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Friday , January 24 2020

Business

KIB awarded ‘Best Banking Vision in Kuwait’ – Islamic finance awards ceremony held in Dubai

KUWAIT CITY, Dec 5: Kuwait International Bank was recently awarded “Best Banking Vision in Kuwait” by CPI Financial in the Islamic Business & Finance Awards …

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Kuwait stocks retreat 8.73 pts; volume rises – Ooredoo drops 20 fils; NBK gains

KUWAIT CITY, Dec 5: Kuwait stocks sagged on Monday extending the losses to second straight session. The price index gave up slight early gains to …

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Kuwait’s inflation eases to 3.6 pct from one year high – Fuel price hike impact of Sept diminishes

Inflation in consumer prices eased in October as the initial impact of the fuel price hike ebbed. Headline inflation edged lower from the one-year high …

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Al Habtoor holds talks with FGB CEO

Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group, held talks with André Sayegh, CEO, FGB. Also present from FGB was Moustafa Al Khalafawy, Unit Head …

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Oil prices to reach $60 pb by end 2016, says Al-Ofuq chief – ‘OPEC members need to commit themselves to the deal’

KUWAIT CITY, Dec 4, (KUNA): Oil prices have been on the rise by 15 percent since the Organization of Petroleum Exporting Countries (OPEC) decided on …

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Kuwait’s bourse retreats 14.1 pts in choppy trade – Ooredoo skids 40 fils; KFH edges up

KUWAIT CITY, Dec 4: Kuwait stocks pulled lower as it kicked off the week on a dull note. The main index slipped 14.1 pts in …

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OPEC deal to cut output could lead to shale production surge – Trump administration vows measures to promote US oil development

NEW YORK, Dec 3, (AFP): With this week’s deal to cut output, OPEC is creating incentives for American shale producers to boost output just as …

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Oil output deal is done, OPEC now in agreement

OPEC’s meeting last Thursday was quick and fast, triggering an increase in oil price by more than $3 per barrel in less than three hours …

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Earnings of listed companies drop 6% in 9M

The financial results of Kuwaiti exchange-listed companies continued to signal some softness, though performance did appear to surprise on the upside. The corporate sector has …

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Rush to spend as India ‘cash catastrophe’ prompts chaos – Anger mounts at continuing shortage of cash

NEW DELHI, Dec 2, (AFP): Indians endured more turmoil Friday as they rushed to spend old notes at petrol stations before a midnight deadline as …

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