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Greek govt ‘may resign’ if it loses referendum – European chiefs warn as post-vote situation looks unclear

Posted by on 02/07/2015
Filed under Business, Europe, Top Stories, World

Germany dismisses Greek PM’s bailout offer – Greek pensioners besiege banks to grab cash

Posted by on 01/07/2015
Filed under Business, Europe, Top Stories, World

Kuwait thriving with $188bn of projects currently underway – Demand for high-quality infrastructure growing

Posted by on 01/07/2015
Filed under Business

Kuwait thriving with $188bn of projects currently underway – Demand for high-quality infrastructure growing

Kuwait thriving with $188bn of projects currently underway – Demand for high-quality infrastructure growing

KUWAIT: With $188 billion of projects currently under various stages of planning and construction, Kuwait’s construction sector is poised for significant growth. The demand for high-quality infrastructure along with upscale residential and commercial properties can be seen in several multi-billion dollar projects including: * $7 billion Kuwait Metro project * $3.3 billion Kuwait International Airport […]

Market indicators end June with variance – BAYAN INVESTMENT KSE MONTHLY REPORT

Market indicators end June with variance – BAYAN INVESTMENT KSE MONTHLY REPORT

Posted by on 30/06/2015
Filed under Business

Market indicators end June with variance – BAYAN INVESTMENT KSE MONTHLY REPORT

KUWAIT: Kuwait Stock Exchange (KSE) ended the month of June with variance to its indices. The Price Index closed at 6,202.95 points, down by 1.42 percent compared to the closing of the month before. The Weighted Index decreased by 0.45 percent after closing at 419.94 points, whereas the KSX-15 Index closed at 1,017.02 points increasing […]

Greece lurches towards default – EU makes last-ditch bid to save bailout

Posted by on 30/06/2015
Filed under Business

Greece lurches towards default – EU makes last-ditch bid to save bailout

Greece lurches towards default – EU makes last-ditch bid to save bailout

ATHENS: Greece confirmed it would fail to make a key IMF repayment due yesterday, fanning fears of a chaotic eurozone exit on the same day the country’s international bailout expires. At the same time the European Commission said it had offered an eleventh hour deal to Prime Minister Alexis Tsipras to stave off a crisis […]

Zain appoints Kaliaropoulos as GM of touch Lebanon

Posted by on 30/06/2015
Filed under Business

Zain appoints Kaliaropoulos as GM of touch Lebanon

Zain appoints Kaliaropoulos as GM of touch Lebanon

BEIRUT, KUWAIT: Zain Group, the pioneer in mobile telecommunications across the Middle East and Africa, announces the appointment of telecom stalwart Peter Kaliaropoulos as General Manager of ‘touch’ in Lebanon, the mobile operation Zain manages on behalf of the Lebanese government. Kaliaropoulos’ appointment is effective immediately, and will see him continuing the healthy foundation of […]

Realty sales soften at beginning of summer break – NBK ECONOMIC REPORT

Posted by on 30/06/2015
Filed under Business

Realty sales soften at beginning of summer break – NBK ECONOMIC REPORT

Realty sales soften at beginning of summer break – NBK ECONOMIC REPORT

KUWAIT: The real estate market continued to show softening in May for a second month in a row, after a slight recovery in March. Sales across Kuwait’s three main real estate sectors totalled KD 256million, down 28 percent from a year earlier. Despite the slowdown in activity, the transaction size maintained its strength during the […]

Non-oil growth steady at 5% despite lower oil prices – NBK ECONOMIC UPDATE

Posted by on 29/06/2015
Filed under Business

Non-oil growth steady at 5% despite lower oil prices – NBK ECONOMIC UPDATE

Non-oil growth steady at 5% despite lower oil prices – NBK ECONOMIC UPDATE

KUWAIT: Kuwait’s economic growth is set to maintain a healthy pace despite last year’s collapse in oil prices. Growth, which picked upsince 2013, is being supported by the accelerated implementation of the government’s development plan and a robust consumer sector. Ambitious capital spending targets have boosted aggregate investment and should continue to do so in […]

Nissan region’s fastest-growing auto brand

Posted by on 29/06/2015
Filed under Business

Nissan region’s fastest-growing auto brand

Nissan region’s fastest-growing auto brand

KUWAIT: Kuwait times spoke to Samir Cherfan, Managing Director, Nissan Middle East, on the automaker’s performance, future plans and the new Hybrid Pathfinder. Kuwait Times: Briefly trace your company’s origins in the Middle East and bring us to current on how you are now positioned in the region? Samir Cherfan: Nissan’s relationship with the Middle […]

India’s next weapon? The heat-tolerant dwarf cow – Natural breeds can better withstand climate change

Posted by on 29/06/2015
Filed under Business, Subcontinent, Top Stories, World

‘Black Monday’ in Greece as panic simmers

Posted by on 29/06/2015
Filed under Business, Europe, World

‘Black Monday’ in Greece as panic simmers

‘Black Monday’ in Greece as panic simmers

ATHENS: It has already been dubbed “Black Monday” – jittery housewives, shoppers and business owners queued in vain at cash machines in Athens, where the country awoke to capital controls and shuttered banks. “I have a baby to feed, what am I supposed to do?” secretary Zoe Kallis, 32, told AFP after failing to get […]

flydubai invests in innovation for improved customer service

Posted by on 28/06/2015
Filed under Business

flydubai invests in innovation for improved customer service

flydubai invests in innovation for improved customer service

KUWAIT: As part of its strategy to enhance its ability to manage with greater autonomy andcontinued growth of its operations, flydubai has announceda new agreement with Radixx International that will allow it to take the customer experience to a new high. The agreement between flydubai and the provider of cloud-based reservation and distribution systems for […]

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