Thursday , October 18 2018

Business

Kuwait gains 36.58 pts amid surge in volume – Americana rallies 100 fils; NBK flat

KUWAIT CITY, March 6: Kuwait stocks swung higher on Sunday after posting strong gains in the previous week. The bourse climbed 36.58 points to 5,280.58 pts helped by broad buying even banks closed narrowly mixed. The KSX 15 gauge inched 1.66 pts higher to 856.29 points taking the month’s gains …

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OPEC to oil market: Firm commitment before cut – ‘Oil freeze deal seems to be working’

Firm commitment before oil reduction — this is the message that OPEC has been sending to the market. We must witness firm commitment from Russia before taking the second step of oil reduction in the coming months. The price of one barrel of oil is approaching $37, which is an …

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Kuwait bourse ends week’s trading in green – Market cap up 1.52% to reach KD 23.98 billion

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,244.00 points, up by 1.34% from the week before closing, the Weighted Index increased by 1.61% after closing at 362.10 points, whereas the KSX-15 Index closed at 854.63 points up by 1.96%. Furthermore, last …

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Moody’s cuts outlooks for four Gulf states – Bahrain to ‘junk’

DUBAI, March 5, (Agencies): Moody’s Investors Service has cut its outlook for the debt ratings of Saudi Arabia and three other Gulf states while lowering Bahrain’s rating to junk, citing concern over the impact of low oil prices on their finances. Saudi Arabia’s Aa3 rating was placed on review for …

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Real estate loans hit KD 26.8 mln

KUWAIT CITY, March 5, (KUNA): The total number of real estate loans in February was 836, amounting to KD 26.8 million, while total portfolio loans were 23, with a value of KD 222,000, Kuwait Credit Bank (KCB) announced Saturday. In a statement, KCB revealed that the total number of property …

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KSE witnesses positive week – Market capitalization up by 1.6 pct to KD 24.92 bln

KUWAIT CITY, March 4: The KSE indices all witnessed a positive week, as oil prices surge, the market closed at 5,244.00 up by a 1.34 percent. The MUDX Islamic Index was also up by 1.01 percent to close at 512.82 points. While the KSX15 which comprises of the market blue …

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Oil slump has uneven impact on global pump prices – Hefty saving for motorists in US, hike in Venezuela

PHILADELPHIA/KHOBAR, Saudi Arabia, March 4, (RTRS): A dramatic drop in oil prices is translating into a mixed bag for motorists across the globe — from hefty savings at the pump in the United States to a rare fuel price hike in Venezuela. Oil prices have dropped nearly 70 percent in …

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Asian shares set for best week in 5 months

TOKYO/SINGAPORE, March 4, (RTRS): Asian shares looked set on Friday to post their strongest week in five months as global investors returned to riskier assets after a string of positive US economic data and a bounce in oil and commodity prices. The rebound could continue if the February US employment …

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Global stocks up as commodities, emerging markets rise; dollar falls – Global stocks up as commodities, emerging markets rise; dollar falls

NEW YORK, March 4, (Agencies): Stock markets worldwide edged up on Friday, on pace for a fourth day of gains, as commodities prices firmed and strong US jobs growth bolstered confidence in the global economy. US equity indexes advanced following February’s jobs data, which showed strong growth in payrolls and …

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Al Habtoor holds talks with GIB CEO – Discussions on UAE banking sector, business cooperation

DUBAI, UAE, March 3: Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group met with Abdulaziz Al-Helaissi, the new Chief Executive Officer of Gulf National Bank (GIB) on Thursday, March 3. Al-Helaissi, a 26 year banking veteran, joined GIB as CEO in February this year. Prior to that he was Deputy …

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