Business

KSE indices log positive week – Market capitalisation ticks up by 1.18 pct to KD 6.46 bln

KUWAIT CITY, April 15: This has been another positive week for the indices. As KSE price index closed up 1.34%, 5300.51 up 70.07 points compared to the week before the top performer of indices this week. MUDX was with 1% gains up 5.24 points to close at 526.91 for the …

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No guarantee of oil deal at Doha talks

KUWAIT CITY, April 15, (Agencies): Major oil producers meet this weekend to try to negotiate a production freeze to boost prices, but doubts remain about the likelihood of a deal with Iran refusing to sign up. Tehran said its oil minister would skip the talks in Doha on Sunday between …

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Global finance officials seeking ways to boost growth – IMF urges countries to launch new round of public works projects

WASHINGTON, April 15, (AP): Facing a shaky world economy and political attacks on free trade, global finance leaders meeting in Washington are searching for ways to increase cooperation to battle a variety of economic threats. The International Monetary Fund is urging countries to launch a new round of public works …

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Kuwait oil price down

Price of Kuwaiti oil barrel went down Thursday 46 cents reaching USD 36.75 per barrel compared to USD 37.21pb on Wednesday, said Kuwait Petroleum Corporation (KPC) on Friday. Crude future contracts have declined in global markets yesterday, from four-months high amid volatile trade, due to increased uncertainty over forecast outcome …

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KAMCO holds AGM, Shafafiyah for 2015 – General Assembly agrees to 5% cash dividend payout to shareholders

KUWAIT CITY, April 14: KAMCO Investment Company K.S.C (Public) held its annual general meeting (AGM) and its annual Shafafiyah Investor’s Forum at the Chairman’s Club in KIPCO Tower on April 14, 2016. General Assembly During the general assembly meeting, KAMCO’s board members presented the company’s financial earnings report for the …

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How Saudi plans to shake up its economy – Privatisations to include tourism, infrastructure, education; some see plan as risky

RIYADH/DUBAI, April 14, (RTRS): In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of cheap oil. One company manager at the event told Reuters that officials from about 30 Saudi government …

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Kuwait bourse closes week with ‘downtick’ – Ooredoo climbs 40 fils; KIPCO flat

KUWAIT CITY, April 14: Kuwait stocks sagged on Thursday to end the week on a dull note. The price index gave up early gains to close 5.68 pts lower at 5,300.51 points as profit taking kicked in at select counters. The board was mixed in absence of fresh catalysts. The …

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Kuwait richest among frontier economies

Over the past few years, investors, policy-makers and researchers have increasingly stressed the importance of considering frontier markets and frontier economies as part of the investment opportunity set as well as a source of diversified growth. In standard macroeconomics and development economics1, the theories of economic growth and growth convergence …

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Al Habtoor receives Chairman of Lloyd’s of London

DUBAI, UAE, April 13: Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group welcomed John Frederick Nelson, Chairman, Lloyd’s of London at his office on Al Wasl Road today. Lloyd’s of London set up a regional office headquartered in Dubai in 2015. Khalaf Ahmad Al Habtoor said he was delighted to …

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Arab Woman Awards Kuwait 2016 on April 17 – Panel of judges announced for award ceremony

KUWAIT CITY, April 13: The Arab Woman Awards board of judges were announced today ahead of the winners’ presentation ceremony taking place at a royal residence on Sunday 17th April. Launched in 2009, the Arab Woman Awards was established by ITP with the aim of providing a culturally accepted platform to …

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