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2 July 04:44 PM US initial jobless claims surge 1.427m
The initial jobless claims in the US increased for the first time more than expected by 1.427 million in the week ending on 27 June.
Traded volumes amounted to 83.84 million shares
2 July 02:29 PM Boursa Kuwait closes Thursday on mixed note
Mubasher: Boursa Kuwait closed Thursday’s trading session on a mixed note, as the premiere market and all share indices increased by 0.59% and 0.42%, respectively. Meanwhile, the main market and BK main 50 indices closed on marginal losses, down …
The Sukuk programme is valued at a maximum KWD 2 billion
2 July 01:01 PM KIB obtains central bank’s initial approval for Sukuk issuance
Mubasher: Kuwait International Bank (KIB) has received preliminary approval from the Central Bank of Kuwait (CBK) on 30 June for a Sukuk issuance programme. The value of the issuance is up to KWD 2 billion, or the equivalent in other currencies. …
The initiative involves postponing and reducing rent fees
2 July 12:03 PM Al Mazaya subsidiaries offer rent incentives against COVID-19
Mubasher: Al Mazaya Holding, listed on Boursa Kuwait and the Dubai Financial Market (DFM), announced that some of its subsidiaries have adopted an incentives package to support tenants and real estate investors affected by the coronavirus …
1 July 05:41 PM Asia's economy likely to contract 1.6% in 2020
The IMF expected that Asia's economy will retreat by 1.6% for the first time in history during 2020.
1 July 04:21 PM EasyJet to slash jobs in Berlin, cancel German domestic flights
EasyJet said on Wednesday that it plans to cut jobs and the number of aircraft stationed in Berlin.
The ratings and outlook reflect the satisfactory level of debt
1 July 04:10 PM CI affirms Al Imtiaz's long-term credit rating at 'BBB'; outlook stable
Mubasher: Capital Intelligence (CI) has affirmed the long-term and short-term credit ratings of Al Imtiaz Investment Group at 'BBB' and 'A3', respectively, and lowered its outlook from Positive to Stable. The 'Stable' outlook shows that the …
Turnover increased by 13.7% to KWD 20.57m
1 July 02:20 PM Boursa Kuwait's indices collectively fall on Wednesday
Mubasher: The indices of Boursa Kuwait kept their downward performance for the second session in a row, as the All-Share index and Premier Market index retreated by 0.55% and 0.73%, respectively, by the end of Wednesday's trading session. The Main …
Moody's has affirmed the bank's long-term deposit rating at 'A3'
1 July 12:22 PM Moody's affirms Boubyan Bank's credit ratings; outlook stable
Mubasher: Moody's Investors Service has maintained all the credit ratings of Boubyan Bank, with a 'Stable' outlook, according to the bank's disclosure to Boursa Kuwait on Wednesday. The credit rating agency has affirmed the bank's long-term …
Brent crude futures declined 56 cents
1 July 11:31 AM Kuwaiti crude oil increases $1.2 pb on Tuesday
Mubasher: Kuwaiti crude oil prices rose by $1.22 to $36.34 per barrel (pb) on Tuesday, compared to $35.12 on Monday, 29 June, according to Kuwait Petroleum Corporation (KPC). Globally, the crude oil prices fell amid the increasing concerns over …
The price for Octane 91 has been set at SAR 0.98 per litre
1 July 10:45 AM Saudi Aramco adjusts fuel prices after latest VAT hike
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has adjusted the local fuel prices after the decision to increase the value-added tax (VAT) to 15% came into effect on Wednesday.     The oil giant has set the prices for the Octane …
30 June 06:07 PM UK's economy slides to 40-year low in Q1-20
The UK’s economy witnessed the steepest drop since 1979 during the first quarter of 2020 as household spending collapsed to record levels.
The greenback slid to EGP 16.08 for buying at ALEXBANK and Suez Canal Bank
30 June 04:01 PM USD falls against EGP at local banks on Tuesday
Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound fell by about EGP 0.02 at local banks on Tuesday. The greenback slid to EGP 16.08 for buying and EGP 16.18 for selling at ALEXBANK and Suez Canal Bank. Meanwhile, the USD …
29 June 05:15 PM UK aims to sell GBP 275bn of debt in 5M
The UK is looking to raise a record GBP 275 billion ($340 billion) of government debt from April until the end of August
29 June 05:02 PM BP to sell petrochem business to INEOS for $5bn
London-based BP has approved to sell its global petrochemicals business to INEOS, one of the world's largest chemical producers, at a total of $5 billion.
29 June 04:58 PM COVID-19 drug remdesivir priced at $2,340 per patient in US
Gilead Sciences Inc has set the price of its COVID-19 drug candidate remdesivir at $390 per vial for the US and other developed countries.
The shareholders also agreed on distributing bonus shares
29 June 03:38 PM Agility's shareholders approve dividends, bonus shares distribution
Mubasher: The shareholders of Agility Public Warehousing have approved to pay out 5% cash dividends or 5 fils per share for 2019, according to a press release on Monday. The shareholders also agreed on distributing bonus shares, equivalent to 5% …
The all-share index lost 0.5%
29 June 03:01 PM Boursa Kuwait down on Monday, BK Main 50 adds 0.1%
Mubasher: Boursa Kuwait declined on Monday, as the all-share index lost 0.5%, while the premiere market and main market indices decreased by 0.64% and 0.13%, respectively. On the other hand, the BK main 50 index rose solely by 0.1%. Traded values …
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29 June 01:13 PM Kamco extends credit facility agreement
Mubasher: Kamco Invest announced that it has renewed a credit facility provided by a local bank, according to a statement to Boursa Kuwait on Monday. Under the new agreement, the bank credit facility limit has been increased by KWD 5 million. The …
The five-month contract will generate operating profits
29 June 10:20 AM CGC's unit wins $2m tender for project in UAE
Mubasher: A subsidiary of Combined Group Contracting (CGC) in the UAE won a tender worth AED 7.67 million, equivalent to KWD 644,938 ($2.1 million), for parking lots in the UAE. The owner of the parking lots of the Critical Infrastructure …
Mansour Group, from Egypt, came in first place
28 June 03:24 PM Top 100 Arab family businesses include 36 Saudi firms - Forbes
Mubasher: Saudi Arabia has dominated this year’s Forbes Middle East Top 100 Arab Family Businesses, which are seen as the backbone of the region's economy. Saudi Arabia came in the lead with 36 family businesses, followed by the UAE with 21 …
The premiere market index settled nearly unchanged
28 June 03:21 PM Boursa Kuwait up at Sunday’s close
Mubasher: Boursa Kuwait saw positive performance on Sunday, as the all-share index levelled up by 0.05%, the main market and the BK main 50 indices gained 21% each, while the premiere market index settled nearly unchanged. Traded values decreased …
The capital rise will by through issuing 10.843 million bonus shares
28 June 03:19 PM National International Holding EGM approves KWD 23m capital hike
Mubasher: The extraordinary general meeting (EGM) of National International Holding Company has approved to raise the authorised, issued, and paid-up capital from KWD 21.687 million to KWD 22.772 million. The capital rise will by through issuing …
Careem will benefit from Visa's real-time push payment solution
28 June 01:45 PM Careem partners with Visa to promote cashless payments
UAE - Mubasher: Careem and Visa have inked a partnership agreement to boost cashless payments and digital financial inclusion across the Middle East and North Africa region, according to a press release on Sunday. Under the partnership, Visa …
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28 June 10:50 AM Boursa Kuwait to resume suspended operations
Mubasher: Boursa Kuwait will resume some operations that were suspended due to the precautionary measures against COVID-19 during the past few months. In addition to the ongoing trading on the Kuwaiti stock exchange, as of Sunday 28 June, the …