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Wednesday , November 13 2019

Business

High public investment underpins growth

Relatively high public investment will continue to underpin Qatari economic growth, especially in the non-hydrocarbon sector. Coupled with output gains in the hydrocarbon sector related …

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KSE retreats 25.83 pts as profit taking weighs – NBK drops 20 fils; Americana soars

KUWAIT CITY, June 20: Kuwait stocks retreated on Monday as profit taking kicked in after the strong rally in the previous session. The price index …

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Iran reaches deal to buy 100 Boeing planes – Sale must be approved by US government

TEHRAN, June 19, (AFP): Iran said Sunday it has reached an agreement with American aerospace giant Boeing to purchase 100 aircraft to renew its ageing …

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Food major Americana re-traded at KSE – Move follows conclusion of stake sale deal

KUWAIT CITY, June 19, (KUNA): Nutrition giant Americana’s shares returned to trading on Sunday after the company’s clarification about a sales deal between Al Khair …

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Kuwait index rallies on Americana stake deal – Ooredoo vaults 40 fils; Zain stagnates

KUWAIT CITY, June 19: Kuwait stocks saw solid rebound on Sunday after see sawing in the previous session. The price index rallied 62.67 pts to …

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Qatar warns of cost overruns, delays in projects – Govt predicts at least 3 years of budget deficit

DOHA, June 19, (Agencies): A $200 billion infrastructure programme launched by Qatar could see higher costs and delays because of the slump in oil prices, …

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Dubai group pays $2.4 bln for control of Kuwait’s Americana – Deal appears to end one of region’s longest running acquisition sagas

DUBAI, June 18, (RTRS): An investment group led by prominent Dubai businessman Mohamed Alabbar has agreed to buy a majority stake in Kuwait Food Co …

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Commercial companies face payment ‘delays’ from govt – Low oil price bites oil-producing countries

According to some local media reports, commercial companies are facing delays of up to 180 days and even a year in some cases in receiving …

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Kuwait bourse ends down as volume soars – Market cap slides 0.81% to KD 22.94bn

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,394.84 points, down by 0.29% from the week before …

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Omar Alghanim wins prestigious CEO Award – Receives Knowledge and Education Development CEO Award

KUWAIT CITY, June 18: Alghanim Industries CEO Omar Kutayba Alghanim has received the Knowledge and Education Development CEO Excellence Award from the Middle East Excellence …

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