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Asian stocks slide

May 29, 2023 Web Desk 0

Asian stock markets slid Wednesday, according to Associated Press.The Shanghai Composite Index lost 0.5% to 3,230.46 and the Nikkei 225 in Tokyo fell 1.1% to 30,619.21. The Hang Seng in Hong Kong shed 0.9% to 19,260.11.The Kospi in Seoul retreated 0.2…

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ASE closes trading on lower note

May 28, 2023 Web Desk 0

The Amman Stock Exchange (ASE) closed Sunday’s trading session by 0.28 per cent higher at 2,476 points. Four-point-three million shares were traded through 3,042 transactions at a trading value of JD5.6 million. The closing prices of 28 companies with…

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IMF Expects US to Keep High Interest Rates

May 27, 2023 Web Desk 0

The International Monetary Fund (IMF) expected the United States to keep interest rates high for a longer period to curb inflation, stressing Washington’s need to tighten fiscal policy to reduce its federal debt.In a statement issued after reviewing t…

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Kuwait crude oil up USD 1.71 to USD 79.01 pb – KPC

May 25, 2023 Web Desk 0

The Kuwaiti oil price went up by USD 1.71 to USD 79.01 pb on Wednesday against USD 77.30 pb the previous day, the Kuwait Petroleum Corporation (KPC) announced on Thursday.Comparatively, at international markets, forward Brent crude contracts rose by US…

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USD stands at KD 0.307, Euro down to KD 0.330 — CBK

May 25, 2023 Web Desk 0

The US dollar on Thursday stood at KD 0.307 while the Euro dropped by 0.32 percent to KD 0.330, compared with Wednesday’s rates.The Central Bank of Kuwait (CBK) said in its daily bulletin that the British sterling pound went down by 0.64 percent to KD …

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National team starts prepping 5-year industrial policy

May 24, 2023 Web Desk 0

A mechanism to prepare a new industrial policy was agreed upon during the first gathering of a national team assigned to develop a 5-year industrial policy. Chaired by Secretary-General of the Ministry of Industry, Trade, and Supply Dana Alzoubi, the …