Friday , February 22 2019

Business

KIPCO posts net profit of KD 53 mln for 2015 – BoD recommends cash dividend of 25 fils per share

KUWAIT CITY, Feb 16: KIPCO — the Kuwait Projects Company — has announced a net profit of KD 53.03 million ($ 175 million), or 34.05 …

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KSE climbs 8.08 pts in ‘sluggish’ trading – NBK gains 10 fils; KIPCO flat

KUWAIT CITY, Feb 15: Kuwait stocks pulled higher on Monday after closing nearly flat in the previous session. The bourse rose 8.08 pts in sluggish …

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‘Better Iran-Saudi ties would help oil prices’ – Venezuela talks to Russia, other producers

MOSCOW, Feb 15, (RTRS): Venezuela is talking to some OPEC members and Russia about the possibility of joint action to prop up oil prices, a …

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JTC wins EQUATE transportation haulage contract – Third consecutive services deal between companies

KUWAIT CITY, Feb 14: Jassim Transport & Stevedoring Company W.L.L (JTC) has been awarded a three year contract from EQUATE Petrochemical Company, Kuwait’s first international …

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Gulf Bank named as ‘Best Cash Management Provider in Kuwait’ – Recognition by ‘Global Finance’

KUWAIT CITY, Feb 14: Gulf Bank is pleased to announce it has been named ‘Best Cash Management Provider in Kuwait’ by Global Finance magazine. This …

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Kuwait stocks tread water; volume soars – Mabanee Co sheds 30 fils; KFH flat

KUWAIT CITY, Feb 14: Kuwait stocks trod water on Sunday after posting losses during the previous week. The bourse inched 0.51 pts lower to 5,131.05 …

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OPEC ‘increasingly keen’ to end oil glut – ‘Growing consensus’

ABUJA, Feb 14, (RTRS): The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a …

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Kuwait bourse closes week in red zone – Market loses about KD 1.94 billion since beginning of 2016

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,131.56 points, down by 1.29% from the week before …

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KPRC: The new oil and petrochemical company – New venture now seeking investors

The board of Kuwait Petroleum Corporation (KPC) recently approved the formation of a new company under the name ‘Kuwait Petrochemical Refining Company’ (KPRC) which will …

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S&P affirms Kuwait ratings at ‘AA/A-1+’ – Outlook stable

LONDON, Feb 13: Standard & Poor’s Ratings Services affirmed its ‘AA/A-1+’ long- and short-term foreign and local currency sovereign credit ratings on Kuwait. The outlook …

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