Tuesday , December 12 2017

Business

Alghanim Industries holds Diversity Awareness Session – Finance Management Team participates

KUWAIT CITY, June 17: Alghanim Industries, one of the largest private companies in the region, organized a Diversity Awareness Session for its Finance Management Team on May 22, 2017 held at the Radisson Blu Hotel.  The session, entitled “Passport to the World” was designed to raise awareness and promote the …

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Crude oil in need of miracle – OPEC unable to stem decline

OIL market is in need of a miracle … or is it better to say OPEC is in need of a miracle of increased oil prices before they dive below $40 per barrel? It seems the oil organization is unable to stop the decline. No further action can be taken …

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Kuwait Finance House ‘rolls out’ four innovative banking services – KFH solidifies leadership in banking technology: Al-Obaid

KUWAIT CITY, June 17: Kuwait Finance House (KFH) unveiled the launch of a range of innovative e-services in the fields of bank accounts and call center in efforts to give customers a stellar banking experience as per highest standards of banking technology, quality, accuracy, security and usability. “These solutions allow …

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Kuwait skips rate hike as liquidity lets it be flexible – Kuwaiti economy rises to 3 percent in 2016 — World Bank

DUBAI, June 15, (RTRS): The decision by Kuwait’s central bank not to hike interest rates this week, in contrast to other Gulf states, was due to the rapid improvement of liquidity in its banking system as well as concern about economic growth, analysts said. After the US Federal Reserve raised …

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Kuwait index winds up week on positive note – Americana jumps 40 fils; Ooredoo dips

KUWAIT CITY, June 15: Kuwait stocks pulled higher on Thursday to wind up the week on a robust note. The price index rallied 31.24 points in volatile trade to 6,810.68 points helped by renewed buying in select counters. The heavyweights however closed mixed. The KSX 15 benchmark rose 2.81 points …

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Qatari businesses find new suppliers – Gulf boycott a blessing for some local firms

DOHA, June 15, (RTRS): The sanctions imposed by Saudi Arabia and other Arab states on Qatar have been a blessing for Mohammed Kuwari and his al-Rawa brand of yoghurt. With competing Saudi products off the shelves, his business is booming. “Our sales doubled! There’s lots of production as you can …

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Energy market seen as vulnerable to prolonged Gulf diplomatic crisis – Disruption to Qatar’s gas supplies could send prices soaring, analysts say

KUWAIT CITY, June 14, (AFP): While the Gulf’s bitter diplomatic crisis is unlikely to affect energy prices in the short term, a prolonged rift that disrupts Qatar’s gas supplies could send prices soaring, analysts say. With rising US shale oil output driving a global supply glut, the decision by Saudi …

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Kuwait index winds up in green; volume soars – Burgan Bank gains 10 fils; Americana dips

KUWAIT CITY, June 14: Kuwait stocks ticked up on Wednesday extending the gains to third consecutive session. The bourse was up 2.72 points to 6,779.44 pts even as shares swayed in both directions amid speculative trading. The KSX 15 gauge rose 2.69 points to 898.48 pts trimming the month’s losses …

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Kuwait cbank holds discount rate

DUBAI, June 14, (RTRS): Kuwait’s central bank said on Wednesday it was keeping its discount rate at the current level of 2.75 percent, despite the US Federal Reserve’s decision to raise rates by 25 basis points. In a statement, the Kuwaiti central bank noted that it had hiked its key …

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Carrier urges UN action against Gulf blockade – Gulf crisis threatens Qatar Airways transit business

DUBAI, June 12, (AFP): Qatar Airways has made Doha a global hub in just a few years, but barring it from Gulf states’ airspace threatens its position as a major transcontinental carrier, experts say. Along with its Gulf peers — Dubai’s Emirates Airlines and Abu Dhabi’s Etihad — Qatar’s national …

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