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Saturday , August 15 2020


Kuwait envoy lauds decision of non-OPEC states on output cut – Kuwait lowers production in Nov to 2.9 mln; Oman to slashes output

VIENNA, Dec 11, (KUNA and Agencies): Kuwait Ambassador to Austria and Permanent Delegate to the UN Office in Vienna Sadeq Maarafi welcomed the decision of …

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OPEC, non-OPEC agree first oil pact since 2001 – Non-member producers to cut 558,000 bpd, slightly short of target

VIENNA, Dec 10, (RTRS): OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global …

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Qatar’s investment in Russia – Deal to boost Kremlin economy

Last week, Qatar purchased 19.5 percent shares of Roseneft at a price of 10.5 billion euros, but it is only going to pay 300,000 million …

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Malabar Gold & Diamonds’ opens two showrooms in Kuwait – New outlets strengthen Group’s presence in region

KUWAIT CITY, Dec 10: Malabar Gold & Diamonds’ the leading jewellery retailer across the globe launched its 159th and 160th showrooms on the same day …

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Investors should have more confidence in ME start-ups – Raising funds in the Middle East remains a challenge: ICAEW roundtable

DUBAI, Dec 9: Raising funds in the Middle East remains challenging despite the great start-up ideas and the myriad opportunities that the region has to …

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Saudis order crude ‘cuts’ to US, Europe ahead of non-OPEC talks – Russia signals deal still faces challenges

SINGAPORE/TOKYO/DUBAI, Dec 9, (RTRS): Saudi Arabia has told its US and European customers it will reduce oil deliveries from January as Russia signalled that a …

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Iran signs oil, gas ‘deals’ with Shell – Tehran seeks to boost its output

TEHRAN, Dec 7, (AFP): Iran signed a preliminary agreement with Shell on Wednesday to work towards developing major oil and gas fields as it seeks …

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Assets grew 7% to $2 trillion at end of 2015 –

Thomson Reuters, the world’s leading provider of intelligent information for businesses and professionals, and the Islamic Corporation for the Development of the Private Sector (ICD), …

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Kuwait gains; volume hits multi-month high – Ooredoo rises 20 fils; Mabanee Co drops

KUWAIT CITY, Dec 7: Kuwait stocks pulled higher on Wednesday to close the holiday-curtailed week on a firm note. The bourse climbed 24.43 points in …

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Heavy oil production to start in 2018: KOC – Restart of Neutral Zone oilfields will take some time: Jaafar

KUWAIT CITY, Dec 6, (Agencies): Heavy oil production will begin in the end of the year 2018 with roughly 10 to 15 thousand barrels per …

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