Wednesday , January 23 2019

Business

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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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Cheap oil slamming stocks – Good for consumers

NEW YORK, Jan 21, (AP): Wall Street is drowning in oil. Stocks are having their worst start to a year in history in part because …

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Red tape and political risks could stall investment in Iran – Threat sanctions could ‘snap back’ looms large

DUBAI, Jan 20, (RTRS): A multitude of business regulations – 182,000 by one minister’s count – stands in the way of a rapid flow of …

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