Saturday , February 23 2019

Business

Iran to buy 114 Airbuses to revamp fleet – First major deal after lifting of sanctions

TEHRAN, Jan 24, (AFP): Iran said Sunday it will buy 114 Airbus planes to revitalise its ageing fleet, in the first major commercial deal announced …

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KSE index rebounds amid bargain buying NBK jumps 20 fils; KIPCO flat

KUWAIT CITY, Jan 24: Kuwait headed north amid bargain buying on Sunday following sharp losses during last week. The bourse closed 28.62 pts higher at …

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VIVA records KD 43 mln net profi t in 2015 – Total revenues reach KD 277 mln, a strong growth of 16% compared to 2014: CEO

KUWAIT CITY, Jan 24: VIVA, Kuwait’s fastestgrowing and most developed telecom operator, announced its financial results at the end of the 2015, with net profits …

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Boubyan Bank logs KD 35.2 mln profit in 2015 – EPS clocks 17.09 fils; board recommends distribution of 5% of cash dividends, 5% in bonus shares

KUWAIT CITY, Jan 23: Boubyan Bank profits continues to grow in 2015 achieving  a growth rate of 25%. The bank’s net profits amounted to KD …

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Kuwait crude oil industry should start cost cutting – Hard times yet to come; KPC must act

After our Amir initiated the cost cutting process in the Amiri Diwan and instructed the government to follow suit, it is time for our Kuwaiti …

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Kuwait indices hit significant low levels – Market cap loses around KD 1.56 bn during week

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 4,946.33 points, down by 6.07% from the week before …

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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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