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Thursday , August 13 2020


Cheap oil slamming stocks – Good for consumers

NEW YORK, Jan 21, (AP): Wall Street is drowning in oil. Stocks are having their worst start to a year in history in part because …

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Red tape and political risks could stall investment in Iran – Threat sanctions could ‘snap back’ looms large

DUBAI, Jan 20, (RTRS): A multitude of business regulations – 182,000 by one minister’s count – stands in the way of a rapid flow of …

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KSE index tumbles below 5,000 pts mark – NBK drops 30 fils; Zain flat

KUWAIT CITY, Jan 20: Kuwait stocks fell sharply on Wednesday to end below 5,000 pts mark amid fresh sell-offs triggered by further decline in oil …

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UAE halts foreign banks waivers on state-linked lending – Many regional Gulf and Asian lenders to be significantly impacted 

DUBAI, Jan 20, (RYTRS): The United Arab Emirates (UAE) central bank has removed waivers given to foreign banks allowing them to use their group’s capital …

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US firms moving operations out of China – Companies cite worsening conditions

BEIJING, Jan 20, (AFP): One out of four US companies active in China has moved some operations out of the country or is planning to, …

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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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