Monday , November 20 2017

Business

Kuwait index slips into red turf; volume surges – Americana tumbles 50 fils; Zain gains

KUWAIT CITY, Aug 8: Kuwait stocks slipped into red zone on Tuesday partly reversing last session’s gains. The price index fell 7.5 pts in volatile session to 6,829.92 points weighed by select shares. The banking majors eked modest gains even as the overall mood remained mixed. The KSX 15 benchmark …

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Saudi cuts crude oil allocations in Sept by more than its OPEC pledge – Cuts mainly in light crude supplies — sources

DUBAI/SINGAPORE, Aug 8, (RTRS): Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 barrels per day, an industry source said on Tuesday, as the top oil exporter makes good on its pledge to help rein in a global supply glut. State oil …

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Inflation revised down to 1.4% in June

Revised CPI statistics reveal significantly lower inflation in recent months. Inflation came in at 1.4% year-on-year (y/y) in June following a revamp of the CPI. Radically lower housing inflation was a large reason behind the drop, with the sector now seen in deflationary territory. Other sectors saw smaller revisions in …

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Improved activity keeps prices steady in H1

Increased volatility in real estate activity dominated the first half of 2017 amid steadying prices. Despite some volatility, market activity improved significantly during the first half of the year compared to H2 ’16,  though it remained down 10% compared to a year before. Improved activity was particularly visible in the …

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Keep your valuables safe with AUB – Deposit lockers from bank are the best choice for customers

KUWAIT CITY, Aug 7: To meet the requirements of customers during the summer and the current travel season, Ahli United Bank (AUB) announces its ability to entertain requests for Safe Deposit Lockers, which are ideal for safe-keeping valuables like documents and jewellry.  They are considered the best choice to ensure …

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Kuwait bourse records modest rise; volume up – Ooredoo jumps 42 fils; Jazeera drops

KUWAIT CITY, Aug 7: Kuwait stocks swung higher on Monday following pullback last session’s pullback. The bourse climbed 25.43 points in volatile trade to 6,837.42 pts helped by renewed buying in some of the heavyweights even as the investors remained largely cautious. The KSX 15 benchmark climbed 5.88 pts to …

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Zain posts stable net income of KD 82m for H1 – Revenues reach KD 508 million with EBITDA margin of 41.7% for first half of 2017

KUWAIT CITY, Aug 6: Zain Group, the leading mobile telecommunications pioneer with operations in eight markets across the Middle East and Africa, announces its consolidated financial results for the six months to June 30, 2017. The company ended the period serving 45.2 million customers. For the first six months of …

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Kuwait stock index dips; volume hits 1-month low – Agility falls 10 fils; KFH gains

KUWAIT CITY, Aug 6: Kuwait stocks slipped into red on Sunday as it kicked off the week on a dour note. The price index, after a firm start, dropped 13.71 pts to 6,811.99 pts after treading water in the last session. Some of the mid-caps shone whereas the blue-chips remained …

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Apple’s China problem highlights conundrum for technology sector – Removal of VPN apps could ramp up popularity of iPhone rivals powered by Android

SAN FRANCISCO, Aug 6, (AFP): Apple’s decision to bow to Chinese officials by removing apps to sidestep online censorship underscores the dilemma faced by US tech companies seeking to uphold principles while expanding their business. The iPhone maker is the latest from Silicon Valley to face a conundrum in balancing …

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Agility reports 12% increase in Q2 earnings – EBITDA grows 14% to KD 32.6mn, revenue rises 10.9% to KD 342.1mn

KUWAIT CITY, Aug 5: Agility, a leading global logistics provider, today reported second-quarter earnings of 13.4 fils per share on net profit of KD 16.8 million, an increase of 12.8% and 12.1% respectively over the same period in 2016. Agility EBITDA grew 14% to KD 32.6 million. Revenue increased 10.9% …

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