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Business

Gulf Bank named as ‘Best Cash Management Provider in Kuwait’ – Recognition by ‘Global Finance’

KUWAIT CITY, Feb 14: Gulf Bank is pleased to announce it has been named ‘Best Cash Management Provider in Kuwait’ by Global Finance magazine. This …

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Kuwait stocks tread water; volume soars – Mabanee Co sheds 30 fils; KFH flat

KUWAIT CITY, Feb 14: Kuwait stocks trod water on Sunday after posting losses during the previous week. The bourse inched 0.51 pts lower to 5,131.05 …

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OPEC ‘increasingly keen’ to end oil glut – ‘Growing consensus’

ABUJA, Feb 14, (RTRS): The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a …

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Kuwait bourse closes week in red zone – Market loses about KD 1.94 billion since beginning of 2016

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,131.56 points, down by 1.29% from the week before …

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KPRC: The new oil and petrochemical company – New venture now seeking investors

The board of Kuwait Petroleum Corporation (KPC) recently approved the formation of a new company under the name ‘Kuwait Petrochemical Refining Company’ (KPRC) which will …

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S&P affirms Kuwait ratings at ‘AA/A-1+’ – Outlook stable

LONDON, Feb 13: Standard & Poor’s Ratings Services affirmed its ‘AA/A-1+’ long- and short-term foreign and local currency sovereign credit ratings on Kuwait. The outlook …

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Oil prices recover sharply after a ‘turbulent’ week – UAE offers talks on output cuts: report

NEW YORK, Feb 13, (AFP): Oil prices soared Friday, with US crude rebounding from a 2003 low, on reports that OPEC was willing to organize …

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KSE indices close in negative – Sentiment roiled by sliding global equities, drop in oil prices

KUWAIT CITY, Feb 12: The KSE indices all witnessed a close in negative amid worries of sliding global equities and decline in oil price. Equities …

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India inflation notches up to 5.7% in Jan – RBI chief says lenders need ‘deep surgery’

NEW DELHI, Feb 12, (AFP): India’s consumer price inflation quickened slightly to 5.7 percent in January, official data showed Friday, presenting a potential headache for …

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Kuwaiti oil down 80 cents

The price of Kuwaiti oil went down 80 cents Thursday to settle at $22.70 per barrel after being at $23.50 the day before, said Kuwait …

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