Sunday , October 22 2017

Business

KSE retreats 15.87 pts amid lacklustre trade – Kout Food Group dips 50 fils; KFH gains

KUWAIT CITY, March 7: Kuwait stocks sagged on Monday partly reversing the gains in the previous session. The bourse dropped 15.87 pts in a lackluster trade amid selling in select counters. Some of the banking shares eked modest gains whereas other heavyweights remained largely muted. The KSX 15 benchmark eased …

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KPC inks MoU to develop Pakistani oil wells – MoU to be implemented through KUFPEC

KUWAIT CITY, March 6, (KUNA): The state-run Kuwait Petroleum Corporation (KPC) has signed a memorandum of understanding with the Pakistani Ministry of Petroleum and Natural Resources (MPNR) for developing oil wells in the south Asian country. In a press statement, the KPC said that the MoU would be implemented through …

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Zain recognizes distinguished performance of VAS partners – Company holds honoring ceremony and workshop at main headquarters

KUWAIT CITY, March 6: Zain, the leading telecommunications company in Kuwait, recognized the distinguished performance of its Value Added Services partners for the year 2015 during an honoring ceremony held at the company’s main headquarters in Shuwaikh, where it also held the 7th VAS workshop for its partners. Zain’s executive …

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Low oil prices put strains on Gulf currency pegs – Region unliklely to abandon policy yet

KUWAIT CITY, March 6, (AFP): Weak oil prices pose a threat to Gulf Arab states’ currency pegs against the dollar, but the energy-rich region is unlikely to abandon the policy yet, analysts say. Bahrain, Oman, Qatar, Saudi Arabia and the United Arab Emirates all keep the values of their currencies …

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Kuwait gains 36.58 pts amid surge in volume – Americana rallies 100 fils; NBK flat

KUWAIT CITY, March 6: Kuwait stocks swung higher on Sunday after posting strong gains in the previous week. The bourse climbed 36.58 points to 5,280.58 pts helped by broad buying even banks closed narrowly mixed. The KSX 15 gauge inched 1.66 pts higher to 856.29 points taking the month’s gains …

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OPEC to oil market: Firm commitment before cut – ‘Oil freeze deal seems to be working’

Firm commitment before oil reduction — this is the message that OPEC has been sending to the market. We must witness firm commitment from Russia before taking the second step of oil reduction in the coming months. The price of one barrel of oil is approaching $37, which is an …

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Kuwait bourse ends week’s trading in green – Market cap up 1.52% to reach KD 23.98 billion

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,244.00 points, up by 1.34% from the week before closing, the Weighted Index increased by 1.61% after closing at 362.10 points, whereas the KSX-15 Index closed at 854.63 points up by 1.96%. Furthermore, last …

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Moody’s cuts outlooks for four Gulf states – Bahrain to ‘junk’

DUBAI, March 5, (Agencies): Moody’s Investors Service has cut its outlook for the debt ratings of Saudi Arabia and three other Gulf states while lowering Bahrain’s rating to junk, citing concern over the impact of low oil prices on their finances. Saudi Arabia’s Aa3 rating was placed on review for …

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Real estate loans hit KD 26.8 mln

KUWAIT CITY, March 5, (KUNA): The total number of real estate loans in February was 836, amounting to KD 26.8 million, while total portfolio loans were 23, with a value of KD 222,000, Kuwait Credit Bank (KCB) announced Saturday. In a statement, KCB revealed that the total number of property …

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