Wednesday , October 18 2017

Business

IMF cuts US economic forecasts on Trump fiscal plan uncertainty – Economy seen to grow 2.1 pct in 2017 & 2018

WASHINGTON, June 27, (RTRS): The International Monetary Fund (IMF) on Tuesday cut its growth forecasts for the US economy to 2.1 percent for both 2017 and 2018, dropping its assumption that President Donald Trump’s tax cut and fiscal spending plans would boost growth. The IMF, after a review of US …

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Kuwait oil minister optimistic markets will slowly rebalance – OPEC, non-OPEC exceed targeted output cuts: Al-Marzouq

KUWAIT CITY, June 22, (Agencies): Kuwait’s Oil Minister Essam Al-Marzouq said on Thursday that he was optimistic that oil markets will gradually return to balance supported by the record compliance with the oil supply-cut pact by OPEC and non-OPEC. Says OPEC and non-OPEC oil producers reached the highest compliance level …

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Kuwait bourse winds up week with modest gains – Humansoft Holding soars 100 fils; Zain slips

KUWAIT CITY, June 22: Kuwait stocks swung higher on Thursday to wind up the week on a firm footing. The price index rose 7.08 points in volatile session to 6,772.1 pts helped by bargain buying in select counters even as the overall mood remained dull ahead of the Id-Al-Fitr holidays. …

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Noor Capital Markets announces winner of grand campaign – Employees honored at annual Ghabqa

KUWAIT CITY, June 21: Attended by the company’s staff with their families as well as friends, businessmen and representatives of the Kuwaiti media; Noor Capital Markets has held its annual Ghabqa in Crowne Plaza Hotel. Naser Al Marri, Vice-Chairman-Board of Directors thanked the staff for their excellent performance, which builds …

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Emirates, flydubai seek closer ties

Emirates, the Middle East’s largest airline, and budget carrier flydubai will start to deepen their relationship over the next 18 months as their owner, the Dubai government, seeks to improve returns. Emirates President Tim Clark told reporters on Wednesday that changes could include more closely coordinated connecting — or feeder …

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Kuwait bourse closes down in volatile trade – KFH dips 19 fils; CBK gains

KUWAIT CITY, June 21: Kuwait stocks pulled lower on Wednesday as it extended the losses to third consecutive session. The main index dropped 18.37 pts in volatile trade weighed by banks and other blue chips even as oil drop roiled the sentiment. The KSX 15 benchmark slipped 11.35 points to …

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Etihad Airways rated top by Heathrow Airport

Etihad Airways has been given a top rating by London’s Heathrow Airport for its emissions and night-time noise performance during the first three months of 2017. The “Fly Quiet and Clean” League Table, the first of its kind to be produced by the airport, placed the UAE’s national airline among …

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Kuwait’s inflation up 2.7 pct in May – CSB – Food, beverages price rises by 0.13 pct

KUWAIT CITY, June 20, (KUNA): The Consumer Prices Index (CPI) has risen by 2.7 percent in May year-on-year, the Central Statistical Bureau (CSB) said on Tuesday. The index figure for May 2017 recorded an increase of 0.07 percent, compared to April, the CSB added in its monthly report. The CPI …

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Kuwait bourse extends losses; volume tumbles – KIPCO slips 6 fils; NBK gains

KUWAIT CITY, June 20: Kuwait stocks slipped into red on Tuesday, extending the losses to second session. The bourse dipped 46.75 points in choppy trade to 6,78338 points amid selling in select counters even as the heavyweights closed mostly higher. The KSX 15 benchmark rose 2.9 pts to 930.27 points …

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EQUATE continues global sustainability initiatives by planting 300 trees in China – Move to preserve environment

KUWAIT CITY, June 19: EQUATE Petrochemical Company, a global producer of petrochemicals, continued its global sustainability initiatives by planting trees in China as part of ongoing efforts to preserve the environment and giving back to the society in partnership with one of its leading Chinese customers. Representing the Ambassador of …

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