Saturday, May 25, 2019

Oil slips on economic slowdown, but OPEC-led cuts still support

Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts...

Kuwait backs efforts to stabilize oil market

Kuwait supports international efforts aimed at restoring balance and stability to the global oil market in a manner that serves common interests of crude...

India Central Bank faces trouble getting Banks to cut rates

Indian lenders haven’t fully passed on the central bank’s latest interest rate cut to borrowers, pressuring the monetary authority to loosen policy even more...

Gulf Bank holds AGM and announces Cash Dividend of 10 fils per share

Gulf Bank concluded its Ordinary Annual General Meeting No. 58, held at the Jumeirah Beach Hotel- Kuwait, on Monday, 11 March with a 75.40%...

Oil price vagaries impact Kuwait economy

The 1.2 million barrels-per-day (b/d) cut in oil production instituted by the Organization of Petroleum Exporting Countries (OPEC) and some non-OPEC countries from January...

KPC signs agreement with UK exports entity

Kuwait Petroleum Corporation (KPC) signed Monday a Memorandum of Understanding (MoU) with the UK Export Finance (UKEF) to provide financial support within the petroleum...

Gulf Bank digitizes records with help from Alaris

Alaris, a Kodak Alaris business, today announced that it has played a role in Gulf Bank’s digital transformation journey. The Bank has digitized 50...

Kuwait oil price rises to USD 65.50 pb

Price of the Kuwaiti crude oil rose 64 cents to USD 65.50 per barrelin Thursday's trades, compared to USD 64.86 pb in the Wednesday...

KNPC to export 120,000 bpd to Asia – Official

Kuwait National Petroleum Company (KNPC) signed new contracts with Asian countries to export 120,000 barrels of oil per day to them, said Deputy Managing...

Jazeera Airways announces 2018 earnings

  Jazeera Airways today announced its financial and operational results for the financial year ending December 31, 2018, reporting a record growth of 42.8% in...

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