Friday , December 15 2017

Business

Kuwait oil revenues to hit KD 12.3bn for FY17/18 – Balance of total public debt instruments rises KD 150mn to reach KD 3.967bn by end of June 2017

Oil and Public Finance – September 2017 By the end of September 2017, the first half of the current fiscal year 2017/2018 ended and the average Kuwaiti oil price for September scored US$ 52.3 per barrel, up by US$ 3.8 per barrel, 7.8%, from August’s average price of US$ 48.5 …

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Indian yields jump to ‘highest’ after Reserve Bank holds rates – Rand leads emerging market currencies

LONDON, Oct 5, (RTRS): Emerging currencies broadly weakened on Thursday, with South Africa’s rand down 0.3 percent against a marginally firmer dollar, after a stark warning from the central bank over the government’s failure to tackle corruption. Earlier, Indian yields jumped to the highest since June after the central bank …

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Kuwait’s stocks dive to end week on sour note – Zain gains 3.38 pct; United Project Co dives

KUWAIT CITY, Oct 5: Kuwait stocks retreated sharply on Thursday to end the week on a sour note amid rising speculation. The price index declined 30.45 points in a lackluster trade to 6,662.11 points as the boards remained mixed. The KSX-15 benchmark rose 5.2 points to 1,028.73 points while the …

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Qatar has enough reserves to support banks – Central bank says reports of banking sector stress are false

DUBAI, Oct 4, (RTRS): Qatar’s government has enough reserves to support its banks in the face of sanctions imposed by other Arab states and reports of its banking system being under strain are false, its central bank governor said on Wednesday. “The government and the central bank are able to …

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Kuwait Energy sells 25% of shares in Egyptian oil field

KUWAIT CITY, Oct 4, (KUNA): Kuwait Energy announced Wednesday the official approval on its Farm-Out Agreement (FOA) for 25 percent of its shares in the Abu Sennan concession in Egypt to GlobalConnect Ltd (GlobalConnect). Kuwait Energy CEO Sara Akbar said, “We are very pleased to have the farm-out agreement finalized …

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Kuwait’s stocks rise as tech shares lead – Ooredoo dives 20 fils; Nafais soars

KUWAIT CITY, Oct 4: Kuwait stocks ticked higher on Wednesday as blue-chips continued to see buying following last week’s upgrade of Boursa Kuwait to secondary emerging market status. The main index climbed 27.74 pts to close at 6,692.56 pts. The KSX-15 index rose 2.22 pts to 1,023.53 pts. The weighted …

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Limak Construction meets with UK Transport Secretary Chris Grayling – Activities in Kuwait discussed

KUWAIT CITY, Oct 2: On Sept 27, 2017, Limak Construction met with Her Majesty’s Principal Secretary of State for Transport Chris Grayling of the United Kingdom to present the company’s latest activities in Kuwait and discuss future opportunities with the United Kingdom (UK). Limak is a leading contractor currently constructing …

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Kuwait ranked 1st among importers of German goods

KUWAIT CITY, Oct 2, (KUNA):With an investment volume of over EUR 30 billion, Kuwait is ranked first among importers of German goods within the European Union, and fifth on the global scale, Ambassador Karlfried Bergner said Monday. “Trade relations with Kuwait are very good. We are looking forward to beefing …

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Kuwait’s index climbs amid sluggish trading – Agility gains 10 fils; Gulf Bank up 1.24%

KUWAIT CITY, Oct 2: Kuwait’s stocks saw a modest rebound on Monday as the price index rose 2.9 points in sluggish trading to close at 6,674.53 points with mixed boards. The KSX-15 benchmark was up 0.96 points to 1,016.93 points while the weighted index fell 0.09 points. The volume turnover …

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Kuwait’s top investors to gather for 2nd edition of ArabNet confab – Meet to focus on Kuwaiti, GCC markets

KUWAIT CITY, Oct 1: Under the patronage of HE Khaled Nasser Abdullah Al-Roudan, Minister of Commerce and Industry and Minister of State for Youth Affairs, ArabNet Kuwait is back in its 2nd edition after its major success in 2016. Taking place on Oct 17-18, at the Arraya Ballroom, the conference …

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