Sunday , January 21 2018

Business

Iran’s crude oil tankers points towards India and Europe – Tehran reedy to resume business as used as clock ticks down on sanctions

SINGAPORE, Jan 15, (RTRS): With Iran ready to resume business as usual with the world under a historic nuclear deal, Tehran will target India, Asia’s fastest-growing major oil market, and old partners in Europe with hundreds of thousands of barrels of its crude. Iran expects the United Nations nuclear watchdog …

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Crude prices slide below $30, pulling equities sharply lower – Gold firms on weaker dollar, stocks

NEW YORK, Jan 15, (Agencies): Oil prices dove below $30 a barrel on Friday, dragging major equity indices around the world sharply lower, as fears of a global slowdown amid a crude supply glut roiled markets and unsettled investors who snapped up gold and other safe-haven assets. Major stock indices …

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KFAS holds workshop on decision-making strategies – Event held in collaboration with Harvard Kennedy School

KUWAIT CITY, Jan 13: The Kuwait Foundation for the Advancement of Sciences (KFAS) held a follow on workshop in collaboration with Harvard University attended by twenty private sector executives who had participated in the main workshop that was held last May in Boston. The workshop on decision-making strategies held at …

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Al Ahli Bank of Kuwait wins ‘Banker Middle East’ award – Honor for ABK: Ceaplen

KUWAIT CITY, Jan 13: Al Ahli Bank of Kuwait (ABK) recently announced that it has won the ‘Best Customer Loyalty Program in Kuwait’ award from Banker Middle East, one of the region’s leading banking industry magazines. The award, which was won in recognition of the Bank’s exceptional ABK Emirates credit …

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Al Sayer announces winners of Yokohama ‘Save & Be Safe’ promotion

Mohamed Naser Al Sayer & Sons Co (MNSS), one of the Al Sayer Group of Companies held the third and the final draw to select the winners of “Save & Be Safe” promotion at the Yokohama Center in Canada Dry. List of winners from the third draw are: 1st prize …

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Kuwait edges slightly lower; volume jumps – NBK drops 10 fils; KIPCO gains

KUWAIT CITY, Jan 13: Kuwait stocks edged lower on Wednesday extending the decline to eighth straight session. The main index, after a tame start, closed 4.66 points down at 5,352.96 pts even as investors toed caution in wake of further drop in oil prices. The banks and most of the …

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AAW welcomes French ambassador to Kuwait

KUWAIT CITY, Jan 12: Ali Abdulwahab Al Mutawa Commercial Co (AAW) today announced that Chairman and Managing Director of AAW, Faisal Ali Abdulwahab Al Mutawa met with French Ambassador to Kuwait, HE Christian Nakhlé, at AAW where the two discussed trade and investment opportunities and the development of Kuwait’s private …

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Airbus orders fly past Boeing in 2015 – European aircraft maker expects to raise deliveries to 650 in 2016

PARIS, Jan 12, (AFP): European aircraft maker Airbus said on Tuesday that plane orders dropped in 2015 from a year earlier, but were still way ahead its US rival Boeing. Airbus clocked up 1,036 net orders last year, down from 1,456 in 2014. This compares with Boeing orders of 768, …

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Kuwait bourse drops 29.42 pts; volume dips – KIPCO sheds 20 fils; NBK flet

KUWAIT CITY, Jan 12: Kuwait stocks eroded further on Tuesday extending the losing streak to seventh consecutive day even as oil prices plumbed fresh 12-month low. The bourse dropped 29.42 points in lackluster trade to 5357.62 points paced by selling in select counters. The KSX 15 benchmark dipped 5.58 points …

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Trade surplus slips KD 1.8 bln in Q3 of 2015

Kuwait’s trade surplus narrowed in 3Q15 on the back of lower oil revenues. However, the surplus remains relatively healthy at 17% of GDP. The surplus slipped to KD 1.8 billion in the third quarter of 2015 as lower oil prices continued to weigh down on revenues. The trade surplus is …

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