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Business

Oil demand seen easing to 1.2m bpd in 2017

On our estimates, global oil demand will end up increasing by about 3.0mn b/d between 2014 and 2016, well above the recent historical averages. Interestingly, …

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Oil prices below $50 per barrel – pure speculation – Supply high but demand still weak

Oil prices will not improve or go above $50 per barrel if the basic fundamentals remain the same. Supply is high but demand is weak. …

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Oil prices edge ‘higher’ but market remains weak – OPEC giants downplay output limits

NEW YORK, Aug 27, (AFP): Oil prices edged higher Friday but the market remained weak as OPEC’s key producers cast doubt on the possibility of …

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Bourse ends in red for 2nd straight week

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,428.91 points, down by 0.79% from the week before …

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ANA cancels flights

Japanese airline All Nippon Airways has started grounding Boeing 787 “Dreamliner” flights after detecting problems with their Rolls-Royce engines. Nine domestic flights were canceled Friday, …

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Google Fiber ‘told’ to lay off half of its employees – Co eyes wireless technology

LOS ANGELES, Aug 26, (RTRS): Google’s internet access project may be getting too expensive for parent company Alphabet: Google Fiber is being told to reduce …

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Kuwait’s inflation increases to 3.06 pct in July: data – Housing services jumps 7.33%, food and beverages up 0.46%

KUWAIT CITY, Aug 24, (KUNA): Inflation in consumer prices in the State of Kuwait rose to 3.06 percent in July, compared to the same month …

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Kuwait bourse edges lower; volume tapers – Ooredoo jumps 20 fils; Burgan Bank slips

KUWAIT CITY, Aug 24: Kuwait stocks pulled back on Wednesday after edging higher in the last session. The bourse dropped 13.33 pts in lackluster trade …

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KFAED signs $138m deal with Bahrain

The Kuwait Fund for Arab Economic Development (KFAED) signed Tuesday a $138 million agreement with the Bahraini government to fund development projects in the GCC …

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Kuwait index ticks up after four-day decline – Commercial Bank dips 25 fils; Zain gains

KUWAIT CITY, Aug 23: Kuwait stocks nudged higher on Tuesday stemming the four-day retreat. The key index rose 5.66 pts in listless trading to 5,448.86 …

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