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Saudi oil stance deepens OPEC split – Frustrated delegate declares OPEC ‘dead’

LONDON/DUBAI, May 6, (RTRS): As OPEC officials gathered this week to formulate a long-term strategy, few in the room expected the discussions would end without …

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Kuwait oil up

Kuwait oil price went up 61 cents on Thursday, reaching USD 39.46 per barrel (pb) against USD 38.85 pb last Wednesday, Kuwait Petroleum Corporation (KPC) …

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PM urges expansion of Kuwaiti oil industry worldwide – HH Sheikh Jaber extols KPI’s work on Vietnam

HANOI, May 5, (KUNA): Kuwait’s Prime Minister His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah stressed on Thursday the imperative to expand Kuwait’s oil industry operations …

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Saudi says market reforms effective by mid-2017 – Move to attract foreign investment

DUBAI, May 5, (RTRS): Saudi Arabia will implement by the middle of 2017 planned reforms to stimulate the stock market and open it wider to …

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China’s car buyers seek more room and comfort; boost for ‘minivans’ – E-cars, self-driving could revolutionise car interiors

BEIJING, May 5, (RTRS): Even as Chinese car buyers feed a boom in crossovers and sport utility vehicles (SUVs), automakers are looking ahead to the …

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KSE continues to tread water; volume recedes – Americana dips 40 fils; KIPCO flat

KUWAIT CITY, May 4: Kuwait stocks continued to tread water for the second straight session on Wednesday. The bourse eased 2.19 points to 5,373.17 points …

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Saudi firms faring better in era of austerity – More pain lies ahead

DUBAI, May 4, (RTRS): Saudi Arabian companies are faring better in an era of austerity than many investors feared, but they face more pain in …

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Iran oil exports above 2 mln bpd

DUBAI, May 4, (RTRS): Iran’s oil exports have risen above 2 million barrels a day, the official news agency IRNA reported on Wednesday, citing Mohsen …

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AUB first qtr net profit rises 5% to $154.6mn – Total operating income grows by 6.3% to $280.5 mn

MANAMA, May 4: Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 154.6 million for the quarter ended …

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ABK awarded ‘Bank of the Year’ by Arabian Business – Bank recognized for successful ‘Simpler Banking’ strategy

KUWAIT CITY, May 3: Al Ahli Bank of Kuwait (ABK) won the ‘Bank of the Year’ award from Arabian Business, one of the foremost business …

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