Friday , October 19 2018

Business

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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China’s November spending beats expectations led by loans, bonds – Beijing’s bank lending rebounds in November after stimulus

BEIJING, Dec 11, (RTRS): New loans and money supply grew faster than expected in China in November as interest rate cuts and higher government spending spurred more demand for credit, a welcome bright spot after a raft of disappointing economic data. Chinese banks extended 708.9 billion yuan ($109.81 billion) of …

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Oil glut ‘worsening’ as demand growth slows – OPEC output booms

LONDON, Dec 11, (Agencies): Global oil markets will remain oversupplied at least until the end of 2016 as demand growth slows and OPEC output booms, putting oil prices under further pressure, the International Energy Agency said on Friday. The IEA, which advises developed nations on energy policies, said the global …

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Jaguar Land Rover inks deal to build plant in Slovakia

Indian-owned Jaguar Land Rover (JLR) on Friday signed a deal to build a car manufacturing plant in Slovakia, its first such investment in continental Europe. The factory, worth 1.1 billion pounds (1.5 billion euros, $1.67 billion), is due to turn out the first cars in 2018, said JLR chief executive …

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KAH holds talks with AUC delegation – ‘Al Habtoor Scholarship’, management changes among issues discussed

DUBAI, UAE, Dec 9: Khalaf Ahmad Al Habtoor welcomed a delegation from The American University in Cairo (AUC) led by Dr Tarek Shawki, Dean of the School of Science and Engineering on Wednesday. Also present was Dina Abulfotuh, Vice-President for Institutional Advancement and Communications; Dina el-Gassar, Director of Development, Office …

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EQUATE sponsors 8th ASSE in Kuwait Conference – Co meets top HSSE professionals and exchange world-class best practices

KUWAIT CITY, Dec 9: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, sponsored the 8th International Health, Safety, Security, Environment (HSSE) & Loss Prevention Professional Development Conference & Exhibition 2015 organized by the by the American Society of Safety Engineers (ASSE) – Kuwait Chapter. With the aim of …

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Minister of Commerce and Industry opens Cityscape Kuwait 2015 – Event returns with new features and highlights across 7,000 sqm of exhibition space

KUWAIT CITY, Dec 9: The second edition of Cityscape Kuwait held under the patronage of His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, Prime Minister of the State of Kuwait, has been officially inaugurated by His Excellency Dr. Yousef Mohammed Al-Ali, Minister of Commerce and Industry. Taking place until Dec 11, …

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