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Business

Kuwait’s sovereign ratings affirmed by CI – Outlook remains stable

KUWAIT CITY, Jan 31: Capital Intelligence (CI) today announced that it has affirmed Kuwait’s Long-Term Foreign Currency and Local Currency Ratings of ‘AA-’, and its …

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Al Mulla Exchange opens its 67th branch in Kuwait

KUWAIT CITY, Jan 31: Al Mulla Exchange, Kuwait’s leading exchange company, opened its 67th branch in Kuwait on 27th January 2016, adding to its wide …

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Kuwait bourse ends January in red zone – Average turnover jumps 28.34 pct from last month

KUWAIT CITY, Jan 31: Kuwait Stock Exchange (KSE) ended January in the red zone. The Price Index closed at 5,114.52 points, down by 8.92% compared …

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CBK records net profit of KD 46.2mn for 2015 – Board recommends 13% cash dividend, 6% bonus shares

KUWAIT CITY, Jan 30: Commercial Bank of Kuwait announced an operating profit of KD 99 million (before provisions and taxes) for the year 2015. The …

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As prices hit rock-bottom, time for producers to talk – Oil may reach $40 on output cuts

Every oil producer is hurt without exception, as the oil prices have hit rock-bottom. It is time to discuss about allotting at least the lowest …

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Yields rise; sovereigns boost issuance

GCC debt yields were volatile in 2015 but finally moved higher in the second half of the year. Rising US rates and further declines in …

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Kuwait indices gain, end losing streak – Market cap increases by 3.94%; volume soars 15.94%

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,010.39 points, up by 1.30% from the week before …

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Crude prices to average just over $40 in 2016 – $42.5 a barrel

LONDON, Jan 29, (RTRS): Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx …

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KSE indices gain amid upbeat earnings – Market cap rises by 4.4 pct to KD 23.63 billion

KUWAIT CITY, Jan 29: The KSE indices all witnessed a close in positive, after a long interval of a negative closings, amid many counters reporting …

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Iran pushes OPEC oil output to new high – 290,000 bpd rise in Jan

LONDON, Jan 29, (RTRS): OPEC oil production has jumped to its highest in recent history in January as Iran increased sales following the lifting of …

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