Sunday , February 18 2018

Business

ASEAN signs free trade, investment pacts with HK – Deals seen as vote against protectionism

MANILA, Nov 12, (RTRS): Hong Kong signed free trade and investment agreements with the 10-nation Association of Southeast Asian Nations on Sunday, in what one of the Chinese territory’s officials called a “loud and clear” vote against rising regional trade protectionism. The pacts, which conclude nearly three years of talks, …

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Kuwait stock index heads south as sentiment sours – Ooredoo dives 80 fils; NBK ticks up

KUWAIT CITY, Nov 12: Kuwait stocks swung sharply into red on Sunday as it kicked off the week on a sour note. The bourse slid 82.41 pts to 6,176.06 points as regional tensions roiled the trading floor sentiment. Telecom service providers led the day’s decline and most of the heavyweights …

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Omantel completes Zain buy – Regional scale raised

DUBAI, Nov 12, (RTRS): Oman Telecommunications (Omantel) will pay $1.35 billion to buy a further 12.1 percent stake in Kuwaiti telecoms company Zain in a deal that will expand its reach to nine Middle Eastern and North African countries. It paid KD 0.781 ($2.58) per share, around 74 percent above …

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Oil in comfortable zone – Kuwait govt must push for privatization

The current level of $64 for a barrel of oil is a very comfortable level for all oil producers now and perhaps till end of next year. However, the recent events and developments in the Arabian Gulf region is making oil prices unstable and could escalate to higher than $65 …

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Credit growth steady at 3.2 pct in August – Household solid

KUWAIT CITY, Nov 11: Credit saw a moderate gain in August, though growth continued to slow on basis effects. The month saw a net gain of KD 193 million in credit, as growth eased to 3.2 percent year-on-year (y/y). Most gains came from solid household borrowing and from some business …

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Boursa indices slide as volume bounces

Boursa Kuwait ended last week in the red zone. The Price Index closed at 6,258.47 points, down by 4.43% from the week before closing, the Weighted Index decreased by 5.08% after closing at 397.67 points, whereas the KSX-15 Index closed at 910.13 points down by 5.72%. Furthermore, last week’s average …

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Americana posts KD 44 mln profits

KUWAIT CITY, Nov 9, (KUNA): Americana Group (Kuwait Food Company) said Thursday that it has posted profits totaling KD 44 millions (equivalent to $146 million), in the first nine months of 2017. According to Boursa Kuwait website, Americana noted that the company’s share for the same period reached 114.8 fils, …

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Airbus nears deal to sell over 30 A380s – Deal comes as Airbus trails Boeing orders this year

PARIS/DUBAI, Nov 9, (RTRS): Airbus is close to a deal worth at least $14 billion to sell over 30 of its A380 jetliners to Dubai’s Emirates to seek to secure production of its struggling superjumbo until the middle of next decade, two people familiar with the matter said. The deal, …

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Kuwait extends gains; volume little changed – Humansoft Holding vaults 200 fils; Ooredoo flat

Kuwait City, Nov 9 : Kuwait stocks swung higher on Thursday  to wind up the week on  a bright note.  The  price index, after a sluggish start, soared 78.4 pts to  6258.47 points  amid value buying  in  select  counters  following steep reverses earlier in the week The KSX 15 benchmark …

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Kuwaiti Protein Co and CSM Co organize seminar

Kuwaiti Protein Co with the world leading CSM Bakery Solutions in the field of pastry and confectionery organized a seminar specialized in preparing the most high quality bakery and confectionery with different tastes to satisfy all customers. The seminar was presented by the world famous German chef Klemons Barkhorn. The …

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