Business

Trump proposes $100 billion in new tariffs on Chinese goods

WASHINGTON (AP) — President Donald Trump has instructed the U.S. trade representative to consider slapping an additional $100 billion in tariffs on Chinese goods in a dramatic escalation of the trade dispute between the two countries. Trump’s surprise move Thursday came a day after Beijing announced plans to tax $50 …

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Kuwait registers current account surplus for Q4/’17

Amount registered represents a hike of 127.1% KUWAIT CITY, April 5: The Central Bank of Kuwait (CBK) published today the preliminary data of the Balance of Payments (BOP) of the State of Kuwait for the fourth quarter of 2017 and the revised data of the third quarter of the same …

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‘Kuwait’s investments in US reach $300 bln’

US, Kuwait commercial exchange value exceeds $6 bln – Silverman KUWAIT CITY, April 4: The American Ambassador to Kuwait Lawrence Silverman reveals that the value of the commercial exchange between Kuwait and the USA exceeds $6 billion, reports Al-Anba daily. In a press release, he said last year witnessed an …

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KIPCO holds AGM and Shafafiyah Forum 2018, approves 10% cash dividend, 5% stock dividend – Group will continue to uphold prudent internal practices and diversify investments

KUWAIT CITY, April 4: At its Annual Shafafiyah ‘Transparency’ Investors’ Forum, KIPCO — the Kuwait Projects Company (Holding) — said that the challenging operating environment was expected to continue to impact the performance of the Group companies in 2018, but that 2019 should mark the beginning of recovery. At the …

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EQUATE participates in Annual Career Fair at Kuwait University

KUWAIT CITY, April 4: In its endeavor to attract the best human capital for the continued growth of the industry and economy, EQUATE Petrochemical Company, a global producer of petrochemicals, continues supporting the professional development of students by participating in the 18th Annual Career Fair at Kuwait’s University’s (KU) College …

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Bahrain announces discovery of shale oil – Reserve estimated at 80 bln barrels

MANAMA, April 4, (AFP): Bahrain on Wednesday announced its newly discovered shale oil reserve was estimated to contain more than 80 billion barrels, making the once-marginal oil producer potentially a major player in the market. The amount of recoverable oil — or oil that can be extracted — is still …

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India’s Jet Airways to buy 75 Boeing jets in multi-billion dollar order

Mumbai, April 4, 2018 (AFP) -Indian airline Jet Airways has entered an agreement to buy 75 Boeing 737 MAX aircraft in a deal that could be worth more than $7 billion. The country’s second-largest airline made the announcement to the Mumbai stock exchange late Tuesday. The company did not specify …

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Oil to solar: Saudis push to be renewable energy powerhouse – Kingdom aims to produce up to 200 gigawatts of power by 2030

AL UYAYNA, Saudi Arabia, April 3, (AFP): Saudi engineers whip up a simulated sandstorm to test a solar panel’s durability at a research lab, the heart of the oil-rich kingdom’s multibillion dollar quest to be a renewable energy powerhouse. The world’s top exporter of crude seems an unlikely champion of …

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IDB launches $50 million ‘innovation fund’ By Khaled Jabbar

TUNIS, April 3, (KUNA): The Islamic Development Bank (IDB) launched on Tuesday a $500 million “innovation fund” for funding scientific and technological inventions throughout the globe. This came at a ceremony held on margins of the annual meetings of the IDB Group, which kicked off in Tunisia on Sunday, as …

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Kuwait GDP seen to grow

KUWAIT CITY, April 3: A new forecast by the Business Monitor International (BMI) Research says Kuwait’s real GDP in 2018 will grow following a contraction in 2017, reports arabianbusiness.com The BMI in its report said the oil production will do little to support the growth in the short-term, given the …

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