Tuesday , August 21 2018

Business

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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KSE indices end last week in green zone

Boursa Kuwait ended last week in the green zone. The Price Index closed at 6,309.31 points, up by 0.81% from the week before closing, the Weighted Index increased by 1.33% after closing at 402.96 points, whereas the KSX-15 Index closed at 925.96 points up by 1.74%. Furthermore, the week’s average …

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Global economic growth prospects improve, while inflation stays soft – Venezuela suffers another blow as PDVSA declared in default US economy gets boost from Trump’s tax reform plans

As the outlook for global growth continued to improve, central banks in advanced economies proceeded with policy normalization despite persistently soft inflation. Economic activity appeared more robust in recent months across most major economies, particularly in the US and the eurozone. In the US, growth was bolstered by the promise …

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Airbus lands biggest-ever contract for 430 A320s – Boeing in 175-plane deal with budget carrier flydubai

PARIS, Nov 15, (Agencies): Airbus announced its biggest-ever order on Wednesday, signing a deal to supply 430 of its medium-range A320 family of aircraft to US investment firm Indigo Partners, at a list price of $49.5 billion (42 billion euros). “An order for 430 aircraft is remarkable,” said Airbus chief …

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Investors re-price political risk in ME bond market; GCC yields up 15 to 50 bps – Bonds no longer supported by supply-demand imbalance

DUBAI/LONDON, Nov 15, (RTRS): A rise in Middle East bond yields following Saudi Arabia’s anti-corruption purge and turmoil in Lebanon signals a long-term re-pricing of regional debt caused by heightened political risk, investors believe. Funds started selling Middle East bonds early this month after Saudi Arabia detained dozens of senior …

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Kuwait stock index pulls higher; volume rebounds – Agility rallies 38 fils; Humansoft Holding dives

KUWAIT CITY, Nov 15: Kuwait stocks pulled higher on Wednesday tracking the firmness in regional market and oil prices. The bourse rallied 35.5 pts in volatile trade to 6,285.56 points led by renewed buying in banks and other blue chips even as profit booking weighed on some of the mid-caps. …

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Gulf Bank continues to drive operational risk reduction and efficiency – Fitch Learning delivers internal control training to senior executives

KUWAIT CITY, Nov 14: As part of its ongoing commitment mitigating and preventing operational risk, Gulf Bank concluded another session in its series of trainings for a wide cross section of senior management. The training session, entitled “Internal Control Enhancement: Management Responsibility, Culture, and Oversight” was conducted by Fitch Learning …

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Emirates believes Airbus can bow to demands on A380 programme

DUBAI, Nov 14, (RTRS): Emirates believes Airbus can meet demands from the Dubai government to guarantee development of the A380 jet programme, as it challenges the planemaker to see who will blink first in talks over a new $16 billion superjumbo plane order. “I am sure that if we get …

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Kuwait’s stocks tread water, volume shrinks – Americana rallies 20 pct; Ooredoo dips

KUWAIT CITY, Nov 14: Kuwait stocks trod water on Wednesday after see-sawing sharply earlier in the week. The price index pulled back from steep early trough to close 0.61 pts lower at 6,250.06 points. Most of the heavyweights eked modest gains while selling pressure hammered select counters. The KSX 15 …

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ABK enables contactless payments – Tap ‘n’ Go service launched with KNET

KUWAIT CITY, Nov 13: In an effort to make life simpler for its customers through a series of ongoing enhancements, Al Ahli Bank of Kuwait (ABK) today announced the launch of the Tap ‘n’ Go service with KNET. This technology uses Visa payWave to enable Prestige, Elite and VIP Debit …

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