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Saturday , February 29 2020

Business

KSE climbs 19.63 pts amid drop in volume – Humansoft Holding jumps 60 fils; Zain slips

KUWAIT CITY, Oct 11: Kuwait stocks pulled higher on Sunday after charting a mixed course in the previous week. The price index, after a tame …

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Kuwait metro, rail procurement to begin next yr

KUWAIT CITY, Oct 10: Kuwait Authority for Partnership Projects says that it has appointed new advisers for the planned Kuwait City metro and expects to …

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Al-Mazaya acquires commercial tower in Riyadh for SR 130mn – Company enhances its portfolio of income generating assets by new acquisition

KUWAIT CITY, Oct 10: Al-Mazaya Holding Group has purchased a new tower servicing the office and commercial sector and occupying an area of 2,160m2 in …

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A year on, OPEC counts cost of relinquishing its ‘swing’ role – Members face new reality – austerity

Next month will be the anniversary of OPEC’s historic decision to relinquish its swing producer role and allow its members to produce oil as much …

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Kuwait bourse ends week’s trading in red –

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,708.75 points, down by 0.21% from the week before …

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Gulf Bank wins prestigious award – Kuwait lender named ‘Best Cash Management Bank in Kuwait’

KUWAIT CITY, Oct 10: Gulf Bank is pleased to announce it has been recognized as the ‘Best Cash Management Bank in Kuwait’ by The Asian …

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G20 ministers endorse crackdown on tax evasion by multi-nationals – Tax dodging costs countries at least $100 bln a year

LIMA, Oct 9, (AFP): Finance ministers from the world’s leading economies gave the green light Friday to a new plan to crack down on tax …

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Kuwait real estate sales dip but prices holding their own Total residential sales in 2015 reach KD 983 million

While sales continue to be slow in the real estate sector, prices seem to be holding up relatively well so far, notwithstanding pockets of softness. …

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Saudi Sept oil production, supply steady — industry source Global oil market needs an anchor, Saudi adviser says

KUWAIT CITY, Oct 9, (RTRS): The lack of a clear leader or “anchor” in the global oil market is fueling uncertainty and leading to sharp …

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VW brand likely to face full-year loss – Company may compensate owners of diesel cars for loss of value

HAMBURG/BERLIN, Oct 9, (Agencies): Volkswagen’s core autos division will likely plunge into a loss this year as it is set to shoulder the bulk of …

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