Business

Oil prices remain high on pipeline shutdown

Oil prices remained range bound with minimal volatility and comfortably above the $60/b mark during November ’17 and during the first two weeks of December ’17 following the extension to the ongoing oil production cut agreement until the end of 2018. An oil pipeline shutdown in North Sea for repairs …

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Kuwait seeks help for Boursa stake sale – CMA floats tender for advisers

KUWAIT CITY, Dec 17: The Capitals Market Authority (CMA) Sunday, December 17 floated a tender in demand for consultative services to help it sell a stake in the Boursa Kuwait. According to a report published in The National, the deadline for financial consultative firms to present their bids is Jan …

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KPMG Kuwait to accept Bitcoin payment – New technology for new generation

KUWAIT CITY, Dec 16: KPMG Kuwait has accepted its first engagement in bitcoins. KPMG’s Digital Consulting Services group provides a range of services focused on new technology including Digital Customer Experience, Data and Analytics, Robotic Process Automation, and BlockChain Technology which enables cryptocurrencies to function. “KPMG is a customer centric …

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Value over volume – shale oil directions for 2018!

Oil Analyst American shale oil producers are opting for value added returns and for higher and improved oil prices with full coverage and assurance from OPEC and Russia in securing their profits. Even though no one knows the rate that the American producers will push for next year, it however …

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Kuwaitis in the forefront of buying and selling Bitcoins

Value of unit of the digital currency reaches $17,000 KUWAIT CITY, Dec 16: Kuwaiti citizens have been in the forefront in the trading (buying and selling) of the digital currency “Bitcoin” especially with the high global circulation of Bitcoin in the virtual world of the Internet, reports Aljarida daily. The …

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S&P rates vulnerability of Kuwait sovereigns

KUWAIT CITY, Dec 14: Kuwait ranked 51st out of 80 emerging market sovereigns in terms of vulnerability to tighter funding conditions, according to the “Global Sovereign Outlook 2018: Brighter With Risk of Turbulence,” report published recently on Ratings- Direct by Standard and Poors. The report explained that the ranking of …

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Alghanim Industries wins 2017 Corporate Treasury Team of the Year Award at ACT

KUWAIT CITY, Dec 13: Alghanim Industries, one of the largest privately owned companies in the region, was recently awarded the 2017 Corporate Treasury Team of the Year Award at the Association of Corporate Treasurers (ACT) Middle East Annual Summit, which was held at the Conrad Hotel in Dubai, UAE on …

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Kuwait stocks extend gains; volume shrinks – Humansoft Holding soars 190 fils; KIPCO flat

  KUWAIT CITY, Dec 13: Kuwait stocks swung higher on Wednesday extending last session’s rebound. The price index climbed 40.29 points in volatile trade to 6,237.87 points paced by banks and other heavyweights. Some of the mid-caps to posted solid gains. The KSX 15 gauge rose 6.46 pts to 901.23 …

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Kuwait’s Al-Rashidi says any exit from supply cuts to be gradual – OPEC sees balanced market by late 2018

DAMMAM, Saudi Arabia, Dec 13, (RTRS): Kuwait’s oil minister said on Wednesday the oil market was expected to rebalance towards the end of 2018 and any strategy to exit a deal on supply cuts between OPEC and non-OPEC oil producers would be gradual. “Market fundamentals have improved significantly in the …

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Gulf Bank holds WISE investment forum – Dr Josh Lerner discusses passive investing

KUWAIT CITY, Dec 12: Gulf Bank was pleased to hold a private dinner forum for its Priority and Wealth clients entitled ‘Making WISE Investments for the Long-term’ with leading investment expert and Harvard Business School professor, Dr Josh Lerner. The event took place at the Sheraton Hotel, on Monday, Nov …

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