Finance

VIENNA, The United Nations and China signed on Thursday a Memorandum of Understanding on cooperation in combating corruption.The new agreement will allow the UN Office on Drugs and Crime (UNODC) and China to strengthen cooperation on the implementation…

WASHINGTON, US and Libyan officials met in the nation’s capital to discuss “specific measures to increase transparency and accountability of economic and energy institutions, support unified governance of sovereign institutions and ensure stable financ…

WASHINGTON, US President Donald Trump affirmed on Tuesday afternoon the phase one trade deal, recently reached with China, would be a source of pride for American farmers as it allows the export of large amounts of agricultural products to China. Welco…

TOKYO, Tokyo stocks extended their winning streak for a fourth straight session Wednesday, with a key index ending at a fresh 10-month high buoyed by overnight gains on Wall Street.The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE…

RIYADH, Saudi and Russian companies meeting in Riyadh on Monday signed 17 agreements and four investment licenses on a range of sectors, including energy, logistics and space, during the Russian president’s visit.The deals, which also target petrochemi…

TOKYO, Tokyo stocks rose for the third straight session on Tuesday, sending a key index to end at a near six-month high.As investors were cheered by a partial US-China trade deal and expectation for construction demand following a weekend typhoon, the …

WASHINGTON, The global economy is now in a “synchronized slowdown” with growth for 2019 downgraded to 3.0 percent, “its slowest pace since the global financial crisis” in part because of “rising trade barriers and increasing geopolitical tensions,” an …

KUWATI, Boursa Kuwait ended Monday’s trading in the red zone with the Premier Market index closing at 6,225.92 points, an decrease of 0.12 points.The Main Market and All Share indices down up by 15.49 and 5.05 points respectively, closing at 4,725.03 a…

KUWAIT, The Central Bank of Kuwait (CBK) issued, Monday, KD 240 million (USD 792 million) worth of tawarruq bonds, said a statement.In a statement obtained by KUNA, the CBK announced the most recent issues of bonds related to tawarruq would be for thre…

VIENNA, OPEC’s Secretary General, Mohammad Sanusi Barkindo said Monday that this year OPEC World Oil Outlook will provide expert analysis of many of the various challenges and opportunities facing the global oil industry.OPEC’s World Oil Outlook to be …

RIYADH, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said Monday that the trade war and slowing economic growth affected oil prices, in which markets are fluctuating due to increased supply and demand.Saudi Arabia warned about the impact …

KUWAIT, Volume of Over the Counter (OTC) platform saw a drop to 93.5 million shares traded last week, with a value of KD 406,600 (USD 1.38 million) through 60 deals.According to a report released by Al-Mowazi Company on Sunday, immediate trades saw an …

KUWAIT, Kuwaiti Finance Minister Dr. Nayef Al-Hajraf stressed Sunday on the importance of the ministry’s role as the country’s financial director for laying safe and accurate bases for budget estimations according to four pillars; sustainability, effec…

WASHINGTON, The Securities and Exchange Commission (SEC) announced Friday that it has filed an “emergency action” and obtained “temporary restraining order” against two offshore entities “conducting an alleged unregistered, ongoing digital token offeri…

KUWAIT, Kuwaiti developers foresee phased recovery of the property market in Q4 2019 following summer stagnation and affirm that realty remains safe investment for many Kuwaiti entrepreneurs Qais Al-Ghanim, Secretary of the Kuwaiti “Ittihad Al-Iqareyee…

KUWAIT, Kuwait’s non-oil exports went up 164 percent last September, compared to the same period in 2018, said the Ministry of Commerce and Industry on Saturday.The total number for certificates of origin for Arab and foreign countries’ exports was abo…