Wednesday , July 18 2018

Business

Bahraini Crown Prince inaugurates Wadi Alsabeel Complex – Project executed by KFH’s subsidiary ‘Kuwaiti Manager’

KUWAIT CITY, Feb 15: “Kuwait Finance House (KFH) is keen on assuming a significant role in supporting the development plans in the countries it operates in through the execution of several projects, be it directly or indirectly through one of its subsidiaries. KFH achieves civilizational and constructional value when executing …

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KIPCO posts net profit of KD 53 mln for 2015 – BoD recommends cash dividend of 25 fils per share

KUWAIT CITY, Feb 16: KIPCO — the Kuwait Projects Company — has announced a net profit of KD 53.03 million ($ 175 million), or 34.05 fils ($ 11.2 cents) per share for the year ended Dec 31, 2015 — an increase of 15 per cent on the KD 46.1 million …

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KSE climbs 8.08 pts in ‘sluggish’ trading – NBK gains 10 fils; KIPCO flat

KUWAIT CITY, Feb 15: Kuwait stocks pulled higher on Monday after closing nearly flat in the previous session. The bourse rose 8.08 pts in sluggish trade to 5,139.13 points helped by buying in select counters even as crude oil prices rallied on OPEC output cut hopes. The KSX 15 benchmark …

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‘Better Iran-Saudi ties would help oil prices’ – Venezuela talks to Russia, other producers

MOSCOW, Feb 15, (RTRS): Venezuela is talking to some OPEC members and Russia about the possibility of joint action to prop up oil prices, a Russian Foreign Ministry official said, while another diplomat said Moscow wanted better ties between Iran and Saudi Arabia. Russia, one of the world’s top oil …

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JTC wins EQUATE transportation haulage contract – Third consecutive services deal between companies

KUWAIT CITY, Feb 14: Jassim Transport & Stevedoring Company W.L.L (JTC) has been awarded a three year contract from EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, to provide haulage and local overland transportation services for their Shuaiba Port operations. The contract went into effect from the 1st …

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Gulf Bank named as ‘Best Cash Management Provider in Kuwait’ – Recognition by ‘Global Finance’

KUWAIT CITY, Feb 14: Gulf Bank is pleased to announce it has been named ‘Best Cash Management Provider in Kuwait’ by Global Finance magazine. This award recognizes providers that offer sophisticated domestic, regional and/or global solutions with an innovative technology backbone and a client-centric front end. Global Finance uses a …

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Kuwait stocks tread water; volume soars – Mabanee Co sheds 30 fils; KFH flat

KUWAIT CITY, Feb 14: Kuwait stocks trod water on Sunday after posting losses during the previous week. The bourse inched 0.51 pts lower to 5,131.05 pts in a lackluster trade amid mixed board. The banks and financial shares were largely muted even as investors await new catalysts. The KSX 15 …

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OPEC ‘increasingly keen’ to end oil glut – ‘Growing consensus’

ABUJA, Feb 14, (RTRS): The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Nigeria’s oil minister told Reuters. Oil prices have slumped by more than …

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Kuwait bourse closes week in red zone – Market loses about KD 1.94 billion since beginning of 2016

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,131.56 points, down by 1.29% from the week before closing, the Weighted Index decreased by 1.95% after closing at 350.36 points, whereas the KSX-15 Index closed at 827.17 points down by 1.59%. Furthermore, last …

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KPRC: The new oil and petrochemical company – New venture now seeking investors

The board of Kuwait Petroleum Corporation (KPC) recently approved the formation of a new company under the name ‘Kuwait Petrochemical Refining Company’ (KPRC) which will be responsible for three activities — the new Al-Zour Refinery which is currently under construction, a new LNG import terminal and a new petrochemical complex. …

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