Thursday , April 19 2018

Business

Limak Construction meets with UK Transport Secretary Chris Grayling – Activities in Kuwait discussed

KUWAIT CITY, Oct 2: On Sept 27, 2017, Limak Construction met with Her Majesty’s Principal Secretary of State for Transport Chris Grayling of the United Kingdom to present the company’s latest activities in Kuwait and discuss future opportunities with the United Kingdom (UK). Limak is a leading contractor currently constructing …

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Kuwait ranked 1st among importers of German goods

KUWAIT CITY, Oct 2, (KUNA):With an investment volume of over EUR 30 billion, Kuwait is ranked first among importers of German goods within the European Union, and fifth on the global scale, Ambassador Karlfried Bergner said Monday. “Trade relations with Kuwait are very good. We are looking forward to beefing …

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Kuwait’s index climbs amid sluggish trading – Agility gains 10 fils; Gulf Bank up 1.24%

KUWAIT CITY, Oct 2: Kuwait’s stocks saw a modest rebound on Monday as the price index rose 2.9 points in sluggish trading to close at 6,674.53 points with mixed boards. The KSX-15 benchmark was up 0.96 points to 1,016.93 points while the weighted index fell 0.09 points. The volume turnover …

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Kuwait’s top investors to gather for 2nd edition of ArabNet confab – Meet to focus on Kuwaiti, GCC markets

KUWAIT CITY, Oct 1: Under the patronage of HE Khaled Nasser Abdullah Al-Roudan, Minister of Commerce and Industry and Minister of State for Youth Affairs, ArabNet Kuwait is back in its 2nd edition after its major success in 2016. Taking place on Oct 17-18, at the Arraya Ballroom, the conference …

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Gulf states say goodbye to tax-free ‘reputation’ – UAE doubles price of tobacco and ups soft drinks prices

DUBAI, Oct 1, (AFP): Hard hit by a drop in oil income, energy-rich Gulf states will next year introduce value-added tax to a region long known for being tax-free. Some have hailed introducing VAT as the start of “exciting, dramatic” change in the region, but the measure is also expected …

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Kuwait’s stocks inch lower; volume soars – NBK spikes 25 fils; Agility jumps 11 fils

KUWAIT CITY, Oct 1: Kuwait’s stocks inched lower on Sunday on the first day of trading after FTSE decision to upgrade the bourse to an emerging market. The price index dived 8.1 points in a slightly volatile trading to close at 6,671.63 points with mixed boards as investors were uninspired …

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FTSE lifts Boursa Kuwait – Inflow of $1.8bn seen possible

KUWAIT CITY, Sept 30, (KUNA): The Financial Times Stock Exchange (FTSE) Russel has promoted Boursa Kuwait to an emerging market, Chairman of Kuwait’s Capital Markets Authority (CMA) Board of Commissioners Nayef Al-Hajraf tweeted Friday. Al-Hajraf dedicated the prominent achievement to His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. He …

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Lack of transparency in KPC embarrassing oil minister

Kuwait Petroleum Corporation (KPC) is the only Kuwaiti oil company that publishes its financial results, and profit and loss accounts globally on an annual basis. None of the companies in the Middle East or in Africa and even the OPEC national oil companies does the same. KPC is the only …

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Oil prices gain in Sept on signs of physical mkt tightening

By the standards of 2017, September has so far been a good month for oil prices. Both Brent and West Texas Intermediate (WTI) are up by 8% or more to the $56 and $50 per barrel (bbl) levels, respectively, amid signs that the physical markets are tightening. For Brent, the …

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Kuwait expects an inflow of $1 bln of foreign investment – Market gears up for possible upgrade in FTSE Emerging Markets Index

KUWAIT CITY, Sept 27: The Kuwait Stock Exchange is waiting for a $1 billion inflow of foreign investment following the announcement of a possible rise in the FTSE Emerging Markets Index, which will be announced on Friday after the US markets close, reports Al-Anba daily quoting an unnamed source. The …

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