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city of kuwait; msci; stock; kuwaiti

Kuwaiti Cabinet Resigns But Parliament Dissolution Seen Unlikely

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(Bloomberg) --Kuwait’s government resigned on Thursday, days after questionings by lawmakers forced a minister to quit and resulted in a request for a no-confidence...

Kuwait, Saudi Arabia stocks climb after MSCI review

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(Bloomberg) --Stocks in Kuwait and Saudi Arabia rose the most in the Gulf as investors reacted positively to a review by index compiler MSCI...

Gulf rate cuts in wake of Federal Reserve are finally joined by Kuwait

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(Bloomberg) --Kuwait joined a round of monetary easing in the Gulf for the first time this year as regional central banks followed the U.S....
oil price; Aramco; saudi arabia

Kuwait, Bahrain wealth funds to consider investing in Aramco IPO

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(Bloomberg) --Sovereign wealth funds in Kuwait and Bahrain said they will consider investing in the initial public offering of Saudi Aramco, while their counterpart...
Abu Dhabi Commercial Bank

ADCB to exit Qatar, Kuwait & India markets, posts net profit of AED 4.196...

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To focus on home market, UAE’s Abu Dhabi Commercial Bank PJSC has started exiting overseas operations in India, Qatar and Kuwait. The bank posted...
banking finance

Gulf’s Holdout on Rates Is About to Jump on Fed Easing Bandwagon

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(Bloomberg) --The only Gulf Arab central bank with an unpredictable monetary policy might finally fall in line this week. In a region where most countries...

MENA economies on top in World Bank’s Ease of Doing Business 2020 report

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Economies in the Middle East and North Africa (MENA) region emerged on the top in World Bank’s Doing Business 2020 report for implementing the...

Climate Risks Push Kuwait to Consider Lower Oil-Capacity Targets

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(Bloomberg) --Kuwait, OPEC’s fourth-biggest member, is considering cuts to its oil production capacity targets, in large part because mounting concern about climate change will...
Oil and Gas

Kuwait Petroleum to lead CDU capacity additions

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Kuwait Petroleum Corp is expected to lead new-build crude distillation unit (CDU) capacity additions in the global refinery industry from planned and announced projects...
city of kuwait; msci; stock; kuwaiti

Kuwait Finance Offers to Buy Ahli United in $8.8 Billion Deal

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(Bloomberg) -- Kuwait Finance House KSCP offered to buy Bahrain’s Ahli United Bank BSC in an all-share deal that’s valued at about $8.8 billion....