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Business

$80 pb is ‘dangerous’ to the world economy

During an oil conference in London last week, international oil countries were warned about the danger of oil prices rising above the level of $80. …

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Kuwait stock market winds up week in red territory

Market capitalization drops to KD 28.35 billion Boursa Kuwait ended last week in the red zone. The Premier Market Index closed at 5,257.16 points, down …

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PART asks KPC to allow contractors to import bitumen

KUWAIT CITY, Oct 11: Public Authority for Roads and Transportation (PART) has requested Kuwait Petroleum Corporation (KPC) to allow road-paving contractors to import bitumen that …

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Private sector’s deposits with banks down by 0.5 pc

Money supply fell 0.3 percent in August: Central Bank of Kuwait KUWAIT CITY, Oct 11, (KUNA): Broad money supply (M2) declined by 0.3 percent in …

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MoF announces budget surplus of KD 1.29 billion in April & May

KUWAIT CITY, Oct 11: Ministry of Finance announced a budget surplus of KD 1.29 billion in April and May, reports Al-Rai daily. The surplus prior …

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Kuwait index slips into red zone; volume ebbs

Mabanee down 5 fils; Ooredoo flat KUWAIT CITY, Oct 10: Kuwait stocks pulled lower on Wednesday after treading water in previous two sessions. The All …

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NBK reports KD 272.4 mln 9M 2018 net profits

14.3 percent year-on-year growth KUWAIT CITY, Oct 10: National Bank of Kuwait (NBK) reported net profits of KD 272.4 million ($898.7 million) for the first …

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EQP announces launch of innovative Viridis 25

Project complies with European regulations KUWAIT CITY, Oct 10, (KUNA): Equipolymers (EQP), a subsidiary of EQUATE Group for petrochemicals, has announced the launch of the …

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KNPC to meet companies qualified for Al-Dibdibah Solar Power Plant project worth KD 520 million

KUWAIT CITY, Oct 9: Kuwait National Petroleum Company (KNPC) will soon hold the first preliminary meeting with companies qualified for the Al-Dibdibah Solar Power Plant …

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$29 m spare parts for Al-Zour power station

KUWAIT CITY, Oct 9: Minister of Oil, Electricity and Water Bakheet Al-Rasheedi has inked a contract, worth KD 9 million ($29 million), for importing original …

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