Wednesday , October 18 2017

Business

Kuwait bourse eases 7.23 pts in dull trade – Ooredoo dips 40 fils; NBK flat

KUWAIT CITY, Sep 21: Kuwait stocks sagged on Wednesday extending the decline from the last session. The price index slipped 7.23 pts to 5,390.79 points even as the sentiment remained dull amid lack of catalysts and weak crude oil prices. The KSX 15 benchmark rose 0.57 pts to 814.33 points …

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Kuwait & Qatar ranked safest economies in GCC – Recalibration of growth initiatives to spillover to 2017

KUWAIT CITY, Sept 20: After recording an estimated $119 bn of budget deficits in 2015, mainly due to lower oil revenues, GCC budget deficits are forecasted to come in at over $153 bn in 2016, based on our analysis of IMF data for GCC countries. Lower oil receipts and spending …

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Emirates to charge for advance seat selection – Free no more

DUBAI, United Arab Emirates, Sept 20, (AP): The Mideast’s biggest airline, which touts luxuries like onboard showers and an extensive movie selection, is adding something a bit more down-to-earth for those in the back of the plane: charges to pick your own seat ahead of time. Dubai-based Emirates said on …

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KSE price index dips 32.45 pts; volume up – KFH slips 5 fils; KIPCO flat

KUWAIT CITY, Sept 20: Kuwait stocks swung south on Tuesday after listless trading in last two sessions. The bourse dipped 32.45 pts to 5,398.02 points amid selling in select counters. The heavyweights however were mostly subdued even as trading remained largely anemic. The KSX 15 benchmark inched 0.8 pts lower …

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Outlook for Kuwait’s banking system stable, says Moody’s – Govt spending to continue despite low oil prices

LONDON, Sept 19: Moody’s Investors Service’s outlook for Kuwait’s banking system remains stable, reflecting the rating agency’s expectation of continued government spending and growing lossabsorbing buffers, which will allow banks to manage modest new problem loan formation and balances an increase in market funding reliance that the rating agency expects …

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Kuwait non-oil sector remains ‘robust’: NBK

KUWAIT CITY, Sept 19, (KUNA): Kuwait’s non-oil economic sector has maintained growth despite decline of oil prices by more than 50 percent over the past two years, according to a report released by the National Bank of Kuwait (NBK), on Monday. This sector grew in 2016 and is forecast to …

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OPEC crude prices climb 41 pct reaching $42.3 pb in Q2: OAPEC – Opec may call extra meeting if consensus at Algiers: Sec Gen

KUWAIT CITY, Sept 18, (Agencies): OPEC’s oil price rose $12.3, some 41 percent, during Q2 2016 as compared to the year’s Q1, reaching $42.3 per barrel, according to a report released by the Organization of Arab Petroleum Exporting Countries (OAPEC). Continuing drop of the US crude output, supplies’ disruption in …

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ABK Adopts KISR banking system for visually impaired – Enhancing its services in support of the special needs segment in Kuwait

KUWAIT CITY, Sept 18: Building on its CSR efforts to support those with special needs, Al Ahli Bank of Kuwait (ABK) adopted the latest banking system designed to support the visually impaired, which has been developed and implemented by the Kuwait Institute for Scientific Research (KISR). ABK honored KISR by …

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KSE reopens after Eid break, sheds 3.05 pts – NBK drops 10 fils; Zain unchanged

KUWAIT CITY, Sept 18: Kuwait stocks edged lower on Sunday as the market reopened after week-long Eid holidays. The key index eased 3.05 points in tardy trading to 5,426.36 points even as stocks closed mixed in absence of catalysts. The KSX 15 slipped 5.1 pts to 810.48 points paring the …

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