Friday , November 24 2017

Business

Oil weighs on GCC indices; EM inclusion hopes lift KSA – Emerging markets continue to outperform as foreign inflows pick up

Regional equities retreated in 2Q17, continuing to underperform international markets, with the exception of Saudi Arabia. The MSCI GCC ex-Saudi Arabia price index declined 5.2 percent on the quarter, with most regional markets closing in negative territory amid notably lower volumes. Saudi’s performance, however, was boosted late in the quarter, …

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Kuwait index tumbles as regional impasse weighs – NAPESCO dives 149 fils; NBK gains

KUWAIT CITY, July 2: Kuwait stocks swung sharply lower on Sunday as it kicked off the week on sour note. The bourse, after a tame start, tumbled 150.3 points to 6,612.52 points weighed by heavy selling in select counters. The heavyweights however closed mixed. The KSX 15 benchmark climbed 5.03 …

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Boursa indices wind up June in red zone

Boursa Kuwait ended June in the red zone. The Price Index closed at 6,762.82 points, down by 0.33% compared to the closings of the month before, the Weighted Index decreased by 1.27% after closing at 399.33 points, whereas the KSX-15 Index closed at 910.10 points decreasing by 0.62%. Furthermore, last …

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Golden Dalla company congratulates all Canadians – Canada’s 150th birthday

KUWAIT CITY, July 2: Canadians now witness a great and big celebration of their national day, which marks the 150th anniversary of the founding of the Canadian Federation. We Golden Dalla International Company, offer our warmest and most sincere congratulations to the Government and people of Canada on this great …

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Boursa Kuwait indices end on mixed note

Boursa Kuwait ended last week with mixed Performance. The Price Index closed at 6,772.09 points, down by 0.57% from the week before closing, the Weighted Index increased by 0.80% after closing at 402.97 points, whereas the KSX-15 Index closed at 920.21 points up by 2.10%. Furthermore, last week’s average daily …

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Lower oil prices, incomes, more borrowings

This is the reality of the situation in all oil producing countries irrespective of how high or low their oil production rate is. Following the OPEC decision in November 2014 to let oil production cut loose and allow every member to freely produce, the oil prices began to decline, reaching …

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OPEC output at 2017 highs due to Kuwait, Saudi curbs – Nigeria, Libya exempted from cuts

LONDON, July 1, (RTRS): OPEC oil output has risen in June by 280,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, as a further recovery in supply from the two member countries exempt from a production-cutting deal offset strong compliance by their peers. High compliance by …

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Lloyds Bank stops trading in Qatari riyals’ – Qatar CDS hit 16 months high

LONDON, July 1, (RTRS): Britain’s Lloyds Banking Group said on Friday that it has stopped trading Qatari riyals and that the currency is no longer available for sale or buy-back at its high-street banks. A spokeswoman for the bank said a “third-party supplier” that carries out its foreign exchange service …

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New computer virus spreads from Ukraine to disrupt world business – Port terminals operation by Maersk disrupted

FRANKFURT/MOSCOW/KIEV, June 28, (Agencies): A cyber attack wreaked havoc around the globe on Wednesday, crippling thousands of computers, disrupting operations at ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia. The virus is believed to have first taken hold on Tuesday in Ukraine where …

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Kuwait stocks kicks off week on lackluster note – Ooredoo drops 30 fils; KIPCO ticks up

KUWAIT CITY, June 28: Kuwait stocks edged lower on Wednesday as it opened after the Eid-Al-Fitr holidays. The price index fell 3.03 pts in volatile trade to 6,769.06 pts even as the broader sentiment remained lackluster in absence of cues. The KSX 15 benchmark inched 0.05 pts higher to 920.26 …

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