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Sour ‘is sweet’: OPEC’s view of quality dilemma – African barrels are most distressed by US oil boom

Posted by on 28/05/2015
Filed under Africa, Business, World

Sour ‘is sweet’: OPEC’s view of quality dilemma – African barrels are most distressed by US oil boom

Sour ‘is sweet’: OPEC’s view of quality dilemma – African barrels are most distressed by US oil boom

LONDON: The US shale oil boom is turning global crude pricing on its head with the historical notion that light grades shall be priced at a premium to heavy ones quickly disappearing, according to predictions from producer group OPEC. The trend will have big implications for global oil flows, reducing revenues of light-oil-producing nations such […]

Qatar slides on FIFA probe and arrests – MIDEAST STOCK MARKETS

Posted by on 27/05/2015
Filed under Business

Qatar slides on FIFA probe and arrests – MIDEAST STOCK MARKETS

Qatar slides on FIFA probe and arrests – MIDEAST STOCK MARKETS

DUBAI: Qatar’s bourse fell sharply yesterday after the United States and Switzerland launched criminal probes against FIFA officials, while other Gulf stock markets were weak as oil prices failed to recover from Tuesday’s drop. Swiss authorities opened criminal proceedings against individuals on suspicion of mismanagement and money laundering related to the award of rights to […]

Agility profitability grows across various business entities: Sultan

Posted by on 27/05/2015
Filed under Business

Agility profitability grows across various business entities: Sultan

Agility profitability grows across various business entities: Sultan

KUWAIT: Agility yesterday held its Ordinary and Extra Ordinary General Assembly Meeting for the year ending 31st December 2014 with a quorum of 76.01 percent. The assembly has approved distribution of 5 percent bonus shares (5 shares for every 100 shares) and a 35 percent cash dividend (35 fils for every share) in addition to […]

India Property Exhibition 2015 – right time to invest

Posted by on 27/05/2015
Filed under Business

India Property Exhibition 2015 – right time to invest

India Property Exhibition 2015 – right time to invest

KUWAIT: Aashiaana in association with Lodha presents Property Mela 2015 which will be held on 29th and 30th May at the Crowne Plaza Hotel, Farwaniya, Kuwait from 10.00am to 8.00pm. The two-day Property Melaco-sponsored by Sunteck Realty Ltd, Kanakia Spaces Pvt Ltd is an ideal opportunity for NRIs looking for investment in real estate India […]

Belgium embassy’s Commercial Office visits Kuwait Realty Fair

Posted by on 27/05/2015
Filed under Business

Belgium embassy’s Commercial Office visits Kuwait Realty Fair

Belgium embassy’s Commercial Office visits Kuwait Realty Fair

KUWAIT: The Commercial Office at the Embassy of Belgium in Kuwait organized, by invitation from Brussels Invest and Export, a trip to some Kuwaiti real estate companies to visit Realty fair which is organized annually in Brussels. The participants met during this trip with local and European exhibitors active in several fields such as real […]

Noor posts profit in 2014 for third consecutive year

Posted by on 27/05/2015
Filed under Business

Noor posts profit in 2014 for third consecutive year

Noor posts profit in 2014 for third consecutive year

KUWAIT: Noor Financial Investment Company KPSC yesterday held its Annual General Meeting for 2014 and an Extraordinary General Meeting. The meetings were headed by the Chairman, Dr Fahad Sulaiman Al-Khaled and shareholders presence reached 76.64 percent. Dr Al-Khaled explained that despite the difficult conditions during fourth quarter of 2014caused by the sharp decline in oil […]

VIVA wins ‘Best Industry Call Center’ and ‘Best Medium Help Desk’ Awards

Posted by on 27/05/2015
Filed under Business

VIVA wins ‘Best Industry Call Center’ and ‘Best Medium Help Desk’ Awards

VIVA wins ‘Best Industry Call Center’ and ‘Best Medium Help Desk’ Awards

KUWAIT: VIVA, Kuwait’s fastest-growing and most developed telecom operator, has been awarded with the ‘Best Industry Call Center’ and ‘Best Medium Help Desk’ Awards from INSIGHTS – Middle East Call Center Awards 2015, the only Call Centre dedicated, Professional Services Organization in the Middle East. Mishari Al-Hamad from VIVA’s Customer Care Department received the awards […]

ProMaster International launches its business activity in Kuwait

Posted by on 26/05/2015
Filed under Business

ProMaster International launches its business activity in Kuwait

ProMaster International launches its business activity in Kuwait

KUWAIT: ProMaster International Company for General Construction Material Trading, announced the launching of its operation for distribution within the markets of Kuwait and the Middle East, offering quality brands and products that aim to deliver satisfaction to different consumer segments. Louay Diab, General Manager, stated that the company has established a distribution agreement with EuroMaster, […]

Hill+Knowlton, Buchanan join forces to launch H+K Financial – Comprehensive corp communications consultancy in MEA

Posted by on 26/05/2015
Filed under Business

Hill+Knowlton, Buchanan join forces to launch H+K Financial – Comprehensive corp communications consultancy in MEA

Hill+Knowlton, Buchanan join forces to launch H+K Financial – Comprehensive corp communications consultancy in MEA

KUWAIT: Hill+Knowlton Strategies (H+K), the Middle East and Africa region’s (MEA) longest established international communications consultancy, and Buchanan, one of the world’s leading financial communications consultancies, have joined forces to launch H+K Financial, a specialist financial communications division dedicated to MEA. Staffed by 60 advisors with professional backgrounds including investment banking, equity research and financial […]

Kuwait’s resident credit growth picks up in March – NBK ECONOMIC REPORT

Posted by on 26/05/2015
Filed under Business

Kuwait’s resident credit growth picks up in March – NBK ECONOMIC REPORT

Kuwait’s resident credit growth picks up in March – NBK ECONOMIC REPORT

KUWAIT: Resident credit growth picked up in March, though growth eased to 5.4 percent year-on-year (y/y) on basis effects. Credit was up a healthy KD 214 million, its strongest gain in four months. Most of the gain was in household debt, credit for securities purchases and real estate. Money supply saw a strong month as […]

Kuwait’s trade surplus with Japan narrows 34% in April – Overall exports to Japan plunges to $646 million

Kuwait’s trade surplus with Japan narrows 34% in April – Overall exports to Japan plunges to $646 million

Posted by on 25/05/2015
Filed under Business

Kuwait’s trade surplus with Japan narrows 34% in April – Overall exports to Japan plunges to $646 million

TOKYO: Kuwait’s trade surplus with Japan narrowed 34.0 percent in April to JPY 63.8 billion ($524 million) from a year earlier, shrinking for the sixth month, as exports declined by almost 30 percent, the Finance Ministry said yesterday. But Kuwait maintained black ink with Japan for the 87th consecutive month, the ministry said in a […]

Iran scraps monthly petrol subsidy – Gas prices to go up by 40% in subsidy cut

Posted by on 25/05/2015
Filed under Business, Middle East, Top Stories, World

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