Monday , October 22 2018


Strategic alternative and the Kuwait’s ‘oil sector’ – KPC needs to reduce its costs

The current dispute between the government and the oil sector is concerning the government’s proposal to implement the Strategic Alternative to Salary Scale for unifying the salaries and benefits provided to all state employees including the employees of the oil sector. However, the government has excluded the military, diplomats, doctors …

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Canton Fair could boost China-Kuwait trade – Huge prospects and opportunities for traders

KUWAIT CITY, March 25: The China Foreign Trade Centre, organisers of the China Import and Export Fair, have announced that its 119th Canton Fair will be held in Guangzhou, China from April 15 to May 5 2016. The announcement was made at a video conference in Kuwait attended by journalists …

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Consumers ‘prop up’ US economy in Q4, but profits under pressure – GDP growth revised up to 1.4 percent rate

WASHINGTON, March 25, (RTRS): US economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang. Gross domestic product increased at a 1.4 percent annual rate instead of the previously …

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Marriott Hotels unveil wide range of offers

KUWAIT CITY, March 25: Marriott Hotels in Kuwait are offering their guests exclusive deals and benefits on rooms and restaurants. The exciting array of promotions include the perfect weekend escape which offers GCC nationals and residents discounts of up to 30% on rooms and suites at JW Marriott Kuwait City, …

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Erdogan aide seeks further rate cuts – Central bank likely to remain under pressure to lower cost of borrowing

ANKARA, March 25, (RTRS): Turkey’s central bank should have cut interest rates more at this week’s policy meeting, an aide to President Tayyip Erdogan said on Friday, in a sign the central bank is likely to remain under pressure to lower the cost of borrowing. The bank kept its benchmark …

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Participation of KIB at Hala Ramadan expo great success – Part of bank’s CSR program

KUWAIT CITY, March 24: The participation of Kuwait International Bank (KIB) at Hala Ramadan Expo that was held at 360 Mall received tremendous success and attracted the attention of visitors and participants of small business owners who showcased their creative products and projects for the Holy month of Ramadan. Nawaf …

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KSE swings higher on renewed buying – KFH gains 5 fils; Zain dips

KUWAIT CITY, March 24: Kuwait stocks swung higher on Thursday to wind up the week on a firm note. The bourse rose 14.73 points in tame session to 5268.45 pts helped by renewed buying in select counters. Most of the banking shares eked modest gains whereas telecom services providers sagged. …

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Ooredoo presents 2015 achievements during AGM – Financial results and customers base increase reflect company’s leading position: Saud Al-Thani

KUWAIT CITY, March 24: Ooredoo Kuwait, a member of the international Ooredoo Group, has presented its achievements and financial results for 2015 during its annual general meeting which was held at the company’s headquarters in Kuwait City. The meeting was led by the company’s Chairman, Sheikh Saud bin Nasser Al …

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Crude oil price war threatens US sense of energy security – Rising US imports show Saudi winning war for market share

LONDON, March 24, (RTRS): The political economy of oil prices in the United States is complicated. The United States is the world’s largest oil consumer and one of its biggest importers. But it is also a substantial producer with large oil and gas resources. And its oil is medium-cost, more expensive to produce …

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ABK named ‘Best Retail Bank in Kuwait’ – Simpler banking model and latest tech enhancements bag award

KUWAIT CITY, March 23: Al Ahli Bank of Kuwait (ABK) was recently recognized as the ‘Best Retail Bank in the Middle East’ by the Asian Banker; one of the most prestigious awards programs in the industry of financial services and one of Asia’s leading consultancies in financial services research, benchmarking …

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