Business

EU annual inflation drops

European Union annual inflation was 7.1 percent in May, down from 8.1 percent in April however, it was 8.8 percent a year earlier, according to the EU’s statistical office, Eurostat.Annual inflation in the euro area in May was down to 6.1 percent from…

A Slight Decline in Global Oil Prices

Oil prices fell slightly during trading today, Friday, amid expectations of more monetary easing in China and despite concerns about further monetary tightening in the United States and Europe.UBS expects, in a note, a supply deficit in the market of a…

Brussels Syria conf. raises EUR 5.9 bln

The 7th Brussels conference on Syria concluded Thursday evening after pledging EUR 5.9 billion (USD 6.4 billion), announced Janez Lenarcici, EU Commissioner for Crisis Management in closing remarks.”We have raised together a total pledge of EUR 5.9 bi…

Kuwait’s bourse holds gathering with financial conglomerates

Boursa Kuwait held its “10th institutional day” in the British capital with participation of 12 listed companies, more than 50 conglomerates specialized in investments and financial assets management, where it shed light on investment opportunities in …

Kuwait Oil Company initiates new gas pipeline

Kuwait Oil Company (KOC) today announced the operation of a new strategic gas line extending from northern Kuwait operations area to Mina Al-Ahmadi, with a size of 40 inches.In a statement carried by Kuwait News Agency (KUNA), KOC said that the 140-km…