Saturday , December 16 2017

Business

Kuwait trade surplus steady in 2nd quarter – Imports growth holds firm

KUWAIT CITY, Oct 23: Kuwait’s trade surplus narrowed slightly to KD 1.5 billion in 2Q17, as softer oil prices led oil exports lower. Meanwhile, imports continued to improve after some weakness in 2016, thanks to solid capital goods imports data and some recovery in consumer goods. The surplus is slated …

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Kuwait’s index ‘closes’ lower, volume rebounds – Americana jumps 199 fils; Agility falls

KUWAIT CITY, Oct 23: Kuwait stocks retreated sharply on Monday as declines in oil and gas and insurance shares offset gains in consumer goods. The main index tumbled 27.5 points in a lackluster trade to close at 6,622.56 points. The KSX-15 benchmark was down 1.22 points to 1,000.98 points while …

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Kuwait abides by OPEC’s oil output quota: KOC chief exec – OPEC, non-OPEC compliance with output cuts reach 120%: JMMC

KUWAIT CITY, Oct 22, (KUNA): Kuwait has affirmed its adherence to the crude oil output quota as set by the Organization of Petroleum Exporting Organization (OPEC), estimated at 2.707 million barrels per day (more) Jamal Jaafar, Chief Executive Officer of Kuwait Oil Company (KOC), said on Sunday that the company …

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Kuwait’s inflation up

KUWAIT CITY, Oct 22, (KUNA): Average domestic inflation climbed 0.53 percent in September, as compared to the same month last year, said the Central Statistical Bureau (CSB) on Sunday. The index for the first main group (food and beverages) went up by 0.65 percent, compared to the same month in …

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Kuwait’s stocks climb 16.99 pts; volume dips – Americana plummets 299 fils; Kuwait Cinema surges

KUWAIT CITY, Oct 22: Kuwait stocks closed higher on Sunday to kick off week on a positive note. The main index rose 16.99 points in choppy trading to close at finish at 6,650.06 points as the board remained mixed. The KSX-15 benchmark fell 0.24 point to 1,002.20 points, while the …

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Oil market improving on compliance with cutbacks – Saudi minister Al-Falih makes high profile visit to Iraq

BAGHDAD, Oct 21, (Agencies): The global oil market is improving and stabilising as oil exporting nations are fully complying with an agreement to curb supply in order to lift crude prices, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday. The secretary general of the Organisation of the Petroleum …

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Hesitant Saudi Aramco and its privatization challenge – Transparency critical for int’t exchanges

Since the Saudi oil giant’s announcement to go public, the international press has been raising some crucial questions concerning the public offering of five percent assets by the end of next year. The press’ questions are related to transparency and complete openness to the public, opening of its books and …

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Kuwait stocks end mixed during last week

Boursa Kuwait ended last week with mixed performance. The Price Index closed at 6,633.07 points, up by 0.07% from the week before closing, the Weighted Index decreased by 0.01% after closing at 431.52 points, whereas the KSX-15 Index closed at 1,004.88 points down by 0.01%. Furthermore, last week’s average daily …

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AUB achieves KD 40 mn net profit for 9M – Total operating income rises 6.6% to KD 84.5 mn; total assets up 4.9%

KUWAIT CITY, Oct 18: Ahli United Bank reported a Net Profit KD 40 mn for the nine months ending on 30 September 2017 in comparison to KD 39.1 mn for the same period in 2016, after the financial statements have been approved by AUB’s Board of Directors and the Central …

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‘Projects in Kuwait will boost value added oil’ – BH providing expertise and digital solutions to oil cos: Knoon

KUWAIT CITY, Oct 18, (KUNA): Oil projects currently carried out in Kuwait would promote value added to oil industry in the country, Sufyan Knoon, Regional Manager of Baker Hughes in Gulf and Turkey, said on Wednesday. Speaking to KUNA on the sidelines of the 3rd Kuwait Oil and Gas Show …

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