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Tuesday , November 20 2018


China December ‘factory’ activity dips; more stimulus needed in ’16 – Services sector ends 2015 on a strong note

BEIJING, Jan 1, (RTRS): China looked set for a soggy start to 2016 after activity in the manufacturing sector contracted for a fifth straight month in December, suggesting the government may have to step up policy support to avert a sharper slowdown. While China’s services sector ended 2015 on a …

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India to tighten ‘rules’ for credit cooperatives – Move to protect investors

NEW DELHI, Jan 1, (RTRS): India will crack down on errant financial firms that raise funds, mainly from millions of rural poor customers, through loosely regulated credit cooperative societies, a senior official in the agriculture ministry said. This follows a Reuters investigation that revealed an expansion in fund-raising by embattled …

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Warba Bank opens new branch in Al-Egaila – Move in line with lenders expansion policy across Kuwait

KUWAIT CITY, Dec 29:  For achieving its expansion policy aiming at attracting the larger segment of customers, Warba Bank inaugurates its 9th branch across Kuwait in Al-Egaila Area, Al Arabiya Commercial Complex. The new branch joins branches network covering all vital areas in Kuwait. The opening ceremony has been organized …

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Saudi economic shake-up shows it is planning for cheap oil prices – Aramco chairman says country can wait out rivals

DUBAI, Dec 29, (RTRS): Saudi Arabia’s planned cuts in spending and energy subsidies signal that the world’s largest crude exporter is bracing for a prolonged period of low oil prices. The OPEC heavyweight shows no signs of wavering in the long-term oil strategy it has orchestrated since last year. Instead, …

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Kuwait crude to hit $27 in Feb: analyst – Rise in Iran oil cited

KUWAIT CITY, Dec 29, (KUNA): A Kuwaiti oil analyst has forecasted the price of Kuwaiti oil barrel would drop to USD 27 per barrel next February, affected by the pumping of Iranian oil into the markets and the decision to lift the ban on exports of US crude oil. International …

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KSE index declines 44.6 pts; volume up – KFH drops 10 fils; Zain gains

KUWAIT CITY, Dec 29: Kuwait stocks veered south on Tuesday as it extended the losses to third consecutive session. The bourse, after a tame start, dipped 44.6 points to 5,583.81 pts even as sentiment remained dull in absence of catalysts. The banking shares remained mostly unchanged while some of the …

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Saudi posts record deficit, cuts fuel subsidies – Govt to adjust water, electricity, fuel prices over 5 years

RIYADH, Dec 28, (AFP): Saudi Arabia announced a record budget deficit and cuts to fuel and utility subsidies on Monday as the oil powerhouse suffers from the drastic fall in crude prices. Petrol prices in the kingdom were to rise by more than 50 percent on some products from Tuesday, …

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BMW ConnectedDrive redefines sheer driving pleasure – Cutting edge technology offers market-leading benefits and privileges

KUWAIT CITY, Dec 28: BMW group continues to present customers with unmatched, market-leading benefits and privileges of owning a new BMW vehicle equipped with the pioneering and cutting-edge technology – BMW ConnectedDrive. The BMW ConnectedDrive technology has two components: the Driving Assistant the Services and Apps that offer car owners …

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GHC strengthens senior management team – Al Memar appointed as Chief Development Officer

KUWAIT CITY, Dec 28: Gulf Holding Company (GHC), the Kuwait-based regional real estate company today announced that it is further strengthening its senior management team by appointing Laith Yousif Al Memar as Chief Development Officer.  In this new role, Al Memar will oversee GHC’s real estate projects across the region, …

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Kuwait bourse sheds 18.75 pts, volume flat –  Americana gains 20 fils; VIVA falls

KUWAIT CITY, Dec 28: Kuwait stocks pulled lower on Monday as it continued to see saw in a narrow range. The key gauge slipped 18.75 pts in listless trading to settle at 5,628.41 pts even as the board remained mixed. Most of the banks held steady while some of the …

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