Thursday , September 20 2018

Business

Inflation rate ticks higher at 3.2% in October

Inflation in consumer prices was just a tick higher in October, rising from 3.1% year-on-year (y/y) in September to 3.2% y/y. Inflation across most components remained broadly stable; clothing & footwear inflation appears to have gained the most momentum on a month-on-month basis. Core inflation (which excludes food items) also …

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Al Mazaya showcases its projects at Cityscape Kuwait – Company keen to always be present at local and international events.

KUWAIT CITY, Dec 13: Al Mazaya Holding Company has concluded its participation as a Gold Sponsor of the proceedings of the 2nd edition of Cityscape Kuwait, which was organised on Kuwait International Fairgrounds, Mishref, between Dec 9- 11, 2015. A select number of real estate investment companies from Kuwait and …

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Al Habtoor meets Ethiopian Consul General – Investment opportunities explored

DUBAI, UAE, Dec 13: The Chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, met with a delegation from Ethiopia on Thursday Dec 10, 2015 at the Al Habtoor Group head office. The delegation was led by His Excellency Yibeltal Aemero Alemu, Consul General of the Federal Democratic Republic …

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Subsidy cuts on petrol to hurt citizens, expats – Smart ID holders to benefit

KUWAIT CITY, Dec 13: Subsequent to announcement by the Ministry of Finance few days ago, which confirmed that government will first lift subsidy from petrol and gradually include other commodities, government sources have said the system of preserving subsidy on petrol will be applied through civil ID to guarantee the …

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KSE index ends in red zone to close at 5,633.28 points – Oil and gas sector plunges to 788.5 points

KUWAIT CITY, Dec 13: Kuwait stocks plunged 52.87 points in the red to stand at 5,854.99 points at the start of the week as low risk attitudes prevailed.  The weighted index pulled 1.11 points lower to stand at 384.89 points. The KSE 15 benchmark trudged 1.45 points upwards to close …

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Exclusive discounts for Gulf Bank Priority Banking customers at Behbehani Boutique – Special offers to continue until Dec 15

KUWAIT CITY, Dec 12: Gulf Bank invites its Priority Banking customers to enjoy exclusive discounts at Behbehani’s Luxury Boutique in Al Hamra Luxury Centre in Kuwait.  The exclusive offer will continue until Tuesday, Dec 15. Gulf Bank and Behbehani United Company for General Trading jointly organized a special event on …

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EQUATE wins Innovation Tech Award – Project completed in 3 days with over $14 mln savings

Kuwait city, Dec 12: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, received the Innovation Technology Award, an international recognition from the Dow Chemical Company (Dow), for executing a project to clean the Ethylene Unit (EU) process equipment in less than 3 days. The award-winning project, which was …

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Crude oil price below $40 is not sustainable – Pure Speculation

It is not possible nor practical for oil prices to fall below $40 a barrel. Everybody is predicting that oil prices will decline to as low as $30 or even $25, but this is pure speculation just to gain more publicity or to be known as the one who forecasted …

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Stocks close in red; market cap down 1.11%

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,686.15 points, down by 1.77% from the week before closing, the Weighted Index decreased by 2.06% after closing at 386 points, whereas the KSX-15 Index closed at 914.80 points down by 2.59%. Furthermore, last …

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US retail sales, wholesale inflation rise in November – Producer prices increase 0.3 pct in Nov

WASHINGTON, Dec 11, (Agencies): A gauge of US consumer spending rose solidly in November, suggesting enough momentum in the economy for the Federal Reserve to raise interest rates next week for the first time in nearly a decade. Other data on Friday showed producer prices increased last month as services …

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