Monday , January 22 2018

Business

Kuwait expects an inflow of $1 bln of foreign investment – Market gears up for possible upgrade in FTSE Emerging Markets Index

KUWAIT CITY, Sept 27: The Kuwait Stock Exchange is waiting for a $1 billion inflow of foreign investment following the announcement of a possible rise in the FTSE Emerging Markets Index, which will be announced on Friday after the US markets close, reports Al-Anba daily quoting an unnamed source. The …

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Kuwait’s bourse ‘stems’ 3-day fall; volume soars – Agility spikes 35 fils; CBK gains

Kuwait City, Sept 27: Kuwait’s bourse stemmed a three-day decline on Wednesday as investor sentiment positive ahead of FTSE decision to upgrade Kuwait to emerging market. The price index gained 4.04 points in a slightly volatile trade to 6,768.74 points. The KSX-15 benchmark rose 7.29 points to 1002.18 points while …

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Kuwait 5th regionally, 52nd globally in competitiveness – Drop in index

KUWAIT CITY, Sept 26, (Agencies): Kuwait’s ranking in the Global Competitiveness Index dropped from 38th with a score of 4.53 in 2016-2017 to 52nd out of 137 countries with a score of 4.4 in 2017-2018. According to the report released by World Economic Forum, competitiveness is defined as the set …

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Commercial Bank of Qatar looks to Asian funding amid Gulf crisis – Move to raise $250 mln-plus on Taiwanese bond market

DOHA, Sept 25, (RTRS): Qatar’s third-largest lender, Commercial Bank of Qatar (CBQ), is considering borrowing money on the Taiwanese bond market, its group chief executive told Reuters, as a crisis in the region makes it harder to raise funds. The plan to tap Asian markets is because Qatari banks have …

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Sales total KD 1.5bn in Aug, down 5.4% y/y

Real estate activity remained relatively stable in August. Seasonality pulled the monthly sales figure down slightly to KD 154.5 million. Sales across all sectors totaled KD 1.5 billion year-to-date (ytd), down 5.4% from the same period last year. The residential sector was particularly strong in 2017, compensating for the subdued …

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Kuwait stocks edge lower, volume drops – Banks say as NBK dives 20 fils; VIVA gains

  KUWAIT CITY, Sept 25: Kuwait stocks pulled lower on Monday to close in red zone for the second straight day as the bourse dipped 27.75 points to 6,767.5 points. Most of the banks and blue chips remained subdued. The KSX-15 index dropped 17.01 points to 991.64 points. The weighted …

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OPEC says ‘winning’ battle to end oil glut – Deal due to expire in March 2018

VIENNA, Sept 23, (RTRS): OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter of 2018, ministers said on Friday. The Organization of the Petroleum …

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Deeper the oil cuts, better news for shale producers – ‘keep prices at acceptable level’

There is no escape from this harsh reality —  lesser oils entering the markets will mean better news for USA shale producers and further strengthening of the oil barrels. Of course, higher cuts in crude oils will lead to oil prices stabilizing at $50 a barrel – the best performance …

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Bitcoin between promising future and shifting global economy: Kuwait experts – ‘Currency immune to modification by amateur programmers’

KUWAIT CITY, Sept 23, (KUNA): Since launch in 2008, the bitcoin cryptocurrency has been hailed as the gate for future transactions not limited by the obstructions facing its paper counterpart. Despite the promising premises, the digital nature of bitcoin transactions have made it a bit difficult to govern the cryptocurrency, …

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Kuwaiti firms take part in Qatar event

DOHA, Sept 23, (KUNA): Kuwaiti hunting and falconry companies took part in the First Katara International Hunting and Falcons Exhibition in Qatar. The 14 Kuwaiti companies are presenting products including hunting rifles and ammunition, camping equipment and items used in raising falcons. The event is an opportunity to promote products, …

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