--------- AMP -----------
Wednesday , November 14 2018


Kuwait oil price in record fall to $24.12 pb

Kuwait oil price, in record decline, dropped $2. 32 reaching $24.12 per barrel on Thursday in contrast to $26.44 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said on Friday. In international markets, Brent Blend contracts rose, today (Friday), 2.3 percent, reaching $34.72 pb, two dollars higher than its lowest fall …

Read More »

Samsung flags 15 percent increase in Q4 operating profit

Samsung Electronics on Friday flagged a 15 percent increase in 2015 Q4 operating profit, rounding off a year in which the world’s largest smartphone producer struggled with fierce competition from arch-rival Apple and cut-price Chinese competitors. In an earnings estimate, the South Korean tech giant predicted an operating profit of …

Read More »

Al Habtoor considers Egypt mega project – Al Arabiya TV Channel interviews chief of Al Habtoor Group

DUBAI, UAE, Jan 7: Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group spoke to Al Arabiya TV Channel about an ambitious project he is considering in the Egyptian capital Cairo. In an exclusive interview with Business Lunch on Al Arabiya on Wednesday Jan 6, 2016 Al Habtoor said that he …

Read More »

KFH launches its 2016 corporate campaign – Customers at the centerpiece of TV Ad

KUWAIT CITY, Jan 6: With the advent of the New Year, Kuwait Finance House’s (KFH) new corporate campaign launches with a magnificent renewed feel reflecting KFH’s keenness to show its respect and caring to its precious customers both for their loyalty to KFH throughout many years since its establishment in …

Read More »

Alghanim industries joins judging panels at AUM

KUWAIT CITY, Jan 6: Alghanim Industries, one of the largest private companies in the region, joined the judging panels for the Capstone Business Project Competition at the American University of the Middle East (AUM). Tom Hatton, Senior Director-Talent Management and Organizational Development, and Satish Kadkol, Manager- Kirby Post-Sales Engineering, were …

Read More »

Kuwait treads water as investors cautious – Zain slips 5 fils; NBK flat

KUWAIT CITY, Jan 6: Kuwait stocks trod water on Wednesday after heading south in the last two sessions. The main gauge inched 0.18 pts lower in lacklustre trading even as investors toed caution amid turmoil in global markets triggered by weak Chinese economic data and Saud-Iran tension. The KSX 15 …

Read More »

Saudi-Iran split dashes chance of OPEC deal – Iranian exports to jump after sanctions

LONDON, Jan 6, (RTRS): The collapse in relations between Saudi Arabia and Iran after the Saudi execution of a Shi’ite cleric puts an end to speculation that OPEC could somehow agree production curbs to lift the price of oil anytime soon. A Reuters survey of OPEC production showed on Tuesday …

Read More »

Kuwait bourse eases 4.15 pts; volume dip – KFH falls 10 fils; Americana gains

KUWAIT CITY, Jan 5: Kuwait stocks edged lower on Tuesday after the sharp losses in the last session. The bourse slipped 4.15 points in lackluster trading to 5564.15 pts even as the board remained largely mixed. The market was rattled by the global selloff on Monday following the sharp losses …

Read More »

Oil, global volatility weigh in 2015 – Capitalization down $200 bln

It was a tough year for regional stocks (and world stocks) with most markets ending 2015 well into negative territory. GCC equities underperformed most international peers with the MSCI GCC total return index retreating 15% during the year, its weakest performance since 2008. The correction followed three years of solid …

Read More »

Iran, Saudi Arabia tensions can’t halt slide in oil prices – Geopolitical risk loses some of its ability to influence market: analyst

DALLAS, Jan 5, (AP): Even the escalating tension between Iran and Saudi Arabia, two big oil-producing countries, can’t halt the slide in energy prices. Oil futures spiked briefly on Monday after the news that Saudi Arabia would cut diplomatic ties with Iran, a development that could be seen as a …

Read More »
Translate »