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Business

Carrier urges UN action against Gulf blockade – Gulf crisis threatens Qatar Airways transit business

DUBAI, June 12, (AFP): Qatar Airways has made Doha a global hub in just a few years, but barring it from Gulf states’ airspace threatens …

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Oil prices remain in the doldrums

Surveying the oil markets at the start of May, when prices were under pressure and ranging between $49-$51 per barrel (bbl), OPEC ministers could be …

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Kuwait ekes ‘modest’ gains in volatile trade – ABK rallies 35 fils; Ooredoo dips

KUWAIT CITY, June 12:  Kuwait stocks chalked a modest rebound on Monday following 2-day retreat. The price index climbed 20.18 points in volatile trade to …

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Huawei trains 33 Kuwaiti graduates, hires 8 – Part of Huawei Technologies Kuwait’s commitment to the country

KUWAIT CITY, June 11: Huawei Technologies, one of the leading global ICT solutions provider, recently held a congratulatory ceremony to mark the successful completion of …

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Kuwait bourse kicks off week on dull note – UPAC tumbles 90 fils; ALAFCO gains

KUWAIT CITY, June 11: Kuwait stocks pulled lower on Sunday extending last session’s losses. The bourse dropped 28.88 pts in choppy trade to 6,754.54 points …

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Qatar Petroleum says unaffected by Gulf crisis – Gas giant says mobilised resources to mitigate actions that could disrupt supplies

DOHA, June 11, (AFP): Energy giant Qatar Petroleum said in a statement on Saturday that it was “business as usual” despite a spiralling diplomatic crisis …

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Energy exports a lifeline for boycott-hit Qatar – Economic blockade threatening food imports, hitting aviation sector hard

KUWAIT CITY, June 10, (AFP): A Saudi-led diplomatic and economic blockade against Qatar may threaten food imports, but the tiny emirate still has a lifeline …

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Oil markets in need of deeper production cuts – Current rate ineffective, not workable

Immediately after the OPEC and non-OPEC producers agreed to extend the period of current oil production cuts by another three months until the end of …

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Crude prices fall stalls despite inventories glut – Gold retreats 1 percent

LONDON, June 10, (RTRS): Oil prices steadied on Friday after steep falls earlier in the week under pressure from widespread evidence of a fuel glut …

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ABCK announces newly elected BoDs – Boeing, KGL and Marafie sponsor business community event

KUWAIT CITY, June 8: The American Business Council Kuwait (ABCK) held elections for the Board of Directions at the monthly meeting that was held at …

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