Business

Signs point to deal on crude output: Kuwait OPEC governor – Official sees higher average prices second half

KUWAIT, April 5, (RTRS): All signs suggest a meeting of oil-producing countries on April 17 will deliver an agreement to freeze output, Kuwait’s OPEC governor and two sources said, suggesting Iran’s aim to raise supply will not scupper a deal aimed at supporting prices. The Kuwaiti governor, Nawal Al-Fuzaia, also said …

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Inflation retreats to 3.1 pct in February

Inflation in consumer prices eased in February on the back of a slowdown across most components. Headline inflation eased from 3.3 percent year-on-year (y/y) in January to 3.1 percent in February. Core inflation (which excludes food costs) also edged slightly lower to 2.7 percent y/y during the same period. We …

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Kuwait treads water amid drop in volume – NBK gains 10 fils; Americana dips

KUWAIT CITY, April 5: Kuwait stocks trod water on Tuesday after retreating in the last three sessions. The price index inched 0.23 pts lower to 5,201.63 points with a mixed board even as investors toed caution in absence of positive cues. The KSX 15 benchmark rose 3.38 pct to 839.98 …

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Ford taps Alghanim Auto as new importer-dealer – Customers can visit newly opened center in Shuwaikh for all their services

KUWAIT CITY, April 5: Ford announced that it has selected Alghanim Auto as a new importer-dealer in Kuwait for the sale and service of Ford vehicles in the country. Alghanim Auto is a part of the Alghanim Industries group of companies, dedicated to support the Ford vehicle sales and services …

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KAMCO ranked first in Kuwait for managing issuances of bonds – Testament to company’s prominent position in local and regional market: Fouad

KUWAIT CITY, April 4: KAMCO Investment Company, a leading investment management company with more than $11 billion in assets under management, and winner of World finance “Best Investment Management Company in Kuwait 2015 Award’, was ranked among the top 15 international lead managers and book runners in GCC and MENA …

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Kuwait bourse drops 6.06 pts; volume slips – Zain eases 5 fils; Jazeera Airways gains

KUWAIT CITY, April 4: Kuwait stocks sagged on Monday, extending the losses to fourth straight session. The main gauge slipped 6.06 points to 5,201.86 pts weighed by continued selling in select counters. The market sentiment remained soggy amid weakening oil prices and lack of fresh catalysts. The KSX 15 index …

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Iran oil minister says will keep raising its production – Russian minister says may meet Saudi counterpart before Doha event

DUBAI, April 4, (RTRS): Iran will continue increasing its oil production and exports until it reaches the market position it enjoyed before the imposition of sanctions, Oil Minister Bijan Zanganeh was quoted by the semi-official Mehr news agency as saying. Zanganeh was speaking at the weekend ahead of an April …

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Market capitalization hits $904 bn in Q1

Regional markets like most world equities had a weak start to the year but managed to recover ground by the end of 1Q16. Following a dire end to 2015, GCC equities continued to underperform most international peers with the MSCI GCC total return index retreating 3 percent in 1Q16. Regional …

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Producer coordination would stabilise oil prices: Kuwait – 12 countries have so far agreed to attend April 17 meeting

KUWAIT CITY, April 3, (AFP): Kuwait said Sunday that an agreement on coordination between major OPEC and non-OPEC oil producers at a meeting in Doha in mid-April would help stabilise crude prices. “When there is coordination between major producers in OPEC and non-OPEC countries, it will certainly help to stabilise prices,” …

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KSE ‘kicks off’ month with 20.83 pts decline – NBK drops 20 fils; Americana gains

KUWAIT CITY, April 3: Kuwait stocks kicked off the month on dull note as it extended its losses from the last session. The price index dropped 20.83 points in slightly volatile session to 5,207.92 pts weighed by moderate selling in select counters led by banks . The KSX 15 benchmark …

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