KUWAIT
13th May 2007 : Web Edition No:12881
Editor-in-Chief
:
Ahmed Jarallah
Solutions needed to tackle energy woes; Power outages, water shortages loom large
Private companies are buying electricity generators in expectations of power cuts this summer. The question that is being asked daily in Kuwait is: Of what use is the surplus money which we are generating because of the steep rise in oil prices. Why this money has not been used to have excess water and increase the capacity of generating electricity to meet our growing demand. It’s a known fact t
Opec will face pressure to boost output: Kuwait; Kuwait plans major shake-up in oil sector
KUWAIT (Agencies): Opec will come under pressure to increase oil output due to high prices, a newspaper on Saturday quoted the Kuwaiti oil minister as saying. “For sure, there will be strong pressure on Opec to raise production,” Sheikh Ali al-Jarrah al-Sabah told Kuwaiti daily al-Qabas, without elaborating from whom the pressure might come. The International Energy Agency (IEA) on Friday called
Dubai to double Bawadi resort investment to $54 bln; GSH, IAM sell assets of Al Bait
KUWAIT (KUNA): Kuwait-based Global Securities House (GSH) and London-based ABCIB Islamic Asset Management Limited (IAM) announced Saturday the successful sale of the assets of the jointly-sponsored Al Bait UK Real Estate Fund for 58.8 million sterling pounds ($116.6 million). In a statement, GSH said the early exit has generated profits significantly in excess of targeted returns. The Al Bait Fun
Bid to complete IPO launched in 2004; Kuwait’s Qurain to list existing stock in debut
KUWAIT (RTRS): Kuwait’s Qurain Petrochemical Co said on Saturday it would list only existing shares in its market debut expected in the next few months to complete an initial public offering launched in 2004. The firm, which invests in petrochemicals projects, sold 990 million shares worth KD 99 million ($342 million) starting in 2004 in what it called then the Gulf Arab state’s biggest IPO. On W
Investors advised to hold long positions with ‘stop loss’ at 10,825-point level; KSE sentiment mixed, but bias towards buy side
The market opened last week at the 10855-point level, and rose to register a high at 10961 on the 6th May 2007. It then declined to register a low at 10835 on 8th May 2007 and finally rose on the last day and closed the week at 10945. On a week on week basis it gained a 100 points. Sentiment was mixed but the bias was towards the buy side of the market. The question is: Where is the market headin
More Business News
Solutions needed to tackle energy woes; Power outages, water shortages loom large
Opec will face pressure to boost output: Kuwait; Kuwait plans major shake-up in oil sector
Dubai to double Bawadi resort investment to $54 bln; GSH, IAM sell assets of Al Bait
Bid to complete IPO launched in 2004; Kuwait’s Qurain to list existing stock in debut
Investors advised to hold long positions with ‘stop loss’ at 10,825-point level; KSE sentiment mixed, but bias towards buy side
Update on the National Bank of Kuwait; KAMCO equity research on NBK
NBK sheds 20 fils, CBK tumbles 100 fils; Kuwaiti shares begin week on sombre note, up 9.4 pts
Study finds billions of Iraq’s declared oil output missing; Discrepancy valued up to $15mn daily
‘Iraq’s oil law is unworkable’; Kurd officials to meet govt
‘India given no documents yet’; Iran cannot confirm gas find
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Solutions needed to tackle energy woes; Power outages, water shortages loom large