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Saturday , August 8 2020

Business

Kuwait financial status solid -Finance Minister

KUWAIT, July 18: The minister, reacting to the latest statement by the global rating agency, Standard & Poor’s regarding Kuwait, said fixating Kuwait’s sovereign classification …

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CBK governor affirms strength of KD exchange rate

KUWAIT, July 18: Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Al-Hashel affirmed the financial strength of Kuwait and the resilience of the …

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SAB okays KD 1.102 bln contracts since March 12

KUWAIT CITY, July 18, (KUNA): Kuwait State Audit Bureau (SAB) said Monday it approved 545 out of 849 contracts since March 12 with a value …

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OPEC eases cuts in hope of a ‘vaccine’

Last week OPEC held a virtual meeting to discuss the oil market’s situation. Its decision to reduce its throughput by about two million barrels per …

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Oil sector cancels several huge tenders & projects to cut costs – Expats to be downsized

KUWAIT CITY, July 18: Kuwait Petroleum Corporation (KPC) and its subsidiaries have started to cancel a large number of unimportant tenders and contracts within the …

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Kuwait bourse indices incur losses in week’s final session

KUWAIT, July 16: Boursa Kuwait wrapped up its weekly operations on Thursday performing bearishly with All Share Market Index (the benchmark) shedding up to 41.50 …

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Zain posts resilient results for H1

Group records revenue of $2.6bn, net income of $273mn for H1 2020 Bader Al-Kharafi , Zain Vice-Chairman and Group CEO KUWAIT CITY, July 15: Zain …

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Shop owners, markets ‘fail’ to cash in on what they lost

KUWAIT CITY, July 15: The hopes of many shop owners and popular markets have evaporated in thin air as they were believing they could compensate …

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Bourse suffers huge loss – Banks cause concern

KUWAIT CITY, July 15: The Kuwait Stock Exchange Monday incurred severe losses worth KD 471 million, affected by several factors, as the General Index fell …

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Government floundering hits hard private business sector

MoCI receives dozens of requests to cancel commercial licenses KUWAIT CITY, July 15: The repercussions of the COVID-19 crisis on employers seem clearly evident, as …

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