ARAB TIMES – KUWAIT NEWS THE FIRST ENGLISH LANGUAGE DAILY IN FREE KUWAIT
After our Amir initiated the cost cutting process in the Amiri Diwan and instructed the government to follow suit, it is time for our Kuwaiti …
Read More »Kuwait crude oil industry should start cost cutting – Hard times yet to come; KPC must act
Business
Kuwait indices hit significant low levels – Market cap loses around KD 1.56 bn during week
Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 4,946.33 points, down by 6.07% from the week before …
Read More »Saudis slam ‘irrational’ oil price – Crude hits new 12-year low under $27 on supply glut
LONDON, Jan 23, (AFP): The world’s biggest oil exporter Saudi Arabia declared this week that ultra-low oil prices were “irrational” as crude hit new 12-year …
Read More »Kuwait oil up
The price of Kuwaiti oil went up by 36 cents to settle at $19.50 per barrel compared to $19.14 pb last Wednesday, said Kuwait Petroleum …
Read More »Credit grows by 6.5 pct in Nov – Pvt deposits dips
KUWAIT CITY, Jan 22: Credit saw a healthy increase in November 2015, with growth slipping only slightly to 6.5% y/y. Total credit rose by KD …
Read More »Low oil price chance for Gulf economic reforms: ministers – ‘We saw an opportunity to have people do the right thing’
DAVOS, Switzerland, Jan 22, (AFP): The sharp drop in the price of oil, the lifeblood of Gulf economies, is an opportunity to end subsidies and …
Read More »Wal-Mart to give hike to most of its workers – Largest US private employer
NEW YORK, Jan 22, (AP): Wal-Mart is giving raises to the vast majority of its US employees as part of the world’s largest retailer’s previously …
Read More »NBK posts KD 282.2 mln net profit for 2015-16 – Total assets up 8.3% y/y to KD 23.6 bln; Board proposes cash dividends of 30 fils/share
KUWAIT CITY, Jan 21: National Bank of Kuwait (NBK) reported net profits of KD 282.2 million (USD 929.7 million) for the year 2015 compared with …
Read More »KSE extends bear run, ends 38.94 pts in red – KIPCO drops 10 fils; Mabanee Co gains
KUWAIT CITY, Jan 21: Kuwait stocks sagged on Thursday to wind up the week on a sour note. The bourse slid 38.94 points to 4,946.33 …
Read More »No sign Saudi Arabia will ride to oil market rescue – Reforms to reduce spending key to long-term oil policy
RIYADH/DUBAI, Jan 21, (RTRS): Low oil prices have pushed top exporter Saudi Arabia to hasten difficult economic reforms and cut spending on popular benefits, but …
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