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Friday , January 17 2020

Business

Kuwait index breaches 6,000 pts; volume soars – KFH climbs 10 fils; Zain slips

KUWAIT CITY, Jan 10: Kuwait stocks soared further on Monday to breach the 6000 points benchmark as it extended the rally to fifth straight session. …

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Saudi Arabia hires HSBC as financial advisor – Kingdom plans to privatise management of school buildings

RIYADH, Jan 10, (RTRS): Saudi Arabia has hired HSBC as financial advisor for its plans to privatise construction and management of school buildings, as it …

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‘Pledged’ OPEC oil output cuts encouraging: Kuwait – Iraq’s crude exports from south climb further: minister

KUWAIT CITY, Jan 9, (AFP): Kuwaiti Oil Minister Essam al-Marzouk, whose country heads a committee to monitor crude output cuts, on Monday described as encouraging …

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Kuwait ‘rallies’; volume reaches multi-year high – Humansoft Holding soars 100 fils; Americana dips

KUWAIT CITY, Jan 9: Kuwait stocks logged strong gains on Monday, extending its rally to fourth straight session. The bourse jumped 55.35 pts to 5951.84 …

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‘Riyadh Metro’ on track despite cuts – ‘We are progressing’

RIYADH, Jan 9, (AFP): A major contractor on Riyadh’s $22.5 billion urban rail and bus system said Monday the project is on track despite Saudi …

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Iran takes ownership of first jet under sanctions deal

Airbus said on Sunday Iran’s state airline IranAir had accepted its first new jet, marking a key step in opening up trade under a nuclear …

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Kuwait index rallies 65.3 pts, volume up – Americana gains 20 fils; KFH flat

KUWAIT CITY, Jan 8: Kuwait stocks logged solid gains amid brisk trading on Sunday following an impressive performance in the previous week. The bourse rallied …

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US oil industry coming back cautiously – Sector pivots from brutal 2-year slump caused by crashing oil prices

NEW YORK, Jan 8, (AFP): The US oil industry is feeling guarded optimism going into 2017 as it pivots from a brutal two-year slump prompted …

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Kuwait cuts January crude oil output to agreed OPEC target – Iran capitalises on production cuts to sell millions of barrels

DUBAI, Jan 7, (RTRS): Gulf OPEC member Kuwait has reduced oil production in January to around 2.707 million barrels per day, meeting its output target …

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Testing time ahead for strong oil prices – Focus on output compliance

One question that is often asked since the issuance of OPEC’s decision last November in Vienna is whether the oil producing countries will honor their …

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