Thursday , September 20 2018

Business

MEW policy change causing $2m loss for Al-Zour Refinery

Arab official touts Kuwait’s youth backing KUWAIT CITY, Aug 13: The loss borne by Al-Zour Refinery due to the change in the policy of Ministry of Electricity and Water is estimated at $2 million, reports Al-Qabas daily quoting informed sources. They explained that the ministry changed the policy for generating …

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Investors in Turkey eye return of forex markets following dramatic lira decline

Real estate experts split on the impact of the currency’s woes on sector KUWAIT CITY, Aug 12: Investors in Turkey are looking forward to the return of foreign exchange markets Monday following the dramatic decline of the Turkish lira last Friday, reports Al-Anba daily. The Kuwaiti investments in Turkey are …

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Kuwait equities retreat into red, volume drops

KFH shed 10 fils, KIPCO flat KUWAIT CITY, Aug 12: Kuwait stocks swung lower on Sunday following last week’s winning spree. The All Shares Index dipped 23.99 pts in  choppy trade to 5256.87 points as  profit taking  dragged most of the heavyweights into red. The Premier Market  skidded  31.74 points …

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Turkey shaken by financial fears, Kuwaiti investors become jittery

Trump rattles it further with promise to double tariffs ANKARA, Aug 11, (Agencies) : Kuwaiti investors in Turkey are becoming jittery following the decline in the exchange rate of the Turkish lira which has fallen to record levels, reports Al-Rai daily. The Turkish lira fell 19 percent against the dollar …

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Oil companies show us your books

‘Be more transparent’ Some leading international consultancy houses are asking international oil companies to open their books and reveal future oil prices especially since the demand for oil will peak by 2036. They should reveal whether they are prepared to meet such a demand, and what their forecast prices range …

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Boursa Kuwait ends trading in green

Boursa Kuwait ended last week in the green zone. The Premier Market Index closed at 5,455.85 points, up by 1.99%, the Main Market Index increased by 0.34% after closing at 4,963.10 points, and the All-Share Index closed at 5,280.86 points up by 1.44%. Furthermore, last week’s average daily turnover increased …

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Kuwait winds up week with slight ‘pullback’

Mabanee jumps 14 fils; KFH trips KUWAIT CITY, Aug 9: Kuwait stocks saw a slight pullback on Thursday snapping the six-day gaining spree. The All Shares Index slipped 6.29 points in a lackluster trade to 5,280.86 pts even as the heavyweights closed mixed. The Premier Market dipped 10.41 pts to …

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Mezzan Holding reports H1 net profit of KD 6.8mn

Group revenue rises 1.5% to KD 109.4mn during first half KUWAIT CITY, Aug 9: Mezzan Holding KSC, one of the largest manufacturers and distributors of food, beverage, FMCG and pharmaceutical products in the Gulf, today announced the company’s financial results for the first half ending June 30, 2018. H1 2018 …

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Kuwait Businesses Center receives 350 transactions daily

KUWAIT CITY, Aug 9,: Kuwait Businesses Center receives 350 transactions daily, reports Al-Qabas daily quoting Services Supervisor at the center Saleh Al-Thufairi. Al-Thufairi told the daily that the center processes applications for establishment of companies within 48 hours, except the issuance of licenses as this requires approval of Kuwait Municipality …

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Kuwaiti officials predict stagnant crude oil price until 2018 year end

OPEC may need extraordinary meeting over output changes: Iran KUWAIT CITY, Aug 8, (Agencies): The price of oil in the global market is highly expected to remain within the range of $70 to 75 per barrel until the end of the year, a Kuwaiti official said on Wednesday. Geopolitical factors …

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