Business

Kuwait bourse drops as oil talks collapse – NBK sheds 20 fils; KIPCO unchanged

KUWAIT CITY, April 18: Kuwait stocks swung lower on Monday amid moderate selling in select counters. The bourse dropped 26.79 points in sluggish trade as investors digested the news of Doha talks on oil output freeze failing to yield any positive results. The KSX 15 dropped 8.11 pts to 858.27 …

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Gulf growth forecasts cut, except Kuwait – No recessions

DUBAI, April 18, (RTRS): Analysts have cut their economic growth forecasts for the Gulf Arab oil exporting states further despite a rebound in crude prices, because of the impact of governments’ austerity policies, a Reuters poll found. Brent crude oil has climbed to around $40 a barrel from about $30 since …

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NBK records KD 78.9 mln net profit for Q1 – Total assets up 5.8% y/y to KD 24.7 bln; bank continues with its diversification strategy: Al-Sager

KUWAIT CITY, April 17: National Bank of Kuwait (NBK) reported net profits of KD 78.9 million ($262 million) for the first quarter of 2016 compared with KD 96.5 million ($320 million) for the same period in 2015. Adjusting for gains recognized in 1Q 2015 from the sale of NBK’s 30 …

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Jazeera Airways holds AGM, OKs KD 3 mln cash dividend – ‘2015 another profitable year for airline’

KUWAIT CITY, April 17: Jazeera Airways shareholders today approved a board proposal for the distribution of a cash dividend of KD 3 million, equivalent to 15 percent of the share’s nominal value, for the year 2015 during the company’s 14th Annual General Meeting of Shareholders that was held Sunday at …

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Oil meeting in Qatar ends without freeze – Saudi-Iran tensions scupper deal to freeze crude output

DOHA, Qatar, April 17, (Agencies): Oil-rich nations at a Qatar summit failed to reach an agreement Sunday on a production freeze, saying officials needed “more time” to make the decision as Iran stayed home and vowed to keep pumping. The hourslong meeting in Doha, the Qatari capital, resembled a failed …

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KSE index up 15.96 points to close at 5,316.47 pts – Al Dar Real Estate trades top volume

KUWAIT CITY, April 17: Kuwait stocks bounded 0.3% or 15.96 points higher to 5,316.47 points, starting the week off in the green but down 5.32% on a year to date basis. The weighted index shifted 1.15 points higher to 366.22 points. The KSE benchmark rose by 3.24 points over last …

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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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