Tuesday , January 23 2018

Business

China provides $10 billion credit line to Iran – Funds to finance water, energy and transport projects

TEHRAN, Sept 16, (AFP): A Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks, Iran’s central bank president said Saturday. The contract was signed in Beijing between China’s CITIC investment group and a delegation of Iranian banks led by central bank president Valiollah Seif. The …

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OPEC could hold extraordinary meeting in March: Kuwait – Extension of supply cut pact being discussed among oil producers

KUWAIT CITY, Sept 13, (RTRS): Kuwait’s Oil Minister Essam al-Marzouq said on Wednesday that OPEC could hold an extraordinary meeting in mid-March if oil producers did not reach a decision to extend their supply cut pact when it next meets in November. “In the coming November meeting, we may not …

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Apple unveils $999 iPhone X, new Face ID technology – New Apple Watch that makes calls turn comic book fantasy into reality

CUPERTINO, California, Sept 13, (Agencies): Apple on Tuesday unveiled a number of new phones, including its most expensive one yet, as well as new versions of its Apple Watch and its streaming TV device. Here’s a rundown of the announcements. iPhone X Apple is releasing a super-premium iPhone with a …

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Kuwait market extends gains in ‘volatile’ trade – Humansoft Holding soars 156 fils; NBK slips

KUWAIT CITY, Sept 13: Kuwait stocks pulled higher on Wednesday as it extended the gains to second consecutive session. The main index climbed 18.94 pts in volatile trade to 6,924.92 points paced by speculative buying in select counters . The banks mostly sagged whereas other blue chips closed mixed. The …

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ALAFCO successfully closes syndicated Murabaha facility

Kuwait-based ALAFCO Aviation Lease and Finance Company is pleased to announce that it has successfully closed an agreement for a three-year syndicated Murabaha facility for US$ 300 million. The transaction has been advised by KFH Capital Investment Company with participation from Kuwait based Warba Bank K.S.C.P, Boubyan Bank K.S.C.P, Kuwait …

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Kuwait index slips into red amid profit taking – KFH dips 7 fils; Zain gains

KUWAIT CITY, Sep 12: Kuwait stocks headed south on Tuesday after closing flat in the last session. The main index dipped 21.05 pts in choppy trade to 6,905.98 points as investors locked profits across the sectors. The blue chips however remained mixed. The KSX 15 measure fell 4.54 points to …

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OPEC output falls, sees higher demand – Compliance slips

LONDON, Sept 12, (RTRS): OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices. In a monthly report, the Organization of …

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KAPP taps NBK Capital for Shamal Azzour Al-Oula IPO – First PPP project to debut on Boursa Kuwait in Q1 2018

KUWAIT CITY, Sept 11: The Kuwait Authority for Partnership Projects (KAPP) today announced the appointment of an NBK Capital-led consortium as the advisor and offering manager for the distribution and transfer of shares in Shamal Azzour Al-Oula K.S.C, which are currently held by KAPP, to Kuwaiti citizens. Shamal Azzour Al-Oula …

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Banks need to modify their products, communication channels

KUWAIT CITY, Sept 11: Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre “Markaz”, recently released a report titled ‘Demographics & Kuwait Banking’, analysing the impact of evolving demographics on Kuwait Banking. The report stated that it is always a challenge to link a slow moving big factor like demographics …

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Kuwait market little changed; volume up – Americana vaults 150 fils; Humansoft Holding dips

KUWAIT CITY, Sept 11: Kuwait stocks trod water Monday following last session’s upswing. The price index inched 0.71 points higher to 6,927.03 pts as the market flipped between small gains and losses. Some of the heavyweights however witnessed strong buying interest. The KSX 15 gauge rose 1.95 pts to 1,025.03 …

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