Wednesday , August 22 2018


Wall Street ticks up as data points to improving economy – Bond yields sink, oil prices fall, gold climbs

LONDON,  July 1, (Agencies): The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove US and European government bond yields to their lowest in years. Signs that the world’s big …

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Kuwait stocks drop in slightly volatile trade – Ooredoo surges 100 fils; Gulf Insurance Group up 30 fils

KUWAIT CITY, June 30: Kuwait stocks declined on Thursday to wind down the week on a weak note as investors booked profits ahead of Eid holidays. The price index sank 10.21 points in slightly volatile trading to close at 5,364.57 points led by banks and real estate. The KSX-15 index …

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OPEC oil output hits record high in June – Nigeria posts biggest rise

LONDON, June 30, (RTRS): OPEC’s oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria’s oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies. Higher supply from major Middle East producers except Iraq underlines their …

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Etihad Cargo launches luxury car service for summer 2016 – Drivers can enjoy up to 20 percent off air cargo rates and seats in First or Business Class

ABDU DHABI, June 30: Etihad Cargo, the freight division of Etihad Airways, has launched a unique, new travel offer for guests who want to travel with their luxury car over the Summer period. Drivers can enjoy up to 20 percent off air cargo rates and their seat, when they book …

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Kuwait oil average price scores $44.3 pb – KSE weak performance continues in first half

Oil and Public Finance – June 2016 By the end of June 2016, the first quarter of the current fiscal year 2016/2017 ended and average price for Kuwaiti oil for most of June scored US$ 44.3 per barrel, which is US$ 3 per barrel (7.3%) higher than the average of …

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Kuwait stocks edge lower in lacklustre trade; volume dips – Ooredoo dives 60 fils; Americana flat

KUWAIT CITY, June 29: Kuwait stocks edged down on Wednesday after modest gains in the previous two sessions. The price index fell 0.43 pts in lackluster trade to close at 5,374.78 pts as the board remained mixed. The KSX-15 index tumbled 6.09 pts to 811.69 pts. The weighted index shed …

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Egypt bans use of debit card abroad

CAIRO, June 29, (RTRS): Egypt has ordered banks to stop clients from using their Egyptian pound account debit cards abroad, a central bank official said on Wednesday, a move to combat the country’s acute foreign currency shortage. “We sent a letter to bank chiefs today to stop the use of …

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Microsoft Kuwait reinforces commitment to growth, expansion – New Kuwait office to facilitate growth for enterprise and business partners

KUWAIT CITY, June 29: In support of its regional growth and expansion plans, Microsoft Kuwait, recently moved to a larger and more central office, which will accommodate the company’s growing team, business, and solution suite. The new office will also feature new amenities for employees and visitors, improved customer experience …

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ABK receives two coveted awards in Dubai – ‘Best Small Call Centre’ and ‘Best Escalation Management’

KUWAIT CITY, June 29: Al Ahli Bank of Kuwait (ABK) was recently honored at the Annual Insights Middle East Call Center Awards, where it received two coveted awards; the ‘Best Small Call Center’ and ‘Best Escalation Management’. Ms Sawsan Abdulla, Senior Manager Alternative Delivery Channels and Nawaf Al Khrayef, Call …

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AUB offers special safety deposit boxes – Initiative includes diversified array of benefits for customers

KUWAIT CITY, June 28: Ahli United Bank (AUB) announced today that it is offering customers the chance to book their special safety deposit boxes to safely place their items of value. The service is part of the Bank’s preparations to accommodate customers’ needs throughout the summer and holiday seasons. Ahli …

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