Finance

TOKYO Kuwait’s trade surplus with Japan shrank 12.9 percent from a year earlier to JPY 39.5 billion (USD 369 million) in February, down for the first time in three months due to weak exports, government data showed Wednesday.But Kuwait stayed in black …

KUWAIT Ministry of Commerce and Industry said on Wednesday three commercial stores and a number of vegetable vendors’ stands were closed for violating regulations against the novel coronavirus (COVID-19).The ministry said in a statement that teams insp…

KUWAIT Minister of Health Sheikh Dr. Basel Al-Sabah announced Wednesday that three patients of the novel coronavirus recovered, bringing the total number to 15.In remarks to Kuwait News Agency (KUNA), Sheikh Basel said analyses and laboratory X-ray tes…

KUWAIT Price of Kuwaiti crude oil shed USD 3.30, settling at USD 32.16 pb Monday against USD 35.46 pb last Friday, Kuwait Petroleum Corporation (KPC) said Tuesday.In global markets, prices took another nosedive as the already growing fear of the corona…

KUWAIT Kuwaiti Minister of Information Mohammad Al-Jabri on Tuesday visited the Union of Fresh Dairy Producers to verify the sufficiency of milk stock in the country.During the tour, Al-Jabri, who doubles as Minister of State for Youth Affairs, was bri…

PARIS French share prices tumbled again Monday in nervous trading as the Coronavirus crisis dominated investor sentiment, brokerages at the Paris Exchange said.The CAC 40 index of premium shares fell 5.75 percent to close at 3,881.46 points, falling be…

KUWAIT Ministry of Commerce and Industry said Sunday 1.5 million masks meeting the Ministry of Health’s specifications have been imported in a drive to compensate the shortage in masks.The ministry added in a statement 7.5 million masks have so far bee…

TOKYO Tokyo stocks plunged for the third straight session on Friday, with a key index ending at a near three-and-a-half year low following a sharp sell-off on Wall Street overnight amid increasing coronavirus crisis.The benchmark Nikkei 225 Stock Avera…

KUWAIT The US Dollar’s maintained exchange rate against the Kuwaiti Dinar (KD) Thursday at 0.305, the Central Bank of Kuwait said.It added the British Sterling Pound dropped to KD 0.392, while Swiss Franc rose to KD 0.327 and the Japanese Yen kept the …

BERLIN Germany’s stock market slid below the 10,000-point mark as the whole world was adopting protective measures against spread of coronavirus.The DAX 30 plunged 5.5 percent to 9.864 points, the Frankfurt stock market announced in a statement.The dro…

TEHRAN Iran Thursday asked the International Monetary Fund (IMF) for USD five billion funding to confront spread of coronavirus.Iranian Central Bank Governor Abdolnaser Hemmati sent a letter to IMF Managing Director Kristalina Georgieva asking for quic…

KUWAIT Kuwait custom department said Thursday it was activating its emergency plans to make sure goods flow smoothly through the border crossings.The department, in a statement, said it would only receive people under strict circumstances and noted tha…

PARIS Share prices on the Paris Stock Exchange nosedived in hectic trading Thursday, with the CAC 40 Index losing 10 percent in mid-afternoon, amid heightened concern about the impact of the Coronavirus, Bourse brokerages said.Boursorama Brokerage said…

PARIS Economic growth in the powerful Group of 20 nations (G20) slowed to 0.6 percent in the fourth quarter of 2019 compared with 0.8 percent in the preceding quarter, the Organisation for Economic Cooperation and Development (OECD) said on Thursday.Fo…

PARIS The French Stock market went into an almost free-fall tailspin Thursday, with the CAC 40 Blue Chips index falling 12.28 percent to 4,044.26 points, the biggest historic decline ever recorded in single day, market sources said.The CAC 40 was weak …

Kuwait National Petroleum Company said Wednesday that work in all fueling stations will continue as usual.KNPC Deputy Director and Spokesman Abdullah Al-Ajmi told KUNA that the company will provide the stations with their needs of petro and other deriv…