Sunday , September 23 2018

Business

Current price of oil reflects level of demand and supply in market

OPEC plays vital role in controlling prices KUWAIT CITY, July 23: Oil expert Muhammad Al-Shatti is of the view that the current price of oil reflects the level of demand and supply in the market, coupled with recovery of Libyan oil production and announcement by OPEC members and other oil …

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Kuwait’s sovereign fund UK unit said to buy oil, gas pipeline firm

Bid beats JP Morgan, Blackstone LONDON, July 23, (RTRS): The British infrastructure arm of Kuwait’s sovereign wealth fund has agreed to buy oil and gas pipeline firm North Sea Midstream Partners (NSMP) for around £1.3 billion ($1.7 billion) from ArcLight Capital, according to two sources. Wren House, the London-based infrastructure …

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KFH eyes strategic option with AUB-Bahrain

KUWAIT CITY, July 22: Kuwait Finance House (KFH) Chairman Hamad Abdulmohsen Al- Marzouq said the Bank is currently deliberating with Ahli United Bank – Bahrain (AUB), the possibility of creating one of the largest Islamic banks in the Middle East. This step comes in line with KFH’s strategy of growth …

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KIPCO continues its support for ‘The Protégés’

A trip to exercise students’ mind and body KUWAIT CITY, July 22: announcing for the sixth consecutive year, Kuwait Projects Company (Holding) (KIPCO) will be joining The Protégés as a strategic partner on their annual trip this year taking place in Swansea, Wales represented by Ms Abeer Al Omar Director …

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Private sector’s CSR contribute to Kuwait’s overall development

‘Social responsibility should be based on total transparency’ KUWAIT CITY, July 22, (KUNA): Social responsibility projects (CSR) carried out by the private sector are contributing to the overall development of Kuwait and its governance system. By allocating a percentage of its profits to aid social campaigns, the private sector is …

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S&P affirms Kuwait sovereign rating

PUBLIC, EXTERNAL BALANCE SHEETS STRONG OVER NEXT 2 YEARS KUWAIT CITY, July 21, (KUNA): Standard and Poor’s affirmed Friday Kuwait’s (AA/A-1+) long and short-term foreign and local currency sovereign credit ratings, with stable economic outlook. The credit rating agency, in a statement on its website, said it expected Kuwait to …

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Boursa Kuwait announces its full membership with FEAS exchanges

FEAS facilitates integration with global markets and exchanges KUWAIT CITY, July 21: Boursa Kuwait has announced its membership with the Federation of Euro-Asian Stock Exchanges (FEAS), which facilitates its integration with global financial markets and exchanges. Through this membership, Boursa Kuwait will be a member of a federation that gathers …

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‘Oil prices at its best’

OIL prices are beginning to stabilize at a comfortable level within the $70 range, which is making everyone happy including the American administration. It was because of the combined efforts of all producers that oil prices were brought to a stable acceptable range, with USA hinting about using its oil …

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Gulf Bank records an increase of 18 pct in net profit for H1, 2018

Earnings hit KD 27 million in first six months KUWAIT CITY, July 21: Gulf Bank K.S.C.P. announced its financial results for the first half of 2018. The Bank recorded a net profit of KD 27 million in the first 6 months of 2018, an increase of 18% over the same …

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Kuwait to get e-cars

KUWAIT CITY, July 19: Kuwait Chamber of Commerce and Industry (KCCI) has requested all concerned authorities to provide necessary requirements for the entry of electric cars to Kuwait’s market, reports Al-Rai daily. Report added KCCI received a letter from Yousef Ahmad Al-Ghanim and Sons Company indicating the intention to start …

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