Kuwait news

Turbulences in global financial markets will need to be tackled along the way
2 hours ago BIS calls on central banks to hike rates
Mubasher: The Bank for International Settlements on Sunday called on the world's major central banks to increase interest rates. Turbulences in global financial markets will need to be tackled along the way, Reuters reported, citing the BIS, which …
(Photo credit: Radio Free Europe)
12:42 PM Alternative to Qatar demands 'not escalation but parting ways' says UAE minister
Early on Saturday, a top UAE official stated that if Qatar failed to accept the ultimatum issued by Arab states against it, then the alternative would "not [be] escalation but parting ways", Reuters reported. "The alternative is not escalation, …
Lawmakers failed to access their emails away from Westminster
12:02 PM UK lawmakers suffer cyber security attack – AP
Mubasher: One month after the ransomware attack crippled the UK's health service, a new attack was launched against the British parliament on Saturday, The Associated Press reported. Hackers attempted to gain access to email accounts, officials …
Kuwaiti crude oil registered $41.77 per barrel
24 June 04:00 PM Kuwait oil up $0.54
Kuwait - Mubasher: The price of Kuwaiti oil went up by 54 cents, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude registered $41.77 per barrel (pb) on Friday, compared to $41.23 pb on Thursday, Kuwait News Agency (KUNA) reported. …
The report predicted that only nine countries will form half of the world's population by 2050
23 June 04:38 PM UN raises world population forecasts to 9.8bn by 2050
Mubasher: The world's population is expected to grow to 8.6 billion by 2030, 9.8 billion by 2050 and 11.2 billion by 2100, mainly driven by Africa's rising populations, according to The United Nations' (UN) forecasts. The UN adjusted its previous …
The relocation will result in hundreds of jobs leaving London
23 June 03:51 PM EU to relocate 2 agencies from London
Mubasher: The European Union (EU) on Friday announced it would move the European Medicines Agency (EMA) and European Banking Authority (EBA) out of London by the Brexit deadline, set on 30 March 2019, according to BBC News. The EU will hold a …
The market’s liquidity surged 103.9%
22 June 02:22 PM Boursa Kuwait indices mixed in week
Kuwait – Mubasher: The main index of Boursa Kuwait went down 0.57% or 38.6 points to reach 6,772.09 points by the week ended on 22 June, compared with 6,810.68 points by the week ended on 15 June. Meanwhile, the weighted index gained 0.8% or 3.18 …
The market’s liquidity shrank to KWD 7.21 million
22 June 02:06 PM Boursa Kuwait closes Thursday mixed
Kuwait – Mubasher: The price index of Boursa Kuwait closed Thursday’s trading session at 6,772.09 points, the Kuwait-15 index gained 0.14%, while the weighted index retreated 0.13%. The consumer services sector topped four gainers with 1.86%, …
Global achieved a net profit of KWD 3.5 million
22 June 01:44 PM Global Investment to pay KWD 22.9m dividends after capital cut
Kuwait – Mubasher: The ordinary general meeting (OGM) of Global Investment House on Thursday approved distributing a total of KWD 22.9 million as cash dividends to the entitled shareholders, according to a recent statement. The dividends will be …
Brent crude oil retreated $1.2 to settle at $44.82 pb
22 June 11:32 AM Kuwait crude oil down Wednesday – KPC
Kuwait – Mubasher: The price of Kuwait’s crude oil on Wednesday lost $1.07 to reach $41.89 per barrel (pb) from $42.96 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, Brent crude …
The market’s turnover amounted to about KWD 687,340
22 June 11:14 AM Boursa Kuwait indices open Thursday mixed
Kuwait – Mubasher: The benchmark index of Boursa Kuwait started Thursday’s trading session 0.1% or 6.86 points lower at 6,758.15 points. Meanwhile, both the weighted and Kuwait-15 indices gained 0.07% and 0.3%, respectively. By 10:50 am Kuwait …
Traders at Dubai's bourse
22 June 10:56 AM GFH stock declines 7%
Dubai – Mubasher: The GFH Financial Group’s stock fell 7.5%, following the decline of Integrated Capital’s stake in the company. GFH’s stock declined by 11:52 am UAE time to AED 1.970, its lowest level since January. The stock saw trading of 83.72 …
The aircraft will be received during 2017
22 June 10:55 AM Alafco seals $1.36bn deal with Kuwait Airways
Kuwait – Mubasher: Aviation Lease and Finance (Alafco) has signed final contracts for purchasing four Boeing airplanes from Kuwait Airways Corp and re-leasing them. The deal is worth $1.36 billion, Alafco said in a bourse statement issued on …
Boursa Kuwait Co’s total assets increased to KWD 18.92 million in FY16
22 June 10:21 AM Boursa Kuwait Co losses shrink in FY16
Kuwait – Mubasher: Boursa Kuwait Securities Company posted a decline of 85.3% in losses during the fiscal year ended 31 December 2016 when compared to the same period a year ago. The losses shrank to about KWD 297,250 in fiscal year 2016 from KWD …
Traders at Abu Dhabi's bourse
22 June 08:17 AM GCC bourses likely to see calm trades ahead of Eid Al Fitr - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see calm trading on Thursday as investors are shying away from building new positions ahead of the Eid Al Fitr holiday, amid the decline of oil prices to their ten-month low, …
BKIC acquires 2.24m shares in Takaful International
21 June 04:28 PM BKIC acquires 2.24m shares in Takaful International
Kuwait – Mubasher: Bahrain Kuwaiti Insurance Company (BKIC) announced on Wednesday the conclusion of the unconditional mandatory cash offer to acquire 2.24 million shares or 3.59% of the total shares of Takaful International. BKIC has deposited …
A profit of KWD 320,000 will affect the financials of the second quarter
21 June 02:07 PM KFIC settles KWD 3.35m debts with client
Kuwait – Mubasher: Kuwait Finance and Investment Company (KFIC) has agreed with a client on settling and rescheduling a default of KWD 3.35 million since 2010. This debts settlement will be done through an income-generating real estate asset, as …
The consumer services segment led eight decliners
21 June 01:52 PM Boursa Kuwait closes Wednesday lower
Kuwait – Mubasher: The main index of Boursa Kuwait closed Wednesday’s trading session 0.27% or 18.37 points lower at 6,765.01 points.  Both the weighted and Kuwait-15 indices retreated 1.05% and 1.22%, respectively. The consumer services segment …
Al Mazaya Holding owns a 17.5% stake in First Qatar Real Estate Development Company
21 June 12:16 PM Firm’s presence in Qatari market limited – Al Mazaya
Kuwait – Mubasher: Al Mazaya Holding announced that its presence in Qatar is limited, as it exited from its direct investment in the Qatari firm Mazaya for Real Estate Development in 2015. However, it still owns a 0.05% stake in the Qatari firm, …
The market’s turnover amounted to KWD 5.34 million
21 June 11:35 AM Boursa Kuwait opens Wednesday in red
Kuwait – Mubasher: The benchmark index of Boursa Kuwait started Wednesday’s trading session 0.08% or 5.91% lower at 6,777.47 points. Both the weighted and Kuwait-15 indices retreated 0.64% and 0.66%, respectively. By 11:30 am Kuwait time, the …
These bonds will mature in three months
21 June 11:24 AM Kuwait central bank issues bonds worth KWD 275m
Kuwait – Mubasher: The Central Bank of Kuwait (CBK) issued securitising bonds worth KWD 275 million, raising the interest to 1.75% as the highest level in 2017. These bonds, which will mature in three months, were subscribed three times, according …
The shareholders’ equity increased due to an issue premium of KWD 7.23 million
21 June 10:47 AM IPG capital hike subscription ends
Kuwait – Mubasher: Independent Petroleum Group (IPG) said that the subscription period for raising its capital by KWD 3.62 million has ended. IPG offered 36.16 million shares for subscription to raise the capital to KWD 18.84 million from KWD …
Integrated Capital will remain the beneficial owner of these shares
21 June 10:45 AM Integrated Capital transfers GFH stake to Ajman Bank
Mubasher: Integrated Capital has transferred 21 million of GFH Group’s shares to Ajman Bank, according to a bourse filing by GFH issued on Wednesday. Integrated Capital will remain the beneficial owner of these shares, while its total direct and …
Kuwait CPI rises 2.70% in May
20 June 06:36 PM Kuwait CPI rises 2.70% in May
Kuwait – Mubasher: On a year-on-year basis, the Consumer Price Index (CPI) in Kuwait rose 2.7% in May, compared to 2.62% in April, according to data issued by the Central Statistical Bureau on Tuesday. Meanwhile, the inflation rose 0.07% to 144.4 …
The Minister of Investment met with representatives from British companies operating in Egypt
20 June 06:09 PM Egypt saw $43bn of British investments last decade
Cairo - Mubasher: The Egyptian minister of investment and international cooperation said that the investments of British companies in Egypt reached $43 billion in the last ten years. Sahar Nasr added on Tuesday that British companies expressed …