Thursday , September 20 2018

Business

Where has the oil gone? – Missing barrels and global crude market ‘rebalancing’

LONDON, March 18, (RTRS): Global oil production exceeded consumption by just over 1 billion barrels in 2014/15, according to the International Energy Agency (IEA). Production exceeded consumption by an average of 0.9 million barrels per day in 2014 and 2.0 million bpd in 2015. Of the 1 billion barrels reportedly …

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S&P affirms NBK ratings, outlook stable – Lender plans to sell part of KD 600 mln loan

KUWAIT CITY, March 17, (Agencies): Standard & Poor’s, the international credit rating agency, affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+. All the bank’s ratings carry a stable outlook. “Our outlook on NBK is stable, reflecting our belief that its overall business and financial profile …

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Al-Tijaria to organize 4th Eshraqat Amal – Event to widen awareness about children with special needs

KUWAIT CITY, March 17: The Commercial Real Estate Co. (Al-Tijaria) shows its support to Kuwait’s special needs as part of its ongoing Corporate Social Responsibility (CSR) programme. For the fourth consecutive year Al-Tijaria announces its ever-popular Eshraqat Amal event that will be held under the patronage of Sheikha Sheikha Al-Abdullah …

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KSE winds up week with 32.16 pts gain – Ooredoo jumps 60 fils; KIPCO flat

KUWAIT CITY, March 17: Kuwait stocks swung higher on Thursday to end the week on a strong note. The bourse, after meandering listlessly for most part of the session, closed 32.16 points higher at 5,262.07 points helped by renewed buying in select counters. The banking shares were mostly muted whereas …

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Oil ‘price’ rise might be wrong, but not irrational – Market expects less oversupply

The oil futures curve is flattening as a wave of bullishness washing across the market raises the price of near-dated contracts faster than that of contracts for deferred delivery. Brent for delivery in May 2016 has risen more than $10 per barrel since early February, while prices for delivery in …

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Crude prices continue to rise during Feb

Oil prices continued to rise during Feb 16, recording the highest monthly jump in almost nine months after four OPEC and non-OPEC producers agreed to stabilize the oil market by freezing output. The oil price trend during the first two weeks of March-16 was even stronger signaling a bottoming of …

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Agility eyes opportunities from Kuwait privatisation – Company targets entering Iran market, challenges remain in Egypt

KUWAIT CITY, March 16: Kuwait’s Agility, the Gulf’s largest logistics company, will be interested in bidding for the management of Kuwait’s airport and ports if plans to privatise them go ahead, the chief executive Tarek Sultan said on Wednesday. Kuwait’s Finance Minister Anas Al-Saleh said on Monday that the government …

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Moody’s revises outlook on Saudi Arabia banking system to negative – Persistently low oil prices, spending cuts weigh on sector

DUBAI, March 16: Moody’s Investors Service has changed its outlook for the Saudi Arabian banking system to negative from stable, according to its latest outlook research report, published today. The outlook reflects the rating agency’s expectation that the persistently low oil prices and resultant government spending declines will ultimately weigh …

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Kuwait stocks retreat amid ‘sluggish’ trade – Americana sheds 20 fils; Zain flat

  KUWAIT CITY, March 16: Kuwait stocks pulled lower on Wednesday, as it extends its volatile course. The bourse dropped 13.88 points in lackluster trade to 5,228.91 points amid moderate selling in select counters. The trading board was mixed even as eye investors fresh cues. The KSX 15 benchmark slipped …

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Al Habtoor awards top talent at Employee Excellence Awards – Chairman presents total of 24 awards to commend high performers across Group

DUBAI, UAE, March 15: The Chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, recognized top talent at the Al Habtoor Group of companies today at the Al Habtoor Groups annual Employee Excellence Awards. The event took place at the Habtoor Beach Resort & Spa, Autograph Collection on Monday …

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