Sunday , January 21 2018

Business

Kuwait’s July inflation edges higher to 1.26%: official data – Bank lending growth slows in June

KUWAIT CITY, Aug 23, (Agencies): The Consumer Prices Index (CPI) rose by 1.26 percent in July 2017 compared to the same month in 2016, the Central Statistical Bureau (CSB) said on Wednesday. The index figure for July 2017 recorded a decrease of 0.09 percent, compared to June, the CSB added …

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Kuwait bourse winds up in red; volume ‘shrinks’ – Jazeera Airways dips 24 fils; NBK ticks up

KUWAIT CITY, Aug 23: Kuwait stocks sagged on Wednesday snapping the 5-day advance. The price index fell 9.53 pts in volatile trade to 6922.48 points as profit taking dragged select counters. The broader market sentiment however remained skittish in absence of drivers. The KSX 15 benchmark inched 0.67 pts up …

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ABK-Egypt reports healthy H1 net profit – Assets soar 26% to EGP 18.91 bn; deposits up by 27%

KUWAIT CITY, Aug 23: Al-Ahli Bank of Kuwait-Egypt (ABK-Egypt) announced its results for the first half of 2017, posting an after-tax net profit of EGP 161 Million. Assets soared by 26 percent to reach EGP 18.91 Billion, while its loans and credit facilities portfolio expanded by 35 percent, reaching EGP …

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Listed companies post rise in profits in H1 – Weak revenue growth continues to indicate softness in business activity

KUWAIT CITY, Aug 22: Listed Kuwaiti companies saw a notable rise in profits in the first half of 2017; however, weak revenue growth continued to indicate softness in business activity. The financial sector was the main contributor to growth as investment gains, especially earlier in the year, boosted companies’ bottom …

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Kuwait market continues uptrend; volume retreats – CBK climbs 20 fils; Ooredoo flat

KUWAIT CITY, Aug 22: Kuwait stocks headed north on Tuesday as it continued its gaining spree to fifth consecutive session The bourse rose 18.65 pts in volatile session to 6,932.01 points led by some of the banks even as other blue chips closed mixed. The KSX 15 benchmark climbed 4.55 …

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US oil inventories falling more than expected due to OPEC cuts: Kuwait – OPEC oil supply set for sharp drop in August

LONDON, Aug 21, (RTRS): US crude inventories are falling more than expected in a sign of the success of OPEC and non-OPEC production cuts, Kuwait’s Oil Minister Essam Al-Marzouq told CNBC Arabia on Monday. “We are now seeing the impact of those cuts (in the first half of the year) …

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Malabar Gold & Diamonds opens showroom in Pitampura – Group extends its presence by launching 3rd showroom in Delhi-NCR region

KUWAIT CITY, Aug 21: Malabar Gold & Diamonds, one among the world’s leading jewellery retailer and the flagship company of Malabar Group, a leading diversified business house of India is expanding its network in the region with the inauguration of a new world-class showroom in Pitampura, Delhi. The spacious and …

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Kuwait bourse extends gains, volume ticks up – NBK rallies 5 fils; Zain slips

KUWAIT CITY, Aug 21: Kuwait stocks pulled higher on Monday extending its gains to fourth straight session. The price index rose 12.78 points in volatile session to 6,913.36 pts paced by banks and the some of the mid-caps. Other heavy weights however closed mixed. The KSX 15 climbed 8 pts …

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Apple under pressure as market slows – Market leaders seeking wow factor

SAN FRANCISCO, Aug 20, (AFP): As Apple and Samsung gear up to launch new flagship smartphones, the market leaders are seeking a wow factor that can help them fend off challenges from rising Chinese-based manufacturers. Apple is under particular pressure to dazzle as the culture-changing California iPhone maker looks for …

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Investing in New Kuwait: Challenges and opportunities – Euromoney Kuwait Conference to kick off Sept 26

KUWAIT CITY, Aug 20: Our ninth Euromoney Kuwait Conference will be held on Sept 26, 2017, in Kuwait City. Co-hosted by the Ministry of Finance, it will bring together issuers, investors and intermediaries to discuss the diverse opportunities, and challenges, the government’s New Kuwait initative is creating. Our line-up of …

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