– Kuwait’s crude oil exports to Japan fell 1.9 percent in June from a year earlier to 6.34 million barrels, or 212,000 barrels per day (bpd), for the third straight month of decline, government data showed. As Japan’s third-biggest oil provider, Kuwait supplied 11.1 percent of its total crude imports, compared with 7.8 percent […]
Market
Municipality shuts down 46 shops for COVID-19 precaution breaches
Kuwait’s Municipality said on Monday it closed down 46 shops during the Eid Al-Adha holidays for breaching precautionary health guidelines issued by authorities. Some 1,142 warnings were handed out amid inspection visits to 1,197 shops, read a statement. These rounds aimed to fend off street vendors, unlicensed butchers, livestock outlets and those found in breach […]
Kuwait bourse benchmark jumps 96.06 points
Kuwaitآ’s stock exchange closed Tuesdayآ’s session with the benchmark (All Share Market Index) rising by 96.06 points to reach 5018.37 points in an increase worth 1.95 percent. Volume of exchanged stocks under the benchmark hit 124.9 million shares through 7,588 spot transactions, valued at KD 27.17 million (USD 100.5 million). The Main Market Index had […]
Kuwaiti finance minister to form panel for modifying terrorism funding law
Minister of Finance Barrak Al-Sheetan on Tuesday issued a ministerial resolution for forming a panel to examine amendment of the Law 106/2013 on money laundering AND terrorism financing as some of the tasks undertaken by the financial inspection division. Minister Al-Sheetan, in a statement to Kuwait News Agency (KUNA), said his decision was intended to […]
Kuwait bourse posts significant gains
Boursa Kuwait wrapped up Monday’s session with the benchmark (All Share Market Index) rising by 60.22 points to the level of 4,922.31. Stock trades involved 63.74 million shares, in 5,864 spot deals, valued at KD 18.19 million (USD 67.30 million). Main Market Index climbed by 2.5 points to the level of 4,074.54 points, through stock […]
CBK issues bonds, tawarruq with KD 200 mln value
The Central Bank of Kuwait (CBK) announced Monday issuing Kuwaiti Dinars (KD) 200 million (USD 660 million) worth of bonds and tawarruq. It said in a statement, received by KUNA, the three-month issue period has a return rate of 1.250 percent. CBK issued in July 20 KD 240 million (USD 792 million) in bonds and […]