Monday , October 22 2018

Business

Kuwait index edges higher; volume rises – Zain slips 5 fils; Agility gains

KUWAIT CITY, March 13: Kuwait stocks edged higher on Sunday after posting impressive gains during last week. The price index added 3.67 pts in lackluster trade to close at 5,288.54 points amid mixed board. The banks were mostly muted whereas telecom service providers closed lower. The KSX 15 gauge eased …

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GCC growth closely linked to oil prices: GOIC – Gulf states showed resilience in facing global economic crisis

The Gulf Organization for Industrial Consulting (GOIC) has issued an economic report on the Repercussions and Available Options in the face of oil prices decline, noting that Oil is the main source of income and the backbone of GCC economies, as its share of the GDP is approximately 47%. Without …

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KFAS to host renowned world economist Richardo Hausman – Lecture on economic complexity and growth on March 16

KUWAIT CITY, March 13: Kuwait Foundation for The Advancement of Sciences (KFAS) will host on Wednesday March 16 a lecture by the internationally renowned Professor Richardo Hausman of Harvard University, titled “Economic Complexity and Secrets of Economic Growth”. Hausman is the architect of practical theories and concepts in economic complexity …

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Would Trump’s trade threats work? Many skeptical – ‘Foreign competition robbing American jobs, wages shrinking’

WASHINGTON, March 13, (AP): Donald Trump has promised to shred America’s trade deals and impose fines on imports from Mexico and China. He’s gone so far as to swear off Oreos to protest Nabisco’s transfer of cookie production from Chicago to Mexico. By attacking trade agreements, the Republican presidential front-runner …

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Ooredoo Kuwait reinforces partnership with Ministry of Youth – We look forward for more opportunities to enrich the lives of youth in future: Sheikh Al-Thani

KUWAIT CITY, March 12: Ooredoo Kuwait, a member of the international Ooredoo Group, reinforced its partnership with the Ministry of State for Youth Affairs through sponsoring Adasa, a festival for short films, art and music that comes as part of the Kuwait Youth Day initiative. The festival was held under …

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Kuwait govt needs to curb consumption, cut subsidies – Oil prices sailing smoothly

Oil producers are delighted that the oil prices have lately been staying firm at $40 level, which is better and 50 percent higher than the oil prices one month ago. All producers have been committed to freezing oil production at January 2016 level. This commitment needs to be transformed into …

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Oil prices supported in Feb by freeze deal

February was a volatile month for oil prices, with daily swings of more than 7 percent witnessed on four occasions. By the end of the month, the international crude benchmark, Brent, recorded its first month-on-month gain since October, rising by 3.5 percent to $35.9 per barrel ($/bbl). The US marker, …

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ABK participates in GUST job fair

Al Ahli Bank of Kuwait (ABK) recently announced the successful conclusion of its participation in the Gulf University for Science and Technology’s (GUST) 18th job fair, under the patronage of Sheikha Al Zain Al Sabah, which was held at the university campus on the 9th & 10th March, 2016. The …

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KSE gains as oil prices surge – Market capitalisation rises by 1.5% to KD 25.25 bln

KUWAIT CITY, March 11: The KSE indices all continued to witness gains, as oil prices surge, the market closed at 5,284.87 up by a 0.78%. The MUDX Islamic Index was also up by 0.75% to close at 516.68 points. While the KSX15 which comprises of the market blue chips closed …

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IEA says oil prices might have bottomed out – Iranian crude supply increase less than dramatic

LONDON, March 11, (RTRS): Oil prices might have bottomed as production declines in the United States and other non-OPEC producers are accelerating and an increase in supply from Iran has been less than dramatic, the International Energy Agency said on Friday. The IEA, which coordinates energy policies of industrialised nations, …

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