Tag archive for ‘USD’
By Staff writer On Sunday, February 15th, 2015
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Lebanese investments in Egypt surpasses USD 3.7 bln

Lebanese investments in Egypt surpasses USD 3.7 bln Lebanese Minister of Trade and Industry Alain Hakim said Friday his country was the 15th biggest investor in Egypt with over USD 3.7 billion, stressing that huge More...

By Staff writer On Saturday, February 14th, 2015
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Kuwaiti oil price crude rises to USD 50.84 pb

oil barrel Kuwaiti crude oil price rose on Thursday by USD 0.6 to settle at USD 50.84 pb as opposed to USD 50.78 pb on Wednesday, Kuwait Petroleum Corporation (KPC) said on Friday. On international markets, crude More...

By Staff writer On Saturday, February 14th, 2015
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OPEC daily basket price stood at $ 52.86 a barrel Thursday, 12 February 2015

Oil The price of OPEC basket of twelve crudes stood at 52.86 dollars a barrel on Thursday, compared with $52.21 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes 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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USD stable against KD at 0.295

Kuwaiti dinar The exchange rate of the US Dollar against the Kuwaiti Dinar was stable on Thursday exchanging at KD 0.295, as well as the Euro at KD 0.334 compared to Wednesday’s exchange rates, said the daily More...

By Staff writer On Thursday, February 12th, 2015
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Oman Crude Oil Financial Contract closes at US$55.59 at DME

Oman Crude Oil Financial Contract closes at US$55.59 at DME The price of Oman Crude Oil Financial Contract, DME Oman, went down by US$0.30, closing at US$55.59 a barrel for April delivery, at Dubai Mercantile Exchange More...

By Staff writer On Tuesday, February 10th, 2015
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Arab Fund lends Jordan USD 100 mln

Arab Fund lends Jordan USD 100 mln Kuwait-based Arab Fund for Social and Economic Development (AFSED) and Jordan have initialled an agreement of USD 100 million easy loan to the Hashemite Kingdom. The loan will More...

By Staff writer On Monday, February 9th, 2015
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USD stable against KD at 0.295

US dollar, Kuwaiti dinar The exchange rate of the US Dollar against the Kuwaiti Dinar was stable on Sunday exchanging at KD 0.295, while the Euro dropped to KD 0.334 compared to Thursday’s exchange rates, More...

By Staff writer On Saturday, February 7th, 2015
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OPEC daily basket price stood at $50.81

opec The price of OPEC basket of twelve crudes stood at 50.81 dollars a barrel on Thursday, compared with $52.22 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes 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 Thursday, February 5th, 2015
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OPEC daily basket price for Tuesday, 3rd February 2015

oil barrel The price of OPEC’s basket of twelve crudes stood at US$51.77 dollars a barrel on Tuesday, compared with $48.19 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference More...

By Staff writer On Thursday, February 5th, 2015
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Arab World Exports to Brazil at USD 11.427 billion in 2014

Arab World Exports to Brazil at USD 11.427 billion in 2014 Brazil continues to cement its bilateral trade relations with Arab countries as reflected in a surge in exports from the region. According to statistics 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 Wednesday, February 4th, 2015
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Saudi Arabia donate USD 176 mln to Jordan

Saudi Arabia, jordan Saudi Arabia signed five agreements Tuesday to donate USD 176 million to Jordan to finance development projects, part of the GCC’s collective USD five billion contributions to the Hashemite More...

By Staff writer On Tuesday, February 3rd, 2015
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OPEC daily basket price for Friday, 30th January 2015

oil The price of OPEC’s basket of twelve crudes stood at US$44.83 a barrel on Friday, compared with $43.88 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference Basket of Crudes More...

By Staff writer On Thursday, January 29th, 2015
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OPEC daily basket price for Tuesday 27th January

oil price of OPEC’s basket of twelve crudes stood at US$43.24 a barrel Tuesday, 27th January 2015, compared with $42.90 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket More...

By Staff writer On Wednesday, January 28th, 2015
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OPEC’s basket down 79 cents, reaching USD 42.90 pb

oil The price of OPEC’s crude basket down by 79 cents on Monday, reaching USD 42.90 per barrel (pb), compared to USD 43.69 pb on Friday, said OPEC on Tuesday. Meanwhile, the organization said that the annual More...

By Staff writer On Tuesday, January 27th, 2015
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OPEC daily basket price for Friday 23rd January 2015

opec The price of OPEC’s basket of twelve crudes stood at US$ 43.69 dollars a barrel on Friday, compared with $43.05 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

By Staff writer On Friday, January 23rd, 2015
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OPEC daily basket price for Wednesday, 21 January 2015

Oil The price of OPEC’s basket of twelve crudes stood at US$43.25 dollars a barrel on Wednesday, compared with $43.04 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

By Staff writer On Thursday, January 22nd, 2015
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OPEC daily basket price for Tuesday

oil The price of OPEC’s basket of twelve crudes stood at US$43.04 a barrel on Tuesday, compared with US$43.87 a barrel the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

By Staff writer On Wednesday, January 21st, 2015
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OPEC daily basket price for Monday, 19 January 2015

OPEC The price of OPEC’s basket of twelve crudes stood at US$43.87 a barrel on Monday, compared with $43.40 the previous Friday, according to OPEC Secretariat calculations. The new OPEC Reference Basket of More...

By Staff writer On Wednesday, January 21st, 2015
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Arab consumption of Brazilian beef reaches USD 907 million in 2014

Arab consumption of Brazilian beef reaches USD 907 million in 2014 Brazilian beef exports to Arab countries soared by 8.7 per cent in 2014, with the region consuming USD 907 million worth of beef. Based on the latest More...

By Staff writer On Monday, January 19th, 2015
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OPEC daily basket price for Friday, 16th January 2015

oil The price of OPEC’s basket of twelve crudes stood at US$43.40 dollars a barrel on Friday, compared with $43.14 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference Basket 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 Sunday, January 18th, 2015
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Average oil price likely to be USD 80-85 in 2015

oil Average world oil price is predicted to be in the vicinity of USD 80-85 per barrel in 2015, according to a recent economic report. To prove that, the current dip in oil prices could push global economic growth More...

By Staff writer On Friday, January 16th, 2015
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OPEC daily basket price for Wednesday, 14th January 2015

OPEC The price of OPEC’s basket of twelve crudes stood at US$41.65 dollars a barrel on Wednesday, compared with $41.50 the previous day, according to OPEC’s Secretariat calculations. OPEC’s Reference More...

By Staff writer On Friday, January 16th, 2015
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Kuwaiti crude oil stable at USD 38.90 pb

Oil Price of Kuwaiti crude oil was stable at USD 38.90 per barrel (pb) on Wednesday, same as it did the day before, said the Kuwait Petroleum Corporation (KPC) on Thursday. Despite the ongoing price downturn trend More...

By Staff writer On Thursday, January 15th, 2015
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USD stable against KD at 0.292

US dollar, Kuwaiti dinar The exchange of the US Dollar against the Kuwaiti dinar (KD) was stable on Wednesday trading at KD 0.292, while the Euro dropped to KD 0.346 compared to Monday’s exchange rates, said More...

By Staff writer On Wednesday, January 14th, 2015
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OPEC daily basket price for Tuesday, 13 January 2015

oil The price of OPEC’s basket of twelve crudes stood at US$41.50 dollars a barrel on Tuesday, compared with $43.55 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference Basket More...

By Staff writer On Wednesday, January 14th, 2015
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Main currencies stable against Kuwaiti dinar

Kuwaiti dinar The exchange rate of the main currencies, namely the US dollar, Euro, Yen, Swiss Franc and the pound sterling were all stable against the Kuwaiti dinar on Tuesday, compared to yesterday’s exchange More...

By Staff writer On Wednesday, January 14th, 2015
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OPEC daily basket price for Monday, 12th January 2015

OPEC The price of OPEC’s basket of twelve crudes stood at US$43.55 dollars a barrel on Monday, compared with $45.19 the previous Friday, according to OPEC’s Secretariat calculations. OPEC’s Reference More...

By Staff writer On Tuesday, January 13th, 2015
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OPEC daily basket for Friday, 9 January 2015

opec The price of OPEC’s basket of twelve crudes stood at US$45.19 a barrel on Friday, compared with $45.68 the previous day, according to OPEC’S Secretariat calculations. OPEC’s Reference Basket 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 Saturday, January 10th, 2015
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The price of OPEC basket of twelve crudes stood at 45.74 pb

OPEC The price of OPEC basket of twelve crudes stood at 45.74 dollars a barrel on Thursday, compared with $44.85 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes More...

By Staff writer On Friday, January 9th, 2015
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Main currencies stable against Kuwaiti dinar

US dollar, Kuwaiti dinar The exchange rates of the main currencies, namely the US dollar, Euro, Japanese Yen, Swiss Franc and the Pound Sterling were all stable against the Kuwaiti dinar on Thursday, compared to More...

By Staff writer On Friday, January 9th, 2015
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OPEC daily basket price for Wednesday announced

OPEC The price of OPEC’s basket of twelve crudes stood at US$44.85 a barrel on Wednesday, compared with $46.62 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes 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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OPEC daily basket price for Tuesday, 6th January 2015

opec The price of OPEC’s basket of twelve crudes stood at US$46.69 a barrel on Tuesday, compared with $48.99 the previous day, according to OPEC’s Secretariat calculations. OPEC Reference Basket of Crudes More...

By Staff writer On Wednesday, January 7th, 2015
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Oman Crude Oil below $50/b, down 55% from 2014 peak

crude oil Oman crude oil prices on the Dubai Mercantile Exchange tumbled to under US$50/b for the first time in more than 5 years, as the 2014 oil price collapse continued into the new year. Front-month January More...

By Staff writer On Tuesday, January 6th, 2015
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USD stable against KD at 0.293

US dollar, Kuwaiti dinar The exchange of the US Dollar against the Kuwaiti dinar (kd) was stable on Monday trading at KD 0.293, while the Euro dropped to KD 0.350 compared to Sunday’s exchange rates, said More...

By Staff writer On Monday, January 5th, 2015
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Gold down to USD 1,186 per ounce

Gold Gold ended last week at USD 1,186 per ounce, due to the decline of trading volume and profit-taking, an economic report said on Sunday. Compared to the start of the trading week, gold witnessed a relative rise, 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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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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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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Trade between Qatar and South Korea May Reach USD 30 Billion by Year End

Chung Keejong, South Korea, Ambassador to Qatar Trade between Qatar and South Korea would reach about 30 billion dollars by the end of 2014, HE South Korea’s Ambassador to Qatar Chung Keejong said. The Ambassador 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 Wednesday, December 31st, 2014
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USD stable against KD at 0.292

US dollar, Kuwaiti dinar The US Dollar exchange was stable against the Kuwaiti Dinar on Tuesday trading at KD 0.292, while the Euro dropped to KD 0.355 compared to Monday’s rates, said the daily bulletin of More...

By Staff writer On Wednesday, December 31st, 2014
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Oman Crude Oil Financial Contract closes at US$53.13 at DME

Oman Crude Oil Financial Contract closes at US$53.13 at DME The price of Oman Crude Oil Financial Contract, DME Oman, went down by US$2.35, closing at US$53.13 a barrel for February delivery, at Dubai Mercantile More...

By Staff writer On Wednesday, December 31st, 2014
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OPEC daily basket price for Monday, 29th December 2014.

opec The price of OPEC’s basket of twelve crudes stood at US$54.44 a barrel on Monday, compared with $56.03 the previous Wednesday, according to OPEC’s Secretariat calculations. The new OPEC Reference 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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OPEC daily basket price for Wednesday, 24th December 2014

OPEC The price of OPEC’s basket of twelve crudes stood at US$56.06 a barrel on Wednesday, compared with $55.59 the previous day, according to OPEC’S Secretariat calculations. OPEC Reference Basket of More...

By Staff writer On Monday, December 29th, 2014
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US dollar stable against Kuwaiti dinar at KD 0.292

US dollar, Kuwaiti dinar The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.292 on Sunday, while the euro dropped to KD 0.356 compared to Thursday. The Central Bank of Kuwait said in More...

By Staff writer On Monday, December 29th, 2014
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Gold price stands at USD 1,195 per ounce

Gold Gold prices stood at the level of USD 1,195 per ounce last week, which was marked by the absence of most investors due to Christmas holidays, an economic report showed here on Sunday. Many investors only preferred More...

By Staff writer On Friday, December 26th, 2014
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US dollar stable against KD at 0.292, euro up to KD 0.357

US dollar, Kuwaiti dinar The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.292 on Thursday, while the euro weny up to KD 0.357 compared to Wendesday’s rates. The Central Bank More...

By Staff writer On Thursday, December 25th, 2014
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US dollar stable against KD at 0.292, euro down to KD 0.356

US dollar, Kuwaiti dinar The exchange rate of the US dollar against the Kuwaiti dinar was stable at KD 0.292 on Wednesday, while the euro dropped to KD 0.356 compared to Tuesday’s rates. The Central Bank of More...

By Staff writer On Thursday, December 25th, 2014
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Oman Crude Oil Financial Contract closes at US$58.10 at DME

Oman Crude Oil Financial Contract closes at US$58.10 at DME The price of Oman Crude Oil Financial Contract, DME Oman, went up by US$1.05, closing at US$ 58.10 a barrel for February delivery, at Dubai Mercantile More...

By Staff writer On Wednesday, December 24th, 2014
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OPEC daily basket price for Monday 22 December

OPEC The price of OPEC’s basket of twelve crudes stood at US$56.90 a barrel on Monday, compared with $55.52 the previous Friday, according to OPEC Secretariat calculations. The new OPEC Reference Basket of More...

By Staff writer On Wednesday, December 24th, 2014
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USD stable against Kuwaiti dinar at KD 0.292

US dollar, Kuwaiti dinar The USD exchange was stable against the Kuwaiti dinar on Tuesday trading at KD 0.292 while the euro dropped to KD 0.357, compared with Sunday’s rates, said the daily bulletin of the More...

By Staff writer On Tuesday, December 23rd, 2014
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OPEC daily basket price Friday 19th December

oil barrel The price of OPEC’s basket of twelve crudes stood at US$55.52 a barrel on Friday, compared with $56.30 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket More...

By Staff writer On Tuesday, December 23rd, 2014
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USD stable against Kuwaiti dinar at KD 0.292

US dollar, Kuwaiti dinar The USD exchange was stable against the Kuwaiti dinar in Monday’s trading at KD 0.292 while the euro rose to KD 0.358, compared with Sunday’s rates, said the daily bulletin of More...

By Staff writer On Monday, December 22nd, 2014
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USD stable against Kuwaiti dinar at KD 0.292

US dollar, Kuwaiti dinar The USD exchange was stable against the Kuwaiti dinar in Sunday’s trading at KD 0.292 while the euro dropped to 0.357, compared with Thursday’s rates, said the daily bulletin 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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OPEC daily basket price stood at $56.30 a barrel on Thursday

oil The price of OPEC basket of twelve crudes stood at US $ 56.30 a barrel on Thursday, compared with US $55.64 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes 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 Wednesday, December 17th, 2014
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USD stable against Kuwaiti dinar at KD 0.291

US dollar, Kuwaiti dinar The USD exchange was stable against the Kuwaiti dinar in Tuesday’s trading at KD 0.291 while the euro went up, trading at KD 0.363, compared with Monday’s rates, said the daily More...

By Staff writer On Monday, December 15th, 2014
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Gold global price up to USD 1,222 per ounce last week

Gold The price of gold globally reached USD 1,222 per ounce last week due to the contraction witnessed in world markets, said a specialized report here Sunday. A report by Sabayik Al-Kuwait for precious metals and More...

By Staff writer On Monday, December 15th, 2014
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Global sukuk issuances hit USD 114 bln over 11 months

Sukuk Between January-November 2014 , the global primary sukuk market recorded total issuances of USD 114.7 billion, compared to USD 105.7 billion in the same period last year, a Kuwait Finance House (KFH) report More...

By Staff writer On Saturday, December 13th, 2014
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OPEC daily basket price stood at US $60.50 a barrel on Thursday

OPEC The price of OPEC basket of twelve crudes stood at US $ 60.50 a barrel on Thursday, compared with US $61.35 the previous day, according to OPEC Secretariat calculations. The new OPEC Reference Basket of Crudes More...

By Staff writer On Friday, December 12th, 2014
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USD stable against Kuwaiti dinar at KD 0.291

US dollar, Kuwaiti dinar The USD exchange was stable against the Kuwaiti dinar in Thursday’s trading at KD 0.291 while the euro went up to KD 0.363, compared with Wednesday’s rates, said the daily bulletin More...

By Staff writer On Friday, December 12th, 2014
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OPEC daily basket price for Wednesday December 10th

oil barrels The price of OPEC’s basket of twelve crudes stood at US$61.35 a barrel on Wednesday, compared with $62.33 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket More...

By Staff writer On Monday, December 8th, 2014
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GIC sells 13 pct stake in Saudi Cristal for USD 482 mln

GIC sells 13 pct stake in Saudi Cristal for USD 482 mln The Gulf Investment Corporation (GIC) has signed an agreement to sell part of its 33 percent shareholding in Saudi Cristal to National Industrialization Company More...

By Staff writer On Saturday, December 6th, 2014
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Inter-GCC trade volume hits USD 121.2 bln

Gulf Cooperation Council (GCC) An economic report showed that the value of trade exchanges among the GCC member states rose by 14 percent to USD 121.3 billion in 2013 from USD 106.5 billion in the previous year. The More...

By Staff writer On Wednesday, December 3rd, 2014
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Kuwait crude oil price down to USD 64.41 pb

Oil Price of Kuwait crude oil per barrel went down USD 2.68 to settle at USD 64.41 pb in Monday’s trading compared to USD 67.09 pb on Friday, Kuwait Petroleum Corporation (KPC) said here on Tuesday. At global More...

By Staff writer On Tuesday, December 2nd, 2014
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IDB approves financing development projects with more than USD 566 mln

Islamic Development Bank (IDB) Through allocating more than USD 566 millions, the Islamic Development Bank (IDB) approved on Monday financing of new development projects covering energy, roads, water, petrochemical More...

By Staff writer On Friday, November 28th, 2014
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Kuwait-Egypt trade volume hit USD 3.2 bln

Kuwait-Egypt trade volume hit USD 3.2 bln Egyptian Ambassador to Kuwait Abdulkarim Suleiman said Wednesday evening the bilateral trade volume grew to USD 405 million a year, excluding the value of Egypt’s More...

By Staff writer On Sunday, November 16th, 2014
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NBK-Egypt posts USD 38.4mln in net profits for first nine months of 2014

NBK-Egypt posts USD 38.4mln in net profits for first nine months of 2014 The National Bank of Kuwait – Egypt, the subsidiary of National Bank of Kuwait Group (NBK) in Egypt, has reported net profits of EGP More...

By Staff writer On Saturday, November 15th, 2014
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Kuwait crude oil price down to USD 71.40 pd

Kuwait crude oil price down to USD 71.40 pd Price of Kuwait crude oil per barrel on Friday fell by USD 2.12 to USD 71.40 pb, compared to USD 73.52 a day before, said Kuwait Petroleum Corporation (KPC) on Saturday. On More...

By Staff writer On Saturday, November 15th, 2014
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Oil prices could edge down to USD 50 barrel – expert

oil barrel World oil prices are predicted to continue dwindling away in the coming period, possibly down to USD 50 a barrel unless the overall global economic situation improves, a Kuwaiti oil expert expected here More...

By Staff writer On Saturday, November 15th, 2014
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Sukuk issuances surpass USD100 bln mark worldwide

Sukuk The global primary sukuk market issuances have cumulatively surpassed the milestone USD100bln in the first ten months of 2014, said a monthly KFH report on Friday. The pipeline in the last two remaining months More...

By Staff writer On Thursday, November 13th, 2014
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KFAED, Oman sign grant agreement worth USD 1.75 bln

KFAED, Oman sign grant agreement worth USD 1.75 bln The Kuwait Fund for Arab Economic Development (KFAED) and Oman signed in Muscat on Wednesday a grant agreement whereby the Fund will offer USD.75 billion to finance More...

By Staff writer On Sunday, November 9th, 2014
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Iraq loses USD 1.2 bln per month due to Kirkuk-Ceyhan pipeline oil exports halt

Iraq loses USD 1.2 bln per month due to Kirkuk-Ceyhan pipeline oil exports halt Iraq has been losing USD 1.2 billion every month since last March because of halt of oil exports through Kirkuk-Ceyhan pipeline, the More...

By Staff writer On Thursday, November 6th, 2014
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Oman Crude Oil Financial Contract closes at US$80.25 at DME

Oman Crude Oil Financial Contract closes at US$80.25 at DME The price of Oman Crude Oil Financial Contract, DME Oman, went down by US$1.24, closing at US$80.25 a barrel, at Dubai Mercantile Exchange at 12:30 p.m., More...

By Staff writer On Wednesday, November 5th, 2014
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USD steady against Kuwaiti dinar at KD 0.290

US dollar, Kuwaiti dinar The USD exchange was stable against the Kuwaiti dinar, on Tuesday trading at KD 0.290, while the Euro went up to KD 0.363, compared with Monday’s rates. The Sterling Pound exchange More...

By Staff writer On Wednesday, November 5th, 2014
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Oman Crude Oil Financial Contract closes at US$81.49 at DME

oil barrels The price of Oman Crude Oil Financial Contract, DME Oman, went down by US$1.88, closing at US$81.49 a barrel at Dubai Mercantile Exchange at 12:30 p.m., Dubai time, on Monday. DME Oman crude oil is considered More...

By Staff writer On Tuesday, November 4th, 2014
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China, Qatar central banks ink USD 6 bln currency swap deal

China, Qatar central banks ink USD 6 bln currency swap deal China’s central bank has signed a currency swap deal worth CNY 35 billion or QAR 20.8 billion (USD 5.7 billion), with its Qatari counterpart, it More...

By Staff writer On Tuesday, November 4th, 2014
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Zain Group posts USD 570 mln in 9 month profits

Zain Group posts USD 570 mln in 9 month profits For the first nine months of 2014, Zain Group generated stable consolidated revenues of USD 3.3 billion (KD 921 million), while consolidated EBITDA for the period More...

By Staff writer On Monday, November 3rd, 2014
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Gold prices drop drastically to USD 1,172

Gold The prices of gold have seen an extreme drop last week, reaching USD 1,172 per ounce, which is the lowest price in the past four years, according to a specialized economic report. SABAYIKS Gold Kuwait company More...

By Staff writer On Sunday, October 26th, 2014
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Global oil USD 25 decline will cause GDP eight pct drop for GCC

Christine Lagarde, International Monetary Fund chief International Monetary Fund chief Christine Lagarde warned on Saturday that a sustained USD 25 decline in global oil prices presents GCC states with a reduction More...

By Staff writer On Sunday, October 26th, 2014
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Jordan’s Housing Bank posts USD 172.4 mln profit in nine months

Jordan’s Housing Bank posts USD 172.4 mln profit in nine months Jordan’s Housing Bank for Trade and Finance , about 19 percent of which is Kuwaiti-owned, has realized USD 172.4 million in profit during More...

By Staff writer On Monday, October 20th, 2014
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Gold price restores gains to USD 1,239 per ounce

The gold price restored its gains, standing at USD 1,239 per ounce by the end of last week trading, a specialized economic report said Sunday. The gold price managed to hit a new high in October, reaching USD 1,255 More...

By Staff writer On Monday, July 7th, 2014
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Emirates NBD becomes a global leader in arranging USD Sukuk

Record achievement in line with HH Sheikh Mohammed Bin Rashid’s vision of making Dubai the Global Capital of the Islamic Econo Emirates NBD, the leading banking group in the region, has announced that its Investment More...

By Staff writer On Monday, June 23rd, 2014
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USD, EUR unchanged against Dinar

US dollar, Kuwaiti dinar  The US greenback and the EU currency were both unchanged against the Kuwaiti Dinar, trading at KD 0.281 and KD 0.383 respectively, said the Central Bank of Kuwait (CBK), Sunday. The CBK More...

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