Business

Kuwait’s steady credit growth at 3.1 pct in Sept – Third quarter of 2017 closed weaker

A solid gain in credit was recorded in September, though 3Q17’s overall performance was visibly weaker. Credit saw a net gain of KD 231 million on the month, with the number boosted by usual end-of-quarter gains. Growth, however, slipped to 3.1% year-on-year (y/y). Credit’s performance for 3Q17 as a whole was …

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‘Shock’ of Arab boycott passed – QSE normal: CEO

DOHA, Nov 21, (RTRS): The Qatar Stock Exchange (QSE) has passed the shock of the boycott imposed on Doha by other Arab states and is now operating normally, the exchange’s chief executive Rashid Ali al-Mansoori said on Tuesday. Over 100 new foreign funds have begun investing in Qatar since the …

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Kuwait equities extend losses in choppy trade – NBK drops 15 fils; Ooredoo gains

KUWAIT CITY, Nov 21 : Kuwait stocks headed south on Tuesday, extending its losses to third straight session. The main index dipped 25.75 pts in choppy trade to 6,231.97 points weighed by banking shares even as continuing regional tensions dampened the sentiment. The KSX 15 benchmark slid 13.45 pts to …

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Airbus faces hurdles in Emirates deal – Key relationships tested in A380 Emirates talks

DUBAI, Nov 20, (RTRS): A preliminary deal to sell 36 A380s to Emirates blew up in an Airbus hospitality chalet moments before the Gulf carrier was expected to shower $30 billion on the planemaker and its US rival Boeing at the start of last week’s Dubai Airshow. Two top Emirates …

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Kuwait closes slightly lower; volume retreats – NBK slips 3 fils; Mabanee Co gains

KUWAIT CITY, Nov 20: Kuwait stocks pulled slightly lower on Monday extending last session’s losses. The bourse fell 4.67 pts in volatile trade to 6,257.72 points dragged by heavyweights even as the broader trend remained narrowly mixed. The KSX 15 gauge slipped 4.39 pts to 918.26 points while weighted index …

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Kuwait’s trade surplus with Japan soars – Mideast shortfall jumps to 77 pct

TOKYO, Nov 20, (KUNA): Kuwait’s trade surplus with Japan expanded by 64.4 percent from a year earlier to JPY 32.1 billion ($287 million) in October, up for the 10th month, thanks to robust exports, the Japanese Finance Ministry said Monday. Kuwaiti overall exports to Japan jumped 25.1 percent year-on-year to …

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ITS named ‘Critics Choice Best Islamic Retail Banking Solutions Provider 2017’ – ETHIX world-class product range wins top honors

KUWAIT CITY, Nov 19: International Turnkey Systems (ITS), the market leading provider for comprehensive Islamic financial solutions, was named the winner of the Critics’ Choice Best Islamic Retail Banking Solutions Provider 2017 for its innovative ‘ETHIX’ product range at the 3rd Islamic Retail Banking Awards (IRBA). The award was presented …

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‘Kuwait produces 3.15 mln bpd, committed to OPEC output deal’ – Oil and gas measurement is an essential issue – KOC

KUWAIT CITY, Nov 19, (KUNA): Kuwait’s crude output stands at 3.15 million barrels per day (bpd) at present, and the country is fully committed to the production ceiling set by OPEC, a senior official in the oil industry said on Sunday. Deputy CEO of the Kuwait Oil Company (KOC) Ismail …

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Kuwait bourse swings into red; volume drops – Humansoft Holding dips 50 fils; Ooredoo gains

KUWAIT CITY, Nov 19: Kuwait stocks swung into red on Sunday after trading higher in the previous week. The price index, after drifting sideways for most part of the session, dipped 46.92 points to 6262.39 pts as renewed regional tensions weighed on the sentiment. The KSX 15 benchmark fell 3.31 …

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The hard fact

THE optimism in the oil producing nations as the oil price hovers above $60 a barrel will not last in the absence of any alternative to replace oil. The belief that oil will once again reach the level of $90 and $100 is not going to happen since the United …

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