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Business

Kuwait bourse ends week on mixed note – Average daily turnover up 15.24 pct

Kuwait Stock Exchange (KSE) ended last week with mixed performance. The Price Index closed at 5,615.12 points, down by 0.09% from the week before closing, …

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Qatar’s real GDP growth slows to 3.8 pct y/y in Q3 – Trade surplus shrinks 54% y/y in November

DOHA, Qatar, Jan 3, (RTRS): Qatar’s Ministry of Development Planning and Statistics released the following preliminary third-quarter gross domestic product data on Sunday, adjusted for …

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Russia halts free-trade deal with Ukraine – Kiev to buy gas from French, British suppliers

MOSCOW, Jan 3, (AFP): President Vladimir Putin on Wednesday signed a decree suspending Russia’s free-trade agreement with Ukraine as of Jan 1. Ukrainian President Petro …

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Housing boom as Mogadishu emerges from ashes of war – Diaspora Somalis return and wealthy businessmen capitalise on relative peace in city

MOGADISHU, Jan 3, (AFP): Somalia’s elegant colonial villas were left in ruins by two decades of street fighting among warlords, and the seaside capital Mogadishu …

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Gulf states begin reforms as oil prices to remain low – Is it not time for Kuwait govt to act?

Last week, Saudi Arabia announced substantial increase in fuel and energy prices within 24 hours. The price of gasoline increased by 66 percent while that …

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Kuwait bourse ends 2015 on weak note

The KSE indices remained muted as we close in to the end of 2015. The markets closed at 5,615.12 down by a mere 4.86 points …

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India notches up one billion mobile phone ‘subscribers’ – Data underscores importance of New Delhi’s fast-growing market

NEW DELHI, Jan 2, (AFP): India notched up its billionth mobile phone subscriber in October, the country’s telecoms regulator said, underscoring the importance of its …

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Oil prices could hit record lows in 2016: BP chief

LONDON, Jan 2, (AFP): Struggling oil producers could suffer even more pain in 2016 with further plunges in already record-low prices, BP Chief Executive Bob …

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Mideast funds more bullish on stock, bearish on bonds – poll – Most positive balance on equities since Feb 2014

DUBAI, Jan 1, (RTRS): Middle East fund managers have become more positive on regional equities with a strong bias towards the United Arab Emirates, and …

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2015 equity market winners and losers – Netflix biggest gainer

NEW YORK, Jan 1, (AP): In a flat year overall for stocks, there was still plenty of excitement to be enjoyed — or endured — …

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