Saturday , March 24 2018


Oil market already starting to rebalance, says Kuwait min – Al Marzouq expects prices of $55-60 pb throughout 2017

KUWAIT CITY, Jan 25, (AFP): Oil markets have already begun to rebalance after strong signs that producers are complying with output cuts, Kuwait Oil Minister Essam Al-Marzouk said on Wednesday. “We are confident that rebalancing in the oil markets has already started,” Marzouk said. “We expect a positive impact on …

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Tamdeen and Alshaya sign major leasing deal – Under agreement, 22 household name brands will join Al-Kout Mall’s outlets

KUWAIT CITY, Jan 24: Tamdeen Group – Kuwait’s leading mixed-use property developer — signed a leasing agreement with leading retail franchise operator M.H. Alshaya Co to open 22 apparel, pharmacy, optical and restaurant outlets in the new Al-Kout Mall which is part of Al-Kout, the largest mixed-use waterfront destination in …

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Kuwait bourse extends gains in volatile trade – NBK rallies 10 fils; Ooredoo flat

KUWAIT CITY, Jan 24: Kuwait bourse extended the winning spree on Tuesday as investors chased shares across the sectors. The price index climbed 62.73 pts in an extremely volatile trade to 6742.35 pts led by banks even as the sentiment remained largely bullish. The KSX 15 benchmark rose 8.1 pts …

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NBK posts KD 295.2 mln net profit for 2016 – Board proposes cash dividend of 30 fils per share, 5% bonus shares

KUWAIT CITY, Jan 23: National Bank of Kuwait (NBK) reported net profits of KD 295.2 million ($964.5 million) for the year 2016 compared with KD 282.2 million ($921.9 million) in 2015, growing 4.6 percent year-on-year. The net profit in 2015 included an accounting gain in respect of the Group exiting …

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International Invention Fair honors Zain – Firm recognized for its strategic partnership since event’s inception

KUWAIT CITY, Jan 23: The organizational committee of the International Invention Fair Middle East honored Zain, the leading telecommunications company in Kuwait, in recognition of the company’s strategic partnership of the event’s 9th edition. The event was held under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber …

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Kuwait’s bull run slows as volume breaches 1,000mn – NBK gains 20 fils; Zain pulls back

KUWAIT CITY, Jan 23: Kuwait bourse’s bull run slowed on Monday amid moderate profit taking. The price index climbed 37.84 pts in volatile trade to 6679.62 pts even as the liquidity breached the 1000 million mark  for the first time since May, 2013. The KSX 15 benchmark rose 7.9 pts …

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Kuwait soars 206.03 pts in broad rally; volume up – Biggest single day gain in over two years

KUWAIT CITY, Jan 22: Kuwait’s bourse soared in a broad rally on Sunday led by financial shares. The price index surged 206.03 pts — to 6,641.78 points — the biggest single day gain in 23 months. The market mood was markedly bullish even as liquidity breached fresh multi-year highs. The …

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Kuwait outperforms in strong Gulf – Tax fears continue to hit Egypt

DUBAI, Jan 22, (RTRS): Share prices in Kuwait jumped in very heavy trade on Sunday, the top performing market in a strong Gulf region, while tax fears continued to weigh on prices in Egypt. The Kuwaiti market index surged 3.2 percent, its biggest rise in more than two years, to …

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KFH welcomes CBK’s Sharia Supervisory Governance for banks – Regulations instill confidence in Islamic banking: Duwaishan

KUWAIT CITY, Jan 22: Kuwait Finance House (KFH) has welcomed the Central Bank of Kuwait (CBK)’s instructions and regulations regarding the role of Sharia Supervisory Boards in Islamic banks, including the latest instructions on “Shariah Supervisory Governance for Kuwaiti Islamic Banks. Islamic Banks would be given until December 31st, 2017 …

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