Tuesday , January 23 2018

Business

KSE sheds 12.88 pts as volume rebounds – NBK falls 10 fils; Americana jumps

KUWAIT CITY, Oct 4: Kuwait stocks headed south Sunday extending the losses from the earlier week. The price index slipped 12.88 pts to 5,707.77 points paring steeper early session drop. The heavyweights closed mixed even as sentiment remained soggy. The KSX 15 benchmark eased 3.48 pts to 926.36 points taking …

Read More »

Bahrain lifts meat subsidies as oil bites

Move to save money as low oil prices hit state finances MANAMA, Oct 3, (RTRS): Bahrain more than doubled the prices of beef and chicken removing meat subsidies in a politically sensitive move designed to save money as low oil prices slash the government’s revenues. Like other Gulf oil-exporting states, …

Read More »

Market indices record losses during week

Trading volume average 141.75 million shares, up 17.63% Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,720.65 points, down by 0.59% from the week before closing, the Weighted Index decreased by 0.67% after closing at 386.63 points, whereas the KSX-15 Index closed …

Read More »

Shale producers emerge as market stabilizing element

Oil prices to remain stable blow $50 Almost one year ago in November 2014, Saudi Arabia relinquished its role of swing producer and oil prices dropped by more than 50 percent. It now appears that the shale oil producers are emerging as the new legitimate replacement of Saudi Arabia as …

Read More »

Price of investment buildings in Kuwait drops, experts say

Investors pessimistic KUWAIT CITY, Oct 3, (KUNA): A number of real estate experts said here Saturday that there was a visible drop in the price of investment buildings in Kuwait due to a number of geopolitical factors and a pessimistic outlook in general regarding future forecast for real estate in …

Read More »

KFH participates as primary dealer for sukuk issued by IILM

Volume traded affirms bank as global market maker, says Al-Roshoud KUWAIT CITY, Oct 3: Kuwait Finance House (KFH) participated as a primary dealer for short-term sukuk issued by the International Islamic Liquidity Management IILM worth $1.850 bln. KFH is considered as the most active dealer in the market in terms …

Read More »

NBK offers its customers valuable weekly prizes

National Bank of Kuwait (NBK) offers its customers the chance to win valuable prizes weekly when using NBK electronic channels. In an exclusive campaign valid until 7 January 2016, NBK customers who enroll or use NBK’s Online Banking and Mobile Banking Application are eligible to enter weekly draws to win …

Read More »

GDP growth in ’15 forecast to slowdown to 3.5 percent yr/yr

Oil sector growth seen anemic in near-to-medium term KUWAIT CITY, Oct 2: Real economic growth in the UAE is forecast to slow down modestly in 2015 to around 3.5% year-on-year (y/y) in 2015, as real oil GDP growth continues to get stung by conditions in the international energy markets. Growth …

Read More »

Pacific trade ministers vow to reach agreement

Deal would be a legacy-defining achievement for Obama  ATLANTA, Oct 2, (Agencies): Trade ministers from a dozen Pacific nations meeting in Atlanta extended talks on a sweeping trade deal until Saturday in a bid to get a final agreement on the most ambitious trade pact in a generation. Officials extended …

Read More »

Japan household spending picks up, eases concern about economy

Measures of labour demand hits highest since Jan 1992 TOKYO, Oct 2, (Agencies): Japan’s household spending rose in August for the first time in three months and the availability of jobs improved to its best in more than two decades, which could temper concerns that the economy has fallen into …

Read More »
Translate »