Thursday , October 18 2018

Business

Gold down for 5th consecutive month

Prices slip below $1,200 per ounce KUWAIT CITY, Sept 9, (KUNA): Global gold prices continued dropping for the fifth consecutive month below $1,200 per ounce, affected by the US dollar’s strong performance, said Sabaek Al-Kuwait for precious minerals company. In its weekly report released on Sunday, Sabaek said the US …

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Kuwait stocks kick off week with a downtick

NBK rallies 4 fils, Humansoft Holding slips KUWAIT CITY, Sept 9 : Kuwait stocks sagged Sunday after eking modest gains in the previous week. The All Shares Index dropped 10.87 points in sluggish trading to close at 5,138.55 points weighed by some of the mid-caps even as the overall sentiment …

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Kuwait-funded $65.5 million gas plant aims to boost Jordan’s energy security

AMMAN, Sept 8, (KUNA): A liquefied natural gas (LNG) port worth $ 65.5 million funded by Kuwait is among the most superlative projects the Gulf state has undertaken in Jordan, with the aim of providing Amman with diverse energy sources. As a testament to the camaraderie both nations have long …

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Plan to allow purchase of extra construction proportion

KUWAIT CITY, Sept 6: Director General of Kuwait Municipality Eng Ahmad Al-Manfouhi has unveiled the plan to allow once again the purchase of extra construction proportion in Kuwait City as it was done in the past, reports Al- Rai daily. In his statement to the daily, Al- Manfouhi affirmed that …

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Kuwait Industrial Authority wins accreditation from GAC

KUWAIT CITY, Sept 6, (KUNA): Kuwait Public Authority for Industry (PAI) announced Thursday its quality laboratories won accreditation certificate from GCC Accreditation Center (GAC). PAI said in press statement the certificate will enhance the ability of Kuwait’s local products to reach more GCC and global markets as part of the …

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Kuwait Airways Corporation dismisses Kuwait Aviation Services Co’s board

New members named KUWAIT CITY, Sept 6: The Board of Directors of Kuwait Airways Corporation (KAC) held a meeting during which it dissolved the board of directors of Kuwait Aviation Services Company (KASCO), reports Al-Anba daily quoting informed sources. They explained that the decision was taken after a number of …

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Kuwaitis rank 3rd in ‘halal’ tourism expenditures

KUWAIT CITY, Sept 5: A study issued by Dubai Chamber of Commerce and Industry revealed that Kuwaitis ranked third internationally after the Emiratis and Saudis in ‘halal’ tourism expenditures for the year 2017, reports Al-Qabas daily. The study was based on data from Mastercard and the World Travel and Tourism …

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Kuwait market edges higher; volume soars

UPAC jumps 59 fils, KIPCO flat KUWAIT CITY, Sept 5: Kuwait stocks closed higher on Wednesday extending last session’s modest rebound. The All Shares Index trimmed stronger early gains to end 10.55 pts up at 5,143.22 points paced by select counters even as overall sentiment remained mixed. The Premier Market …

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Supplying of chlorine to Shuaiba Industrial Zone costs KD 3.8 mln

KUWAIT CITY, Sept 5: The cost for supplying chlorine to the cooler plant in Shuaiba Industrial Zone is KD 3.8 million, reports Al-Rai daily quoting informed sources. They explained that the process of supplying is through direct contracting with Al-Kout Company for Industrial Projects. The Public Authority for Industry has …

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Mubarak Al-Kabeer Port waiting for 6 tenders to execute projects

Loading and unloading cargo by 2021 KUWAIT CITY, Sept 4: Mubarak Al- Kabeer Port is waiting for the floating of six tenders to execute projects related to loading and unloading cargo by the year 2021 – the agreed time-frame, reports Al- Rai daily. A source close to the Ministry of …

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