Wednesday , September 19 2018


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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Kuwait’s inflation bounces up to 1.4 pct in Oct

Consumer price inflation bounced to a multi-month high of 1.4% in October, as inflation in the retail sector provided a healthy boost to the general index. Inflation excluding housing rent, food costs and energy prices, rose from 2.5% y/y in September to 3.3% y/y in October, highlighting some upward inflationary …

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Kuwait stocks rebound as volume rises further – NBK rallies 17 fils; Ooredoo dips

KUWAIT CITY, Dec 12: Kuwait stocks swung higher on Tuesday, stemming the five-day losing streak. The price index climbed 41.98 pts to 6,197.58 pts after a mid-session plunge amid renewed buying across the sectors paced by banks and other heavyweights. The KSX 15 benchmark rebounded 11.41 pts to 894.77 points …

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Kuwait cbank gov to helm IFSB chairmanship – Bangladesh’s Kabir appointed as deputy

KUALA LUMPUR, Dec 11: The Council of the Islamic Financial Services Board (IFSB) today resolved to appoint its Chairman and Deputy Chairman for the year 2018. HE Dr Mohammad Y. Al Hashel, Governor, Central Bank of Kuwait, will take over the Chairmanship of the IFSB, while HE Fazle Kabir, Governor, …

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Boursa Kuwait preparing for market segmentation – Move to raise liquidity

KUWAIT CITY, Dec 11: Taking another step towards strengthening its position on both regional and international levels and adding a new achievement to its track record, Boursa Kuwait has announced its plans for the Market Segmentation, which divides the market into three segments: Premier Market, Main Market and Auction Market. …

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Kuwait’s current account surplus improves in 2017

Kuwait’s current account surplus improved slightly in 2Q17 on lower remittances, a decline in imports, and some gain in investment income during the quarter. The surplus improved to KD 0.62 billion, up from KD 0.44 billion in 1Q17, rising to an annualized 6.9% of GDP. The balance continues to show …

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Kuwait’s hosting of OAPEC reflects keenness to back joint Arab action – Kuwait plans to import gas from Iraq: oil ministry

KUWAIT CITY, Dec 10, (KUNA): Kuwait’s hosting of the premises of the Organization of Arab Petroleum Exporting Countries (OAPEC) is part of the country’s keenness to promote the joint Arab action in all aspects, Kuwait’s Minister of Oil, and Minister of Electricity and Water Essam Al-Marzouq has stressed. The minister …

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Kuwait’s index slips into red amid anemic volume – Mabanee Co drops 15 fils; Zain flat

KUWAIT CITY, Dec 10: Kuwait stocks slipped into red on Sunday extending the losses to fourth straight session. The price index dropped 24.59 pts in volatile trade to 6,162.35 points weighed by select mid-caps even as the some of heavyweights pulled higher. The bank however were muted. The KSX 15 …

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Iraq says Kirkuk oil swap deal with Iran for one year – ‘Subject to renewal’

KUWAIT, Dec 10, (RTRS): Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year and subject to renewal. The agreement signed on …

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