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Dubai airport soars in rankings of world’s busiest

Posted by on 11/07/2014
Filed under Business, Top Stories

Dubai airport soars in rankings of world’s busiest

Dubai airport soars in rankings of world’s busiest

DUBAI: Now that he’s had a taste of running the world’s busiest air hub for international passengers, Dubai Airports CEO Paul Griffiths is determined to hang on to the honor while setting his sights on an even bigger prize: beating Atlanta for the title of busiest airport on the planet. Dubai International Airport has been […]

India building world’s highest railway bridge

Posted by on 11/07/2014
Filed under Business, Top Stories

India building world’s highest railway bridge

India building world’s highest railway bridge

KAURI: Indian engineers are toiling in the Himalayas to build the world’s highest railway bridge which is expected to be 35 meters taller than the Eiffel Tower when completed by 2016.  The arch-shaped steel structure is being constructed over the Chenab River to link sections of the spectacular mountainous region of India’s northern Jammu and […]

India’s govt spells out ‘Modi-nomics’ – Modi budgets for growth, aims to curb deficit

Posted by on 10/07/2014
Filed under Business, Subcontinent, Top Stories, World

India’s govt spells out ‘Modi-nomics’ – Modi budgets for growth, aims to curb deficit

India’s govt spells out ‘Modi-nomics’ – Modi budgets for growth, aims to curb deficit

NEW DELHI: Indian Prime Minister Narendra Modi’s new government yesterday unveiled a first budget that seeks to revive growth and curb borrowing, but left open questions on how it would reduce the fiscal deficit and restore investor confidence. Expectations had been high that Modi would utilize India’s strongest election mandate in 30 years to take […]

British workers strike over ‘poverty pay’

Posted by on 10/07/2014
Filed under Business, Europe, Top Stories, World

British workers strike over ‘poverty pay’

British workers strike over ‘poverty pay’

LONDON: Hundreds of thousands of public sector workers including teachers, council workers and firefighters staged a 24-hour pay strike yesterday in a stoppage that has prompted Prime Minister David Cameron to pledge a crackdown on union powers. Protesters marched through the streets of many of Britain’s main cities in one of the biggest co-ordinated labor […]

Growing economic, commercial relations between India, Kuwait

Posted by on 09/07/2014
Filed under Business

Growing economic, commercial relations between India, Kuwait

Growing economic, commercial relations between India, Kuwait

KUWAIT: India and Kuwait enjoy historically close, warm and friendly ties. The visit of HH Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, Prime Minister of Kuwait to India in November 2013 has imparted a new thrust to the growing India-Kuwait relationship, an Indian Embassy press release said yesterday. The bilateral trade turnover has crossed $18 billion mark […]

IDB approves more than $447m for financing new development projects

Posted by on 09/07/2014
Filed under Business

IDB approves more than $447m for financing new development projects

IDB approves more than $447m for financing new development projects

KUWAIT: The 298th meeting of the Board of Executive Directors of the bank that convened on Sunday at the IDB headquarters in concurrence with the 39th Annual Meeting of the Board of Governors of the Islamic Development Bank (IDB), approved $447.6 million towards financing several new development projects in a number of member countries as […]

Be a certified FRM (Financial Risk Manager)

Posted by on 09/07/2014
Filed under Business

Be a certified FRM (Financial Risk Manager)

Be a certified FRM (Financial Risk Manager)

KUWAIT: Performance Inc Kuwait consulting now provides the training for FRM Certification. The Financial Risk Manager (FRM) is the certification recognized among financial risk professionals worldwide, with 17,673 FRM holders in 90 countries across the globe. Hussain A Jowhar the Managing Director of Performance Inc Kuwait Consulting WLL has confirmed that such FRM Program is […]

Gulf Bank launches World MasterCard

Posted by on 09/07/2014
Filed under Business

Gulf Bank launches World MasterCard

Gulf Bank launches World MasterCard

KUWAIT: Gulf Bank has announced the launch of the new World MasterCard credit card in collaboration with MasterCard, which is now available to the bank’s premium customers. The new credit card has multiple benefits for cardholders, including: the Gulf Rewards Program which offers cardholders two points for every KD 1 spent; frequent special discounts provided […]

Ooredoo companies win string of awards for customer experience

Posted by on 09/07/2014
Filed under Business

Ooredoo companies win string of awards for customer experience

Ooredoo companies win string of awards for customer experience

Ooredoo’s focus on customer experience has enjoyed strong industry recognition this year, winning a string of awards for its operations in the Middle East, North Africa and Southeast Asia. With the global launch of the Ooredoo brand in February 2013, Ooredoo made differentiation through the customer experience a central pillar of its strategy – to […]

United Kingdom – A hub for Islamic commerce

Posted by on 08/07/2014
Filed under Business

United Kingdom – A hub for Islamic commerce

United Kingdom – A hub for Islamic commerce

Recent years have seen Kuwait become an increasingly global destination – proud of its ambitions, but also even more proud of its Islamic heritage. Often however as a business or country opens up to the global c o m m u n i t y , there is a danger that some of its traditions […]

India pays $550 m in oil dues to Iran

Posted by on 08/07/2014
Filed under Business

India pays $550 m in oil dues to Iran

India pays $550 m in oil dues to Iran

NEW DELHI: India paid a second installment of $550 million in oil dues to Iran yesterday under an interim deal that has allowed Tehran access to $4.2 billion in blocked funds globally, two industry sources said. Asian buyers such as Japan and South Korea have already cleared some of the money they owe for imports […]

India govt unveils plans to revive crumbling railways – India seeks foreign investors

Posted by on 08/07/2014
Filed under Business, Subcontinent, World

India govt unveils plans to revive crumbling railways – India seeks foreign investors

India govt unveils plans to revive crumbling railways – India seeks foreign investors

NEW DELHI: India unveiled plans yesterday to open its railways to foreign investment and introduce the first bullet train in a budget for the network closely watched for clues about the new government’s economic priorities. The rail finance bill is regarded by economists as setting the stage for the general budget-due tomorrowin which the right-wing […]

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