Monday , November 20 2017

Business

Gulf project awards slump in H1 but expected to pick up – Contracts awarded in Kuwait drop 46% to $6.9 billion

DUBAI, Aug 19, (RTRS): Contracts awarded to build economic projects in the Gulf’s rich Arab oil exporting states slumped in the first half of this year but are expected to pick up in the second half, a data service tracking the industry said on Saturday. Awards in the six-nation Gulf …

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Boursa ends in green; market cap up 2.23%

Boursa Kuwait ended last week in the green zone. The Price Index closed at 6,885.84 points, up by 0.60% from the week before closing, the Weighted Index increased by 1.16% after closing at 424.83 points, whereas the KSX-15 Index closed at 967.76 points up by 0.75%. Furthermore, last week’s average …

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Saudi to restart Grand Mosque expansion – Work to resume after annual Hajj pilgrimage

DUBAI, Aug 17, (RTRS): Saudi Binladin Group will restart work next month on the $26.6 billion expansion of the Grand Mosque in Makkah, nearly two years after work stopped in the wake of a crane collapse at the site that killed 107 people, sources told Reuters on Thursday. Work will …

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New Egyptian investment law to allow cos to register within hours – Regulation to provide tax breaks, rebates, foreign currency guarantees

CAIRO, Aug 17, (RTRS): Egypt is hoping that long-awaited regulations approved on Thursday to its new investment code will draw in fresh and needed cash from abroad as the country pushes ahead with reforms. Investment Minister Sahar Nasr told Reuters in an interview that the law could now be active …

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Kuwait index winds up week on strong footing – Humansoft Holding jumps 50 fils; Americana dips

KUWAIT CITY, Aug 17: Kuwait stocks swung higher on Thursday to wind up the week on a strong footing. The price index climbed 31.72 pts in volatile session to 6,885.84 points helped by renewed buying across the sectors. The heavyweights however closed narrowly mixed. The KSX 15 gauge fell 0.86 …

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Qatar’s economy remains strong: experts – Bruised but coping

DOHA, Aug 16, (AFP): Qatar’s economy has been hit by the sanctions imposed by a Saudi-led Arab bloc but the emirate’s economy is strong enough to survive, analysts say. Since June 5, Saudi Arabia and allies Bahrain, Egypt and the United Arab Emirates shut down air, maritime and land links …

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Kuwait gains in volatile session; volume shrinks – KIPCO climbs 4 fils; Americana tumbles

KUWAIT CITY, Aug 16 : Kuwait stocks headed north on Wednesday extending its gains to second straight session. The price index rose 10.46 points in volatile session to 6,854.12 points led by select blue chips even as banking shares closed mostly in red. The KSX 15 benchmark fell 3.97 pts …

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Warning from history: Could Japan-style crash hit China? – Growth slows and ratings agencies sound the alarm over China’s debt

TOKYO, Aug 16, (AFP): Sizzling property prices, a groaning debt load, wealthy tourists and tycoons willing to slap down eye-popping sums for art: China is starting to look like Japan before its economic bubble burst in the early 90s. The similarities are not lost on Beijing: President Xi Jinping has …

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How to tackle credit card debt – Young and overspent?

After Emilie Burke, 24, graduated from Princeton University in 2015 and moved to Baltimore, her expenses began piling up. “I had to put a down payment and security deposit on an apartment. I had to move. I still had to pay my cellphone bill,” says Burke, who now lives in …

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Kuwait bourse retreats into red; volume jumps – NBK dips 4 fils; Zain gains

KUWAIT CITY, Aug 15: Kuwait stocks pulled lower on Tuesday reversing last session’s gains as profit taking kicked in. The bourse dropped 15.61 pts in volatile session to 6,843.66 points even as the overall sentiment remained fickle. The KSX 15 gauge eased 0.8 points to 972.59 pts while weighted index …

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