Sunday , November 19 2017

Business

EQUATE continues global sustainability initiatives by planting 300 trees in China – Move to preserve environment

KUWAIT CITY, June 19: EQUATE Petrochemical Company, a global producer of petrochemicals, continued its global sustainability initiatives by planting trees in China as part of ongoing efforts to preserve the environment and giving back to the society in partnership with one of its leading Chinese customers. Representing the Ambassador of …

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Kuwait stocks dip as profit taking kicks in – Americana dives 50 fils; Humansoft gains

KUWAIT CITY, June 19: Kuwait stocks pulled lower on Monday, partly reversing last session’s gains. The price index dropped 22.96 pts in choppy trade to 6,830.13 points weighed by profit taking in select counters even as some heavyweights eked modest gains. The KSX 15 benchmark climbed 7.36 pts to 927.33 …

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Kuwait real estate market sales rise significantly – Investment sector sales doubled last month

Kuwait’s real estate market sales (contracts and power of attorneys) increased significantly during the month of May 2017. Total sales reached its highest levels yet since December 2014, increasing by 150% compared to April 2017, and by 63% compared to May 2016, thereby reaching KD 370 million, The total count …

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Kuwait’s bourse swings higher in volatile trade – NBK rallies 25 fils; Ooredoo ends flat

KUWAIT CITY, June 18: Kuwait stocks swung higher on Sunday as it kicked off the week on a firm note. The main index climbed 42.41 points in volatile trade to 6,853.09 pts helped by strong buying in banking shares and other heavyweights. The KSX 15 benchmark slipped 18.7 pts to …

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OPEC and US shale oil drillers are on collision course – Non-OPEC output will increase by 1.5 mln bpd in 2018: IEA

The oil market is on an unsustainable course with output from US shale and other non-OPEC sources increasing rapidly, while OPEC and its allies trim production to reduce inventories and prop up prices. The International Energy Agency (IEA) projects non-OPEC output will increase by 1.5 million barrels per day (bpd) …

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Cheaper oil depresses most of Gulf – MSCI hopes buoy Saudi bourse

DUBAI, June 18, (RTRS): Most major Gulf stock markets fell on Sunday because of weak oil prices, but hopes that Saudi Arabia will join MSCI’s group of emerging markets, which would trigger billions of dollars of fund inflows, buoyed that market. MSCI will announce late on Tuesday whether it is …

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Alghanim Industries holds Diversity Awareness Session – Finance Management Team participates

KUWAIT CITY, June 17: Alghanim Industries, one of the largest private companies in the region, organized a Diversity Awareness Session for its Finance Management Team on May 22, 2017 held at the Radisson Blu Hotel.  The session, entitled “Passport to the World” was designed to raise awareness and promote the …

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Crude oil in need of miracle – OPEC unable to stem decline

OIL market is in need of a miracle … or is it better to say OPEC is in need of a miracle of increased oil prices before they dive below $40 per barrel? It seems the oil organization is unable to stop the decline. No further action can be taken …

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Kuwait Finance House ‘rolls out’ four innovative banking services – KFH solidifies leadership in banking technology: Al-Obaid

KUWAIT CITY, June 17: Kuwait Finance House (KFH) unveiled the launch of a range of innovative e-services in the fields of bank accounts and call center in efforts to give customers a stellar banking experience as per highest standards of banking technology, quality, accuracy, security and usability. “These solutions allow …

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Kuwait skips rate hike as liquidity lets it be flexible – Kuwaiti economy rises to 3 percent in 2016 — World Bank

DUBAI, June 15, (RTRS): The decision by Kuwait’s central bank not to hike interest rates this week, in contrast to other Gulf states, was due to the rapid improvement of liquidity in its banking system as well as concern about economic growth, analysts said. After the US Federal Reserve raised …

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