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Wednesday , November 21 2018

Business

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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ABK participates in GUST job fair

Al Ahli Bank of Kuwait (ABK) recently announced the successful conclusion of its participation in the Gulf University for Science and Technology’s (GUST) 18th job fair, under the patronage of Sheikha Al Zain Al Sabah, which was held at the university campus on the 9th & 10th March, 2016. The …

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KSE gains as oil prices surge – Market capitalisation rises by 1.5% to KD 25.25 bln

KUWAIT CITY, March 11: The KSE indices all continued to witness gains, as oil prices surge, the market closed at 5,284.87 up by a 0.78%. The MUDX Islamic Index was also up by 0.75% to close at 516.68 points. While the KSX15 which comprises of the market blue chips closed …

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IEA says oil prices might have bottomed out – Iranian crude supply increase less than dramatic

LONDON, March 11, (RTRS): Oil prices might have bottomed as production declines in the United States and other non-OPEC producers are accelerating and an increase in supply from Iran has been less than dramatic, the International Energy Agency said on Friday. The IEA, which coordinates energy policies of industrialised nations, …

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India, Middle East in talks on oil-for-food scheme – New Delhi seeks to secure energy supplies and boost exports

NEW DELHI, March 11, (RTRS): India is in talks with some Gulf nations to buy oil to fill its strategic reserves and sell food in return, seeking to use its position as the world’s third-largest oil importer to both secure energy supplies and boost exports. Indian Oil Minister Dharmendra Pradhan …

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US import prices fall, but downward trend nearing end – Declining costs for petroleum and range of other goods weigh

WASHINGTON, March 11, (RTRS): US import prices fell in February for an eighth straight month, weighed down by declining costs for petroleum and a range of other goods, but the pace of decline is slowing as the dollar’s rally fades and oil prices stabilize. The Labor Department said on Friday …

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Al Habtoor meets Secretary General of UAE Investors Council

Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group held talks with Jamal Saif Al Jarwan, Secretary General of UAE International Investors Council at the Al Habtoor Group Head Office on March 10.  Also present was K. P. Rajan, Group Financial Advisor, Al Habtoor Group and Sunderesh Iyer, Chief …

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Local banks capable of subscribing in KD 3-5 bn govt bonds: Al-Marzouq – Govt won’t withdraw from deposits to bridge budget deficit: KFH Chairman

KUWAIT CITY, March 10: Chairman, Kuwait Finance House (KFH), Hamad Abdulmohsen Al-Marzouq stated that over 3 years, local banks are able to subscribe in KD 3 to 5 bln in government bonds that are likely meant to bridge the budget deficit. “Downgrading the credit rating for any country takes a …

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