Business

Kuwait index ends little changed in choppy trade – Zain rallies 14 fils; Humansoft Holding slides

KUWAIT CITY, Sept 17: Kuwait stocks were little changed on Sunday as it kicked off the week on a tame note. The price index eased 2.16 points in choppy trade to 6,911.7 points even as overall sentiment remained mixed. Most of the heavyweights however closed in green. The KSX 15 …

Read More »

Dow has the right to choose the new president of EQUATE – ‘Our MPs should refrain from interfering’

It is shocking to read in our daily newspapers about the noise people in Kuwait are making concerning the next president of EQUATE, which is a joint venture of Petrochemical Industries Company (PIC) and Dow Chemical. It is an internal matter of the private company, so why are our MPs …

Read More »

Bitcoin … way to the future or path to financial ‘ruin’? – Plummeting prices raise questions

NEW YORK, Sept 16, (AP): Bitcoin, hailed in some quarters as the future of currency, is having a rough week, with a flurry of rumors that China will shut down exchanges and the head of a major US bank calling bitcoin a “fraud.” Plummeting prices have again raised questions about …

Read More »

China provides $10 billion credit line to Iran – Funds to finance water, energy and transport projects

TEHRAN, Sept 16, (AFP): A Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks, Iran’s central bank president said Saturday. The contract was signed in Beijing between China’s CITIC investment group and a delegation of Iranian banks led by central bank president Valiollah Seif. The …

Read More »

OPEC could hold extraordinary meeting in March: Kuwait – Extension of supply cut pact being discussed among oil producers

KUWAIT CITY, Sept 13, (RTRS): Kuwait’s Oil Minister Essam al-Marzouq said on Wednesday that OPEC could hold an extraordinary meeting in mid-March if oil producers did not reach a decision to extend their supply cut pact when it next meets in November. “In the coming November meeting, we may not …

Read More »

Apple unveils $999 iPhone X, new Face ID technology – New Apple Watch that makes calls turn comic book fantasy into reality

CUPERTINO, California, Sept 13, (Agencies): Apple on Tuesday unveiled a number of new phones, including its most expensive one yet, as well as new versions of its Apple Watch and its streaming TV device. Here’s a rundown of the announcements. iPhone X Apple is releasing a super-premium iPhone with a …

Read More »

Kuwait market extends gains in ‘volatile’ trade – Humansoft Holding soars 156 fils; NBK slips

KUWAIT CITY, Sept 13: Kuwait stocks pulled higher on Wednesday as it extended the gains to second consecutive session. The main index climbed 18.94 pts in volatile trade to 6,924.92 points paced by speculative buying in select counters . The banks mostly sagged whereas other blue chips closed mixed. The …

Read More »

ALAFCO successfully closes syndicated Murabaha facility

Kuwait-based ALAFCO Aviation Lease and Finance Company is pleased to announce that it has successfully closed an agreement for a three-year syndicated Murabaha facility for US$ 300 million. The transaction has been advised by KFH Capital Investment Company with participation from Kuwait based Warba Bank K.S.C.P, Boubyan Bank K.S.C.P, Kuwait …

Read More »

Kuwait index slips into red amid profit taking – KFH dips 7 fils; Zain gains

KUWAIT CITY, Sep 12: Kuwait stocks headed south on Tuesday after closing flat in the last session. The main index dipped 21.05 pts in choppy trade to 6,905.98 points as investors locked profits across the sectors. The blue chips however remained mixed. The KSX 15 measure fell 4.54 points to …

Read More »

OPEC output falls, sees higher demand – Compliance slips

LONDON, Sept 12, (RTRS): OPEC on Tuesday forecast higher demand for its oil in 2018 and pointed to signs of a tighter global market, indicating its production-cutting deal with non-member countries is helping to tackle a supply glut that has weighed on prices. In a monthly report, the Organization of …

Read More »
Translate »