Kuwait news

18 minutes ago German C.bank confident in economy, but warns of risks
Germany's Bundesbank voiced its confidence that the economy would overcome its latest slowdown, warning that rising protectionism and a no-deal Brexit threaten the outlook.
2 hours ago US plans to officially postpone tariff hike to March–Report
The US administration would announce officially its decision to postpone a tariff raise on $200 billion in Chinese imports until 1 March.
3 hours ago Eurozone business growth hits 4-yr low in December
Provisional estimates for the Eurozone indicated that economic activity growth slowed down in December to the weakest pace in more than four years.
3 hours ago Gold slips as dollar gains, investors focus on Fed meeting
Gold fell on Friday, as a stronger US dollar weighed on the precious metal which was heading to post its largest fall in five weeks.
4 hours ago Oil falls on China economy fears, as supply curbs support
Oil fell on Friday amid worries about the slowdown in Chinese economic growth, but supply curbs announced by oil producers offered some support for prices.
12:48 AM Trump wants Fed to stop interest hikes  
Mubasher: The President of the United States hopes that the Federal Reserve will not be raising interest rates anymore
12:40 AM US budget deficit up 48% in November 
The United States saw a jump in the budget deficit in November, due to an increased public spending.
12:34 AM Oil settles with big gains 
Oil prices ended today's trading session on a higher note supported by plans by major producers to cut crude output
12:26 AM Gold settles lower Thursday 
Gold prices declined on Thursday, with the US dollar showing a strong performance against major currencies
Bahrain's government is currently working on a raft of policies to prop up startups
13 December 09:20 PM Bahrain eyes becoming innovative hub for startups in GCC- EDB
By: Mohammad Shokhba Cairo – Mubasher: Bahrain is seeking to be the innovative hub for startups in the GCC region, Mohamed Hejres, senior manager of investors relations and government affairs at the Bahrain Economic Development Board (EDB), said. …
13 December 06:34 PM US natural gas storage drops as prices surge
The US natural gas inventories dropped by 77 billion cubic feet (Bcf) in the week ended 7 December to a total of 2,914 Bcf.
13 December 06:30 PM ECB’s head sees economic risks ‘moving to downside’
The European Central Bank President Mario Draghi warned that economic risks facing the Eurozone are now “moving to the downside.”
13 December 05:33 PM Boursa Kuwait posts negative performance in week
13 December 05:21 PM Ream Real Estate names chairman, deputy
13 December 05:00 PM US weekly jobless claims drop 27,000 in early December
US unemployment claims dropped 27,000 week-on-week to 206,000 claims in the week ended 8 December, data released on Thursday showed.
13 December 04:50 PM US import prices record largest drop in 3 yrs
The costs of the US import dropped in November, helped mainly by lower fuel prices, data released on Thursday showed.
The acquisition gives the European dairy giant full ownership of a cheese production site in Bahrain
13 December 04:34 PM Danish Arla Foods to acquire Mondelez International’s ME cheese business
Mubasher: Danish dairy group Arla Foods has reached a deal with US Mondelez International to acquire its processed cheese business in the Middle East region. The acquisition gives the European dairy giant full ownership of a cheese production site …
Boubyan’s total assets enlarged by 20.9% to KWD 555.48 million in 6 months
13 December 04:30 PM Boubyan Petrochemical Q2 profits surge 182%
Mubasher: Boubyan Petrochemical said that its profits enlarged by 182.4% during the second quarter ended October compared to the same period last year. Earnings soared to approximately KWD 761,970 ($2.51 million) in Q2 ended on 31 October 2018 …
13 December 04:05 PM Boursa Kuwait closes Thursday in red
13 December 04:02 PM ECB holds interest rates; QE to end in December
The European Central Bank on Thursday decided to keep its key interest rates on hold.
13 December 03:48 PM Turkey C.bank holds interest rate unchanged
Turkey's central bank on Thursday kept its benchmark rate unchanged.
GIH closed Thursday’s session 1.14% higher at 17.7 fils
13 December 03:43 PM GIH nods to KWD 34m capital hike
Mubasher: The extraordinary general meeting (EGM) of Gulf Investment House (GIH) approved offsetting about KWD 343,090 as part of the accumulated losses as registered on 31 December 2017, according to a bourse statement on Thursday. GIH’s …
13 December 03:31 PM Swiss C.bank maintains ultra-loose policy, slashes inflation outlook
Switzerland's central bank left its expansive monetary policy unchanged, lowering its inflation forecast for next year citing strong Swiss franc and economic downside risks.
13 December 02:59 PM Norway C.bank puts rate on hold, expects slower tightening pace
Norway's central bank left its benchmark interest rate unchanged, but said it would tighten cost of borrowing at a slightly slower pace than previously planned.
Amwal owns an equity of 5% in Noor Markets
13 December 02:59 PM Kuwait’s Amwal approves expansion plans in UAE
Mubasher: Amwal International Investment announced that its board members approved the offers presented to sell assets in the company’s investment portfolio, including Al Shamel International Holding and other companies. The board members of …