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Business

Yields rise; sovereigns boost issuance

GCC debt yields were volatile in 2015 but finally moved higher in the second half of the year. Rising US rates and further declines in …

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Kuwait indices gain, end losing streak – Market cap increases by 3.94%; volume soars 15.94%

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,010.39 points, up by 1.30% from the week before …

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Crude prices to average just over $40 in 2016 – $42.5 a barrel

LONDON, Jan 29, (RTRS): Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx …

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KSE indices gain amid upbeat earnings – Market cap rises by 4.4 pct to KD 23.63 billion

KUWAIT CITY, Jan 29: The KSE indices all witnessed a close in positive, after a long interval of a negative closings, amid many counters reporting …

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Iran pushes OPEC oil output to new high – 290,000 bpd rise in Jan

LONDON, Jan 29, (RTRS): OPEC oil production has jumped to its highest in recent history in January as Iran increased sales following the lifting of …

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How Saudi ‘defended’ its US crude mkt share – 1.2m bpd since 2009

John Kemp is a Reuters market analyst. The views expressed are his own.                        — Editor By John Kemp LONDON, Jan 29, (RTRS): Saudi Arabia has …

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Gulf Bank net profit rises 10% in 2015 – Bank’s total assets reach KD 5,438 million; 4 fils per share cash dividend recommended

KUWAIT CITY, Jan 28: Gulf Bank today announced an operating profit before provisions of KD 108 million for the year ended, 31 December 2015, and …

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KFH posts KD 145.8 mln net profit for 2015 – Board recommends 17% cash dividends 10% bonus shares, 31.1 fils EPS

KUWAIT CITY, Jan 28: Kuwait Finance House (KFH) Chair-man, Hamad Abdulmohsen Al-Marzouq said that KFH, by the Grace of Allah and His Blessings, has posted …

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Apple image bruised by slowing sales – Fears that ‘wow’ days over

SAN FRANCISCO, Jan 28, (AFP): Apple’s image took a bruising Wednesday amid signs of a shift from wowing the world with wonders to making steady …

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KSE extends rebound, closes above 5,000 pts – NBK rallies 20 fils; Ooredoo flat

KUWAIT CITY, Jan 28: Kuwait stocks swung above the 5,000 pts mark on Thursday to end week on a positive note as oil prices edged …

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