Thursday , September 20 2018


Kuwait’s growth improving on projects

The economy continues to bounce back from a 2015 slowdown, which was induced by a fiscal adjustment in the wake of the decline in oil prices. Growth in non-oil activity is expected to have improved to 3.0 percent in 2017, with growth seen accelerating further to 3.5-4 percent in 2018 …

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OPEC await Russia’s call

OPEC’s meeting in Vienna last Thursday didn’t last long. Like the previous meetings, it needed a simple nudge from Moscow, which happened. Thus, an agreement was reached to extend the current production cuts of 2.8 million barrels per day until the end of 2018. OPEC is no longer in the …

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KSE indices wind up last week on mixed note

Boursa Kuwait ended last week with mixed performance. The Price Index closed at 6,196.50 points, down by 0.69% from the week before closing, the Weighted Index increased by 0.70% after closing at 398.78 points, whereas the KSX-15 Index closed at 908.54 points up by 0.25%.Furthermore, the week’s average daily turnover …

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General deal seen among oil producers to extend cuts – Crude prices drop on pre-OPEC nerves

VIENNA, Nov 29, (Agencies): Kuwait Oil Minister Essam Al-Marzouq said Tuesday a ministerial market monitoring committee would examine oil output levels for October and producers’ commitment to production cuts, then refer recommendations to an OPEC meeting. Ministers from OPEC and non-OPEC will thoroughly discuss on Thursday whether to extend production …

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Kuwait index winds up week on lacklustre note – KFH gains 3 fils; Nafais dips

KUWAIT CITY, Nov 29: Kuwait stocks headed south on Wednesday as it wound up the holiday-shortened week on a dour note. The price index dropped 13.52 points in volatile trade to 6196.5 pts extending the losses to third straight session. The heavyweights closed mixed even as the broader trend remained …

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US third quarter economic growth fastest in 3 years – Wholesale and retail inventories drop in Oct

WASHINGTON, Nov 29, (Agencies): The US economy grew faster than initially thought in the third quarter, notching its quickest pace in three years, as increases in business investment in inventories and equipment offset a moderation in consumer spending. Gross domestic product expanded at a 3.3 percent annual rate in the …

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EQUATE highlights Gulf’s role as vital contributor to global petchem industry – ‘Petrochemical producers contribute over 142 mln tons annually’: CEO

DUBAI, Nov 28: EQUATE Group, a global producer of petrochemicals, sponsored the 12th annual Gulf Petrochemicals & Chemicals Association (GPCA) Forum to support the pioneering role of the Arabian Gulf’s industrial sector. The forum includes the participation of industrial leaders and professionals from across the globe. EQUATE’s President & CEO, …

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Kuwait stocks index dips as trading turns anemic – Markaz sheds 15 fils; KFH gains

KUWAIT CITY, Nov 28: Kuwait stocks swung lower on Tuesday after treading water in the previous session. The bourse dipped 44.65 pts to 6,210.02 points as sentiment turned sour amid anemic trading vs Banks were mostly muted while other heavyweights closed narrowly mixed. The KSX 15 index ticked 1.98 points …

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KFH set to participate in World Islamic Banking Conference – Confab to be held in Bahrain from December 4-6

KUWAIT CITY, Nov 28: Kuwait Finance House (KFH) to participate in the 24th Annual World Islamic Banking Conference (WIBC) themed “Drivers of Economic Growth and Risks: Policy Makers & Regulators” to be held in Bahrain from Dec 4-6. KFH’s participation as a platinum strategic partner for the 3rd consecutive year …

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Improved earnings still signalling some softness – Kuwaiti companies continue to post rise in profits for first nine months of 2017

Listed Kuwaiti companies continued to post a notable rise in profits for the first nine months of 2017, though softness in business activity has affected revenue growth. The financial sector was the main contributor to the solid growth, with investment income benefiting from the stock market rally. Although results in …

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