Saturday , September 22 2018

Business

Kuwait’s stocks extend gains to 3rd day in row

KFH advances 10 fils; Humansoft dips 80 fils KUWAIT CITY, June 26: Kuwait stocks pulled higher on Tuesday, extending winning streak to a third consecutive day. The All Share index jumped 38.52 points to 4,905.59 points. The Premier Market index surged 55.33 points to 4,921.54 points while the Main Market …

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Kuwait hits multi-week highs as volume swells

Boubyan Petrochemicals soars 41 fils; KFH up 1.52% KUWAIT CITY, June 25: Kuwait stocks jumped to multi-week highs on Monday, buoyed by gains in telecoms and banks. The All Share index advanced 42.99 points to 4,867.07 points. The Premier Market index climbed 53.58 points to 4,866.21 points while the Main …

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Dubai hits lowest level since Jan 2016 on DSI

Saudi loses momentum DUBAI, June 25, (RTRS): Dubai stocks slumped on Monday to its lowest since January 2016, led by losses in contractor Drake & Scull, while Saudi stocks slipped after gains ahead of index compiler MSCI’s move to lift Riyadh to its emerging markets benchmark. Drake & Scull shares …

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Kuwait to raise oil output after OPEC deal: Al-Rashidi

‘Deal positive’ VIENNA, June 24, (KUNA): Kuwait will increase oil output in line with a recent OPEC agreement to open taps for one million barrels per day (bpd), a deal that will have “positive” impacts on markets, Oil Minister Bakheet Al-Rashidi said Saturday. He was speaking to KUNA after a …

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Etihad to loan pilots to Emirates

Move marks rare cooperation between UAE state-owned carriers DUBAI, UAE, June 24, (AP): Long-haul airline Etihad Airways will loan pilots to competing Dubai-based carrier Emirates under a new program, officials acknowledged Sunday, marking a rare cooperation between the two state-owned carriers who operate only 115 kilometers (70 miles) apart. There’s …

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1st modules arrive for KIPIC Al-Zour project

New complex expected to be one of the largest refineries IRVING/TEXAS/KUWAIT CITY, June 23: Fluor Corporation (NYSE: FLR) announced today that the first modules for the Kuwait Integrated Petroleum Industries Company (KIPIC) Al-Zour project have arrived in Kuwait. Fluor is working with its joint venture partners to deliver two engineering, …

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FDI in Kuwait drops 28.2% in 2017

Boursa Kuwait performance mixed during week The US Federal Reserve decided on 13/06/2018 to raise the interest rate on the US dollar by a quarter percent point to 2%. This was the seventh increase since the first increase on  December 16, 2015. The base interest rate was fixed at 0.25%, …

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MSCI Kuwait index to be included in the 2019 review

Announcement is testament to progress of Boursa Kuwait development plan: CEO KUWAIT CITY, June 21: Boursa Kuwait would like to confirm that Morgan Stanley Capital International (MSCI) announced that it will include the MSCI Kuwait Index in its 2019 Annual Market Classification Review for a potential reclassification from Frontier Markets …

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Kuwait tumbles to end week on sluggish note

Jazeera Airways spikes 20 fils; ABK gains KUWAIT CITY, June 21: Kuwait stocks edged lower on Thursday to close the holiday-shortened week on sluggish note. The All Share index fell 6.01 points to close at 4,822.99 points after MSCI announced it would include Kuwait Index in its review in June …

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Kuwait fund initials KD 7.5 million loan agreement with Republic of Mauritius

Flacq Teaching Hospital Project ‘Phase 1’ to be financed KUWAIT CITY, June 21: A loan agreement was signed today in Port Louis between the Republic of Mauritius and Kuwait Fund for Arab Economic Development, whereby the fund will provide a loan of Kuwaiti Dinars 7,500,000 million (equivalent to about 25.5 …

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