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Thursday , November 21 2019

Business

Year-end results dismal for global oil companies – Firms cutting investments, jobs

Certainly, the financial results of all oil industries are very poor irrespective of whether it is an international oil company or the biggest oil producer …

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Iran oil sales to Europe above 300,000 bpd after ‘sanctions’ – Glencore loading Iranian fuel oil directly from Bandar Mahshahr

DUBAI, Feb 6, (RTRS): Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran’s crude oil sales to Europe after the lifting of international sanctions …

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Kuwait bourse ends in green; volume soars

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,198.37 points, up by 3.75% from the week before …

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Crude oil prices wobble in another choppy week – Supply glut concerns, flagging dollar weigh

LONDON, Feb 6, (AFP): The global oil market has faced another choppy week as dealers tracked supply glut concerns, the flagging dollar and the poor …

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KSE price index up 3.75 percent – Upbeat trend witnessed during the week amid positive earnings

KUWAIT CITY, Feb 5: The KSE indices all continued to witness a positive trend, after a long interval of negative closings, amid many counters reporting …

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Saudi riyal devaluation would carry major political risk – Depegging could immediately raise the price of goods, hit living standards

RIYADH, Feb 5, (RTRS): A devaluation of Saudi Arabia’s currency could cause such political instability that Riyadh has little choice but to stick to its …

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WB sees Kuwait GDP growth of 2.5% in ’16, 2.7% in ’17 – Oil, war stunt region

WASHINGTON, Feb 5, (Agencies): The World Bank in a report published Thursday, forecast Kuwait’s GDP growth at 2.5 percent in 2016 and 2.7 percent in …

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Obama floats $10 a barrel tax on oil

WASHINGTON, Feb 5, (AFP): US President Barack Obama on Thursday proposed a controversial $10-a-barrel tax on oil firms to pay for much needed infrastructure improvements. …

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Hike in oil prices irrelevant to reform process – 2015 ended with negative results for 3 main indexes of KSE

The  draft  budget  for  the  fiscal  year 2016/2017 The draft budget for FY 2016/2017 contains explicit regression from the financial reform efforts, or a blatant …

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GOIC organises IMI Plus workshop – Portal provides date on 16,000 Gulf factories

DOHA, Feb 4: The Gulf Organization for Industrial Consulting (GOIC) organised a workshop on the Industrial Market Intelligence Portal (IMI Plus) in collaboration with Qatar …

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