Kuwait news

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28 April 08:30 PM US oil rigs rise for 15 week in row
Mubasher: The number of US oil-rig count has increased last week, according to data revealed by Baker Hughes on Friday. Oil rigs added nine to reach 697 rigs, up from 572 rigs last week. Brent crude futures grew 0.31% to the level of $51.98 per …
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28 April 11:14 AM Oil prices rise on Friday
Mubasher: Crude oil prices went up on Friday, but it tends to record weekly losses for the second week in a row. Oil prices were supported by OPEC Secretary-General Mohammad Barkindo, who said on Thursday that the oil market was moving towards a …
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27 April 11:21 AM Kuwait crude oil up 39 cents
Mubasher: The price of Kuwait’s crude oil rose by 39 cents to settle at $48.56 per barrel on Wednesday, compared to $48.17 on Tuesday, according to latest data. At the global level, West Texas crude oil gained 6 cents to $49.62 a barrel, while …
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27 April 07:43 AM GCC blue chips likely to attract investments
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to see a sideways-to-bullish performance on Thursday as most stocks technically reached attractive price levels, analysts told Mubasher. Most investors tended to trade on blue chip …
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26 April 04:16 PM Boursa Kuwait indices mixed in 4-session week
Mubasher: The indices of Boursa Kuwait posted mixed performance during the week ended on 26 April; the stock market will be closed on Thursday, 27 April, on the occasion of Isra and Mi'raj holiday. The price index gained 0.6% or 40.74 points to …
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26 April 03:38 PM Afaq to delist from Boursa Kuwait
Mubasher: The Capital Markets Authority (CMA) approved Afaq Educational Services' voluntary withdrawal from Boursa Kuwait. The CMA clarified that Afaq’s tradeable shares account for 13.29% of the total stocks listed on Boursa Kuwait.  Afaq is …
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26 April 03:16 PM National Investments to post profit from deal in Q2
Mubasher: National Investments Co said that about KWD 794,840 will be registered in the second quarter’s financial statements as a profit from purchasing a stake in an unlisted company. National Investments said that this investment will be …
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26 April 02:28 PM National Cinema Q1 profits rise 26.17%
Mubasher: Kuwait National Cinema achieved a growth of 26.17% in profits during the first quarter of 2017 compared to the same period in 2016. The company’s earnings increased to KWD 3.23 million ($10.59 million) in Q1-17 from KWD 2.56 million …
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26 April 02:10 PM Kuwait Cement to pay 20 fils/shr dividends
Mubasher: The ordinary general meeting (OGM) of Kuwait Cement approved distributing 20% of capital as cash dividends for fiscal year 2016. The company will pay 20 fils per share to the entitled shareholders, according to a bourse filing issued on …
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26 April 01:35 PM Alafco to discuss Q2 financials early May
Mubasher: Aviation Lease and Finance (Alafco) will hold a board meeting on 2 May to discuss the financial statements of the second quarter ended 31 March 2017, according to a bourse statement issued on Wednesday. Alafco achieved a growth of 72.8% …
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26 April 01:04 PM Boursa Kuwait indices close Wednesday mixed
Mubasher: The indices of Boursa Kuwait closed Wednesday’s trading session with a mixed performance, as the price index levelled up 0.34% or 23.42 points to 6,854.27 points, the weighted index gained 0.20%, and Kuwait-15 index rose by 0.16%. The …
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26 April 01:01 PM Al-Falih, Novak to meet over oil prices support – Agency
Riyadh – Mubasher: Saudi minister of energy Khalid Al-Falih is planning to meet the Russian minister of energy Alexander Novak within the next two weeks to discuss the agreement between OPEC and non-OPEC members to support oil prices, Reuters …
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26 April 12:38 PM Kuwaiti oil falls 58 cents to $48.17 Tuesday
Kuwait – Mubasher: Kuwaiti oil declined by 58 cents on Tuesday to reach $48.17 per barrel (pb) from $48.75 pb on Monday, according to the Kuwait Petroleum Corporation (KPC). Globally, oil prices increased for the first time in five consecutive …
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26 April 12:26 PM Napesco to consider FY16 dividend, bonus mid-May
Mubasher: National Petroleum Services (Napesco) will hold its ordinary general meeting (OGM) on Wednesday, 17 May, to overview the board’s recommendation of distributing cash dividends and bonus shares for fiscal year 2016. Napesco will discuss …
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26 April 11:34 AM Alargan to discuss FY16 dividends late May
Mubasher: Alargan International Real Estate will hold its ordinary general meeting (OGM) on Monday, 29 May, to consider the recommendation of distributing 10% of capital as cash dividends for fiscal year 2016. The company will pay 10 fils per …
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26 April 11:31 AM Al Mowasat profits up 40% in Q1
Kuwait – Mubasher: Al Mowasat Healthcare on Wednesday reported a 40.2% increase in net profits in the first quarter of 2017, compared to the same quarter in 2016. Net profit reached KWD 1.92 million ($6.29 million) in Q1-17, compared to KWD 1.37 …
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26 April 10:38 AM Arzan losses shrink 84.4% in Q4
Mubasher: Arzan Financial Group for Financing and Investment reported a decline of 84.4% in losses during the fourth quarter of 2016 as compared to the same period of 2015. The losses shrank to KWD 1.32 million ($4.33 million) in Q4-16 from KWD …
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26 April 09:59 AM Boursa Kuwait indices opens Wednesday higher
Kuwait – Mubasher: The indices of Boursa Kuwait saw a positive performance in Wednesday’s early trades, backed by the rise of banks and financial services sectors. The price index added 0.10% or 6.91 points to reach 6,837.55 points by 9:55 am …
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26 April 09:49 AM Inovest Q1 profits jump 156.3%
Mubasher: Inovest Group achieved a surge of 156.3% in profits during the first quarter of 2017 as compared to the same period in 2016. The company, which is listed on both Boursa Kuwait and the Bahrain Bourse (BHB), reported a profit of $8.2 …
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26 April 07:57 AM Gulf bourses likely to hold ground Wednesday
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to try to hold at their current levels on Wednesday despite lower-than-expected quarterly financials of some companies, in line with the rise of global stocks to record highs, …
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25 April 05:16 PM Egypt to permit visas to residents of Arab countries
By: Amr Adel Dubai - Mubasher: The chairman of the Egyptian Tourism Promotion Authority (TPA), Hesham El-Demeiry, said on Tuesday that Egypt is considering a decision that will grant entry visas for foreigners who are residents of Arab countries …
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25 April 04:04 PM Al Ahleia Insurance profits down 15% in Q1
Kuwait - Mubasher: The financial statements of Al Ahleia Insurance showed a decline in profits by 14.5% in the first quarter of 2017 compared to the same period last year. The company said in a statement to Boursa Kuwait that net profits reached …
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25 April 01:05 PM Boursa Kuwait ends Tuesday on mixed note
Kuwait - Mubasher: The indices of Boursa Kuwait closed Tuesday's session on a mixed performance. The price index closed stable, while both the weighted and Kuwait-15 indices fell 0.37% and 0.51%, respectively. The market’s liquidity shrank to KWD …
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25 April 01:05 PM Tamdeen raises investments in unit by KWD 3.25m
Kuwait – Mubasher: Tamdeen Investment said it completed its agenda and increased its investments in Tamdeen Real Estate by 3.25 KWD million, according to Alanba newspaper. The company achieved several items on its agenda in terms of operational …
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25 April 11:46 AM Ream denies KWD 2m annual profits
Kuwait – Mubasher: Real Estate Asset Management Company on Tuesday denied news that it achieved a profit of KWD 2 million for 2016, according to a filing to Boursa Kuwait. Local Kuwaiti newspapers reported that the real estate firm had achieved …