Friday , January 19 2018

Business

S&P rates vulnerability of Kuwait sovereigns

KUWAIT CITY, Dec 14: Kuwait ranked 51st out of 80 emerging market sovereigns in terms of vulnerability to tighter funding conditions, according to the “Global Sovereign Outlook 2018: Brighter With Risk of Turbulence,” report published recently on Ratings- Direct by Standard and Poors. The report explained that the ranking of …

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Alghanim Industries wins 2017 Corporate Treasury Team of the Year Award at ACT

KUWAIT CITY, Dec 13: Alghanim Industries, one of the largest privately owned companies in the region, was recently awarded the 2017 Corporate Treasury Team of the Year Award at the Association of Corporate Treasurers (ACT) Middle East Annual Summit, which was held at the Conrad Hotel in Dubai, UAE on …

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Kuwait stocks extend gains; volume shrinks – Humansoft Holding soars 190 fils; KIPCO flat

  KUWAIT CITY, Dec 13: Kuwait stocks swung higher on Wednesday extending last session’s rebound. The price index climbed 40.29 points in volatile trade to 6,237.87 points paced by banks and other heavyweights. Some of the mid-caps to posted solid gains. The KSX 15 gauge rose 6.46 pts to 901.23 …

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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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