Sunday , December 16 2018

Business

Inflation rate ticks higher at 3.2% in October

Inflation in consumer prices was just a tick higher in October, rising from 3.1% year-on-year (y/y) in September to 3.2% y/y. Inflation across most components …

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Al Mazaya showcases its projects at Cityscape Kuwait – Company keen to always be present at local and international events.

KUWAIT CITY, Dec 13: Al Mazaya Holding Company has concluded its participation as a Gold Sponsor of the proceedings of the 2nd edition of Cityscape …

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Al Habtoor meets Ethiopian Consul General – Investment opportunities explored

DUBAI, UAE, Dec 13: The Chairman of the Al Habtoor Group, Khalaf Ahmad Al Habtoor, met with a delegation from Ethiopia on Thursday Dec 10, …

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Subsidy cuts on petrol to hurt citizens, expats – Smart ID holders to benefit

KUWAIT CITY, Dec 13: Subsequent to announcement by the Ministry of Finance few days ago, which confirmed that government will first lift subsidy from petrol …

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KSE index ends in red zone to close at 5,633.28 points – Oil and gas sector plunges to 788.5 points

KUWAIT CITY, Dec 13: Kuwait stocks plunged 52.87 points in the red to stand at 5,854.99 points at the start of the week as low …

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Exclusive discounts for Gulf Bank Priority Banking customers at Behbehani Boutique – Special offers to continue until Dec 15

KUWAIT CITY, Dec 12: Gulf Bank invites its Priority Banking customers to enjoy exclusive discounts at Behbehani’s Luxury Boutique in Al Hamra Luxury Centre in …

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EQUATE wins Innovation Tech Award – Project completed in 3 days with over $14 mln savings

Kuwait city, Dec 12: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, received the Innovation Technology Award, an international recognition from the Dow …

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Crude oil price below $40 is not sustainable – Pure Speculation

It is not possible nor practical for oil prices to fall below $40 a barrel. Everybody is predicting that oil prices will decline to as …

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Stocks close in red; market cap down 1.11%

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,686.15 points, down by 1.77% from the week before …

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US retail sales, wholesale inflation rise in November – Producer prices increase 0.3 pct in Nov

WASHINGTON, Dec 11, (Agencies): A gauge of US consumer spending rose solidly in November, suggesting enough momentum in the economy for the Federal Reserve to …

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