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Economics
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Private housing business steadies -- report
23/08/2017  |   LOC 17:24 14:24 GMT
Kuwait Finance House (KFH)  KUWAIT, Aug 23 (KUNA) -- Stability of property deals and oil prices contributed to decline of the housing key index and checking inflation which edged up 1.4 percent in Q2 2017 as compared to Q2 2016, Kuwait Finance House said.
KFH said in a report, covering Q2 2017, inflation stood at 1.4......
Zain involves in social, charitable activities
23/08/2017  |   LOC 17:06 14:06 GMT
 KUWAIT, Aug 23 (KUNA) -- Zain telecommunication group announced on Wednesday publicizing its sixth annual report themed "innovate for sustainable future," featuring its agenda in sustainability and social responsibility for 2016.
The company, which operates eight state-of-art telecommunication......
Kuwait's inflation up 1.26 pct in July - CSB
23/08/2017  |   LOC 16:18 13:18 GMT
 KUWAIT, Aug 23 (KUNA) -- The Consumer Prices Index (CPI) rose by 1.26 percent in July 2017 compared to the same month in 2016, the Central Statistical Bureau (CSB) said on Wednesday.
The index figure for July 2017 recorded a decrease of 0.09 percent, compared to June, the CSB added in its......
Kuwaiti official hopes for closer Arab economic ties
23/08/2017  |   LOC 14:53 11:53 GMT
Kuwaiti ministry of finance's assistant undersecretary for economic affairs Sulaiman Al-Abduljalil  CAIRO, Aug 23 (KUNA) -- Arab nations should work together as one cohesive unit to ensure that all strategies laid out by economic and social councils in the region ultimately come to fruition, said a Kuwaiti official Wednesday.
Speaking to KUNA on the sidelines of the 100th session of the Arab......
Riyadh, Bahrain, Kuwait's corporate earnings grow -- Markaz report
23/08/2017  |   LOC 14:36 11:36 GMT
 KUWAIT, Aug 23 (KUNA) -- Kuwait Financial Centre (Markaz) stated that during H1-2017, GCC corporates posted a negative 1% growth compared to the same period last year.
Saudi Arabia, Bahrain and Kuwait were three countries to put up positive earnings performance growing by 7%, 6% and 2%......
Egypt regrets US trimming of annual aid
23/08/2017  |   LOC 14:28 11:28 GMT
 CAIRO, Aug 23 (KUNA) -- Egypt on Wednesday regretted a US resolution to lower allotted funds part of annual American aid for the nation in 2017.
Such a measure may lead to negative repercussions, affecting the two countries' common interests, the Egyptian Foreign Ministry said in a......
Kuwait Bourse ends Wed. on mixed board
23/08/2017  |   LOC 12:48 09:48 GMT
Kuwait Bourse ends Wed. on mixed board  KUWAIT, Aug 23 (KUNA) -- Boursa Kuwait, the national stocks exchange, ended Wednesday's session on mixed board. The price index dropped 9.53 points reaching 6,922.48 points, the weighted index lost 0.05 points reaching 428.98 points and KSX 15 gained 0.67 points standing at 978.6 points.
The......
Kuwait economy to rebound in two years - WB official
23/08/2017  |   LOC 11:51 08:51 GMT
The World Bank's (WB) Country Manager in Kuwait Firas Raad speaking to KUNA  

By Fawaz Karami

KUWAIT, Aug 23 (KUNA) -- The World Bank's (WB) Country Manager in Kuwait Firas Raad said the late 2016 OPEC and major oil producers' agreement, aimed to cut the glut in the global oil production, have added strains on the Kuwaiti economy in 2017.

USD stable at KD 0.301
23/08/2017  |   LOC 09:28 06:28 GMT
USD stable at KD 0.301  KUWAIT, Aug 23 (KUNA) -- The exchange rate of the US Dollar was stable at KD 0.301, while the Euro was down to KD 0.355, said the Central Bank of Kuwait (CBK) Wednesday.
The Sterling Pound went down to KD 0.386, the Swiss Franc also dropped to KD 0.311, while the Japanese yen stood still at KD......
Large Saudi minister-led business delegation visits Iraq
23/08/2017  |   LOC 01:09 22:09 GMT
Iraq's Prime Minister Haidar Al-Abadi meets with Saudi Arabia's Minister of Commerce and Investment Majed Al-Qasabi  

BAGHDAD, Aug 22 (KUNA) -- Saudi Arabia's Minister of Commerce and Investment Majed Al-Qasabi arrived in Iraq on Tuesday heading a large delegation of Saudi businessmen and government representatives.
According to an official Iraqi statement, the minister began his visit with a......

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KUNA publishes a book titled (His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah: A Humanitarian Leader) to commemorate the UN honoring of Kuwait's leader

 
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