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Business

Who is the new oil leader? – OPEC must have plan B to retain its role again

Who indeed is the new oil leader? Without any doubt, it is Russia.  Russia is the one behind OPEC and the recent agreement of OPEC. …

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Boursa indices gain for second straight week

Boursa Kuwait ended last week in the green zone. The Price Index closed at 5,668.49 points, up by 1.42% from the week before closing, the …

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Strong US dollar could challenge Donald Trump’s economic agenda – Many analysts expect dollar to continue to rise

NEW YORK, Dec 16, (AFP): The strong US dollar, boosted further by the Federal Reserve’s decision to raise interest rates, could pose challenges to President-elect …

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Iraq boosts crude oil sales to China, US and India – Expanded supply just ahead of scheduled OPEC output cut

SINGAPORE/BEIJING, Dec 16, (RTRS): Iraq is selling more crude oil to its biggest customer, China’s Unipec, people familiar with the matter say, digging a deeper …

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Moody’s assigns (P)Baa2 rtg to EQUATE’s sukuk programme

LONDON, Dec 16: Moody’s Investors Service, (“Moody’s”) has today assigned a provisional (P)Baa2 rating to the $2 billion trust certificate issuance programme of EQUATE Sukuk …

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Zain makes strategic investment in Colle Capital Partners – Deal extends Group’s corporate venturing to US

NEW YORK/KUWAIT CITY, Dec 14: Zain Group, a leading innovator of mobile communications in eight markets across the Middle East and Africa, has made a …

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Iran signs two oil deals with Gazprom – Russian giant to develop to major oil fields

TEHRAN, Dec 14, (AFP): Iran signed preliminary agreements with Russia’s Gazprom on Tuesday to develop two major oil fields in the latest of a flurry …

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Kuwait stocks tread water; volume jumps – Gulf bank gains 10 fils; Ooredoo flat

KUWAIT CITY, Dec 14: Kuwait stocks trod water on Wednesday as the market took a breather after four–day gains driven by bullish sentiment over the …

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Ooredoo Kuwait wins 3 ‘Creativity Award’ trophies – Two TVC awards and an award for innovative public relations

KUWAIT CITY, Dec 13: Ooredoo, Kuwait’s faststest network in 2016, has recently received three trophies in the fourth ‘Creativity Awards’ night by the Arab Media …

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Kuwait extends rally; volume turnover drops – KFH gains 10 fils; Ooredoo dips

KUWAIT CITY, Dec 13 : Kuwait stocks swung higher on Tuesday as it extended the winning spree to fifth consecutive session. The price index, after …

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