Tuesday , August 21 2018

Business

OPEC says ‘winning’ battle to end oil glut – Deal due to expire in March 2018

VIENNA, Sept 23, (RTRS): OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter of 2018, ministers said on Friday. The Organization of the Petroleum …

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Deeper the oil cuts, better news for shale producers – ‘keep prices at acceptable level’

There is no escape from this harsh reality —  lesser oils entering the markets will mean better news for USA shale producers and further strengthening of the oil barrels. Of course, higher cuts in crude oils will lead to oil prices stabilizing at $50 a barrel – the best performance …

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Bitcoin between promising future and shifting global economy: Kuwait experts – ‘Currency immune to modification by amateur programmers’

KUWAIT CITY, Sept 23, (KUNA): Since launch in 2008, the bitcoin cryptocurrency has been hailed as the gate for future transactions not limited by the obstructions facing its paper counterpart. Despite the promising premises, the digital nature of bitcoin transactions have made it a bit difficult to govern the cryptocurrency, …

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Kuwaiti firms take part in Qatar event

DOHA, Sept 23, (KUNA): Kuwaiti hunting and falconry companies took part in the First Katara International Hunting and Falcons Exhibition in Qatar. The 14 Kuwaiti companies are presenting products including hunting rifles and ammunition, camping equipment and items used in raising falcons. The event is an opportunity to promote products, …

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KFH trains Kuwait employees to manage Group units – Project launched to build national leaderships and endorse horizontal promotional system

KUWAIT CITY, Sept 19: KFH Group CEO Mazen Al-Nahedh emphasized the significance of investment in the development of human resources of Kuwaiti youth working at KFH and develop their capabilities to create a generation of leaders who are able to bear their responsibilities and lead next development stages. KFH has …

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Experts expect Kuwait crude price to hover around $50 pb – Economic recovery in major importers to fuel demand for oil

KUWAIT CITY, Sept 19, (KUNA): Two oil experts expected Kuwait crude prices to remain in the range of USD 50 pb in the coming few months based on the market outlook and the supply/demand mechanism. A range of factors contributed to the rising slant in prices and stability of the …

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Kuwait stock mkt ticks higher in volatile trade – NIG rallies 7 fils; Agility drops

KUWAIT CITY, Sep 19: Kuwait stocks ticked slightly up on Tuesday, stemming the three-day fall. The bourse added 2.43 pts in volatile session to close a 6982.80 pts even as the broader sentiment remained mixed. Most of the blue chips however ended in red. The KSX 15 index dipped 6.17 …

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KIA appoints consultant to study possible merger of KFH and AUB – Tie-up will make KFH the largest bank in Kuwait: Moody’s

KUWAIT CITY, Sept 18: Kuwait Investment Authority has appointed a global consultant to study within a period of two months the merger of two banks – Kuwait Finance House (KFH) and Ahli United Bank (AUB) which was established in Bahrain, reports Al-Rai daily quoting sources. Moody’s said in a report …

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Kuwait bourse retreats as investors book profit – NBK slips 6 fils; Ooredoo gains

KUWAIT CITY, Sept 18 : Kuwait stocks slipped into red on Monday after treading water in the last session. The price index dropped 21.33 pts in choppy trade to 6,890.37 pts as profit taking weighed on some of the heavyweights following recent gains. The KSX 15 benchmark fell 0.22 pts …

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GDP growth picks up in first quarter – Investment boosts foreign reserves; fiscal deficit narrows to 11% of GDP in FY16/17

KUWAIT CITY, Sept 18: The economic recovery strengthened noticeably during the first half of 2017 following the 2016 slowdown. The economy has benefited from strong export growth, a revived tourism sector (albeit from a low base) and a healthy increase in investment. The government’s reform program, starting with the November …

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