Thursday , December 14 2017

Business

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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Oil prices remain in the doldrums

Surveying the oil markets at the start of May, when prices were under pressure and ranging between $49-$51 per barrel (bbl), OPEC ministers could be forgiven for believing that a decision to extend their 6-month production cut agreement for an additional 9 months, to March 2018, would be just the …

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Kuwait ekes ‘modest’ gains in volatile trade – ABK rallies 35 fils; Ooredoo dips

KUWAIT CITY, June 12:  Kuwait stocks chalked a modest rebound on Monday following 2-day retreat. The price index climbed 20.18 points in volatile trade to 6,774.72 points helped by a buying uptick in select counters even as the broader sentiment remained mixed. The KSX 15 gauge was little changed at …

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Huawei trains 33 Kuwaiti graduates, hires 8 – Part of Huawei Technologies Kuwait’s commitment to the country

KUWAIT CITY, June 11: Huawei Technologies, one of the leading global ICT solutions provider, recently held a congratulatory ceremony to mark the successful completion of the second season of its annual Graduate Training Program.  Designed to empower young Kuwaiti talents by facilitating their transition into the job market, Huawei’s one-year …

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Kuwait bourse kicks off week on dull note – UPAC tumbles 90 fils; ALAFCO gains

KUWAIT CITY, June 11: Kuwait stocks pulled lower on Sunday extending last session’s losses. The bourse dropped 28.88 pts in choppy trade to 6,754.54 points even as sentiment remained lackluster amid anemic volume. The KSX 15 gauge dipped 6.55 pts to 900.22 points while weighted index fell 2.3 points to …

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