Business

Kuwait bourse climbs 19.97 pts; volume dips – Americana soars 100 fils; Zain flat

KUWAIT CITY, March 8: Kuwait stocks pulled higher on Tuesday as it extended its volatile course. The bourse, after a soggy start, climbed 19.97 points to 5,284.68 points led by strong gains is select counters. Some of the banks too eked modest gains even as oil prices continued to trend …

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Warba Bank sponsors 14th Firefighter’s Festival – Move reinforces bank’s CSR program

KUWAIT CITY, March 7: Since its inception in the Kuwaiti market as an Islamic and fastest growing Bank providing full range of integrated banking and investment services in full compliance to the provisions of Islamic Sharia at local and global levels, Warba Bank has spared no efforts in participating with …

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ABK introduces series of new developments to digital channels – Bank continues to implement its ‘Simpler’ banking strategy

KUWAIT CITY, March 7: In line with its commitment to making Banking ‘Simpler’ for its customers, Al Ahli Bank of Kuwait (ABK) recently announced that it has deployed a series of new developments to its digital channels, which are now live to all ABK customers. The new enhancements allow customers …

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Oil price forcing producers to freeze output – OPEC to meet in Moscow for new talks

ABU DHABI, March 7, (RTRS): The United Arab Emirates’ energy minister said on Monday that current, low oil prices are forcing many producers to freeze output but that a correction in prices would take time. OPEC leader Saudi Arabia and non-OPEC producer Russia, the world’s two largest oil exporters, agreed …

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KSE retreats 15.87 pts amid lacklustre trade – Kout Food Group dips 50 fils; KFH gains

KUWAIT CITY, March 7: Kuwait stocks sagged on Monday partly reversing the gains in the previous session. The bourse dropped 15.87 pts in a lackluster trade amid selling in select counters. Some of the banking shares eked modest gains whereas other heavyweights remained largely muted. The KSX 15 benchmark eased …

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KPC inks MoU to develop Pakistani oil wells – MoU to be implemented through KUFPEC

KUWAIT CITY, March 6, (KUNA): The state-run Kuwait Petroleum Corporation (KPC) has signed a memorandum of understanding with the Pakistani Ministry of Petroleum and Natural Resources (MPNR) for developing oil wells in the south Asian country. In a press statement, the KPC said that the MoU would be implemented through …

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Zain recognizes distinguished performance of VAS partners – Company holds honoring ceremony and workshop at main headquarters

KUWAIT CITY, March 6: Zain, the leading telecommunications company in Kuwait, recognized the distinguished performance of its Value Added Services partners for the year 2015 during an honoring ceremony held at the company’s main headquarters in Shuwaikh, where it also held the 7th VAS workshop for its partners. Zain’s executive …

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Low oil prices put strains on Gulf currency pegs – Region unliklely to abandon policy yet

KUWAIT CITY, March 6, (AFP): Weak oil prices pose a threat to Gulf Arab states’ currency pegs against the dollar, but the energy-rich region is unlikely to abandon the policy yet, analysts say. Bahrain, Oman, Qatar, Saudi Arabia and the United Arab Emirates all keep the values of their currencies …

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Kuwait gains 36.58 pts amid surge in volume – Americana rallies 100 fils; NBK flat

KUWAIT CITY, March 6: Kuwait stocks swung higher on Sunday after posting strong gains in the previous week. The bourse climbed 36.58 points to 5,280.58 pts helped by broad buying even banks closed narrowly mixed. The KSX 15 gauge inched 1.66 pts higher to 856.29 points taking the month’s gains …

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OPEC to oil market: Firm commitment before cut – ‘Oil freeze deal seems to be working’

Firm commitment before oil reduction — this is the message that OPEC has been sending to the market. We must witness firm commitment from Russia before taking the second step of oil reduction in the coming months. The price of one barrel of oil is approaching $37, which is an …

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