Tuesday , February 20 2018

Business

‘Kuwaiti Dinar most valuable currency in the world’

US dollar most circulated currency worldwide KUWAIT CITY, Dec 24: Recent report of the web application Listography indicates the American dollar is not the most valuable currency although widely circulated, reports Al-Anba daily. Report added the Kuwaiti Dinar is the most valuable currency worldwide while other Arab currencies also made …

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Oil companies back to basics

Majors eyeing Gulf region as ideal location to invest Independent Oil Analyst Now with the end or near end of shale oil revolution as shale oil seems to be reaching its peak and there is gradual reduction in the easy oil shares, traditional oil companies are starting to focus again …

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Bitcoin goes on a wild ride and it may only get crazier – Experts warn digital currency is about to burst

NEW YORK, Dec 23, (AP): What’s a bitcoin worth? Lately nobody knows for sure, but after a wild ride on Friday, it’s worth a good deal less than it was Thursday. After losses over the last few days, the digital currency fell as much as 30 percent overnight in Asia, …

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‘Kuwait weakest among Gulf countries in terms of economic performance’

‘Every adopted developmental plan a failure’ KUWAIT CITY, Dec 21: Economic expert Jassem Al-Sa’adoun indicated that Kuwait is the weakest among the Gulf countries in terms of economic performance due to lack of public management of its affairs, reports Al-Qabas daily. He explained that the rate of growth of Kuwait …

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Bitcoin suffers dramatic price plunge in Asia

EU seeks ‘urgent’ response to bitcoin bonanza TOKYO, Dec 20, (AFP): Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange had been hacked. The unit, which hit a record $19,500 at …

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Kuwaiti equities head south; volume shrinks – UPAC dives 85 fils; NBK gains

KUWAIT CITY, Dec 20: Kuwait stocks headed south on Wednesday, snapping the six-day gaining spree. The bourse clawed back from a mid-session dive to close 36.16 points down at 6,384.48 points as investors toed caution heading into year end. The banks and other heavyweights were mostly muted. The KSX 15 …

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Kuwait satisfied with level of oil output cut – Reduction at 122 pct in Nov

KUWAIT CITY, Dec 20, (KUNA): Kuwait’s Oil Minister and Chairman of the Joint Ministerial Monitoring Committee (JMMC) Bakheet Al- Rasheedi announced Wednesday that OPEC and Non-OPEC countries’ commitment to the output reduction level reached 122 percent for November, the highest percentage since January 2017. This statement came after the Joint …

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KOC signs deal of KD 35.9 million with Chinese BGP company

KUWAIT CITY, Dec 19:  Kuwait Oil Company (KOC) has signed a contract worth KD 35.9 million with the Chinese company BGP Company, reports Al- Anba daily quoting informed sources. They said the company will carry out a 3D seismic survey of the western region based on the contract. According to …

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Kuwait records current account surplus of KD 424mn

CBK publishes Balance of Payments report for Q3 2017 KUWAIT CITY, Dec 19, (KUNA): The Central Bank of Kuwait (CBK) published today the preliminary data of the Balance of Payments (BOP) of the State of Kuwait for the third quarter of 2017 and the restated data of the second quarter …

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‘Kuwait Vision 2035’ to spotlight private sector support to economy

‘Kuwait, Tajikistan ready to bolster economic ties’ KUWAIT CITY, Dec 19, (KUNA): The “Kuwait Vision 2035” will foreground the private sector’s backing to the national economy, and achieving sustainable development, said Secretary General of the Supreme Council for Planning and Development (GSSCPD) Dr Khaled Al- Mahdi. Talking to KUNA on …

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