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Business

KSE climbs 21.45 pts amid renewed buying – Ooredoo soars 80 fils; KIPCO flat

KUWAIT CITY, May 31: Kuwait stocks rebounded Tuesday, stemming the two-retreat helped by renewed buying in select counters. The bourse climbed 21.45 pts to 5,400.33 …

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Global glut to temper oil price gains this year: poll – Brent seen averaging $56.40 in 2017 and $64.30 in 2018

LONDON, May 31, (RTRS): Global oversupply in crude oil is likely to limit price gains this year despite a series of unplanned outages and shrinking …

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Al Sayer holds farewell ceremony for Raju Varghese – Raju honored by Group Chairman and CEO for his dedication and long service

KUWAIT CITY, May 30: Al Sayer Group Holding held a special farewell ceremony for Raju Varghese, Senior Manager Toyota Sales Administration who has been serving …

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ABK wins ‘Employer of the Year’ award from Naseba

KUWAIT CITY, May 30: Al Ahli Bank of Kuwait (ABK) received the ‘Employer of the Year’ award from Naseba at the 11th Human Capital Forum …

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Inflation eases to 2.9% on slowdown in food prices

Inflation in consumer prices eased to 2.9% year-on-year (y/y) in April, on the back of a slowdown in food inflation. Core inflation (which excludes food …

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Kuwait index retreats 13.93 pts; volume dips – KFH falls 5 fils; Agility flat

KUWAIT CITY, May 30: Kuwait stocks swung lower on Monday extending the losses to second straight day. The price index slipped 13.93 pts in slightly …

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Panasonic introduces latest products for Kuwait market – Key highlights of convention include new lineup of VIERA models of advanced smart TVs, range of air purifiers and fans

KUWAIT CITY, May 29: Panasonic Marketing Middle East & Africa (PMMAF) in collaboration with its local partner Easa Husain Al-Yousifi & Sons Co unveiled its …

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KFH-Turkey issues sukuk for TL 300m – Issuance highest amount in domestic market

KUWAIT CITY, May 29: With the lease certificate (sukuk) of 300 million TL with tenure of 179 days, KFH-Turkey has realized the initial public offering …

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Kuwait bourse edges lower; volume tumbles – Commercial Bank drops 10 fils; Zain flat

KUWAIT CITY, May 29: Kuwait stocks sagged slightly Sunday as sentiment dampened over scrapping of stake sale of Kharafi Group owned Americana. The price index …

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GCC petrochemical sector sales exceeds $85 bln in 2015: EQUATE CEO

Chief Executive Officer at Equate Petrochemical Company Mohammad Hussein disclosed that sales of the GCC Petrochemical Sector in 2015 exceeded $85 billion, saying sector grew …

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