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Kuwait news

16 October 06:22 PM China’s C.bank pumps $28 billion ahead of GDP data
Mubasher: The People’s Bank of China surprisingly injected liquidity into the financial system, by extending loans to banks, ahead of growth data this week.
16 October 05:57 PM US builder morale hits 20-month peak in October–NAHB
Mubasher: US home builder sentiment reached its highest point in almost 20 months in October.
16 October 05:41 PM US business inventories record no change in August
Mubasher: US business inventories surprisingly recorded no change in August, as retail stockpiles were weaker than earlier estimated.
16 October 05:14 PM BoA posts better-than-expected earnings in Q3
Mubasher: Bank of America's earnings in the third quarter of this year came beyond expectations, with main units recording revenue growth.
CEO Middle East of Savills, Steve Morgan
16 October 04:54 PM Savills launches new service for 1st time in Mideast business
Mubasher: Savills announced offering new building and project consultancy services, for the first time, across its Middle East operations. The global agency’s new edge follows regional inbound expansions from several businesses, including …
The USD retreated to USD 16.18 for buying at AAIB
16 October 04:46 PM USD edges down against EGP at banks on Wednesday
Cairo – Mubasher: The US exchange rate slightly fall against the Egyptian pound on Wednesday at several local banks. The USD went down by EGP 0.01 to EGP 16.18 for buying and EGP 16.28 for selling at the National Bank of Egypt (NBE) and Banque …
16 October 03:59 PM S.Korea’s C.bank cuts main rate on slowdown fears, global risks
Mubasher: South Korea's central bank slashed its benchmark interest rate on Wednesday, to its lowest level in two years.
16 October 03:52 PM Updated US retail sales drop 0.3% in September
Mubasher: Initial reading indicated that US retail sales fell by 0.3% in September, snapping a growth that was extended over six months.
Co fund manager of GOF 1, Ahmed Abdallah
16 October 03:46 PM Global Investment House pays $12m dividend to GOF I clients
Mubasher: Global Investment House, a subsidiary of KAMCO Investment Company, has distributed cash dividends worth $12 million to its clients investing in the private equity fund, Global Opportunistic Fund I (GOF I).       Total distribution …
16 October 03:08 PM BoJ to adjust balance sheet when inflation reaches 2%
Mubasher: Bank of Japan Governor Haruhiko Kuroda on Wednesday said that the central bank would maintain its large-scale monetary easing policy, according to Reuters.
16 October 02:36 PM UK house price growth picks up in August
Mubasher: House prices in the UK rose at the slowest pace almost seven years, during the 12-month period ended last August.
The carrying value of this offer totals KWD 8.36 million
16 October 02:33 PM Boubyan Petrochemical receives KWD 21m offer to sell stake in Nafais
Mubasher: Boubyan Petrochemical Company received an offer to sell its entire 21.12% stake in Nafais Holding Company.   The total value of the offer is KWD 21 million or KWD 1 per share, according to a recent bourse statement on Wednesday. The …
The two-day event will also focus on four of the capital’s most ambitious projects
16 October 02:24 PM Saudi Arabia to host Sustainable City Symposium in November
Riyadh – Mubasher: Saudi Arabia will host the Sustainable City Symposium during the period between 12 and 13 November in Riyadh. The event will be organised by the Royal Commission for Riyadh City (RCRC), formally known as Riyadh Development …
16 October 02:19 PM Huawei’s revenue climbs 24.4% in Q3
Mubasher: Huawei on Tuesday reported that its revenue jumped by 24.4% year-on-year in the third quarter of this year.
The trading volume soared by 22.7% to 138.51 million shares
16 October 02:09 PM Kuwaiti indices close Wednesday’s session in rise
By: Mohamed Farouk Mubasher: The indices of Boursa Kuwait ended Wednesday’s session in the green zone, as the All-Share, Main, and Premier markets edged up by 0.6%, 0.02%, and 0.59%, respectively. In the meantime, the bourse’s turnover rose by …
16 October 01:42 PM Gold edges up on Brexit uncertainty; risk-on appetite caps gains
Mubasher: Gold traded higher on Wednesday owing to uncertainty surrounding Brexit negotiations, but a risk-taking sentiment limited gains.
Total grain production dropped to 17.9 million tonnes
16 October 01:41 PM Egypt’s wheat output hits 8.6m tonnes in FY17/18 – CAPMAS
Cairo – Mubasher: Wheat production in Egypt rose by 1.6% year-on-year during fiscal year 2017/2018, the Middle East News Agency (MENA) reported on Wednesday.  The North African nation’s wheat output increased to 8.6 million tonnes in FY17/18, …
16 October 01:18 PM Updated Oil rises on Brexit optimism; weak growth outlook drags
Mubasher: Oil prices declined on Wednesday, dragged down by weaker fuel demand outlook amid lingering worries over a global economic slowdown.
16 October 12:41 PM Eurozone trade surplus grows in August
Mubasher: Preliminary estimates suggested that the Eurozone ran a trade balance surplus of EUR 14.7 billion in August.
The stock settled at 43 fils after earning 8 fils
16 October 12:27 PM Sanam Real Estate’s stock surges 22.9% on Wednesday
By: Mohamed Farouk Mubasher: The stock of Sanam Real Estate hiked by 22.9% during Wednesday’s trading session in Boursa Kuwait, the highest level since July 2019. The stock settled at 43 fils after earning 8 fils by today's mid-session.  …
Expo 2020 Dubai is expected to welcome more than 25 million visitors
16 October 12:21 PM UK tops European destinations for GCC nationals by 2023
Mubasher: The UK is expected to be one of the top European destinations for GCC nationals to visit with a total of 890,000 trips by 2023, according to recent data by  Colliers International. World Travel Market London 2019 (WTM London 2019), which …
16 October 12:16 PM Eurozone annual inflation decelerates in September
Mubasher: Final estimates showed that the Eurozone annual inflation grew at 0.8% in September, down from 1% in August.
The conference offers an opportunity to share experiences
16 October 11:59 AM HYCM, Arabic Forex to host trading education conference in Kuwait
Mubasher: The global forex broker, HYCM, has partnered with Arabic Forex to present the free Forex Trading Education Conference which will take place on 19 October 2019 at the Jumeirah Messilah Beach Hotel & Spa in Kuwait. By hosting this …
16 October 11:55 AM UK output prices growth loses more pace in September
Mubasher: Producer price index for the goods leaving UK factories rose at a slower rate of 1.2% in the year ended September.
16 October 11:40 AM Updated UK consumer inflation remains at slowest pace since 2016
Mubasher: The UK’s consumer price index, the headline gauge for the country’s inflation, remained unchanged month-on-month at 1.7% year-on-year in September.