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Friday , November 16 2018


China’s Xi cheers African leaders with $60b development aid pledge – Mugabe hails support; Zuma seeks help to process resources

JOHANNESBURG, Dec 4, (RTRS): Chinese President Xi Jinping told African leaders on Friday his country would pump $60 billion into development projects, cancel some debt and boost agriculture under a three-year plan that will extend Beijing’s influence in the continent. Xi also said China would not interfere in African countries’ …

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KSE market indices steady throughout week –

The KSE price index closed at 5,788.74 down 5.90 points as all the indices closed in negative. The KSX-15 closed at 939.12 down 4.44 points; while the Islamic Index MUDX fell by 0.14 percent to close at 577.63 during the week. The market sentiments have been negative as we witness …

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Russian import ban on fruits & veg may cut Turkey’s inflation – Traders see some impact of Russia sanctions

ISTANBUL, Dec 4, (RTRS): Russia’s import ban on Turkish fresh fruit and vegetables is likely to leave Turkey with a supply glut that could push down prices and, economists say, shave half a percentage point off the inflation rate. Moscow has approved a raft of sanctions in retaliation for Turkey’s …

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Khaled Al-Sabah attends CWC world LNG summit – Kuwait’s LNG imports to rise around 17 percent in 2015: KPC

ROME, Dec 4, (RTRS): Kuwait liquefied natural gas (LNG) imports are on track to rise around 17 percent to 3 million tonnes in 2015, boosted by the fuel’s increased competitiveness with gas oil, an executive from Kuwait Petroleum Corporation (KPC) said on Friday. The Gulf Arab state imported around 2.5 …

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Experts hold seminar on UK housing market, tax laws at KPMG Kuwait – British house price growth pegged at 22.8%, rental growth seen at 19.9% from 2016-2020

KUWAIT CITY, Dec 2: KPMG Safi Al-Mutawa & Partners and KPMG Advisory WLL, hosted a seminar delivered by JLL-UK , the professional services and investment management company, providing valuable insight into the UK property market and updates on its tax laws. Safi Al Mutawa, the Senior Partner of KPMG Safi …

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AUB hosts real estate investment seminar – New fund capitalizing on opportunities in London launched

KUWAIT CITY, Dec 2: Ahli United Bank hosted a seminar on the latest developments in London real estate market for its Private Banking clients at the Ritz Carlton Bahrain. First speaker of the seminar was Piers Master, Tax Partner with the international law firm Charles Russell Speechlys, who spoke on …

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Kuwait could adjust fiscal status to face oil price fall: IMF – Real non-oil GDP growth projected to slow in 2015 and 2016

KUWAIT, Dec 2, (KUNA): The State of Kuwait could adjust its fiscal status in response to the recent decline in oil prices and revenues through applying a sizable investment spending policy, the International Monetary Fund (IMF) said Wednesday. “The decline in oil prices has adversely affected Kuwait’s fiscal and current …

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KSE closes 1.23 points higher at 5,804.57 pts – GFH Financial Group witnesses robust activity

KUWAIT CITY, Dec 2: Kuwait stocks trudged 0.02 percent or 1.23 points higher, managing to steer into the green at 5,804.57 points with mixed boards, down by 11.19 percent on a year to date basis. The weighted index stood at 391.69 points, declining 0.38 points. The KSE benchmark stood at …

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Gulf Bank welcomes KU students to ‘Coffee Breaks with Red’

KUWAIT CITY, Dec 1: Gulf Bank concluded its collaboration with Kuwait University’s (KU) College of Business Administration’s Accounting Club (ACC) to launch ‘Coffee Breaks with Red’. The event took place at the university’s Red student lounges for male students at the Shuwaikh campus on Nov 30, 2015 from 12:00 pm …

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KIB supports Engineering & Petroleum students – Move part of Al-Dawli’s CSR program

KUWAIT CITY, Dec 1: As part of the Kuwait International Bank’s leading social responsibility program that aims at supporting the community’s various activities and initiatives, the bank has provided financial support to the students of College of Engineering & Petroleum in Kuwait University who are undertaking their final graduation project,. …

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