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Business

Al Habtoor meets Austrian trade commissioner to UAE – Bandera hails KAH’s acquisition

DUBAI, March 20: Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group welcomed Richard Bandera, Austrian Trade Commissioner to the UAE at the Austrian Embassy’s Commercial …

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40 pct of energy subsidies for oil products benefit the rich: OAPEC – IMF estimates show volume of energy subsidies amounted to $278.8 bln

KUWAIT CITY, March 20, (KUNA): High income citizens in OAPEC’s member states benefit by a proportion of 40 percent from subsidies for oil products, the …

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Kuwait bourse inches lower in soggy trade – NBK dips 30 fils; KIPCO flat

KUWAIT CITY, March 20: Kuwait stocks inched lower on Sunday after eking modest gains in the previous week. The bourse eased 2.95 points lower in …

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NBK holds AGM, OKs 30 fils cash dividend – 2015 saw remarkable growth for bank: Al Sayer

KUWAIT CITY, March 19: National Bank of Kuwait (NBK) held its annual General Assembly meeting on 19th March at the bank’s headquarters. NBK reported net …

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Al-Dawli wins Commerzbank’s Award for 2015 – A new triumph that proves KIB’s leading position in industry

KUWAIT CITY, March 19: Once again, Kuwait International Bank affirms its leading position in the Islamic banking industry by winning the Commerzbank’s Quality Award for …

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Kuwait bourse closes trading in red during week – Volume decreases by 23.42% to average 152.14 million shares

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,262.07 points, down by 0.43% from the week before …

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Time to act as deficit soars and oil revenues decrease – Kuwait urged to implement reforms

  “IT is time to act because the deficit is increasing due to decreasing oil revenues” — This is the message or rather the warning …

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KSE indices witness losses as crude oil charts mixed course – Market capitalization drops by 1.1 pct to KD 24.96 billion

KUWAIT CITY, March 18: The KSE indices all witnessed losses, however oil has seen a mixed week with oil producers announcing to meet in order …

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Google gives federal plan for self-driving car – US unveils emergency braking deal with automakers

LOS ANGELES, March 18, (Agencies): Google wants Congress to create new federal powers that would let the tech giant receive special, expedited permission to bring …

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Global stocks on best run in two years as dollar steadies – Oil hits 2016 high on output freeze hope

NEW YORK, March 18, (Agencies): World equity markets were poised for a fifth week of gains on Friday, their best run in more than two …

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