Business
CBK slashes discount rate by 25 basis points to 4 percent
In light of its vigilant monitoring of the domestic and international economic developments and the end of the monetary tightening cycle initiated since March 2022 at most of global central banks, the Board of Directors of the Central Bank of Kuwait …
Japan, UAE to launch FTA negotiations
Japan and the United Arab Emirates (UAE) have decided to launch negotiations for a free trade agreement (FTA), Japanese Foreign Minister Yoko Kamikawa announced Wednesday. In a press conference, minister Kamikawa expressed hope of “concluding an ambi…
Turkish Transport Minister: Plans to implement the development road project with Iraq nearing completion
Turkish Minister of Transport and Infrastructure Abdulkadir Oraloglu announced that the plans to implement the development road project with Iraq are nearing completion, and that the project is expected to start at the beginning of next year.
Oralogl…
Kuwait’s August trade surplus with Japan up 15 pct
Kuwait’s trade surplus with Japan widened 15.0 percent from a year earlier to JPY 76.9 billion (USD 521 million) in August, up for the first time in two months buoyed by strong exports, government data showed on Wednesday.
Kuwait stayed in black ink…
Iraq, Azerbaijan Discuss Enhancing Joint Trade Cooperation
Minister of Trade Athir Dawood Al-Ghariri discussed with the Azerbaijani Minister of Transport and Digital Development, Rashad Nabiyev, today, Wednesday, enhancing joint trade cooperation and finding new mechanisms for transporting goods and commoditi…
Oil prices close higher at settlement
Oil prices closed higher on Tuesday, reaching their highest level this month, with increasing supply disruptions and traders betting that demand will grow if the Federal Reserve/US Central Bank/cuts borrowing costs this week.
Brent crude futures rose…
The Egyptian Exchange (EGX) ended Wednesday’s trading session in the green amid Arab selling
Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
EGX 70 surged by 1.16 percent to 7,070.08 points, followed by EGX 100 rising by 1 percent to close the session w…