Sunday , December 17 2017


Kuwait bourse edges up in volatile trading – KFH slips 5 fils; Humansoft Holding jumps

KUWAIT CITY, Nov 7: Kuwait stocks nudged higher on Monday extending the gains to third straight session. The bourse rose 4.06 pts in volatile trade to 5,443.24 pts as investors kept a wary eye on the retreating oil prices. The banks were mostly subdued while the board remained broadly mixed. …

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OPEC chief says oil cooperation with non-member producers key – Global oil supply glut is almost gone: UAE minister

ABU DHABI, Nov 7, (AFP): Coordination between members of oil-exporting cartel OPEC and non-member producers is “vital” to rebalance the market, OPEC chief Mohammad Barkindo said Monday. “We believe it is vital that both OPEC and non-OPEC countries come together and take coordinated … action to rebalance this market for …

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AUBK posts net operating profit of KD 54.7 mln – Total assets reach KD 4.04 bln, up 4.8% for period ending 30 Sept, 2016

KUWAIT CITY, Nov 6: Ahli United Bank, Kuwait, announced its results and financial statements for the  third quarter ending Sept 30, 2016, following the endorsement of the statements by the Bank’s Board of Directors and the approval of the Central Bank of Kuwait. Dr Anwar Al-Mudhaf, Chairman, stated “These promising …

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Kuwait bourse bounces 29.82 pts; volume soars – NBK gains 10 fils; Americana flat

KUWAIT CITY, Nov 6: Kuwait stocks swung higher on Sunday after eking modest gains in the previous week. The price index climbed 29.82 pts in choppy trade to 5,439.2 points helped by renewed by in select counters led by banks and financial shares. The KSX 15 benchmark rallied 8.35 pts …

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Ooredoo meets Kuwait Blind Association – We are continuously striving to find solutions to serve our handicapped customers: Al Alayoub

KUWAIT CITY Nov 6: Ooredoo, Kuwait’s fastest network for 2016, emphasized its support for the Kuwait Blind Association in a meeting attended by representatives from association, which included the President of the Kuwait Blind Associaiton, Fayez Al-Azmi, Treasurer of the Kuwait Blind Association, Mansour Al-Anezi, and Public Relations Manager of …

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Tijari records net profit of KD 27.5 mln for 9M – Total assets reach KD 4,047 million

KUWAIT CITY, Nov 5: Commercial Bank of Kuwait announced net profit of KD 27.5 million for the nine months period of 2016 compared with KD 25.4 million of same period last year, a growth of 8.2  percent. The fee income witnessed year on year growth of 8.8 percent, foreign exchange …

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Bumpy road to Vienna – Outlook not promising

With less than 25 days remaining for the crucial OPEC meeting in Vienna, the outlook towards a complete agreement does not seem promising. Despite the verbal agreement reached last September in Algiers to cut down or maintain production, the opposite has taken place with all the brothers of OPEC. The …

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Al Mazaya posts KD 6.84 mln net profit for Q3 – Company’s operating income grows to KD 42.53 mln; EPS 11.01 fils

KUWAIT CITY, Nov 5: Al Mazaya Holding (KSCP) announced its financial results for the third quarter of 2016. The company achieved a net profit of KWD 6.84 million in the third quarter, compared to KWD 6.73 million in the corresponding period in 2015. Earnings per share reached KWD 11.01 fils, …

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Saudis threaten to raise oil output again – Sparring with Iran returns

DUBAI/LONDON, Nov 4, (RTRS): Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of OPEC experts last week, with Riyadh threatening to raise oil output steeply to bring prices down if Tehran refuses to limit its supply, OPEC sources say. Clashes between the two OPEC heavyweights, which …

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