Thursday , October 19 2017

Business

KSE extends losses as index falls 30.9 pts to 5,602.38 pts – Shares for KD 16 mln traded; most sectors end in red

KUWAIT CITY, Dec 14: Kuwait Stocks plunged 30.9 points or 0.55% to stand at 5,602.38 points, further extending losses with most sectors logging red indices. The weighted index staggered 3.62 points lower to 381.27 at the session’s close. The KSE 15 benchmark slid 13.54 points into the red to stand at …

Read More »

Saudi Telecom sets offer price for Viva takeover – Kuwaiti firms shares plunge 9.1 pct

DUBAI, Dec 14, (RTRS): Saudi Telecom Co (STC) will offer 1 dinar ($3.30) per share to buy out other shareholders in its Kuwaiti affiliate Viva, the former monopoly said on Monday, amounting to a 9 percent discount to Viva’s last closing price. STC, owner 26 percent of Viva, is seeking full …

Read More »

Inflation rate ticks higher at 3.2% in October

Inflation in consumer prices was just a tick higher in October, rising from 3.1% year-on-year (y/y) in September to 3.2% y/y. Inflation across most components remained broadly stable; clothing & footwear inflation appears to have gained the most momentum on a month-on-month basis. Core inflation (which excludes food items) also …

Read More »

Al Mazaya showcases its projects at Cityscape Kuwait – Company keen to always be present at local and international events.

KUWAIT CITY, Dec 13: Al Mazaya Holding Company has concluded its participation as a Gold Sponsor of the proceedings of the 2nd edition of Cityscape Kuwait, which was organised on Kuwait International Fairgrounds, Mishref, between Dec 9- 11, 2015. A select number of real estate investment companies from Kuwait and …

Read More »

Al Habtoor meets Ethiopian Consul General – Investment opportunities explored

DUBAI, UAE, Dec 13: The Chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, met with a delegation from Ethiopia on Thursday Dec 10, 2015 at the Al Habtoor Group head office. The delegation was led by His Excellency Yibeltal Aemero Alemu, Consul General of the Federal Democratic Republic …

Read More »

Subsidy cuts on petrol to hurt citizens, expats – Smart ID holders to benefit

KUWAIT CITY, Dec 13: Subsequent to announcement by the Ministry of Finance few days ago, which confirmed that government will first lift subsidy from petrol and gradually include other commodities, government sources have said the system of preserving subsidy on petrol will be applied through civil ID to guarantee the …

Read More »

KSE index ends in red zone to close at 5,633.28 points – Oil and gas sector plunges to 788.5 points

KUWAIT CITY, Dec 13: Kuwait stocks plunged 52.87 points in the red to stand at 5,854.99 points at the start of the week as low risk attitudes prevailed.  The weighted index pulled 1.11 points lower to stand at 384.89 points. The KSE 15 benchmark trudged 1.45 points upwards to close …

Read More »

Exclusive discounts for Gulf Bank Priority Banking customers at Behbehani Boutique – Special offers to continue until Dec 15

KUWAIT CITY, Dec 12: Gulf Bank invites its Priority Banking customers to enjoy exclusive discounts at Behbehani’s Luxury Boutique in Al Hamra Luxury Centre in Kuwait.  The exclusive offer will continue until Tuesday, Dec 15. Gulf Bank and Behbehani United Company for General Trading jointly organized a special event on …

Read More »

EQUATE wins Innovation Tech Award – Project completed in 3 days with over $14 mln savings

Kuwait city, Dec 12: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, received the Innovation Technology Award, an international recognition from the Dow Chemical Company (Dow), for executing a project to clean the Ethylene Unit (EU) process equipment in less than 3 days. The award-winning project, which was …

Read More »

Crude oil price below $40 is not sustainable – Pure Speculation

It is not possible nor practical for oil prices to fall below $40 a barrel. Everybody is predicting that oil prices will decline to as low as $30 or even $25, but this is pure speculation just to gain more publicity or to be known as the one who forecasted …

Read More »
Translate »