Saturday , April 21 2018

Business

Tokyo investors eye Japan and US data in last trading of 2015 – China stocks up slightly in thin Christmas trading

TOKYO, Dec 25, (Agencies): Japanese factory output and US consumer confidence are among the few trading cues in the last trading week of the year, with Tokyo’s Nikkei 225 on track to be one of the best-performing major stock indices globally. The Japanese market is open from Monday through Wednesday …

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EQUATE acquires MEGlobal for $3.2 bln – Deal transforms co into a global leader in petchem sector

KUWAIT CITY, Dec 24, (KUNA): The Petrochemical Industries Company (PIC) and the Dow Chemical Company (Dow) have agreed that EQUATE will get acquisition of 100 percent MEGlobal shares for USD 3.2 billion, the PIC said in an exclusive press release to KUNA. PIC will continue to retain its 42.5 percent …

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Iran finmin says prepared for crude oil prices as low as $30

DUBAI, Dec 24, (RTRS): Iran’s Finance Minister Ali Tayyebnia said on Tuesday that Tehran was prepared to deal with the economic impact of oil prices even as low as $30 per barrel, as Brent oil’s fall to an 11-year low of just above $36 a barrel. Iran has repeatedly blamed …

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US jobless claims near 42-yr low as labor market tightens – Mortgage rate slips

WASHINGTON, Dec 24, (Agencies): The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy. Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 267,000 for the …

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Top story in 2015: China’s sharp economic slowdown – Global oil glut crushes commodities and energy prices

China’s economy lost some luster and its leaders their aura of invincibility. A commodities boom went bust, spreading pain from Texas oil fields to Indonesian coal mines. Seven years of near-zero interest rates ended in the United States, while easy money kept flowing elsewhere. Volkswagen cheated on emissions tests. And …

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Al-Dawli organizes training course on ‘Fundamentals of Islamic Banking Services and Products’

As the Kuwait International Bank always strives to provide new recruits with training courses to develop their skills, it organized a training course on the “Fundamentals of Islamic Banking Services and Products” for two consecutive days. The training course aimed at featuring the key principles of Islamic banking and identifying …

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GIG supports KIPCO Tmkeen Award for Young Entrepreneurs – Move part of its social corporate partnership initiative to encourage Kuwaiti youth

KUWAIT CITY, Dec 23: Gulf Insurance Group, a leading company in the field of rendering the insurance services in the State of Kuwait and the Middle East, announced its support for the KIPCO Tmkeen Award for Young Entrepreneurs. The award is a partnership between KIPCO – Kuwait Projects Company – …

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KSE closes 4.7 pts lower to finish at 5,619.98 pts – 89.22 million shares traded

KUWAIT CITY, Dec 23: Kuwait stocks staggered 4.7 points or 0.08% lower for a 5619.98 points finish. The weighted index stood at 380.98 points, steering 0.57 points to the green. The KSE 15 benchmark closed at 902.52 points with a 2.36 point hike. The total number of trades stood 2.680 …

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Kuwait’s property prices to decline in 2016, say experts  – Rate hike, low oil prices cited

KUWAIT CITY, Dec 23, (KUNA): Property experts predict the year 2016 will witness decline of prices of investment and residential units but believe those for commercial purposes will firm. Recent interest raise on the Kuwaiti dinar and ongoing decline of oil prices are among main factors that will push property …

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Gulf Bank wins ‘Affect Category’ award at ACA – ‘I Am Kuwaiti’ commercial delivers message of unity

KUWAIT CITY  Dec 22: Gulf Bank announced that it was recently awarded the  Affect Category Award at the 3rd Advertising Creativity Awards (ACA) event organized by the Arab Media Forum. The event was held under the auspices of Sheikh Salman Sabah Al-Salem Al-Homoud Al-Sabah, Minister of Information and State Minister …

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