Kuwait news

46 minutes ago Oil drops on record US crude output, weak demand fears
Oil prices fell on Thursday as US crude output rapidly approached an unprecedented 12 million barrels per day, amid concerns about weakening demand.
The contracts are still under discussion
1 hour ago Eastern Co considers new contracts with int'l firms
Cairo — Mubasher: Eastern Co, Egypt’s monopoly cigarette maker, on Thursday has announced that it is considering new manufacturing contracts with international companies. The contracts are still under discussion and any further details will be …
The price of Kuwait’s crude oil hiked $1.45 to $59.64 per barrel (pb) on Wednesday, against $58.19 pb on Tuesday, according to the Kuwait Petroleum Corporation (KPC).
2 hours ago Kuwait’s crude oil grows $1.45 pb on Wednesday
Mubasher: The price of Kuwait’s crude oil hiked $1.45 to $59.64 per barrel (pb) on Wednesday, against $58.19 pb on Tuesday, according to the Kuwait Petroleum Corporation (KPC). Globally, oil prices surged on Wednesday due to the decline in the US …
16 January 11:29 PM Oil goes up at Wednesday's settlement
Mubasher: Oil futures settled higher on Wednesday due to the decline in the US inventories.
16 January 10:34 PM Gold settles up on Wednesday
Mubasher: Gold went up at Wednesday’s settlement, backed by the negative developments in respect of Brexit.
16 January 07:27 PM Goldman Sachs swings to profit in Q4
Goldman Sachs posted a year-on-year profit in the fourth quarter of 2018, while its investment banking and investing and lending revenues came better than expected.
The new loan will not impact the company’s current financial status
16 January 06:52 PM Oula Fuel Marketing secures KWD 9.5m facility
Mubasher: Oula Fuel Marketing has signed a KWD 9.5 million facility agreement with Warba Bank. The new loan will not impact the company’s current financial status, Oula said in a bourse statement, adding that it would disclose any effect resulting …
16 January 06:34 PM US crude inventories drop as oil prices rise
US crude oil stockpiles fell by 2.7 million to 437.1 million barrels in the week ended 11 January.
16 January 06:19 PM US builder sentiment recovers in January
US home builder morale improved in January on a gradual decline in mortgage rates in recent weeks, data showed on Wednesday.
16 January 05:59 PM Bank of America profit surges in Q4 on higher rates
Bank of America on Wednesday reported a year-on-year 208% surge in its net income during the fourth quarter of 2018, while its revenue climbed 11%.
16 January 05:54 PM Kuwait Investment Authority cuts stake in Zain to 24.22%
The Kuwait Investment Authority (KIA) reduced its stake in Mobile Telecommunications (Zain) by 0.39% to 24.22%
16 January 05:52 PM Kuwait invests $2.8bn in Egypt
Kuwait’s investments in Egypt have amounted to $2.8 billion reflecting a business of 1,247 companies
16 January 05:34 PM Dubai Frame attracts 1m visitors in a year
The 150-metre structure offers views of Dubai’s old and modern city
16 January 05:31 PM Etihad Airways launches world’s 1st flight run by UAE plants
Sustainable fuel for the flight was produced from oil in Salicornia plants
16 January 05:26 PM GFH acquires Westside Office Business in UK
GFH along with its clients will invest throughout the holding period up to GBP 39.2 million
16 January 05:18 PM Fiserv to acquire First Data for $22bn
US financial technology provider Fiserv on Wednesday announced that it would purchase payment processor First Data in an all-stock $22 billion deal.
16 January 04:58 PM Platinum may become new ‘Dark Horse’ among metals – PIMCO
Platinum is expected to be the dark horse among major metals in the coming period due to its low price
16 January 04:44 PM US import prices fall in December on lower fuel costs
The costs of the US import dropped in December 2018, helped mainly by lower fuel prices, data showed on Wednesday.
16 January 04:11 PM Turkey C.bank keeps policy rate on hold as inflation slows
Turkey's central bank left its benchmark interest rate unchanged on Wednesday, mollifying investor worries that it could relax policy after inflation retreated.
16 January 03:30 PM No-deal Brexit could be ‘fatal’ – German automakers  
German car manufacturers on Wednesday warned of dire consequences, if the UK crashed out of the European Union without an accord.
16 January 02:51 PM GCC sovereign outlook seen stable despite several challenges – Moody’s
16 January 01:53 PM European 2018 car sales ticks up, extends 5th yearly growth
The European car market grew slightly in 2018, despite contractions in the last four months owing to a new emission test, data showed on Wednesday.
16 January 12:56 PM Updated UK inflation inches down to 2.1% in December
The UK’s consumer price index (CPI), the country’s headline inflation indicator, edged down to 2.1% year-on-year in December 2018, from 2.3% in November.
16 January 12:48 PM UK output price inflation retreats to 2.5% in December
The UK producer price Index for the goods leaving factories went down to 2.5% in the year to December 2018, from 3%.
16 January 12:28 PM Gold rises as dollar weakens on failed Brexit vote
Gold edged up on an expected pause in interest rate hikes and a weaker dollar after rejecting Brexit deal.