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Business

Al Sayer launches Lexus ‘F’ technology – All-new GS F and RC F unveiled under the F series

KUWAIT CITY, Jan 19: Mohamed Naser Al Sayer Tuesday launched the “F” technology from Lexus powered by innovative engineering, setting new benchmark for the Middle …

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EQUATE issues G4 Sustainability Report – First G4 compliant report

KUWAIT CITY, Jan 19: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, has issued its first Sustainability Report as per the Guideline 4 …

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KSE index rebounds amid bargain buying – Mabanee Co soars 40 fils; Zain flat

KUWAIT CITY, Jan 19: Kuwait stocks staged a modest rebound on Tuesday, stemming the sharp losing streak which knocked over 500 points off the main …

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Oil market may ‘drown’ in oversupply: IEA – Crude price could fall below its current 12-year lows

PARIS, Jan 19, (RTRS): Unseasonably warm weather and rising supply will keep the crude oil market oversupplied until at least late 2016 and could push …

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AAW hosts US Ambassador to Kuwait – Various areas of collaboration discussed

KUWAIT CITY, Jan 18: Chairman and CEO of Ali Abdulwahab Al Mutawa Commercial Co (AAW), Faisal Ali Abdulwahab Al Mutawa, today received US Ambassador to …

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Iran to boost oil output by 500,000 barrels – UAE sees market ‘harm’

DUBAI, Jan 18, (RTRS): Iran has ordered a rise in oil output by 500,000 barrels a day following the lifting of sanctions, official media reported, …

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Kuwait extends losing streak; dips 43.78 pts – NBK gains 10 fils; KIPCO flat

KUWAIT CITY, Jan 18: Kuwait stocks headed south on Monday extending the losing streak to 11th consecutive day. The bourse slid 43.78 pts to 5,054.64 …

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KFH major contributor in Bahrain projects – Strategy targets development, coordination among Group banks: Al-Nafisi

KUWAIT CITY, Jan 18: Vice Chairman at Kuwait Finance House (KFH), Abdulaziz Yaqoub Al-Nafisi stressed the importance of international investment and creating further integration in …

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Kuwait bourse tumbles 167.52 pts amid sell-off – NBK dives 50 fils; Americana flat

KUWAIT CITY, Jan 17: Kuwait stocks went into a downward spiral on  further drop in oil prices following the lifting of Iran sanctions. The price …

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Iran ‘return’ risks more pressure on oil prices – Tehran to boost exports by 500,000 bpd

LONDON, Jan 17, (AFP): Iran’s intention to significantly increase oil output after the lifting of international sanctions risks more pressure on crude prices already at …

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