Friday , November 24 2017

Business

Future of oil prices unpredictable: OAPEC chief

KUWAIT CITY, April 9, (KUNA): It is hard to predict international oil prices over the coming period, Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC) Abbas Ali Al-Naqi said on Sunday. The Organization of the Petroleum Exporting Countries (OPEC) plays a major role in determining oil prices …

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43 tenders worth $915 mn awarded in first qtr – CTC

KUWAIT CITY, April 9, (KUNA): Forty-three tenders worth KD 279.9 million (USD 915 million) have been awarded during the first quarter of 2017, the Central Tenders Committee (CTC) said on Sunday. The estimated value of the tenders was KD 339.5 million (USD 1.1 billion), while the saving rate hit KD …

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Gulf Business survey shows ‘top ten’ salaries in Kuwait

Asian, Western salaries up; Gulf drops KUWAIT CITY, April 8: Salaries across the GCC stagnated in the last year due to dull economic conditions in the region, the 2017 Gulf Business salary survey has found, says the Gulf Business News. The average Asian salary increased 1.57 percent from $9,231 to …

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KFIC posts 2016 profit of KD 211K

KUWAIT CITY, April 8: Kuwait Finance and Investment Company KFIC announced its financial results for the year ended Dec 31, 2016 in which it yielded a net profit of 211 thousand Kuwaiti Dinars at an EPS of 0.70 fils per share, compared with a profit worth of 985 thousand Kuwaiti …

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Prices steady amid slow market activity

The real estate market got off to a slow start in 2017, with a weak showing in February, though prices held their ground. An already weak market was not helped by a stock market rally since December 2016, which may have pushed some away from a weary real estate market. …

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May pitches London exchange to Saudis for ‘massive’ Aramco IPO

Kingdom weighs which international market to list shares of oil giant RIYADH, Saudi Arabia, April 5, (AP): Britain’s prime minister pitched the benefits of the London Stock Exchange during a visit to Saudi Arabia on Wednesday as the kingdom weighs which international market to list shares of oil giant Aramco …

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NBK Capital to launch its latest investment vehicle

KUWAIT CITY, April 5: NBK Capital has announced that it will launch its MENA Real Estate investment vehicle that is currently in the final stages of registration with the Central Bank of Bahrain. The MENA Real Estate investments platform will augment the highly successful MENA Private Equity and Private Credit …

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KIPCO’s diversification, operational strength will help to face challenges

KUWAIT CITY, April 5: At its Annual Shafafiyah ‘Transparency’ Investors’ Forum, KIPCO — the Kuwait Projects Company (Holding) — said that external challenges such as regulations, currency fl uctuation and oil prices, will impact the company’s profitability in 2017. However, KIPCO’s diversified investments, the strong support it has from its …

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Closing down Shuaiba Refinery to cost KD 80m in revenue generated

Move will minimize refinery capacity of Kuwait by 50 pc KUWAIT CITY, April 4: Recent report alleging Shuaiba Refinery will be sold as scrap has come as a surprise since many refineries around the world have been operating for 100 years and still functioning, says Al-Shahed daily. The daily quoting …

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GCC banks should adapt fast with disruptive technologies: Marmore

Study highlights potential impact of Blockchain tech on various sectors KUWAIT CITY, April 4: Marmore MENA Intelligence, a research subsidiary of the Kuwait Financial Centre “Markaz,” recently rolled out its report “From Bitcoin to Blockchain.” In this release, Marmore fathoms the potential impact of the Blockchain technology on various sectors …

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