Wednesday , January 24 2018

Business

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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Global acquires two retail warehouses in UK – Deal raises total value of managed assets to $400 million

KUWAIT CITY, Sept 10: Acting on behalf of its clients, Global Investment House (Global), a regional Asset Management and Investment Banking firm headquartered in Kuwait with offices in major capital markets in the MENA region, has unconditionally contracted to acquire two institutional grade retail warehouses in the towns of Bury, …

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Kuwait index rebounds in volatile trade; volume up – NBK gains 21 fils; Americana dives

KUWAIT CITY, Sept 10: Kuwait stocks swung higher on Sunday as it opened the week on a buoyant note. The price index climbed 28.9 pts in volatile session to 6,926.32 points paced by strong buying in banking majors . The KSX 15 benchmark jumped 23.76 pts to hit the year’s …

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Euromoney Kuwait Conference 2017 ­— Forging the New Kuwait – Govt determined to set example to region with its package of economic and financial reforms

KUWAIT CITY, Sept 10: The New Kuwait package of economic and financial reform is a bold statement of intent from a government that is determined to set an example to the region. We’ve gathered together senior figures from both government and international and domestic finance to discuss how this plan …

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Kuwait’s long-term strategy: Developing oilfields with Iraq – Govt keen for speedy conclusion of deal

An Amiri decree is on its way to the Kuwaiti Parliament for the approval and implementation of a memorandum of understanding (MoU) signed by the governments of Kuwait and Iraq to develop the four shared oil fields in the southern part of Iraq. These four oil fields are Al-Abedeli and …

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Kuwait’s inflation steadies at 1.3% in July – Multi-year lows

KUWAIT CITY, Sept 9: Inflation in consumer prices was largely steady in July, as inflation in most components came in unchanged from June. At 1.3% year-on-year (y/y), inflation remains at multi-year lows, mainly due to deflationary housing rent and weak food inflation. Revised consumer price index (CPI) statistics last month …

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Al-Roudhan to lure Chinese investments on Beijing visit

Both countries keen to boost bilateral relations KUWAIT CITY, Sept 7, (KUNA): Kuwait’s Minister of Commerce and Industry Khaled Al-Roudhan arrived in Beijing on Wednesday for talks focused on attracting Chinese investments in Kuwait. Al-Roudhan, who doubles as State Youth Minister, is expected to meet CEOs of China’s biggest state-owned …

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Boursa continues positive performance in Aug

Boursa Kuwait ended August in the green zone. The Price Index closed at 6,892.10 points, up by 0.59% compared to the closings of the month before, the Weighted Index increased by 4.18% after closing at 430.57 points, whereas the KSX-15 Index closed at 984.90 points increasing by 4.42%. Furthermore, last …

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Oil price to stay at $50-55: Kuwait – Strategy on track

KUWAIT CITY, Sept 6, (AFP): Kuwaiti Oil Minister Essam al-Marzouk has said he expects oil prices to stay between $50 and $55 a barrel and that the market will rebalance by the end of the year. Marzouk, who heads an oil producers’ committee that monitors compliance to output cuts, told …

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Kuwait bourse treads water in volatile trade – Ooredoo gains 20 fils; Agility slips

KUWAIT CITY, Sept 6: Kuwait stocks trod water on Wednesday after last session’s modest rebound on FTSE inclusion hopes. The price index clipped 2.56 pts in volatile session to settle at 6,918 points even as the broader trend remained mixed. The KSX 15 benchmark edged 1.83 pts higher to 993.91 …

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