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Business

Scandal-hit VW turns its sights to electric cars – US authorities extend deadline in ‘dieselgate’ scandal

FRANKFURT, June 16, (AFP): Embattled auto giant Volkswagen unveiled Thursday plans to launch more than 30 all-electric models by 2025 as it seeks to reposition …

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ECB to launch new 50-euro banknote next year

The European Central Bank said Thursday it plans to issue a new 50-euro banknote early next year, as it gradually replaces all of its different …

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Kuwait bourse swings lower as crude retreats – Tamdeen Investment Co sheds 50 fils; KIPCO flat

KUWAIT CITY, June 15: Kuwait stocks swung lower on Wednesday after treading water in the day before. The bourse dropped 21.78 pts to 5,390.36 points …

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Oil fundamentals remain volatile during May

Oil market fundamentals remained volatile during May-16 and at the start of June-16 resulting in a positive march in oil price that has now reached …

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Fitch reaffirms KIB’s ‘A+’ ratings – Outlook stable

KUWAIT CITY, June 15: Fitch Ratings reaffirmed Kuwait International Bank’s Long Term Issuer Default Rating “A+”, Short Term Issuer Default Rating “F1” and Viability Rating …

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At $50 a barrel, crude oil risks ‘reverse Goldilocks’ syndrome – US producers show signs of ramping up

LONDON, June 15, (RTRS): Oil’s battle to reclaim $50 a barrel may have left it in a sticky situation, where the price is too low …

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AUB implements new electronic cheque clearing system – Move in line with Central Bank of Kuwait’s latest regulations

KUWAIT CITY, June 14: Ahli United Bank (AUB) announced today that it will soon stop receiving and processing cheques in Kuwaiti Dinars that are not …

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India’s Mallya says being deemed ‘guilty without trial’ – ‘Heavily biased’ investigation

NEW DELHI, June 14, (AFP): Indebted tycoon Vijay Mallya accused Indian government agencies of deeming him “guilty without trial” and lambasted the country’s financial crime …

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Kuwait bourse treads water; volume recedes – KFH slips 5 fils; Jazeera Airways flat

KUWAIT CITY, June 14: Kuwait stocks trod water on Tuesday as sentiment turned brittle amid slight retreat in oil prices. The price index inched 0.17 …

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Burgan Bank says adopts new KECCS

KUWAIT CITY, June 13: Burgan Bank would like to draw the attention of its client that in the near future the bank will no longer …

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