Kuwait news

Earnings decreased to KWD 2.77 million ($9.15 million) in Q2-17
24 July 04:42 PM Gulf Insurance Q2 profits down 27.6%
Mubasher: Gulf Insurance Group reported a decline of 27.6% in profits during the second quarter of 2017 compared to the same quarter a year ago. Earnings decreased to KWD 2.77 million ($9.15 million) in Q2-17 from KWD 3.83 million ($12.65 million) …
No more OPEC discussions on deepening oil output cuts – Al Falih
24 July 03:38 PM No more OPEC discussions on deepening oil output cuts – Al Falih
Riyadh – Mubasher: Khalid Al Falih, the Saudi minister of energy, industry, and mineral resources on Monday said that there will not be further discussions of deeper oil output cuts from members and non-members of the Organization of the Petroleum …
NBK recorded the highest liquidity
24 July 02:39 PM Boursa Kuwait indices rise at Monday close
Mubasher: The main index of Boursa Kuwait closed Monday’s trading session 0.33% or 22.5 points higher at 6,822.18 points. Similarly, both the weighted and Kuwait-15 indices went up 1.31% and 1.74%, respectively. The oil and gas segment topped …
National Investments Company on Monday reported a 67% year-on-year hike in the volume of its assets under management
24 July 10:31 AM National Investments’ AUM leap to KWD 2bn - Chairman
Kuwait – Mubasher: National Investments Company (NIC) on Monday reported a 67% year-on-year hike in the volume of its assets under management (AUM) to KWD 2 billion in the first half of 2017. Hamad Al Ameeri, chairman of National Investments, told …
The market’s trading value amounted to KWD 10.23 million
24 July 09:50 AM Boursa Kuwait opens Monday in green
Mubasher: The price index of Boursa Kuwait started Monday’s trading session 0.24% or 16 points higher to reach 6,815.71 points. Both the weighted and Kuwait-15 indices went up 1.37% and 1.98%, respectively, by 9:43 am Kuwait time. The consumer …
Earnings increased to KWD 1.17 million in Q2-17
24 July 09:21 AM National Investments Q2 profits rise 78%
Mubasher: National Investments Co achieved a growth of 78.4% in profits during the second quarter of 2017 compared to the same period a year ago. Earnings increased to KWD 1.17 million ($3.86 million) in Q2-17 from KWD 656,000 ($2.17 million) in …
Al Mazaya Holding's profits reached KWD 2.26 million ($7.46 million) in Q2-17
24 July 09:15 AM Al Mazaya Holding posts lower profits in Q2
Mubasher: Al Mazaya Holding, listed on Kuwait's and Dubai’s bourses, posted a 0.88% year-on-year decline in its profits during the second quarter of 2017, according to a statement. Profits reached KWD 2.26 million ($7.46 million) in Q2-17, …
Profits fell to KWD 828,500 ($2.7 million) in Q2-17, from KWD 2.5 million ($8.3 million) in Q2-16
23 July 05:44 PM National International Holding profits fall 66% in Q2
Kuwait – Mubasher: National International Holding Co on Sunday said that its profits decreased by 66.2% in the second quarter of 2017, compared to the year-ago period. Profits fell to KWD 828,500 ($2.7 million) in Q2-17, from KWD 2.5 million ($8.3 …
Saad Faisal Al Motawaa has been chosen as the new vice chairman
23 July 02:39 PM Boursa Kuwait appoints Talal AlGhanim as new chairman
Mubasher - Kuwait: The board of Boursa Kuwait has promoted Talal Fahad AlGhanim as the new chairman, after the resignation of Mohammad Al Saqqaf, according to a statement issued on Sunday. The Capital Markets Authority (CMA) has approved the …
Kuwait’s overall production of oil dropped to 2.7 million barrels from 3.2 million barrels
23 July 02:03 PM Kuwait lost $3bn from OPEC deal - Analysis
Kuwait – Mubasher: Kuwait has lost 300,000 barrels per day (bpd) of its export capacity of crude oil since the output-cut in January to about 2.7 million bpd, according to Al-Anba Kuwait newspaper on Sunday. Before 2017, Kuwait's export portfolio …
Al Imtiaz was the most active stock
23 July 01:14 PM Boursa Kuwait closes Sunday in green
Mubasher: The main index of Boursa Kuwait closed Sunday’s trading session 0.28% or 18.65 points higher to close at 6,799.67 points. Both the weighted and Kuwait-15 indices levelled up 0.19% and 0.10%, respectively. The oil and gas segment topped …
Burgan Bank considers Cityland Mall an attractive investment
23 July 01:11 PM Burgan Bank seals $94m deal with Cityland Group
Mubasher: Burgan Bank has reached an agreement with Cityland Group Real Estate Development to finance Cityland’s project in Dubai for a total value of $94.2 million. This project will be funded by a consortium of banks to build a …
Specialities Group Holding will discuss the company's financial statements for the second quarter ended June 2017 on 26 July
23 July 10:50 AM Specialities Group to discuss Q2 financials 26 July
Kuwait – Mubasher: Specialities Group Holding on Sunday reported that it will discuss the company's financial statements for the second quarter ended June 2017 on 26 July, according to a bourse filing. The Kuwait-listed firm recorded profits of …
PetroGulf was the most active stock
23 July 09:44 AM Boursa Kuwait indices open Sunday higher
Mubasher: The price index of Boursa Kuwait started Sunday’s trading session 0.25% or 17.40 points higher to reach 6,798.36 points. By 9:35 am Kuwait time, both the weighted and Kuwait-15 indices gained 0.55% and 0.76%, respectively. The banks …
The United Arab Emirates Minister of Energy Suhail Al Mazroui
21 July 04:06 PM UAE hopes oil markets will tighten in H2-17
Mubasher: The United Arab Emirates Minister of Energy, Suhail Al Mazroui, told Reutuers on Friday that he hopes global supplies will start tightening in the second half of the year when demand picks up. "We have seen healthy demand and a …
The chairman of Egypt Kuwait Holding Company met with the Minister of Investment and International Cooperation Sahar Nasr
21 July 12:21 PM EKH to raise investments in Egypt - Chairman
Cairo - Mubasher: The chairman and managing director of Egypt Kuwait Holding Company (EKH), Al Moataz Al Alfi, said that he intends to increase his investments in the upcoming period. Al Alfi added during his meeting with the Egyptian minister of …
The Organization of the Petroleum Exporting Countries (OPEC)
21 July 11:34 AM OPEC meeting to review output cut levels - Minister
Mubasher: A meeting will be held on Monday in Saint Petersburg, Russia, as members of the Organization of the Petroleum Exporting Countries (OPEC) alongside non-OPEC major producers will assess conformity with a recent output cut resolution. Oil …
Kuwaiti crude oil prices reached $46.51 per barrel on Thursday
21 July 11:23 AM Kuwait oil up $0.74
Kuwait - Mubasher: The price of Kuwaiti oil went up by 74 cents on Thursday, according to the Kuwait Petroleum Corporation (KPC). Prices reached $46.51 per barrel (pb) yesterday, compared to $45.77 pb on the day before, Kuwait News Agency (KUNA) …
The International Monetary Fund
21 July 11:13 AM IMF approves EUR1.5bn loan for Greece
Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF …
Kuwait's trade surplus with Japan witnessed a 46.1% year-on-year growth to JPY 25.6 billion ($228.7 million) in June
20 July 06:43 PM Kuwait's trade surplus with Japan grows 46% in June
Kuwait – Mubasher: Kuwait's trade surplus with Japan witnessed a 46.1% year-on-year growth to JPY 25.6 billion ($228.7 million) in June, according to data released by Japan’s Ministry of Finance (MoF) on Thursday. Kuwait’s imports from Japan …
Burgan Bank on Thursday posted a 24.6% year-on-year surge in profits in Q2-17
20 July 04:08 PM Burgan Bank Q2 profits rises 25%
Kuwait – Mubasher: Burgan Bank on Thursday posted a 24.6% year-on-year surge in profits in the second quarter of 2017, according to a statement by Boursa Kuwait. The Kuwaiti bank recorded a profit of KWD 21.07 million ($69.45 million) in Q2-17, …
The oil and gas sector lost 2% as Energy House Holding retreated 8.58%
20 July 02:42 PM Boursa Kuwait indices close Thursday mixed
By: Mohamed Farouk Kuwait – Mubasher: The price index of Boursa Kuwait closed Thursday 0.19% or 12.9 points lower to reach 6,781.02 points, whereas the weighted and Kuwait-15 indices went up 0.29% and 0.46%, respectively. The price index will see …
CI forecast KFH a stable outlook and a consecutive improvement of its asset quality and profitability metrics in 2017- 18
20 July 02:22 PM Capital Intelligence affirms KFH rating
Kuwait – Mubasher: Capital Intelligence Ratings (CI) on Thursday announced that it has affirmed the financial strength rating (FSR) of Kuwait Finance House (KFH) at 'BBB'. CI gave KFH a stable outlook and forecast a consecutive improvement of its …
AUB on Thursday reported a 4.4% year-on-year increase in profits in Q2-17
20 July 12:40 PM AUB – Kuwait’s Q2 profits rise 4%
Kuwait – Mubasher: Ahli United Bank – Kuwait (AUB) on Thursday reported a 4.4% year-on-year increase in profits in the second quarter of 2017. The Kuwait-listed bank achieved profits of KWD 10.49 million ($34.58 million) in Q2-17 from KWD 10.05 …
Al Imtiaz Investment Group led the trading activity with a volume of 6.78 million shares and a turnover of KWD 1.15 million.
20 July 09:48 AM Boursa Kuwait opens Thursday mixed
Kuwait - Mubasher: The price index of Boursa Kuwait declined 0.79% or 53.6 points to the level of 6,740.3 points. The weighted index remained stable, while Kuwait-15 inched down 0.15%. By 9:39 am Kuwait time, traded volume reached 16.9 million …