Tag archive for ‘Kuwait’
By Melanie Mingas On Sunday, August 2nd, 2015
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Gulf infrastructure projects up 78% to $86bn

Awards for commercial and civil infrastructure projects in the Gulf region reached values of $86bn in 2014, up 78% on 2013 contract awards. The materials handling sector has seen huge gains on the back of the announcements More...

By Melanie Mingas On Thursday, July 30th, 2015
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Drake and Scull secures AED1.57bn in project awards YtD

Drake & Scull International PJSC (DSI) has announced its total projects year to date are valued at AED1.57bn, following the award of a prestigious contract in Kuwait, worth AED216m. The MEP contract is for a More...

By Staff writer On Sunday, February 15th, 2015
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70 world oil experts to address int’l safety conf.

70 world oil experts to address int’l safety conference Some world oil experts are expected to partake in the Kuwait International Health, Safety & Environment (KIHSE) Conference & Exhibition due here More...

By Staff writer On Saturday, February 14th, 2015
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Kuwait maintains stable outlook

oil In view of the sharp fall in international oil prices in recent months, Standard and Poor’s has significantly revised down its oil price assumptions for 2015-18, affirming Kuwait’s AA/A-1+ rating. “We More...

By Staff writer On Friday, February 13th, 2015
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Kuwaiti oil price crude barrel down to USD 50.78 pb

Kuwaiti oil price crude barrel down to USD 50.78 pb Kuwaiti crude oil price went down Wednesday by USD 0.72 to settle at USD 50.78 pb as opposed to USD 51.50 pb Tuesday, said Kuwait Petroleum Corporation (KPC) on More...

By Staff writer On Friday, February 13th, 2015
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KSE concludes week’s trading on mixed boards

kuwait stock exchange Kuwait Stock Exchange (KSE) on Thursday concluded the week trading with main indices settling on mixed board. Price index read 6,695, while the weighted and price indices rose, respectively More...

By Staff writer On Thursday, February 12th, 2015
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KSE ends trading bearishly

Kuwait Stock Exchange The Kuwait Stock Exchange (KSE) ended trading on Wednesday bearishly, with the price index shedding 32.3 points dropping to 6,702 points, while the weighted index lost 1.66 and the KSK 2.35 More...

By Staff writer On Wednesday, February 11th, 2015
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QPIC posts KD 14.9 mln profit in 9 months

Qurain Petrochemical Industries Company (QPIC) The Qurain Petrochemical Industries Company (QPIC) announced on Tuesday a net profit of KD 14.9 million (USD 50.8 million) in the nine months of 2014, an increase of More...

By Staff writer On Wednesday, February 11th, 2015
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KSE ends Monday’s trading on mixed board

Kuwait Stock Exchange The Kuwait Stock Exchange (KSE) ended Tuesday’s trading on mixed board as the price index lost 13.7 points, reaching 6,735 points while the KSX 15 went up 4.92 points and the weighted More...

By Staff writer On Tuesday, February 10th, 2015
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Kuwait’s real estate sales hit KD 4.3bln in 2014

Kuwait’s real estate sales hit KD 4.3bln in 2014 The Kuwait’s real estate market closed 2014 on a positive note, as the year saw record sales of KD 4.3 billion, a specialized report showed Monday. The More...

By Staff writer On Tuesday, February 10th, 2015
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Kuwait, Ukraine mull closer economic ties

Kuwait Chamber of Commerce and Industry (KCCI) The Kuwait Chamber of Commerce and Industry (KCCI) has affirmed its keenness on achieving closer relations with Ukraine, especially the economic ties between the two More...

By Staff writer On Monday, February 9th, 2015
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Kuwait to host 2015 Middle East Investment Conf. on Tuesday

middle east investment conference 2015 Kuwait will host on Tuesday the 2015 Middle East Investment Conference sponsored by the Citibank and to be attended by Minister of Finance Anas Al-Saleh. The conference will More...

By Staff writer On Monday, February 9th, 2015
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KSE main indices settle in green zone

kuwait stock exchange Kuwait Stock Exchange (KSE) closed Sunday’s session with the three key indices settling in the green zone. Prince index climbed 55 points to 6,755, while the weighted index and KSX 15 More...

By Staff writer On Saturday, February 7th, 2015
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Kuwaiti oil crude barrel down USD 2.39, reaching USD 48.28

Kuwaiti oil crude barrel down USD 2.39, reaching USD 48.28 Price of Kuwaiti crude oil barrel went down USD 2.39 reaching USD 48.28 per barrel on Thursday, compared to USD 50.67 per barrel on Wednesday, according More...

By Staff writer On Friday, February 6th, 2015
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KSE gains favorable incentives in week’s trading

kuwait stock exchange The hike in Kuwait Stock Exchange (KSE) trading this week was the outgrowth of a set of positive incentives, primarily flowing corporate disclosure reports on 2004’s financial performance, More...

By Staff writer On Thursday, February 5th, 2015
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Trade volume with UK reached USD 6.1 bln in ’14

Kuwait Trade volume with UK reached USD 6.1 bln in ’14 The trade volume with the United Kingdom reached GBP four billion (USD 6.1 billion) in 2014, Director General of Kuwait Direct Investment Promotion Authority More...

By Staff writer On Thursday, February 5th, 2015
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KSE ends Wednesday’s session in green zone

Kuwait Stock Exchange Kuwai Stock Exchange (KSE) ended Wednesday in the green zone as the weighted index gained 2.81 points, reaching 447.5, the price index gained 13.1 points, recording 6,708.4 and the KSX 15 put More...

By Staff writer On Wednesday, February 4th, 2015
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KSE indices mixed at closing of Tuesday’s session

kuwait stock exchange Kuwait Stock Exchange (KSE) indices settled on mixed boards at end of Tuesday’s session with the weighted index going up, posting a gain of 0.07 points. Price index follow the pursue More...

By Staff writer On Tuesday, February 3rd, 2015
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KSE indices mixed at closing of Monday’s session

kuwait stock exchange Kuwait Stock Exchange (KSE) indices settled on mixed boards at end of Monday’s session with the weighted index dropping to the level of 444.65 points, posting marginal loss of 0.7 points. However, More...

By Staff writer On Monday, February 2nd, 2015
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KSE indices rise

kuwait stock exchange Kuwait Stock Exchange (KSE) indices rose upon closing Sunday’s session, with the price index gaining 64.4 points reaching the level of 6,636 points. Weighted index rose 3.51 points and More...

By Staff writer On Sunday, February 1st, 2015
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Random profit-collecting sales drive KSE indices down

Kuwait Stock Exchange (KSE) Kuwait Stock Exchange (KSE) ended last week in the red zone driven by a strong and random sale-for-profit trend, a specialized economic report showed Saturday. The report, issued by Bayan More...

By Staff writer On Friday, January 30th, 2015
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KSE ends week’s trading in red zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Thursday’s trading in the red zone as the weighted index lost 1.91 points, recording 441.84 points, the price index dropping 64.33 points, reaching 6,572.26 More...

By Staff writer On Friday, January 30th, 2015
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Kuwaiti-S. Korean’s eco. ties “excellent” – Sheikh Dr. Mohammad Al-Sabah

Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah, Minister of Foreign Affair The economic relation between South Korea and Kuwait is excellent and continuously progressing, Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah More...

By Staff writer On Thursday, January 29th, 2015
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KSE ends Wednesday’s session in green zone

Kuwait Stock Exchange (KSE) Kuwait Stock Exchange (KSE) ended Wednesday’s session in the green zone as the weighted index gained 1.92 points, reaching 443.75 points, the price index went up by 21.15 points, More...

By Staff writer On Wednesday, January 28th, 2015
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KSE ends Tuesday’s trading in red zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Tuesday in the red zone as the weighted index lost 2.53 points, recording 441.83 points, the price index dropping 43.82 points, reaching 6,615.44 points, and More...

By Staff writer On Tuesday, January 27th, 2015
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Kuwait’s trade surplus with Japan narrows for second month

Kuwait’s trade surplus with Japan narrows for second month Kuwait’s trade surplus with Japan narrowed 21.7 percent in December to JPY 84.1 billion (USD 713 million) from a year earlier, shrinking for More...

By Staff writer On Tuesday, January 27th, 2015
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KSE ends Monday’s trading in red zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Monday in the red zone as the weighted index lost 1.24 points, recording 444.36 points, the price index dropping 3.55 points, reaching 6,659.26 points and More...

By Staff writer On Friday, January 23rd, 2015
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KSE ends Thursday’s trading in green zone

kuwait stock exchange The Kuwait Stock Exchange (KSE) ended Thursday’s session in the green zone as the price index recorded 6,662.8 points, gaining 0.11 points, the weighted index closed at a gain of 0.43 More...

By Staff writer On Thursday, January 22nd, 2015
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KSE ends Wednesday’s session in green zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Wednesday’s session in the green zone as the price index gained 16.8 points, reaching 6,662 points, the weighted index gained 2.9 points and 12.6 points More...

By Staff writer On Wednesday, January 21st, 2015
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NBK posts KD 261.8 mln in 2014 profits

NBK posts KD 261.8 mln in 2014 profits The National Bank of Kuwait (NBK) has reported net profits of KD 261.8 million (USD 894.2 million) for the year 2014 compared with KD 238.1 million (USD 813.3 million) in 2013, More...

By Staff writer On Wednesday, January 21st, 2015
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KSE ends Tuesday’s trading on mixed board

Kuwait Stock Exchange (KSE) Kuwait Stock Exchange (KSE) ended Tuesday’s trading on mixed board as the price index gained 22.46 points, reaching 6645.86 points, the weighted index lost 1.34 points and the KSX More...

By Staff writer On Monday, January 19th, 2015
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KSE ends Monday’s trading in red zone

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended Monday in the red zone as the weighted index lost 1.79 points, recording 443.53 points, the price index dropped 28.04 points, reaching 6,623.4 points and the More...

By Staff writer On Monday, January 19th, 2015
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KSE ends Sunday’s trading on positive note

kuwait stock exchange The Kuwait Stock Exchange (KSE) ended Sunday’s session in the green zone as the price index recorded 6,651 points, gaining 25 points. The weighted index closed at 445.32 points, gaining More...

By Staff writer On Sunday, January 18th, 2015
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KFAED opens emergency center in Beirut

Kuwait Fund for Arab Economic Development (KFAED) inagurates emergency center in the Southern Suburb of Beirut The Kuwait Fund for Arab Economic Development (KFAED) has launched a USD-4.5-million emergency center More...

By Staff writer On Sunday, January 18th, 2015
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Kuwait crude oil price soars USD 0.41 to USD 40.85 pb

Oil The price of Kuwait crude oil per barrel slightly increased by USD 0.41 to stand at USD 40.85 pb in Friday’s trading compared to USD 40.44 pb on Thursday, Kuwait Petroleum Corporation (KPC) said on Saturday. On More...

By Staff writer On Saturday, January 17th, 2015
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Kuwaiti delegation visits KFAED-funded Safi Port in Morocco

Kuwaiti delegation visits KFAED-funded Safi Port in Morocco A delegation of outstanding Kuwaiti female students paid a visit to the project of Port of Safi funded by the Kuwait Fund for Arab Economic Development More...

By Staff writer On Friday, January 16th, 2015
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Jazeera Airways to sell 15 planes for KD 149 mln

Jazeera Airways to sell 15 planes for KD 149 mln Jazeera Airways Group announced Thursday the sale of 15 Airbus A320 aircraft owned by the Group’s fully-owned Sahaab Aircraft Leasing for USD 507 million (KD More...

By Staff writer On Friday, January 16th, 2015
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Lebanese PM meets KFAED delegation

Tammam Salam, Lebanese Prime Minister meets KFAED delegation Lebanese Prime Minister Tammam Salam received here on Thursday a delegation from Kuwait Fund for Arab Economic Development (KFAED), led by the Fund’s More...

By Staff writer On Friday, January 16th, 2015
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KSE closes in mixed boards

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended Thursday’s session in mixed boards as the price index closed up by 10.96 points to 6,598 points while the weighted and KSX 15 indexes closed down by More...

By Staff writer On Thursday, January 15th, 2015
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KSE ends Wednesday’s trading on positive note

kuwait stock exchange The Kuwait Stock Exchange (KSE) ended Wednesday’s session in the green zone as the price index gained 15.4 points, reaching 6587 points, the weighted index gained 1.74 points and the More...

By Staff writer On Wednesday, January 14th, 2015
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KSE ends Tuesday’s trading on positive note

kuwait stock exchange The Kuwait Stock Exchange (KSE) ended Tuesday’s session in the green zone as the price index closed at 6,572.23 points, gaining 11.21 points. The weighted index closed at 443.04, gaining More...

By Staff writer On Monday, January 12th, 2015
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KSE ends Sunday’s trading in green zone

kuwait stock exchange The Kuwait Stock Exchange (KSE) ended Sunday’s session in the green zone as the price index recorded 6,562.98 points, gaining 71.91 points, the weighted index closed at a gain of 5.01 More...

By Staff writer On Sunday, January 11th, 2015
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Kuwaiti oil barrel drops 29 cents, reaches USD 43.21

oil The price of Kuwaiti oil barrel dropped 29 cents reaching USD 43.21 on Friday, compared to USD 43.50 per barrel on Thursday, said Kuwait Petroleum Corporation (KPC) on Saturday. Oil prices in international markets More...

By Staff writer On Saturday, January 10th, 2015
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Kuwait crude oil price up USD 1.05 to USD 43.50 pb

Oil The price of Kuwaiti oil went up by USD 1.05 to settle at USD 43.50 per barrel Thursday after being at USD 42.45 Wednesday, said Kuwait Petroleum Corporation (KPC) here Friday. Oil prices went up in the global More...

By Staff writer On Friday, January 9th, 2015
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KSE ends week in green, partial correction

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended the trading week up Thursday, in what appeared to be a partial correction after losses of the past four sessions, as all indices closed in green zone, and More...

By Staff writer On Friday, January 9th, 2015
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Role of private sector crucial in Kuwaiti-Iranian economic ties

Role of private sector crucial in Kuwaiti-Iranian economic ties Emphasis on the role of the private sector in pushing along bilateral economic relations between Iran and Kuwait cannot be overstated, said Iranian More...

By Staff writer On Thursday, January 8th, 2015
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Kuwaiti crude down to USD 44.64 pb

Kuwaiti crude down to USD 44.64 pb The price of Kuwaiti crude oil went down Tuesday by USD 2.72 to USD 44.64 per barrel compared with USD 47.36 pb on Monday, said the Kuwait Petroleum Corporation (KPC) Wednesday. On More...

By Staff writer On Thursday, January 8th, 2015
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KSE ends Wednesday’s trading on positive note

kuwait stock exchange The Kuwait Stock Exchange (KSE) ended Wednesday’s session in the green zone as the price index recorded 6,423.21 points, gaining 25.3 points, the weighted index closed at 431.12 points, More...

By Staff writer On Wednesday, January 7th, 2015
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KSE ends Tuesday in red zone

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Tuesday’s session in the red zone as the Price Index lost 99.2 points, reaching 6397 points, the Weighted Index dropped 5.6 points and KSX 15 lost 15.1 More...

By Staff writer On Wednesday, January 7th, 2015
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Sharp drop in oil price eats into stocks

Sharp drop in oil price eats into stocks The stock market was hammered hard today by the steep slide in the price of oil, leaving the way wide open for many speculators to take advantage of that and of the ensuing More...

By Staff writer On Wednesday, January 7th, 2015
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Iranian economic delegation begins visit to Kuwait

Iranian economic delegation begins visit to Kuwait An Iranian delegation headed by Economic Affairs and Finance Minister Ali Tayebnia began Tuesday a visit to Kuwait where they are expected to meet with local officials More...

By Staff writer On Wednesday, January 7th, 2015
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Kuwait’s real estate sales hit KD 413 mln in Nov

Kuwait’s real estate sales hit KD 413 mln in Nov Kuwait’s real estate market had one of its best months of 2014 in November, with sales totalling KD 413 million, an economic report showed here on Tuesday. Across More...

By Staff writer On Tuesday, January 6th, 2015
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KPC announces January Propane, Butane gas prices

Kuwait Petroleum Corporation (KPC) Kuwait Petroleum Corporation (KPC) announced in a press statement on Monday its January prices for Propane and Butane gas. The price of the metric ton of Propane is set at USD More...

By Staff writer On Tuesday, January 6th, 2015
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KSE closes in mixed boards

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended Monday’s session in mixed boards as the price index fell by 49.67 points to 6,497.11 points, while the weighted and KSX 15 indices went up by 0.16 points More...

By Staff writer On Tuesday, January 6th, 2015
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Kuwait, Iran ready for stronger economic, trade ties

Kuwait, Iran ready for stronger economic, trade ties Kuwait and Iran are eager to enhance their bilateral economic and trade ties that have already been steadily progressing. Exchange of officials’ visits More...

By Staff writer On Monday, January 5th, 2015
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Flights increase between Kuwait, Egypt reflects deep-rooted ties

Flights increase between Kuwait, Egypt reflects deep-rooted ties Kuwait and Egypt share strong touristic relations with the increasing numbers of flights exchanged between the two countries. A survey done by Kuwait More...

By Staff writer On Monday, January 5th, 2015
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KSE closes in mixed boards

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Sunday’s session in mixed boards as the price index went up by 11 points to 6,546 points, while the weighted and KSX 15 indexes fell by 2.33 points and More...

By Staff writer On Sunday, January 4th, 2015
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Kuwait crude oil price up to USD 51.35 pb

oil barrel The price of Kuwait crude oil per barrel rose USD 0.86 to stand at USD 51.35 pb in Friday’s trading compared to USD 50.49 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said on Saturday. The More...

By Staff writer On Friday, January 2nd, 2015
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Money supply rises by 2.7 pct in Nov. – CBK

Central Bank of Kuwait The Central Bank of Kuwait (CBK) on Thursday said local money supply (M2) rose by 2.7 percent in November, compared to October, to hit KD 33.7 billion. According to the CBK Economic Research More...

By Staff writer On Friday, January 2nd, 2015
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KSE ends difficult “2014”, eyes robust “2015”

kuwait stock exchange The Kuwait Stock Exchange (KSE) has ended a difficult year of severe fluctuations and hard times, hoping that the new year will bring new opportunities to reach stability and offset its losses, More...

By Staff writer On Friday, January 2nd, 2015
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Kuwaiti investments rank 3rd in Jordan’s stock exchange

Jordan stock exchange Kuwaiti investments came third at the Jordanian stock exchange at the end of 2014, amounting to USD 1.6 billion, making up 6.5 percent of the listed shares. The number of Kuwaiti investors More...

By Staff writer On Friday, January 2nd, 2015
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Kuwaiti crude down to USD 50.49 pb

oil The price of Kuwaiti crude oil went down Wednesday by USD 0.21, settling at USD 50.49 per barrel after being at USD 50.70 pb the day before, said the news bulletin for Kuwait Petroleum Corporation (KPC) Thursday. In More...

By Staff writer On Thursday, January 1st, 2015
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KSE ends 2014 in green zone

Kuwait Stock Exchange (KSE) The Kuwait Stock Exchange (KSE) ended the last trading session of the year on Wednesday with a rise, supported by selective purchase of several shares, especially stocks that fell on More...

By Staff writer On Thursday, January 1st, 2015
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Kuwaiti crude down USD 2.2 to USD 50.70 pb

Oil The price of Kuwait’s crude oil dropped by USD 2.2 on Tuesday, to USD 50.70 per barrel (pb), compared to USD 52.90 pb on Monday, said Kuwait Petroleum Corporation (KPC) on Wednesday. International crude More...

By Staff writer On Wednesday, December 31st, 2014
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KSE closes in red

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Tuesday’s session in the red zone as the price, weighted and KSX 15 indexes fell to 6,510 points, 1.9 points and 0.21 points respectively. A total of More...

By Staff writer On Wednesday, December 31st, 2014
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Kuwaiti oil drops USD 1.99, reaches USD 52.90 pb

Kuwaiti oil drops USD 1.99, reaches USD 52.90 pb The price of Kuwaiti oil dropped USD 1.99 on Monday, reaching USD 52.90 per barrel (pb), compared to USD 54.89 pb last Wednesday, said Kuwait Petroleum Corporation More...

By Staff writer On Tuesday, December 30th, 2014
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Kuwait inflation down 3 percent in October

Kuwait inflation down 3 percent in October The inflation in the consumer price index (CPI) eased slightly to 3 percent year-on-year (y/y) in October, as inflation in most components slowed, showed a report by the More...

By Staff writer On Tuesday, December 30th, 2014
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Energy Min. says Bahrain to implement several development projects

Dr. Abdulhussein bin Ali Mirza, Minister of Energy Minister of Energy Dr. Abdulhussein bin Ali Mirza has said that the kingdom of Bahrain will develop water and electricity networks worth up to 1.5 million Bahraini More...

By Staff writer On Tuesday, December 30th, 2014
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KFH concludes USD 350mln Syndicated Club Murabaha facility for KFH

KFH concludes USD 350mln Syndicated Club Murabaha facility for KFH Kuwait Finance House (KFH) has announced the successful conclusion of USD 350 Mln syndicated club murabaha facility for KFH-Turkey. In a press release, More...

By Staff writer On Tuesday, December 30th, 2014
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KSE ends Monday in red

Kuwait Stock Exchange Kuwait Stock Exchange (KSE) ended Monday’s session in the red zone as the price index recorded 6,627 points, shedding 52.2 points, the weighted index at 440.1 points (-4.24) and the KSX More...

By Staff writer On Monday, December 29th, 2014
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State expenditure in FY 2014/2015 to reach KD 23.2 billion

Adnan Abdualsamad, Chairman of the National Assembly’s State Budget Committee The state expenditure is expected to amount to KD 23.2 billion in the fiscal year of 2014/2015, said Chairman of the National Assembly’s More...

By Staff writer On Monday, December 29th, 2014
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KSE sees early pleasing closures to 2014

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Sunday trading session up due to an overall buying wave by investors, some portfolios and investment funds, targeting communication shares in particular. The More...

By Staff writer On Sunday, December 28th, 2014
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KSE makes up for previous weeks’ losses

kuwait stock exchange Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 6,577.81 points, up by 5.58 percent from the week before closing, the Weighted Index increased by 5.95 More...

By Staff writer On Saturday, December 27th, 2014
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Credit activity rises by 5.4 pct in Oct – KFH

Kuwait Finance House (KFH) Local credit activity rose by 5.4 percent last October, compared to the same month last year, to hit KD 30.4 billion, Kuwait Finance House (KFH) has said. This is down by 1 percent compared More...

By Staff writer On Friday, December 26th, 2014
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Kuwaiti oil barrel up by 85 cents, reaches USD 54.89

oil barrel The price of Kuwaiti oil barrel rose by 85 cents on Wednesday reaching USD 54.89, compared to USD 54.04 per barrel on Tuesday, according to Kuwait Petroleum Company (KPC). International oil markets are More...

By Staff writer On Friday, December 26th, 2014
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KSE bounces as oil prices rise, nat’l portfolio interfers

KSE bounces as oil prices rise, nat’l portfolio interfers The rise of oil prices and purchase deals led by the national portfolio targeting operational shares, and the return of general confidence have pushed More...

By Staff writer On Friday, December 26th, 2014
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KSE ends Thursday on mixed board

kuwait stock exchange Kuwait Stock Exchange (KSE) ended Thursday’s session on mixed board as the price index rose by 31 points reaching 6,577 points, while the weighted index dropped 1.9 points and the KSX More...

By Staff writer On Friday, December 26th, 2014
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Commerce Minister issues executive regulations of SMEs Fund

Dr. Abdulmohsen Al-Madaj, Deputy Prime Minister and Minister of Commerce and Industry Deputy Prime Minister and Minister of Commerce and Industry Dr. Abdulmohsen Al-Madaj issued Wednesday the ministerial decree More...

By Staff writer On Thursday, December 25th, 2014
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KSE price index posts marginal gain

kuwait stock exchange Benchmark of Kuwait Stock Exchange (KSE) rose 3.5 points in early trades on Wednesday, reaching the level of 6,507 points. However, the weighted index inched downward, 1.3 points, while the More...

By Staff writer On Thursday, December 25th, 2014
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Khalifa Fund explores ways of cooperation with Kuwait’s National Fund for SME Development

Khalifa Fund explores ways of cooperation with Kuwait’s National Fund for SME Development Khalifa Fund for Enterprise Development and Kuwait’s National Fund for SME Development have discussed ways of More...

By Staff writer On Wednesday, December 24th, 2014
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Kuwait lends Mali to renovate airport

Bamako-Senou Airport Kuwait Fund for Arab Economic Development (KFAED) has signed an agreement with Mali to lend it KD 5.8 million (some USD 20 million). The accord, designed to contribute to funding renovation More...

By Staff writer On Wednesday, December 24th, 2014
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KCB offers housing loans worth KD 22mln in November

KCB offers housing loans worth KD 22mln in November The Kuwait Credit Bank (KCB) (formerly the Kuwait Credit and Savings Bank) announced Tuesday that it offered 535 housing loans in November at a total cost of KD More...

By Staff writer On Tuesday, December 23rd, 2014
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KSE maintains upward trend since Sunday’s closing

kuwait stock exchange Trading at Kuwait Stock Exchange, the national bourse, has maintained an upward trend since Sunday’s closing. In today’s early trades, the benchmark gained 57.5 points reaching More...

By Staff writer On Tuesday, December 23rd, 2014
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KOC… 80 years of work changed lifestyle in Kuwait

KOC… 80 years of work changed lifestyle in Kuwait Kuwait Oil Company (KOC) celebrates on Tuesday the 80th anniversary of being granted oil drilling concession right in the country under the agreement signed More...

By Staff writer On Monday, December 22nd, 2014
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KSE benchmark leaps, gaining more than 100 points

Kuwait Stock Exchange Benchmark of Kuwait Stock Exchange (KSE) jumped more than 100 points in early trading on Sunday, putting the level at 6,330.4 points. Weighted index gained 12.3 points and Kuwait 15 index, More...

By Staff writer On Sunday, December 21st, 2014
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Traders panic pushes KSE indices further down

kuwait stock exchange Kuwait Stock Exchange (KSE) plunged further this week as negative traders’ sentiments continued to push the market indices more into the red zone, a specialized economic report showed More...

By Staff writer On Sunday, December 21st, 2014
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Kuwait crude oil price down to USD 53.77 pb

crude oil Price of Kuwait crude oil per barrel dropped by USD 1.29 to stand at USD 53.77 pb in Friday’s trading compared to USD 55.06 pb on Thursday, Kuwait Petroleum Corporation (KPC) said on Saturday. Brent More...

By Staff writer On Saturday, December 20th, 2014
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Kuwait crude oil price up to USD 55.06 pd

Kuwait crude oil price up to USD 55.06 pd Price of Kuwait crude oil per barrel rose by USD 1.15 to stand at USD 55.06 pb in Thursday’s trading, compared to USD 53.91 a day before, said Kuwait Petroleum Corporation More...

By Staff writer On Friday, December 19th, 2014
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Kuwait portrays its oil experience in Egypt

Kuwait portrays its oil experience in Egypt Kuwait’s experience of successfully coping with rapid developments in the oil industry has been relayed to Egypt via an exhibition, held here, titled “Kuwait More...

By Staff writer On Friday, December 19th, 2014
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Kuwait crude oil price down to USD 53.91 pb

oil barrels Price of Kuwait crude oil per barrel dropped by USD 0.18 to stand at USD 53.91 pb in Wednesday’s trading compared to USD 54.09 pb on Tuesday, Kuwait Petroleum Corporation (KPC) said on Thursday. In More...

By Staff writer On Thursday, December 18th, 2014
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Kuwait stocks close down

Kuwait Stock Exchange The price, weighted and Kuwait 15 indexes of the Kuwait Stock Exchange (KSE) on Wednesday closed down by 55.3 points, 3.38 points and 11.1 points respectively. The volume of traded shares reached More...

By Staff writer On Thursday, December 18th, 2014
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Kuwait’s non-oil growth to hit 5-6 pct in 2015-16

Kuwait’s non-oil growth to hit 5-6 pct in 2015-16 Kuwait’s non-oil real growth is anticipated go up to 5.6 percent in 2015-2016, as implementation of the government’s development projects maintains More...

By Staff writer On Wednesday, December 17th, 2014
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KSE three main indices fall, benchmark drastically

kuwait stock exchange Main indices of Kuwait Stock Exchange (KSE) settled in the red zone upon closing Tuesday’s session, with the benchmark drastically falling reaching the level of 6,170, shedding 131.1 More...

By Staff writer On Tuesday, December 16th, 2014
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Kuwait eyes bigger role for SMEs in national economy

Anas Al-Saleh, Kuwait’s Minister of Finance Minister of Finance Anas Al-Saleh said Monday that the Kuwaiti government is looking forwards to expanding the contribution of small and medium enterprises (SMEs) More...

By Staff writer On Tuesday, December 16th, 2014
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KSE indices perform in mixed manner

kuwait stock exchange Main indices of Kuwait Stock Exchange (KSE) performed in mixed manner in early time of Monday’s session, with the benchmark falling 49.9 points to the level of 6,224 points. The weighted More...

By Staff writer On Monday, December 15th, 2014
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Trade balance surplus hit KD 5.3 bln in July-September 2014

Trade balance surplus hit KD 5.3 bln in July-September 2014 Kuwait’s trade balance realized a surplus of about KD 5.307 billion in the third quarter of 2014, compared to KD 6.244 billion in the same period More...

By Staff writer On Sunday, December 14th, 2014
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Kuwait’s bourse continues south journey

kuwait stock exchange The Kuwait Stock Exchange (KSE) indicators declined steeply for the second consecutive week, in light of the continued selling pressures control over the trading activity during most of last More...

By Staff writer On Sunday, December 14th, 2014
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KPIOS signs debt settlement totaling KD 130 mln

Kuwait Pipe Industries and Oil Services Company Kuwait Pipe Industries and Oil Services Company (KPIOS) signed on an agreement Saturday to settle its commercial debt with creditors, totaling around KD 130 million More...

By Staff writer On Saturday, December 13th, 2014
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Kuwait crude oil price down to USD 59.13 pb

oil barrels Price of Kuwait crude oil per barrel went down USD 1.20 to stand at USD 59.13 pb in Thursday’s trading compared to USD 60.33 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said here on Friday. Prices More...

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