Wednesday , October 18 2017

Business

KFH-Turkey sets up portfolio management firm KT Portföy – Company to operate as per principles of Sharia: Albayrak

KUWAIT CITY, Feb 7: Setting the course of the participation (Islamic) banking sector with its powerful capital, robust partnership structure, and 26-year history, Kuwait Finance House-Turkey (KFH-Turkey) will bring its customers investment products that are yet unavailable or uncommon on the Turkish investment market through its new undertaking, KT Portföy. …

Read More »

Al-Dawli net profit rises 17% to KD 16.1m in 2015 – Total assets up 8% to reach KD 1.79 billion

KUWAIT CITY, Feb 7: Sheikh Mohammed Al-Jarrah Al-Sabah, Chairman of Kuwait International Bank (Al Dawli) announced that during 2015, the Bank’s profits have grown by 17% to reach KD16.1 million compared to KD13.7 million in 2014. This growth is attributable to an increase in revenues accompanied by an improved control …

Read More »

KSE climbs 8.46 pts in lackluster trade – NBK gains 10 fils; Zain slips

KUWAIT CITY, Feb 7: Kuwait stocks nudged higher on Sunday after charting a strong rebound in the previous week amid strong earnings and uptick in oil prices. The main index climbed 8.46 pts in lackluster trade to 5,206.83 pts even as the investors turned cautious. The KSX 15 benchmark rose …

Read More »

Year-end results dismal for global oil companies – Firms cutting investments, jobs

Certainly, the financial results of all oil industries are very poor irrespective of whether it is an international oil company or the biggest oil producer globally. All are in the same boat. According to the published results for the international oil market, the profits of all oil companies fell by …

Read More »

Iran oil sales to Europe above 300,000 bpd after ‘sanctions’ – Glencore loading Iranian fuel oil directly from Bandar Mahshahr

DUBAI, Feb 6, (RTRS): Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran’s crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels per day (bpd), according to the ministry’s news agency. Iran’s oil exports, which had peaked at more …

Read More »

Kuwait bourse ends in green; volume soars

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,198.37 points, up by 3.75% from the week before closing, the Weighted Index increased by 3.62% after closing at 357.34 points, whereas the KSX-15 Index closed at 840.55 points up by 3.81%. Furthermore, last …

Read More »

Crude oil prices wobble in another choppy week – Supply glut concerns, flagging dollar weigh

LONDON, Feb 6, (AFP): The global oil market has faced another choppy week as dealers tracked supply glut concerns, the flagging dollar and the poor demand outlook centred once again on China. Prices kicked off with three-week highs on Monday after Russia said last week that it could meet the …

Read More »

KSE price index up 3.75 percent – Upbeat trend witnessed during the week amid positive earnings

KUWAIT CITY, Feb 5: The KSE indices all continued to witness a positive trend, after a long interval of negative closings, amid many counters reporting positive earnings throughout the week. The KSE Price Index saw a increase of 3.75% to close at 5,198.37, as well the KSX-15 closed at 848.55 …

Read More »

Saudi riyal devaluation would carry major political risk – Depegging could immediately raise the price of goods, hit living standards

RIYADH, Feb 5, (RTRS): A devaluation of Saudi Arabia’s currency could cause such political instability that Riyadh has little choice but to stick to its promise to use vast foreign exchange reserves to defend the riyal’s 30-year-old peg to the US dollar. Currency traders have been betting against the Saudi …

Read More »

WB sees Kuwait GDP growth of 2.5% in ’16, 2.7% in ’17 – Oil, war stunt region

WASHINGTON, Feb 5, (Agencies): The World Bank in a report published Thursday, forecast Kuwait’s GDP growth at 2.5 percent in 2016 and 2.7 percent in 2017. In the report, the World Bank said that 2015 economic growth in the Middle East and North Africa likely came to just 2.6 percent, …

Read More »
Translate »