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Business

Saudi to issue about 20bn riyals of local bonds – Bid to fund budget deficit

DUBAI, June 21, (RTRS): Saudi Arabia’s government will sell about 20 billion riyals ($5.3 billion) of domestic bonds to banks next Monday, the Maaal financial …

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Kuwaiti oil price

The price of Kuwaiti oil went up by USD 2.02 to reach USD 44.62 per barrel (pb) on Monday after being at USD 42.60 pb …

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KFH-Bahrain finances construction of 3,000 residential units projects – Bank supports development projects, economic growth in Bahrain: Al-Marzouq

KUWAIT CITY, June 20: “Kuwait Finance House (KFH) supports the initiatives that meant to attract innovative projects, boost the economy in the Kingdom of Bahrain …

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High public investment underpins growth

Relatively high public investment will continue to underpin Qatari economic growth, especially in the non-hydrocarbon sector. Coupled with output gains in the hydrocarbon sector related …

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KSE retreats 25.83 pts as profit taking weighs – NBK drops 20 fils; Americana soars

KUWAIT CITY, June 20: Kuwait stocks retreated on Monday as profit taking kicked in after the strong rally in the previous session. The price index …

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Iran reaches deal to buy 100 Boeing planes – Sale must be approved by US government

TEHRAN, June 19, (AFP): Iran said Sunday it has reached an agreement with American aerospace giant Boeing to purchase 100 aircraft to renew its ageing …

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Food major Americana re-traded at KSE – Move follows conclusion of stake sale deal

KUWAIT CITY, June 19, (KUNA): Nutrition giant Americana’s shares returned to trading on Sunday after the company’s clarification about a sales deal between Al Khair …

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Kuwait index rallies on Americana stake deal – Ooredoo vaults 40 fils; Zain stagnates

KUWAIT CITY, June 19: Kuwait stocks saw solid rebound on Sunday after see sawing in the previous session. The price index rallied 62.67 pts to …

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Qatar warns of cost overruns, delays in projects – Govt predicts at least 3 years of budget deficit

DOHA, June 19, (Agencies): A $200 billion infrastructure programme launched by Qatar could see higher costs and delays because of the slump in oil prices, …

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Dubai group pays $2.4 bln for control of Kuwait’s Americana – Deal appears to end one of region’s longest running acquisition sagas

DUBAI, June 18, (RTRS): An investment group led by prominent Dubai businessman Mohamed Alabbar has agreed to buy a majority stake in Kuwait Food Co …

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