Wednesday , August 22 2018

Business

Kuwait edges slightly lower; volume jumps – NBK drops 10 fils; KIPCO gains

KUWAIT CITY, Jan 13: Kuwait stocks edged lower on Wednesday extending the decline to eighth straight session. The main index, after a tame start, closed 4.66 points down at 5,352.96 pts even as investors toed caution in wake of further drop in oil prices. The banks and most of the …

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AAW welcomes French ambassador to Kuwait

KUWAIT CITY, Jan 12: Ali Abdulwahab Al Mutawa Commercial Co (AAW) today announced that Chairman and Managing Director of AAW, Faisal Ali Abdulwahab Al Mutawa met with French Ambassador to Kuwait, HE Christian Nakhlé, at AAW where the two discussed trade and investment opportunities and the development of Kuwait’s private …

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Airbus orders fly past Boeing in 2015 – European aircraft maker expects to raise deliveries to 650 in 2016

PARIS, Jan 12, (AFP): European aircraft maker Airbus said on Tuesday that plane orders dropped in 2015 from a year earlier, but were still way ahead its US rival Boeing. Airbus clocked up 1,036 net orders last year, down from 1,456 in 2014. This compares with Boeing orders of 768, …

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Kuwait bourse drops 29.42 pts; volume dips – KIPCO sheds 20 fils; NBK flet

KUWAIT CITY, Jan 12: Kuwait stocks eroded further on Tuesday extending the losing streak to seventh consecutive day even as oil prices plumbed fresh 12-month low. The bourse dropped 29.42 points in lackluster trade to 5357.62 points paced by selling in select counters. The KSX 15 benchmark dipped 5.58 points …

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Trade surplus slips KD 1.8 bln in Q3 of 2015

Kuwait’s trade surplus narrowed in 3Q15 on the back of lower oil revenues. However, the surplus remains relatively healthy at 17% of GDP. The surplus slipped to KD 1.8 billion in the third quarter of 2015 as lower oil prices continued to weigh down on revenues. The trade surplus is …

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KSE dips 31.49 points amid weak sentiment – Americana dives 60 fils; NBK flat

KUWAIT CITY, Jan 11; Kuwait stocks sagged on Monday extending the losses to sixth straight session. The bourse, after wobbly start, dropped 31.49 points to 5,387.04 pts amid weak regional and global backdrop. Some of the banking and financial shares continued their losing spree even as most of the telecom …

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Kuwait Burgan Bank picks arrangers for KD 100m bond

DUBAI, Jan 11, (RTRS): Burgan Bank, Kuwait’s third-largest lender by assets, has picked two arrangers for a potential 100 million dinar ($329.4 million) bond, for which marketing to investors could start as soon as this week, sources aware of the matter said. The Kuwaiti lender is one of a number …

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Bahrain govt cuts petrol subsidies – Oman sets new gasoline, diesel prices

DUBAI, Jan 11, (Agencies): Bahrain on Monday announced a hike of more than 50 percent in petrol prices following its cut in subsidies for energy products as oil producing countries struggle with nosediving crude prices. The government said the price of regular petrol will increase Tuesday from 80 fils (20 …

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Saudi riyal stable: monetary chief – Govt takes measures to deal with low oil prices

RIYADH, Jan 11, (AFP): Saudi Arabia on Monday said its currency was stable despite volatility in the futures market as the kingdom takes unprecedented measures to deal with low oil prices. The Saudi riyal will remain pegged at 3.75 to one US dollar, said the Governor of the Saudi Arabian …

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Al Sayer Group holds Annual Employee Convention 2015 – Co recognizes outstanding customer service efforts and honors ‘Best In The Business’ teams

KUWAIT CITY, Jan 10: Al Sayer Group, one of the leading conglomerates in the region held the Annual Employee Convention 2015 to recognize outstanding customer service efforts and honor distinguished “Best in the Business” teams across its non-trading and trading business units including Mohamed Naser Al Sayer for Toyota and …

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