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Friday , October 23 2020


‘Crude oil market will balance even without production cuts’ – Algeria proposes 1.1 mln bpd OPEC freeze: Iran

DHAHRAN, Saudi Arabia, Nov 27, (Agencies): Saudi Arabia’s energy minister Khalid al-Falih said on Sunday that he believed the oil market would balance itself in …

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Kuwait posts modest gains; volume shrinks – Zain adds 5 fils; NBK slips

KUWAIT CITY, Nov 27: Kuwait stocks kicked off the week with a modest upswing. The bourse climbed 17.61 points in volatile trade helped by speculative …

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Airbus largest A350 jet carries out its maiden flight – A350-1000 to compete with Boeing’s popular 777

TOULOUSE, France, Nov 26, (RTRS): Europe’s largest twin-engined passenger jet, the Airbus A350-1000, took to the skies for the first time on Thursday, seeking to …

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Bourse ends week mixed as volume slides

Boursa Kuwait ended last week with mixed zone. The Price Index closed at 5,517.38 points, up by 0.10% from the week before closing, the Weighted …

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Outcome of OPEC meet could see prices rise firmly or decline sharply – Hard to predict results of Nov 30 meeting

Next week, the oil organization will be meeting to decide on what to do about the current high production level of more than 33.6 million …

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OPEC will cut oil output but ‘fudge factor’ runs – Market watchers reckon deal may pack less punch than Saudi and partners want

VIENNA, Austria, Nov 25, (RTRS): Oil prices have risen to their highest in nearly a month, as expectations grow among traders and investors that OPEC …

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Saudi Arabia tells OPEC will not attend non-OPEC ‘talks’ – Riyadh seeks consensus within group first

DUBAI/LONDON, Nov 25, (RTRS): Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers …

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Alitalia could axe 2000 jobs in turnaround plan – Airline may ground 20 planes

ABU DHABI/MILAN, Nov 25, (RTRS): Alitalia could cut up to 2,000 jobs as controlling shareholder Etihad Airways pushes for sweeping changes to turn the loss-making …

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Al Habtoor holds talks with Group CEO of DIB – Dubai economic, business climate discussed

DUBAI, UAE, Nov 23: Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group held talks with a delegation from Dubai Islamic Bank at the Al …

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Kuwait equities climb 21 pts; volume shrinks – Ooredoo gains 40 fils; NBK falls

KUWAIT CITY, Nov 23: Kuwait stocks headed north on Wednesday after treading water in the previous session. The price index climbed 21 pts in volatile …

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