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Oil stock close to ‘balance’, barrel stubbornly below $56 – Weak demand weighs on crude prices

If the global oil stock is close to balancing out, why then is the barrel price hovering around the $55 level and not jumping to …

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Khalaf Al Habtoor receives prestigious award – Golden Peacock Lifetime Achievement Award

DUBAI, UAE, April 20: Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group was honoured with the Golden Peacock Lifetime Achievement Award for Business and …

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Is it a bird? Is it a plane? Flying car to go on sale

It may not be quite like the Jetsons, but for a few hundred thousand dollars you too can soon fly around in a car. A …

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Saudi, Kuwait signal output cut extension – Iraq could ask to be exempted

ABU DHABI, April 20, (RTRS): Leading Gulf oil exporters Saudi Arabia and Kuwait gave a clear signal on Thursday that OPEC plans to extend into …

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Company presents ‘Al Tijaria Elite’ cards to AOU students – Al Tijaria participates in Health & Safety Expo

KUWAIT CITY, April 19: The Commercial Real Estate Company participated in the Health and Safety Expo that was organized by the Arab Open University on …

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Kuwait bourse slides amid drop in volume – KFH sheds 20 fils; Ooredoo flat

KUWAIT CITY, April 19: Kuwait stocks spiraled downwards on Wednesday as it extended its losses to fifth consecutive session. The bourse, after a tame start, …

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AUBK posts 10% growth in Q1 net financing income – Bank records net profit of KD 16 mn in first quarter

KUWAIT CITY, April 19: The Bank’s revenue from core net financing activities grew by 10% amounting to KD 23.4 million during Q1 2017, up from …

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Kuwait’s economy to shrink by 0.2% this year: IMF – Oil output cuts pressure Mideast economic growth

DUBAI, April 18, (AFP): Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed at propping …

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Gulf Bank exclusive sponsor of INJAZ Kuwait’s competition – Top ideas selected as winner in ‘Entrepreneurship Masterclass Competition’

KUWAIT CITY April 18: Gulf Bank is proud to have exclusively sponsored INJAZ Kuwait’s ‘Entrepreneurship Masterclass Competition’, for high school students in government schools. The …

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Moroccan King urges Arab financial groups to boost development funding

Moroccan King Mohammad VI called on Arab financial institutions Tuesday to increase their funding for development projects in Arab countries. King Mohammad VI, in a …

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