King Abdullah is sick الله يشافي الملك عبدالله

Update here: King Abdullah leaves for the US for further treatment and testing.

King Abdullah, ruler of Saudi Arabia, is sick with a slipped disc. The 86-87 year old king was ordered by doctors to rest and undergo treatment. My Saudi friends say that the King’s health is more serious than just a slipped disc. I hope it’s not true.

King Abdullah has made some bold positive steps in modernizing SA since he came into power in 2005. He’s had tremendous advances towards liberalism and advancement with much lower Islamic fundamentalists’ intrusion. These are some of the King’s achievements so far:

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Chinese build a 15 story hotel in just 6 days!!

Watch the chinese build an entirely new 15 story hotel in just 6 days. That’s quite amazing!

How salaries vanish so fast

Best pic to describe salaries!

NBK’s reports Q3 profits of $790 Million

  • Q3 Net profit of $ 790 Million, 11% over same period last year.
  • 3 month July-Sept. Net profit of $ 283 Million, up 5% over same period last year.
  • Total Assets is $ 44 Billion, vs. $ 42.7 Billion a year ago.
  • You can read more here.

George W Bush is visiting Kuwait

KIPCO is inviting George W. Bush, US ex-president, to a luncheon in his honor this Thursday Oct. 13th.

The lunch will be attended by a few selected people, or as I call them the few very lucky few.

I would steer away from Salmiya and Gulf Road this Thursday noon till afternoon, or you might get stuck in traffic.

National Bank of Kuwait’s capital increase starts today

  • 10% capital increase at 500 fils per share.
  • Can be done in all NBK branches.
  • Starts Oct 5 and ends Oct 21.

Older related posts are here and here.

Anyone knows what’s happening here?

  • Kuwait Finance House’s shares had a weird trading day today.
  • More than 4 million shares were traded 30 seconds of trading.
  • That’s more than 2/3 of the whole trading shares.
  • All of them were at the price of KD 1.180, even though most of the trades of the day were at 1.160.
  • The market, as a whole, was down and red.

Do you think something is going on? I mean, don’t get me wrong. I would be over the moon. I haven’t been very lucky with my last purchase of KFH, and would love to see some money come my way.

So, anyone know anything?

An older related post is here.

Notice anything funny?

Take a look at this shot, and tell me if you see what I see. Ever since the news about Etisalat buying like half of Zain got out, all of Al-Khorafi group shares on Kuwait Stock Exchange are full limits up.

Here’s to other shares in the market…. Yala ya Bait El-Tamweel, tala7la7 shway.

Older related posts are here and here.