ARAB TIMES – KUWAIT NEWS THE FIRST ENGLISH LANGUAGE DAILY IN FREE KUWAIT الكويت
Every oil producer is hurt without exception, as the oil prices have hit rock-bottom. It is time to discuss about allotting at least the lowest …
Read More »As prices hit rock-bottom, time for producers to talk – Oil may reach $40 on output cuts
Business
Yields rise; sovereigns boost issuance
GCC debt yields were volatile in 2015 but finally moved higher in the second half of the year. Rising US rates and further declines in …
Read More »Kuwait indices gain, end losing streak – Market cap increases by 3.94%; volume soars 15.94%
Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,010.39 points, up by 1.30% from the week before …
Read More »Crude prices to average just over $40 in 2016 – $42.5 a barrel
LONDON, Jan 29, (RTRS): Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx …
Read More »KSE indices gain amid upbeat earnings – Market cap rises by 4.4 pct to KD 23.63 billion
KUWAIT CITY, Jan 29: The KSE indices all witnessed a close in positive, after a long interval of a negative closings, amid many counters reporting …
Read More »Iran pushes OPEC oil output to new high – 290,000 bpd rise in Jan
LONDON, Jan 29, (RTRS): OPEC oil production has jumped to its highest in recent history in January as Iran increased sales following the lifting of …
Read More »How Saudi ‘defended’ its US crude mkt share – 1.2m bpd since 2009
John Kemp is a Reuters market analyst. The views expressed are his own. — Editor By John Kemp LONDON, Jan 29, (RTRS): Saudi Arabia has …
Read More »Gulf Bank net profit rises 10% in 2015 – Bank’s total assets reach KD 5,438 million; 4 fils per share cash dividend recommended
KUWAIT CITY, Jan 28: Gulf Bank today announced an operating profit before provisions of KD 108 million for the year ended, 31 December 2015, and …
Read More »KFH posts KD 145.8 mln net profit for 2015 – Board recommends 17% cash dividends 10% bonus shares, 31.1 fils EPS
KUWAIT CITY, Jan 28: Kuwait Finance House (KFH) Chair-man, Hamad Abdulmohsen Al-Marzouq said that KFH, by the Grace of Allah and His Blessings, has posted …
Read More »Apple image bruised by slowing sales – Fears that ‘wow’ days over
SAN FRANCISCO, Jan 28, (AFP): Apple’s image took a bruising Wednesday amid signs of a shift from wowing the world with wonders to making steady …
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