Kuwait news

22 January 11:28 PM Oil goes down at Tuesday’s settlement on slower global growth
Mubasher: Oil futures settled down on Tuesday, as the IMF lowered its expectation regarding the growth of the global economy.
22 January 10:41 PM Gold settles higher on Tuesday
Mubasher: Gold settled up on Tuesday, as tensions rise between the US and China, threatening the possibility of reaching a trade agreement.
The report was published ahead of MEDLAB 2019
22 January 07:43 PM MENA’s clinical laboratory services market hits $10bn – Report
Dubai - Mubasher: The clinical laboratory services market in the Middle East & North Africa Region (MENA) is estimated at $8-$10 billion with a major increase in doctor’s decisions based on laboratory test results, according to a report released …
22 January 07:06 PM Halliburton swings into profit in Q4
Halliburton turned to profit in the fourth quarter of 2018, while its total revenue declined marginally.
22 January 06:09 PM Gas futures fall 9% on slower global growth fears
Gas future prices dropped by more than 9% on Tuesday, as worries mounted over a global economic slowdown.
National Industries announced that a foreign company has been awarded a complementary joint venture agreement with an additional value of KWD 19.5 million.
22 January 05:59 PM National Industries awards KWD 19.5m contract to foreign partner
Mubasher: National Industries announced that a foreign company has been awarded a complementary joint venture agreement with an additional value of KWD 19.5 million. The foreign partner signed contracts worth KWD 45.5 million, the company said in …
22 January 05:29 PM Gulf nations to bolster Pakistani economy with $30bn loans, investments
Prime Minister Imran Khan turned to Arab Gulf nations to shore up the economy.
Agility Public Warehousing signed a MoU to manage logistic services for Carbon Holdings’ industrial institutions in Egypt.
22 January 05:04 PM Kuwait’s Agility signs logistics deal with Egypt’s Carbon Holdings
Mubasher: Agility Public Warehousing, dually-listed on Boursa Kuwait and the Dubai Financial Market (DFM), signed a memorandum of understanding (MoU) to manage logistic services for Carbon Holdings’ industrial institutions in Egypt, including its …
Agility Public Warehousing signed a contract worth KWD 6.5 million ($21.5 million) to provide warehouse management services to Kuwait National Petroleum Company (KNPC) for five years.
22 January 04:40 PM Kuwait National Petroleum signs $21.5m deal with Agility
Mubasher: Agility Public Warehousing signed a contract worth KWD 6.5 million ($21.5 million) to provide warehouse management services to Kuwait National Petroleum Company (KNPC) for five years. The agreement aims to support KNPC’s operations …
EGP mixed against FX currencies Tuesday
22 January 04:02 PM EGP mixed against FX currencies Tuesday
Cairo – Mubasher: The performance of the Egyptian pound was mixed on Tuesday against foreign currencies at national and private banks. Misr Iran Development Bank (MIDB) offered the highest US dollar rate at EGP 17.9 for buying and EGP 17.98 for …
22 January 02:49 PM India’s solid economic growth, regulatory reforms to boost insurance sector
India’s insurance and reinsurance sectors would grow strongly thanks to a robust economy and evolving regulations, Moody’s Investor Service said in a new report.
22 January 02:05 PM Global financial system risks remain modest despite uncertainty – Moody’s
As global financial markets are facing risks amid mounting volatility and market turbulence, the threat level to the overall financial system remains mild.
22 January 01:32 PM German business morale improves in January
German economic confidence saw an improvement in January, survey data showed on Tuesday.
22 January 12:59 PM Updated UK jobless rate ticks lower in 3M
The number of working people increased between the three months ended August 2018 and the three months ended November 2018.
22 January 12:35 PM Gold stabilises early Tuesday as stronger dollar curbs safe-haven appetite
Gold prices steadied earlier on Tuesday, but a strong US dollar kept a lid on gains for the precious metal.
Agility Public Warehousing, dual-listed on Boursa Kuwait and the Dubai Financial Market (DFM), confirmed the reports indicating the listing of subsidiary companies on international equity markets.
22 January 12:09 PM Agility eyes listing subsidiaries on int’l bourses
Mubasher: Agility Public Warehousing, dual-listed on Boursa Kuwait and the Dubai Financial Market (DFM), confirmed the reports indicating the listing of subsidiary companies on international equity markets.  Agility considers some options to …
22 January 12:00 PM Oil falls on fears of China economic weakness spread
Oil prices dropped on Tuesday amid signs that an economic slowdown in China would spread, as worries mounted over the future fuel demand.
The Central Bank of Kuwait (CBK) on Monday announced that it has issued three-month maturity bonds and securities worth KWD 240 million ($791.70 million) with a 3% yield.
21 January 06:09 PM Kuwait C.bank issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) on Monday announced that it has issued three-month maturity bonds and securities worth KWD 240 million ($791.70 million) with a 3% yield. The value of the CBK’s bonds and securities issued in mid-January …
Kuwait’s currency in circulation rose 0.6% year-on-year in December 2018, according to data released by the Central Bank of Kuwait (CBK) on Sunday.
21 January 06:07 PM Kuwait’s currency circulation grows 0.6% in 2018 – C. bank
Mubasher: Kuwait’s currency in circulation rose 0.6% year-on-year in December 2018, according to data released by the Central Bank of Kuwait (CBK) on Sunday. The value of Kuwaiti dinar circulation amounted to KWD 1.76 billion ($5.81 billion) in …
Kuwait Real Estate Company (KRE) has completed the non-cash and non-mandatory acquisition procedures over the International Resorts Company’s shares
21 January 05:32 PM Kuwait Real Estate acquires 58% stake in International Resorts
Mubasher: Boursa Kuwait on Monday announced that Kuwait Real Estate Company (KRE) has completed the non-cash and non-mandatory acquisition procedures over the International Resorts Company’s (IRC) shares. KRE acquired 89.35 million shares, …
Tijara and Real Estate Investment (Tijara) on Monday signed an Ijara agreement worth KWD 3.11 million ($10.26 million).
21 January 04:51 PM Kuwait’s Tijara inks KWD 3.1m deal
Mubasher: Tijara and Real Estate Investment (Tijara) on Monday signed an Ijara agreement worth KWD 3.11 million ($10.26 million). The seven-year contract would replace another agreement, the company said in a statement to Boursa Kuwait. The deal …
Warba Bank is still in negotiations with Bahrain's Ahli United Bank and Ahli United Bank - Kuwait to purchase their shares in KMEFIC.
21 January 04:14 PM Talks in progress over acquiring 74% stake in KMEFIC - Warba Bank
Mubasher: Warba Bank is still in negotiations with Bahrain's Ahli United Bank (AUB) and Ahli United Bank - Kuwait (AUB Kuwait) to purchase their shares in Kuwait and Middle East Financial Investment (KMEFIC). No final agreement has been reached …
The indices of Boursa Kuwait closed Monday’s session on a mixed note, after the Main market rose 0.06%, while the Premier market fell 0.03% and the All-Share index was near stable.
21 January 02:21 PM Boursa Kuwait closes Monday on mixed note amid thin liquidity
By: Mohamed Farouk Mubasher: The indices of Boursa Kuwait closed Monday’s session on a mixed note, after the Main market rose 0.06%, while the Premier market fell 0.03% and the All-Share index was near stable. The basic materials sector led risers …
Kuwait Fund for Arab Economic Development (KFAED) signed a KWD 9 million ($30 million) loan agreement with the People's Republic of China
21 January 02:15 PM Kuwait Fund signs KWD 9m loan agreement with China
Mubasher: Kuwait Fund for Arab Economic Development (KFAED) signed a KWD 9 million ($30 million) loan agreement with the People's Republic of China to contribute to financing the expansion of the Second People's Hospital of Guiyang. The total cost …
21 January 01:39 PM China posts lowest birth rate since 1949
Birth rate in China dropped last year to the lowest level since the founding of the People’s Republic of China 70 years ago.