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Tuesday , November 20 2018


KSE sheds 48.35 pts amid profit booking – NBK drops 20 fils; Jazeera Airways gains

KUWAIT CITY, March 14: Kuwait stocks swung lower on Monday erasing the last week’s gains. The price index slid 48.35 pts to 5240.19 points weighed by broad profit booking led by banking shares even as the telecom services providers remained muted. The KSX 15 dropped 11.41 points to 857.43 pts …

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AUB names winners of ‘Al Hassad Islamic Saving’ draw

KUWAIT CITY, March 14: “Ahli United Bank” announces winners in its weekly draw in “Al Hassad Islamic Saving” Program. Ahli United Bank held its weekly draw of Al-Hassad Islamic Saving program on March 09, 2016. This program offers the biggest prize amount to the largest number of winners. The prize program …

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OPEC sees lower 2016 demand for its oil – Output falls in February

LONDON, March 14, (RTRS): OPEC on Monday predicted global demand for its crude oil will be less than previously thought in 2016 as supply from rivals proves more resilient to low prices, increasing the excess supply on the market this year. The monthly report from the Organization of the Petroleum …

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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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