Monday , September 24 2018

Business

KIB’s Arzaq deposit hits record annualized rate of 2.15% in Q1 –

KUWAIT CITY, May 1: Kuwait International Bank (Al-Dawli) announced that Arzaq Investment Deposit has achieved record annualized returns during the 1st quarter of 2016 with 2.15% on the Kuwaiti Dinar, making it a sought after deposit by individual and corporate customers with its various features and benefits. Accordingly, the Acting …

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KSE kicks off month with 11.62 pts uptick – KIPCO drops 10 fils; NAPESCO gains

KUWAIT CITY, May 1: Kuwait stocks kicked off the month with a modest rise after notching strong gains in April. The bourse climbed 11.62 points in sluggish trading to 5,403.43 points with a mixed board. The banks diverged in tight range whereas telecom shares closed in red. The KSX 15 …

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EQUATE supports market growth by over 450% in 17 years – Company hosts gathering for local customers

KUWAIT CITY, April 30: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, said that it supplied over 450,000 tons of Polyethylene (PE) to Kuwaiti plastic manufacturers throughout 17 years during 1998 to 2015. During a gathering for local customers, EQUATE President & CEO Mohammad Husain said, “Our local customers …

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KFH-Turkey boosting bilateral ties between GCC and Turkey: Al-Nahedh – Bank seeks to be one of top 10 banks in Turkey

KUWAIT CITY, April 30: Group CEO at Kuwait Finance House KFH Mazin Saad Al-Nahedh said that (KFH-Turkey) is the biggest participation bank with 35% shares in assets, 37.5% shares in credits and 37.9% in deposits in Turkish participation banking sector. It has a pioneer role in participation banking supporting real …

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Kuwait’s strike ends without any info about actual results – Many questions remain unanswered

After three full days of the oil workers’ strike, it abruptly ended without any information about the actual results. Did the parties achieve their goals and objectives or are negotiations still ongoing but without the strike? Are we not entitled to know the benefits or drawbacks of the three-day strike …

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Kuwait indices return to green zone – Financial services dominate total trade volume of 318.28 mln shares

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,391.81 points, up by 0.84% from the week before closing, the Weighted Index increased by 0.71% after closing at 366.28 points, whereas the KSX-15 Index closed at 863.33 points up by 0.93%. Furthermore, last …

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KFH participates in a ceremony honoring distinguished students

KUWAIT CITY, April 29: Kuwait Finance House (KFH) participated in the honoring ceremony of the distinguished students at the College of Business Administration as part of its social responsibility and efforts to support the youth and students. Present at the honoring ceremony was MP-Rakan-Al-Nisf and a number of the university …

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KSE indices positive during the week – Market capitalization up by 0.7 pct to KD 25.13 bn

This has been a positive week for the indices. As KSE price index closed up 0.84%, 5391.81 up 44.86 points compared to the week before continuing to produce positive outcomes. As for the MUDX it turned last week’s loss into an increase of 0.60% to close at 529.72 for the …

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Kuwait oil up to $39.64 pb

Kuwait oil price went up $61 cents on Thursday, reaching $40.25 per barrel (pb) against $39.64 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said Friday. In international markets, Brent Blend went up to $48.14 pb, so as did US crude oil, settling at $46.70 pb. Meanwhile, the Kuwait Petroleum Corporation (KPC) announced …

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OPEC oil output near record high in April – Iran, Iraq supplies up

LONDON, April 29, (RTRS):  OPEC’s oil output rose in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset a strike in Kuwait and other outages. Top exporter Saudi Arabia, however, made no …

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