Friday , December 14 2018

Business

Police arrest three in PNB fraud case

NEW DELHI, Feb 17, (RTRS): India’s federal police arrested two employees at Punjab National Bank believed to be at the centre of a staggering $1.77 …

Read More »

Prices slip on expectations of surging US shale

The positive momentum that propelled oil prices to four year highs appears to have slipped since the start of the month. A combination of bearish …

Read More »

Kuwait Ports Authority tells KGL to evacuate

KUWAIT CITY, Feb 17: The Director-General of the Kuwait Ports Authority (KPA), Sheikh Yousef Al-Abdullah Al-Sabah, said the Kuwait & Gulf Link Transport Co (KGL) …

Read More »

GOFSCO hails sponsorship of ‘Maker Faire Kuwait 2018’ – Move reinforces its corporate social responsibility strategy of supporting young makers

KUWAIT CITY, Feb 14: Gas & Oil fields services company (GOFSCO), one of the largest integrated service providers in Kuwait specializing in the upstream oil …

Read More »

Kuwait company seeks to boost refining capacity – KPI to buy stake in Duqm refinery

KUWAIT CITY, Feb 14 ,(KUNA): Kuwait Petroleum International (KPI) will sign an agreement Thursday to aquire 50 percent share of Oman’s Duqm refinery, said oil …

Read More »

Indian bank reports $1.8b ‘fraud’ at Mumbai branch – Report sends PNB shares plunging over 9%

MUMBAI, Feb 14, (AFP): India’s second-largest state-run bank said Wednesday it had detected fraud of almost $1.8 billion at one of its branches, sending its …

Read More »

KFH bags 28 international renowned awards in 2017 – Awards culminate KFH-Group outstanding performance in all fields

KUWAIT CITY, Feb 13: Kuwait Finance House (KFH) continued its outstanding performance in all indicators and bagged 28 international renowned awards in 2017 at the …

Read More »

World growth raised to 3.9%; US inflation on the rise

The broad-based global economic recovery gained further steam, including in the US, where the inflation narrative appeared to shift toward a more hawkish scenario. After …

Read More »

Gulf’s rate reprieve may end as US spreads stop narrowing – Market conditions may change as loan demand picks up

DUBAI, Feb 13, (RTRS): A dramatic narrowing of spreads between interest rates in the United States and the Gulf cushioned the region’s economies last year, …

Read More »

World oil demand to grow faster than expected in 2018 – Surging US output a ‘concern’ for oil market: OPEC

PARIS, Feb 12, (AFP): Oil prices, long battered by a global glut in supply, have been rising recently as the market returns to balance on …

Read More »
Translate »