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Thursday , April 25 2019

Business

Is Saudi peg on the verge of breaking? – Falling oil prices and strengthening dollar bite

In January this year, the Saudi Arabian Monetary Authority (SAMA) issued a statement saying that the 1986 mandate which pegged the country’s riyal to the …

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Kuwait to let private sector manage airport, ports – Govt under pressure to cut costs and improve efficiency of economy

DUBAI, March 8, (RTRS): Kuwait’s government plans legislation that will let the private sector manage commercial ports and the country’s international airport, with the government …

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Kuwait bourse climbs 19.97 pts; volume dips – Americana soars 100 fils; Zain flat

KUWAIT CITY, March 8: Kuwait stocks pulled higher on Tuesday as it extended its volatile course. The bourse, after a soggy start, climbed 19.97 points …

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Warba Bank sponsors 14th Firefighter’s Festival – Move reinforces bank’s CSR program

KUWAIT CITY, March 7: Since its inception in the Kuwaiti market as an Islamic and fastest growing Bank providing full range of integrated banking and …

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ABK introduces series of new developments to digital channels – Bank continues to implement its ‘Simpler’ banking strategy

KUWAIT CITY, March 7: In line with its commitment to making Banking ‘Simpler’ for its customers, Al Ahli Bank of Kuwait (ABK) recently announced that …

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Oil price forcing producers to freeze output – OPEC to meet in Moscow for new talks

ABU DHABI, March 7, (RTRS): The United Arab Emirates’ energy minister said on Monday that current, low oil prices are forcing many producers to freeze …

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KSE retreats 15.87 pts amid lacklustre trade – Kout Food Group dips 50 fils; KFH gains

KUWAIT CITY, March 7: Kuwait stocks sagged on Monday partly reversing the gains in the previous session. The bourse dropped 15.87 pts in a lackluster …

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KPC inks MoU to develop Pakistani oil wells – MoU to be implemented through KUFPEC

KUWAIT CITY, March 6, (KUNA): The state-run Kuwait Petroleum Corporation (KPC) has signed a memorandum of understanding with the Pakistani Ministry of Petroleum and Natural …

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Zain recognizes distinguished performance of VAS partners – Company holds honoring ceremony and workshop at main headquarters

KUWAIT CITY, March 6: Zain, the leading telecommunications company in Kuwait, recognized the distinguished performance of its Value Added Services partners for the year 2015 …

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Low oil prices put strains on Gulf currency pegs – Region unliklely to abandon policy yet

KUWAIT CITY, March 6, (AFP): Weak oil prices pose a threat to Gulf Arab states’ currency pegs against the dollar, but the energy-rich region is …

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