Sunday , February 25 2018

Business

Kuwait set as investment attraction – Roadshow on

LONDON, Dec 9, (KUNA): Kuwait succeeded in providing all legislative and procedural frameworks to boost its ability in attracting foreign investments, a number of economic experts agreed here Saturday. At Kuwait Investment Outreach Roadshow, a series of three events that started in London last night, participants underlined that Kuwait, due …

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KSE indices end last week in red zone

Boursa Kuwait ended last week in the red zone. The Price Index closed at 6,186.94 points, down by 0.15% from the week before closing, the Weighted Index decreased by 1.24% after closing at 393.84 points, whereas the KSX-15 Index closed at 894.99 points down by 1.49%.Furthermore, the week’s average daily …

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Time to exit from overseas oil investments! – Kuwait should follow Norway

In line with the recent decision of Norway to sell its oil and gas investments in international oil companies, which are mainly shares worth over $60 billion, we in Kuwait should also follow suit, as the future of oil is uncertain. We must focus on our domestic oil and gas …

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‘Compliance in Kuwait with FATCA 100%’

KUWAIT CITY, Dec 7: The compliance of financial institutions with the Foreign Account Tax Compliance Act (FATCA) in Kuwait is 100 percent, reports Annahar daily quoting regulatory source. The sources added, the rate of compliance by law-abiding individuals who hold the US citizenship has reached the same percentage in the …

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Global stocks mixed, majority of GCC markets continue to pull back

KUWAIT CITY, Dec 6: Global equities closed the month of November in the green with the MSCI All Country World Index up 1.8%. In the US, the investigation into Russia meddling in the 2016 elections continues to take center stage alongside President Trump’s tax overhaul plan, while in Europe, political …

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Kuwait market closes in red; volume shrinks – Ooredoo dips 29 fils; Jazeera Airways gains

KUWAIT CITY, Dec 6 : Kuwait stocks pulled lower on Wednesday extending the losses to second straight session. The price index slipped 17.54 pts in volatile trade to 6,196.58 points weighed by banks and other heavyweights even as sentiment remained weak amid continuing regional tensions. The KSX 15 gauge dipped …

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EU places 17 nations on ‘tax avoidance’ blacklist – UAE, Panama and S. Korea included

BRUSSELS, Dec 5, (Agencies): European Union (EU) ministers adopted on Tuesday a blacklist of 17 non-EU tax havens including Panama, South Korea and the United Arab Emirates after a year of tough negotiations. The Paradise Papers leak last month gave a new impetus to the plan, making public some of …

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Kuwait real estate activity picks up in Oct

Improvement in real estate activity continues apace as sales posted strong growth figures and prices remained relatively stable. Total real estate sales grew an impressive 46% year-on-year (y/y) in October, the highest monthly growth since June 2014, reaching KD 216.9 million, on revived activity in the commercial sector as well …

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Kuwait bourse retreats slightly in choppy trade – Humansoft Holding dives 139 fils; Ooredoo flat

KUWAIT CITY, Dec 5: Kuwait stocks sagged on Tuesday snapping the two-day uptrend. The bourse fell 7.82 points in choppy trade to 6,214.12 points tracking the weakness in regional markets led by banks and some of the mid caps. The KSX 15 benchmark dropped 7.9 pts to 902.93 points trimming …

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