Friday, May 24, 2019

Kuwaiti Finance Minister reviews New Kuwait’s 2035 Vision at Arab Gulf States Institute in...

Kuwait's Minister of Finance Dr. Nayef Al-Hajraf on Friday reviewed in a closed-door discussion at the Arab Gulf States Institute in Washington the vision...

Demand for OPEC’s crude to reach 20 million bpd this year

Demand for OPEC's crudes is projected to reach this year 30.3 million barrels per day, lower by 1.1 million bpd compared to the past...

Indian infrastructure firm wins mega pipeline contract in Kuwait

Indian construction and engineering major, Larsen and Toubro (L&T), has won a multi-million dollar pipeline construction contract from Kuwait Oil Company (KOC). The company announced...

Encouraging Kuwait’s entrepreneurial ecosystem

Weaning the economy away from its addiction to oil revenue, and citizens away from their sense of entitlement to perpetual handouts from a welfare...

Developing Asian economies to expand by 5.7 percent: ADB

Developing Asian economies will grow 5.7 percent in 2019, the Asian Development Bank (ADB) said in a report Wednesday, down from 5.9 percent in...

Kuwait to lure US$2.5 billion foreign investment after bourse promotion – firm

Kuwait's stock exchange looks set to secure foreign investment worth USD 2.5 billion after it improved its ranking in the MSCI Emerging Markets Index,...

Oil price fixed at US$70 pb till year’s end – analyst

The price for a barrel of crude oil in the global market is expected to remain at USD 70 until the end of the...

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...

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