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Wednesday , November 21 2018

Business

Saudi plans to pump up to 11mn bpd of oil in July

Highest in its history DUBAI, June 27, (RTRS): Saudi Arabia plans to pump up to 11 million barrels of oil per day (bpd) in July, the highest in its history, up from about 10.8 million bpd in June, an industry source familiar with Saudi oil production plans told Reuters on …

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US call to halt Iran oil imports does not bind Turkey: minister

ANKARA, June 27, (RTRS): Turkey does not consider itself bound by the United States’ push to stop Iran exporting oil from November and will work to ensure that its “brother country” is not hurt by the US move, Economy Minister Nihat Zeybekci said on Wednesday. The US State Department on …

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A wide range of investment plans to KFH customers

Investment solutions with enhanced features KUWAIT CITY, June 26: Kuwait Finance House (KFH) rolls out a wide range of long-term investment plans specifically designed to fulfil all customers’ needs and meet their aspirations, yet reinforce the culture of planning for the future and reiterate the Bank’s pioneering position in offering …

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SCZONE, Agility sign deal for logistics hub

‘East Port Said project in line with Egypt Vision 2030’ KUWAIT CITY, June 26, (KUNA): Suez Canal Economic Zone (SCZONE) and Agility company, a leading global logistics provider, signed a Protocol of Cooperation on Tuesday to establish a logistics center in East Port Said. The protocol was signed by Chairman …

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Kuwait’s stocks extend gains to 3rd day in row

KFH advances 10 fils; Humansoft dips 80 fils KUWAIT CITY, June 26: Kuwait stocks pulled higher on Tuesday, extending winning streak to a third consecutive day. The All Share index jumped 38.52 points to 4,905.59 points. The Premier Market index surged 55.33 points to 4,921.54 points while the Main Market …

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Kuwait hits multi-week highs as volume swells

Boubyan Petrochemicals soars 41 fils; KFH up 1.52% KUWAIT CITY, June 25: Kuwait stocks jumped to multi-week highs on Monday, buoyed by gains in telecoms and banks. The All Share index advanced 42.99 points to 4,867.07 points. The Premier Market index climbed 53.58 points to 4,866.21 points while the Main …

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Dubai hits lowest level since Jan 2016 on DSI

Saudi loses momentum DUBAI, June 25, (RTRS): Dubai stocks slumped on Monday to its lowest since January 2016, led by losses in contractor Drake & Scull, while Saudi stocks slipped after gains ahead of index compiler MSCI’s move to lift Riyadh to its emerging markets benchmark. Drake & Scull shares …

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Kuwait to raise oil output after OPEC deal: Al-Rashidi

‘Deal positive’ VIENNA, June 24, (KUNA): Kuwait will increase oil output in line with a recent OPEC agreement to open taps for one million barrels per day (bpd), a deal that will have “positive” impacts on markets, Oil Minister Bakheet Al-Rashidi said Saturday. He was speaking to KUNA after a …

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Etihad to loan pilots to Emirates

Move marks rare cooperation between UAE state-owned carriers DUBAI, UAE, June 24, (AP): Long-haul airline Etihad Airways will loan pilots to competing Dubai-based carrier Emirates under a new program, officials acknowledged Sunday, marking a rare cooperation between the two state-owned carriers who operate only 115 kilometers (70 miles) apart. There’s …

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1st modules arrive for KIPIC Al-Zour project

New complex expected to be one of the largest refineries IRVING/TEXAS/KUWAIT CITY, June 23: Fluor Corporation (NYSE: FLR) announced today that the first modules for the Kuwait Integrated Petroleum Industries Company (KIPIC) Al-Zour project have arrived in Kuwait. Fluor is working with its joint venture partners to deliver two engineering, …

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