Business

Kuwait’s stocks climb 16.99 pts; volume dips – Americana plummets 299 fils; Kuwait Cinema surges

KUWAIT CITY, Oct 22: Kuwait stocks closed higher on Sunday to kick off week on a positive note. The main index rose 16.99 points in choppy trading to close at finish at 6,650.06 points as the board remained mixed. The KSX-15 benchmark fell 0.24 point to 1,002.20 points, while the …

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Oil market improving on compliance with cutbacks – Saudi minister Al-Falih makes high profile visit to Iraq

BAGHDAD, Oct 21, (Agencies): The global oil market is improving and stabilising as oil exporting nations are fully complying with an agreement to curb supply in order to lift crude prices, Saudi Oil Minister Khalid al-Falih said in Baghdad on Saturday. The secretary general of the Organisation of the Petroleum …

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Hesitant Saudi Aramco and its privatization challenge – Transparency critical for int’t exchanges

Since the Saudi oil giant’s announcement to go public, the international press has been raising some crucial questions concerning the public offering of five percent assets by the end of next year. The press’ questions are related to transparency and complete openness to the public, opening of its books and …

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Kuwait stocks end mixed during last week

Boursa Kuwait ended last week with mixed performance. The Price Index closed at 6,633.07 points, up by 0.07% from the week before closing, the Weighted Index decreased by 0.01% after closing at 431.52 points, whereas the KSX-15 Index closed at 1,004.88 points down by 0.01%. Furthermore, last week’s average daily …

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AUB achieves KD 40 mn net profit for 9M – Total operating income rises 6.6% to KD 84.5 mn; total assets up 4.9%

KUWAIT CITY, Oct 18: Ahli United Bank reported a Net Profit KD 40 mn for the nine months ending on 30 September 2017 in comparison to KD 39.1 mn for the same period in 2016, after the financial statements have been approved by AUB’s Board of Directors and the Central …

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‘Projects in Kuwait will boost value added oil’ – BH providing expertise and digital solutions to oil cos: Knoon

KUWAIT CITY, Oct 18, (KUNA): Oil projects currently carried out in Kuwait would promote value added to oil industry in the country, Sufyan Knoon, Regional Manager of Baker Hughes in Gulf and Turkey, said on Wednesday. Speaking to KUNA on the sidelines of the 3rd Kuwait Oil and Gas Show …

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Kuwait stocks retreat sharply, volume rises – Jazeera Airways up 10 fils; Humansoft tumbles

KUWAIT CITY, Oct 18: Kuwait stocks retreated sharply on Wednesday as most of the investors remain cautious. The price index tumbled 29.64 points in a broad decline to 6,618.66 points. The KSX-15 benchmark closed nearly flat to stand at 1,008.37 points while the weighted index fell 0.87 points. The turnover …

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Reserves touched to offset budget deficit – ‘Law to raise loans in limbo’

KUWAIT CITY, Oct 18: Withdrawals from the public reserve fund are expected to increase this month and the coming months in order to cover the budget deficit, following the expiry of the law that allows the government to raise loans and with the wait for a new law to be …

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Kuwait Oil Company marks breakthrough performance – Region’s first deployment of smart drill bit by BHGE

KUWAIT CITY, Oct 17: Kuwait Oil Company (KOC) has achieved the highest rate of penetration (ROP) ever achieved in Kuwait’s North field with the region’s first deployment of the BHGE TerrAdapt™ adaptive drill bit combined with the BHGE AutoTrak™ eXpress rotary steerable system. The North field is a challenging application …

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Kuwait’s stocks extend gains, volume rebounds – Jazeera Airways up 20 fils; Boubyan Bank advances

KUWAIT CITY, Oct 17: Kuwait stocks extended gains into second day on Tuesday, helped by rebound in technology shares. The main index advanced 12.34 points in choppy trading to close at 6,648.3 points. The KSX-15 benchmark rose 1.28 points to 1,008.41 points and the weighted index was up 0.28 points. …

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