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Financials and Investment News in Kuwait

Kuwait Bourse Ends In Red
7/3/2017 - Trading at Kuwait Bourse ended in the red zone with the benchmark down by 47.3 points to settle at 6,565.22 points.

The weighted index went down by 3.1 points to stand at 395.81 points.
...
Kuwait: ISDB Launches USD 500 Mln-Fund for Science, Technology, Innovation
7/4/2017 - The Islamic Development Bank (IsDB) has launched a USD 500 million fund for science, technology and innovation

The IsDB board members approved the establishment of the fund in their meeting ...
NBK: Kuwait Posts KD 1.6 Bln of Trade Surplus in 1Q17
7/5/2017 - Kuwait's trade surplus held steady at KD 1.6 billion (USD 5 billion) during the first quarter of the year (1Q17) as oil prices slowly begin to recover, the National Bank of Kuwait said.

In it...
Kuwait Bourse Ends Trading on Mixed Board
7/6/2017 - Boursa Kuwait, formerly known as Kuwait Stock Exchange, ended trading with the benchmark going up to reach 6,680.

Meanwhile, the weighted and KSX 15 indices went down to 397.21 and 907.32 po...
Kuwait: Developing Nat'l Tourism Spells Economic Prosperity for Kuwait
7/6/2017 - Developing Kuwait's tourism sector will lead naturally to the development of the national economy, said a Kuwaiti academic .

Professor at Kuwait University's (KU) Industrial and Management Sy...
Kuwait Bourse Ends in Green Zone
7/9/2017 - Trading at Boursa Kuwait ended trading in the green zone with a gain of 43.4 in the price index to reach 6,723 points.

The weighted also rose to 1.95 points, as well as The KSX 15 index wen...
Kuwait: PAI Chief Says Visit Aims at Boosting Knowledge on Russia Industries
7/9/2017 - The Public Authority for Industry (PAI) Director General Abdulkareem Taqi said that his visit to Russia aims at boosting knowledge on Russia's industrial experience.

Taqi made his remarks t...
Boursa Kuwait Ends Trading In Green Zone
7/10/2017 - Boursa Kuwait ended trading in the green zone.

The price index went up by 24.97 points to reach 6,748.54 points.

The weighted rose 1.65 points to stand at 400.81 and KSX 15 index als...
Kuwait, China to Boost Bilateral Ties
7/11/2017 - Minister of Public Works Abdurrahman Al-Mutawa and a visiting Chinese delegation discussed means of promoting bilateral ties in all fields.

An official Chinese delegation is now on a four-d...
Kuwait: NBK Reports Profit of USD 543.5 Mln
7/11/2017 - National Bank of Kuwait (NBK) reported net profits of KD 164.7 million (USD 543.5 million) for the period of 1H 2017 compared to KD 150.6 million (USD 497.1 million) for the same period in 2016.
Kuwait Bourse Ends Trading With Benchmark, Weighted Indices Up
7/12/2017 - Boursa Kuwait, the national stock exchange, ended trading with the price and weighted indices up by 15.9 and 0.05 points respectively.

The price index stood at 6.794.52 points. Meanwhile, th...
Kuwait Finance Ministry: General Reserve Cuts Not Indicative of Deficit
7/16/2017 - Deductions worth KD 28.5 billion (USD 94 billion) in the general reserve from 2015 to 2017 do not represent the deficit for those three years, said Kuwait's Finance Ministry

The majority of ...
Kuwait Bourse Ends Session on Mixed Boards
7/17/2017 - Boursa Kuwait ended trading on mixed boards as the price index shed 7.97 points reaching 6,800.91 points, and also the weighted index lost 0.17 points standing at 405.33 points.

Meanwhile, ...
Kuwait: Global, GCC Yields Mixed in 2Q17 - NBK
7/18/2017 - Global and GCC yields were mixed in 2Q17 as markets reacted to a more optimistic economic outlook, low inflation, and geopolitical risks, said the National Bank of Kuwait (NBK) in a report .

...
Kuwait to Host EU-GCC Energy Event Next Oct.
7/19/2017 - A two-day event on "Energy Efficiency: A Key Driver for Clean Energy Transition" will take place in Kuwait, on October 2-3 October under the patronage of Minister of Oil and Minister of Electricity an...
Kuwait's Trade Surplus with Japan Jumps 46.1 Pct
7/20/2017 - Kuwait's trade surplus with Japan expanded by 46.1 percent from a year earlier to JPY 25.6 billion (USD 228 million) in July, up for the sixth month in a row, thanks to brisk exports, the Japanese Fin...
Kuwait: US$1.4 Billion in Loans by Arab Fund for Economic, Social Development In 2016
7/20/2017 - A total of US$1.4 billion in nine loans were provided by the Arab Fund for Economic and Social Development, AFESD, to six Arab countries during 2016.

The credit has been used in financing $6....
Kuwait Seeks Energy Venture with Traders from Glencore to Vitol
7/25/2017 - OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit traders like Vitol Group and Glencore Plc earn ...
Kuwait Bourse Ends Trading on Mix Board
7/26/2017 - Boursa Kuwait, formerly known as Kuwait Stock Exchange (KSE), ended trading with the benchmark going up by 13.23 points to 6,845.76 points.

The Weighted Index rose by 0.57 points to stand at...
Kuwait: Federal Reserve Keeps Key Interest Rate Unchanged
7/27/2017 - The U.S. Federal Reserve kept ts key interest rate unchanged, indicating that the labor market has continued to "strengthen" and that economic activity has been "rising moderately" this year so far.

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