iPhone | iPad
Android
Huawei
Closed-circuit video images showed the bus veering sharply in the road before crashing from a bridge and sinking within seconds
KT APPDOWNLOAD
31 Kuwaiti firms suspended for not posting results
The Kuwait Stock Exchange (KSE) on Wednesday suspended trading in the shares of 31 listed firms, a majority of them investment companies, for failing to report financial results on time.
A statement posted on the KSE website said the companies violated a rule that requires them to announce financial results for the first quarter within 45 days.
Many of the firms had already been suspended for not declaring results for previous periods.
Twenty of the firms suspended are investment companies that were badly hit by the global financial crisis and have so far failed to recover from its impact.
KSE, the third largest Arab bourse in market value after Saudi Arabia and Qatar, lists around 220 Kuwaiti and Gulf companies and has a capitalisation of $105 billion.
Among the firms suspended are Investment Dar and Global Investment Co., two major investment firms that have been reeling under the impact of huge debt.
More news from
EU foreign policy chief says there will be more nations following suit because Belgium has also decided to recognise Palestinian state
The vote by the 193-member General Assembly was a global survey of support for the Palestinian bid to become a full UN member
The case was filed against parties who took to their social media handle alleging that the brand was favouring a particular community
Ministry of Foreign Affairs calls for urgent, independent and transparent investigation into the incidents
The Princess of Wales announced in March she was having treatment after cancer was found following an abdominal surgery
Karim expressed her happiness at winning the medal, which added to the previous achievements of Emirati champions
Imarat has an established presence in the UAE through its subsidiary – Graana.com