Home » Archives by category » Business (Page 171)

Foreign govts press Saudi on workers’ delayed wages

Posted by on 07/03/2016
Filed under Business, Middle East, Top Stories, World

Oil output freeze already in place: UAE – Crude prices expected to recover to $70 by 2020: Expert

Posted by on 07/03/2016
Filed under Business, Middle East, World

Oil output freeze already in place: UAE – Crude prices expected to recover to $70 by 2020: Expert

Oil output freeze already in place: UAE – Crude prices expected to recover to $70 by 2020: Expert

ABU DHABI: Emirati Oil Minister Suhail Al-Mazrouei said yesterday that current market prices are forcing most producers to freeze oil output levels, insisting it made “no sense” to pump more crude. “Current prices are forcing everyone to freeze. So I think it is happening as we speak,” Mazrouei told reporters in Abu Dhabi. “It does […]

Kuwait inflation edges up to 3.3% in December – NBK ECONOMIC REPORT

Posted by on 07/03/2016
Filed under Business

Kuwait inflation edges up to 3.3% in December – NBK ECONOMIC REPORT

Kuwait inflation edges up to 3.3% in December – NBK ECONOMIC REPORT

KUWAIT: Inflation in consumer prices edged upwards for the first time in three months in January. Headline inflation rose from 3.0 percent year-on-year (y/y) in December to 3.3 percent; core inflation (which excludes food inflation) also came in marginally higher at 2.8 percent. The pickup in the headline inflation rate was mostly driven by gains […]

Global, GCC markets remain under pressure – KFIC report capital markets for February

Posted by on 07/03/2016
Filed under Business

Global, GCC markets remain under pressure – KFIC report capital markets for February

Global, GCC markets remain under pressure – KFIC report capital markets for February

KUWAIT: Kuwait Finance and Investment Company (KFIC) clarified in its financial report for February; in which the report highlights the performance of the world’s major financial markets that there were negative returns. As the MSCI World Index in February fell by -1.0 percent. Along with the US equities that were measured by the S&P 500, […]

An oil output freeze would have a limited impact – Asiya Capital Investments Company Report

Posted by on 07/03/2016
Filed under Business

An oil output freeze would have a limited impact – Asiya Capital Investments Company Report

An oil output freeze would have a limited impact – Asiya Capital Investments Company Report

KUWAIT: The Russian energy minister announced on Tuesday that over 15 countries had already announced their intention to join the agreement. According to the Russian energy minister, that would be equivalent to 73 percent of global oil supply, a substantial success. That number seems to be exaggerated or inaccurate. Assuming that the United States, Canada, […]

Low oil prices put strains on currency pegs

Posted by on 06/03/2016
Filed under Business, Kuwait, Other News

Low oil prices  put strains on  currency pegs

Low oil prices put strains on currency pegs

KUWAIT: Weak oil prices pose a threat to Gulf Arab states’ currency pegs against the dollar, but the energy-rich region is unlikely to abandon the policy yet, analysts say. Bahrain, Oman, Qatar, Saudi Arabia and the United Arab Emirates all keep the values of their currencies fixed against the greenback, while Kuwait has a link […]

Mercedes-Benz Kuwait participates in GulfRun Car Show 2016

Posted by on 06/03/2016
Filed under Business

Mercedes-Benz Kuwait participates in GulfRun Car Show 2016

Mercedes-Benz Kuwait participates in GulfRun Car Show 2016

KUWAIT: Mercedes-Benz fans can prepare themselves for adrenaline and excitement as A R Albisher and Z Alkazemi Company confirms its participation in its eighth consecutive GulfRun Car Show. Taking place from 10 – 12 March at a new outdoor location, Murooj – Sahara golf club, the GulfRun Car Show is part of the annual GulfRun […]

Product of the Year Gulf Awards reinforces focus on innovation – Downtrend fails to dampen brands’ quest as awards attract consistent entries

Posted by on 06/03/2016
Filed under Business

Product of the Year Gulf Awards reinforces focus on innovation – Downtrend fails to dampen brands’ quest as awards attract consistent entries

Product of the Year Gulf Awards reinforces focus on innovation – Downtrend fails to dampen brands’ quest as awards attract consistent entries

KUWAIT: The overall market sentiment may look a bit challenging across sectors, but one award has inspired companies to buck the trend, so to say. The 2016 Product of the Year Gulf Awards (POY), renowned worldwide for its recognition of innovation, has once again reaffirmed its popularity with more and more companies implementing innovative business […]

Moody’s maintains Kuwait’s credit rating at Aa2

Posted by on 05/03/2016
Filed under Business

Moody’s maintains Kuwait’s credit rating at Aa2

Moody’s maintains Kuwait’s credit rating at Aa2

KUWAIT: Moody’s Investors Service has placed Kuwait’s Aa2 long-term issuer rating on review for downgrade. During the review, Moody’s will assess the extent of the impact of the further sharp fall in oil prices, which Moody’s expects to remain low for several years, on Kuwait’s economic performance and the balance sheet of its government in […]

NAPCO to sponsor Oman’s top runner Sami Al-Saidi

Posted by on 05/03/2016
Filed under Business

NAPCO to sponsor Oman’s top runner Sami Al-Saidi

NAPCO to sponsor Oman’s top runner Sami Al-Saidi

KUWAIT: In line with its corporate social responsibility (CSR), National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminium profiles in the GCC, has announced its sponsorship for Sami Al-Saidi, a top Omani runner and the winner of the fifth edition of the Muscat Marathon. The company will extend financial support to […]

Buoyant oil lifts Kuwait stock market – KFH Capital Market Report

Posted by on 05/03/2016
Filed under Business

Buoyant oil lifts Kuwait stock market – KFH Capital Market Report

Buoyant oil lifts Kuwait stock market – KFH Capital Market Report

KUWAIT: The KSE indices all witnessed a positive week, as oil prices surge, the market closed at 5,244.00 up by a 1.34 percent. The MUDX Islamic Index was also up by 1.01 percent to close at 512.82 points. While the KSX15 which comprises of the market blue chips closed at 854.63 up 16.44 points. Equities […]

KFH diamond sponsor of Kuwait Investment Forum on March 8-9 – Hamad Al-Marzouq Moderator of financing investment session

Posted by on 05/03/2016
Filed under Business

KFH diamond sponsor of Kuwait Investment Forum on March 8-9 – Hamad Al-Marzouq Moderator of financing investment session

KFH diamond sponsor of Kuwait Investment Forum on March 8-9 – Hamad Al-Marzouq Moderator of financing investment session

KUWAIT: Kuwait Finance House (KFH) announced its participation in the Kuwait Investment Forum slated for March 8-9 as a diamond sponsor emanating from its endeavors to be present at important economic forums and conferences to utilize its vast experience in demonstrating investment opportunities while discussing means of improving the economy and enhancing the investment climate […]