Sunday , September 23 2018

Business

Iranian crude – another headache for oil market – Battle for mkt share to continue

While the oil industry is going down, the American shale oil industry is developing. To add to this problem, a big supplier of oil has appeared in the oil market to shake this sector in a huge way. Iran is on the verge of entering the market with an oil …

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Kuwait awards $30bn projects by end of Q3 – New Al-Zour refinery expected to be completed in 45 months

KUWAIT CITY, Oct 24: The total value of projects awarded in Kuwait in 2015 climbed to KD 9 billion ($30 billion) by the end of the third quarter. Kuwait’s project market, which has lagged behind other GCC countries in the past, is second only to Saudi Arabia in terms of …

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Amazon cheap Fire does a lot for $50 – Tablet surprises in many ways

NEW YORK, Oct 24, (AP): The thing to remember about Amazon’s new $50 Fire tablet is that it’s a $50 tablet. It’s not as light or as thin as a tablet that costs five or six times more. The camera isn’t as good, and the screen isn’t as sharp. But …

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Market chalks gains for all three indices

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,780.76 points, up by 0.86% from the week before closing, the Weighted Index increased by 0.68% after closing at 389.81 points, whereas the KSX-15 Index closed at 929.05 points up by 0.60%. Furthermore, last …

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Kuwait’s crude oil exports to China hit record high – Oil minister lauds KPI expansion in Italy, European markets

TOKYO, Oct 23, (KUNA): Kuwait’s crude oil exports to China jumped 49.5 percent in September from a year earlier to record high of 1.75 million tons, equivalent to around 427,000 barrels per day (bpd), latest government data showed. Volume of Kuwaiti crude oil shipments to China marked the highest level …

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Kuwait bourse indices wind up in positive zone on Q3 earnings – Volume rises sharply from last week

KUWAIT CITY, Oct 23: The KSE indices closed in positive as the market witnessed quarterly earnings announce-ments. The KSE Index closed at 5,780.76 up 49.50 points as the index reported gains at the beginning of the week, the first three trading sessions recorded 73.66 points. However, towards the end of …

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Wal-Mart puts the squeeze on suppliers as earnings sag – ‘The ground is shaking here’

NEW YORK, Oct 23, (RTRS): Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores. Now they are bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer. The discount store behemoth …

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Microsoft’s new businesses shine, but PC software still sags

SAN FRANCISCO, Oct 23, (AP): Microsoft may still be suffering from lagging sales of personal computers, but the tech giant has taken some cues from rivals like Apple and Google – and it’s now seeing substantial growth in more promising lines of business ranging from mobile apps and advertising to …

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American Airlines 3Q profit soars on cheaper jet fuel

A big merger and cheaper jet fuel are doing wonders for American Airlines. The world’s biggest airline reported Friday that its net income jumped 80 percent in the third quarter to $1.69 billion despite lower revenue. Earnings got a big lift as fuel costs plunged 43 percent, a savings of …

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BMW Concept M4 GTS: High-performance by all means – 3.0-liter engine boosted by innovative water injection tech

KUWAIT CITY, Oct 21: A year on from the launch of the BMW M4 Coupe, BMW M Division is presenting an initial preview of a high-performance model for use on the road and, above all, on the race track: the BMW Concept M4 GTS. With the BMW M4 GTS’ spectacular …

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