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Business

Saudi economic shake-up shows it is planning for cheap oil prices – Aramco chairman says country can wait out rivals

DUBAI, Dec 29, (RTRS): Saudi Arabia’s planned cuts in spending and energy subsidies signal that the world’s largest crude exporter is bracing for a prolonged …

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Kuwait crude to hit $27 in Feb: analyst – Rise in Iran oil cited

KUWAIT CITY, Dec 29, (KUNA): A Kuwaiti oil analyst has forecasted the price of Kuwaiti oil barrel would drop to USD 27 per barrel next …

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KSE index declines 44.6 pts; volume up – KFH drops 10 fils; Zain gains

KUWAIT CITY, Dec 29: Kuwait stocks veered south on Tuesday as it extended the losses to third consecutive session. The bourse, after a tame start, …

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Saudi posts record deficit, cuts fuel subsidies – Govt to adjust water, electricity, fuel prices over 5 years

RIYADH, Dec 28, (AFP): Saudi Arabia announced a record budget deficit and cuts to fuel and utility subsidies on Monday as the oil powerhouse suffers …

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BMW ConnectedDrive redefines sheer driving pleasure – Cutting edge technology offers market-leading benefits and privileges

KUWAIT CITY, Dec 28: BMW group continues to present customers with unmatched, market-leading benefits and privileges of owning a new BMW vehicle equipped with the …

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GHC strengthens senior management team – Al Memar appointed as Chief Development Officer

KUWAIT CITY, Dec 28: Gulf Holding Company (GHC), the Kuwait-based regional real estate company today announced that it is further strengthening its senior management team …

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Kuwait bourse sheds 18.75 pts, volume flat –  Americana gains 20 fils; VIVA falls

KUWAIT CITY, Dec 28: Kuwait stocks pulled lower on Monday as it continued to see saw in a narrow range. The key gauge slipped 18.75 …

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Zain Kuwait tests region’s first 4.5G mobile broadband technology – Operator teams up with Huawei to bring greater speed, innovative services to Kuwait

KUWAIT CITY, Dec 27: Zain, the leading telecommunications company in Kuwait, announced the successful testing of the Middle East’s first 4.5G mobile broadband technology on …

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KSE advances 27.18 pts in ‘lackluster’ trading – Zain adds 5 fils; KFH drops

KUWAIT CITY, Dec 27: Kuwait stocks swung higher on Sunday following the drop in the last session. The price index rose 27.18 pts in lackluster …

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EY hosts seminar on regulatory changes – Focus on ‘Family Owned Businesses’

KUWAIT CITY, Dec 27: EY hosted a seminar on the ‘Family Owned Businesses and recent developments affecting Kuwait based enterprises at the JW Marriott Hotel, …

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