwait: Kuwait-based Gulf Investment Corp (GIC) has said the half yearly returns for its Gulf Bond Fund, the GCC's oldest and largest fixed income fund, has achieved a year-to-date return of 3.29%, Oman Daily Observer has reported. The fund, which was launched in 2005, aims to generate a return in excess of short-term bank deposits. It also seeks maximum current income and price appreciation, consistent with the preservation of capital and low return volatility. [AMEInfo.com]