New warrior to arrive in Kuwait today

KUWAIT: Mohamed Naser Al-Sayer Sons and Toyota Motor Corporation will reveal today the new Warrior in Kuwait. This trademark has earned reputation for its...

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...

Qatar backs labor reforms at home

Labor complaints mar 2022 World Cup DOHA: Qatar’s decision to commit to sweeping labor reforms may head off an international investigation into its treatment of...

World stocks plunge on oil, Fed worries

NEW YORK: World stock indexes fell while oil prices dropped yesterday amid persistent investor concerns about slowing growth in China and the prospect of...

Smaller UAE companies struggle for finance – Some banks cutting lending or recalling loans

DUBAI: Banks in the United Arab Emirates are cutting credit lines to small- and medium-sized businesses (SMEs) after a spate of defaults, posing a...

Tesla overtakes giant Ford in market capitalization

CHICAGO: Tesla has became the second-largest US car maker in terms of market capitalization, displacing Ford, whose sales lagged amid concerns about the ability...

Harvey to cost Texas $58 billion in losses

PARIS: Economic losses in Texas from Hurricane Harvey, which is still pounding the water-logged US state with rain, will be some $58 billion (49...

Kuwait financial regulator opens door for more sukuk issues

KUWAIT: Kuwait’s financial regulator has released rules covering issuance of Islamic bonds in a move that could facilitate sales of sukuk by both the...

China’s nuclear ambitions in troubled waters – Beijing racing to get unit into commercial...

BEIJING: China's ambitions to become a pioneer in nuclear energy are sailing into troubled waters. Two state-owned companies plan to develop floating nuclear reactors,...

Saudi Arabia’s legal revamp offers hope for cautious investors

RIYADH: Saudi Arabia's first comprehensive bankruptcy law went into effect last month, one of many reforms to the legal system that economists say may...

Oil markets remain under pressure in January – KAMCO Investment Research Report

KUWAIT: Continued high oil inventory levels globally during 2015 coupled with rising oil supply with OPEC producing at historical high production rates led to...

Kuwaiti oil price down 66 cents to $26.75pb

KUWAIT: The price of Kuwaiti oil dropped 66 cents on Friday reaching $26.75 per barrel (pb) compared with $27.41 pb on Thursday, said the...

E Paper

29th May