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Business

OPEC sees rival oil supply down, but not out – Industry needs to invest to ensure supplies: cartel

LONDON, Nov 8, (Agencies): Global demand for OPEC’s crude oil will rise in the next three years, the group forecast, suggesting its 2014 decision to …

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ABK posts KD 65.6 mln operating profit for Q3 – Total assets reach KD 4.4 bln, up 15.8%; EPS 12 fils

KUWAIT CITY, Nov 7: Al Ahli Bank of Kuwait (ABK) today announced an Operating Profit of KD 65.6 million for the third quarter of 2016, …

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Kuwait bourse edges up in volatile trading – KFH slips 5 fils; Humansoft Holding jumps

KUWAIT CITY, Nov 7: Kuwait stocks nudged higher on Monday extending the gains to third straight session. The bourse rose 4.06 pts in volatile trade …

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OPEC chief says oil cooperation with non-member producers key – Global oil supply glut is almost gone: UAE minister

ABU DHABI, Nov 7, (AFP): Coordination between members of oil-exporting cartel OPEC and non-member producers is “vital” to rebalance the market, OPEC chief Mohammad Barkindo …

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AUBK posts net operating profit of KD 54.7 mln – Total assets reach KD 4.04 bln, up 4.8% for period ending 30 Sept, 2016

KUWAIT CITY, Nov 6: Ahli United Bank, Kuwait, announced its results and financial statements for the  third quarter ending Sept 30, 2016, following the endorsement …

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Kuwait bourse bounces 29.82 pts; volume soars – NBK gains 10 fils; Americana flat

KUWAIT CITY, Nov 6: Kuwait stocks swung higher on Sunday after eking modest gains in the previous week. The price index climbed 29.82 pts in …

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Ooredoo meets Kuwait Blind Association – We are continuously striving to find solutions to serve our handicapped customers: Al Alayoub

KUWAIT CITY Nov 6: Ooredoo, Kuwait’s fastest network for 2016, emphasized its support for the Kuwait Blind Association in a meeting attended by representatives from …

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Tijari records net profit of KD 27.5 mln for 9M – Total assets reach KD 4,047 million

KUWAIT CITY, Nov 5: Commercial Bank of Kuwait announced net profit of KD 27.5 million for the nine months period of 2016 compared with KD …

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Bumpy road to Vienna – Outlook not promising

With less than 25 days remaining for the crucial OPEC meeting in Vienna, the outlook towards a complete agreement does not seem promising. Despite the …

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Al Mazaya posts KD 6.84 mln net profit for Q3 – Company’s operating income grows to KD 42.53 mln; EPS 11.01 fils

KUWAIT CITY, Nov 5: Al Mazaya Holding (KSCP) announced its financial results for the third quarter of 2016. The company achieved a net profit of …

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