Thursday , September 20 2018

Business

Egypt to search for ‘oil’ in Iraq

CAIRO, Sept 30, (RTRS): Egypt will search for oil outside its own borders for the first time after signing an agreement with Kuwait Energy for part of a concession in Iraq, its oil minister said on Wednesday. Kuwait Energy will give up 10 percent of a concession in Basra, southern …

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EU-Kuwait trade during Jan-June mixed

Trade exchanges between the European Union and Kuwait in the first six months of 2015 show an up and down trend. Figures received by the Kuwait News Agency from the EU’s statistical office, Eurostat, Wednesday showed that EU imports from Kuwait in January amounted to 296.685 million euro and EU …

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OPEC crude oil output rises in September, led by Iraq – survey ; Saudi production stays flat, near June record

LONDON, Sept 30, (RTRS): OPEC oil output has risen in September from the month before, a Reuters survey found on Wednesday, as Iraq’s northern exports recovered from disruption that had halted supply growth from the group’s second-largest producer. Saudi Arabia and other Gulf members of the Organization of the Petroleum Exporting …

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KSE winds up month with 25.24 pts slide – Americana dives 60 fils; Zain slips

KUWAIT CITY, Sept 30: Kuwait stocks headed further south on Wednesday to wind up the month on a gloomy note. The price index dipped 25.24 pts to 5,725.96 points weighed by selling in select mid and small caps. Some of the banks extended the gains while other heavyweights remained subdued. …

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Zain Group Hosts Inaugural B2B Forum In Bahrain

MANAMA/KUWAIT CITY, Sept 29: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces the successful conclusion of a two-day B2B (Business to Business)-Enterprise Forum held in Bahrain earlier this month. The event, which drew senior executives from all of Zain Group’s operating …

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Dwaliya Posts Impressive 92% Sales Growth

KUWAIT CITY, Sept 29: Dwaliya, a leading car technical inspection provider, has announced that the company posted a remarkable 92 percent sales growth from July 2014 to date. The Company serviced more than 17,950 cars during this period which contributed to this growth. The company also announced that it has …

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KPC Expected To Cut Spot ‘Gasoil’ Exports

KUWAIT CITY, Sept 29, (RTRS): Kuwait Petroleum Corp is expected to reduce spot exports of high sulphur gasoil for at least the next few months while its officials decide if a fire-hit secondary unit at its Shuaiba refinery will be repaired, industry sources said on Monday. A fire hit a …

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Kuwait Bourse Slips As Sentiment Soggy

KUWAIT CITY, Sept 29: Kuwait stocks sagged Tuesday reversing the marginal gains in the last session. The price index retreated 13.1 points to 5751.2 points as sentiment turned soggy. Most of the banks shone while other heavyweights closed mixed. The KSX 15 benchmark climbed 11.28 pts to 939.8 points trimming …

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Kuwait ‘August’ Inflation At 3.8%

KUWAIT CITY, Sept 29, (RTRS): Kuwait’s statistics office reported the following August consumer price data on Tuesday, showing inflation at its highest since at least April 2012, when the current data series began. Kuwait Consumer Inflation 08/15 07/15 08/14 pct change month/month 0.3 0.1 0.1 pct change year/year 3.8 3.6 …

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‘Finance’ panel set to meet next week to draft law on business tax – MoSAL expected to close 2 violating wedding halls

KUWAIT CITY, Sept 28: A committee formed by the Finance Ministry will start meeting next week to draft a law on business tax, reports Al-Seyassah daily quoting sources. Sources revealed the committee will refer its report to the office of the finance minister to issue the law before the year …

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