Tuesday , September 18 2018

Business

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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Cadillac Alghanim launches promo on ATS, SRX, Escalate – Step into 2016 captivating luxury

KUWAIT CITY, Jan 10: New years come and go, but luxury is timeless. Yusuf A. Alghanim & Sons Automotive, the sole distributor of Cadillac vehicles in Kuwait, is proud to celebrate the new year of 2016 with its customers by offering them spectacular promotions on its award winning luxury vehicles. …

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Saudi’s Aramco would sell its downstream ops, not upstream – Stock market in poor shape to absorb big share sale

KHOBAR, Saudi Arabia/DUBAI, Jan 10, (RTRS): Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramco, sources familiar with official thinking said. Some Aramco managers have been …

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KSE sinks further amid broad selling – NBK dips 20 fils; Americana gains

KUWAIT CITY, Jan 10: Kuwait stocks veered lower on Sunday extending the downtrend from the previous week. The price index, after a tame start, dived 56.62 points to 5,418.53 pts as broad selling continued amid weak sentiment. The banks led the day’s decline whereas some of the technology shares shone. …

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Riding record sales, show to dazzle with 40 new models – Obama to visit Detroit Auto Show

WASHINGTON, Jan 9, (AFP): President Barack Obama said Saturday that he would visit the Detroit Auto Show this month so he can personally see how the industry has recovered since he took office. In his weekly radio and online address, Obama focused on how his policies helped the US car …

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Global oil prices dip again, but not for long – Tensions not helping in market recovery

With the current rate of $32 per barrel, the oil price is the lowest since 2004. For how long will this remain? Prior to the recent conflict between Saudi Arabia and Iran, the oil price per barrel was on the verge of reaching $40 level. Some sort of coordination was …

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