Oil rout forces OPEC to trim price expectations – Gulf delegate says market to...

DUBAI/LONDON: A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are...

Global gas demand mounts: OAPEC chief

KUWAIT: The world is witnessing mounting demand for natural gas largely because it is a clean source of energy and relatively friendly to the...

GCC corporate earnings1 fall by 7.2% in H1 of 2015 – MARKAZ ECONOMIC REPORT

KUWAIT: Kuwait Financial Centre “Markaz” stated that during 1H15, GCC corporates posted a negative 7.2% growth over H1 of 2014. Total earnings inH1 of...

Kuwait: Strong credit gains in June, growth at 5.2% – NBK ECONOMIC REPORT

KUWAIT: Credit growth in June was strong, but annual growth eased slightly to 5.2% y/y on basis effects. Lending was up by KD 453...

ABK receives STP excellence award from Standard Chartered Bank

KUWAIT: Al Ahli Bank of Kuwait (ABK) was recently presented the STP Excellence Award for the year 2014 from Standard Chartered Bank - New...

US stocks surge after China cuts rates – European markets recover losses

NEW YORK: Stocks surged yesterday morning on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates...

China needs to be more transparent – ASIYA CAPITAL INVESTMENTS REPORT

KUWAIT: On August 11, the Chinese renminbi (RMB) fell 1.8% against the US dollar, the sharpest daily decline since the currency was de-pegged from...

Toyota and Mohamed Naser Al Sayer launches new Hilux 2016 The Warrior – A...

KUWAIT: Toyota and Mohamed Naser Al Sayer (MNSS) today unveiled the new Hilux to mark the introduction of the eighth-generation of this legendary pickup...

Kuwait’s crude oil exports to China hit 3-month high

BEIJING: Kuwait’s crude oil exports to China in July hit a three-month high of 1.25 million tons, equivalent to 296,000 barrels per day (bpd),...

Bank ABC closes $320m syndicated Murabaha Financing Facility for KIB

KUWAIT: Kuwait International Bank KSC has successfully closed a debut syndicated Murabaha financing facility. The Facility was signed yesterday. Bahrainbased Bank ABC and Bank...

Kuwait banks drive earnings growth in H1 15 – NBK ECONOMIC REPORT

KUWAIT: Financial results for corporates listed on the KSE revealed strong growth in banking, real estate and financial services sectors during the first half...

Great fall of China sinks world stocks – Shanghai loses 9%, Dow opens more...

NEW YORK: World stock markets plunged yesterday, as a near 9-percent dive in China shares and a sharp drop in the dollar and major...

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18th Oct

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