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Toyota’s global hybrid cumulative sales top 7 million units

Posted by on 22/10/2014
Filed under Business

Toyota’s global hybrid cumulative sales top 7 million units

Toyota’s global hybrid cumulative sales top 7 million units

KUWAIT: Toyota Motor Corporation has announced last week that cumulative global sales of its hybrid vehicles have exceeded the 7 million unit mark as of 30 September 2014, reaching 7.053 million units. This latest millionunit milestone was achieved in the fastest time yet for Toyota, taking just nine months. Helping mitigate the environmental effects of […]

Al Tijaria invests in Turkey Farmlands

Posted by on 22/10/2014
Filed under Business

Al Tijaria invests in Turkey Farmlands

Al Tijaria invests in Turkey Farmlands

KUWAIT: Abdulfattah Marafie – Chairman & Managing Director at Al Tijaria Real Estate Company said that the company has entered a new investment in the Republic of Turkey for an amount of $10 Million. The Turkish market is considered one of the strongest producing and exporting markets in agricultural products in the world. The main […]

Sultan Telecom and subsidiaries receive ISO 9001:2008 Certificate

Posted by on 22/10/2014
Filed under Business

Sultan Telecom and subsidiaries receive ISO 9001:2008 Certificate

Sultan Telecom and subsidiaries receive ISO 9001:2008 Certificate

KUWAIT: Sultan Telecom, a subsidiary of The Sultan Center is a leading telecommunications solutions company, yesterday announced that it has been certified as ISO 9001:2008 compliant for all of its operations after a thorough analysis of its quality system by UKAS Management Systems, a global independent certification body. ISO 9001:2008 sets criteria for a quality […]

Al Mazaya Holding records 585% jump

Posted by on 22/10/2014
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Al Mazaya Holding records 585% jump

Al Mazaya Holding records 585% jump

KUWAIT: Al Mazaya Holding Company has announced its financial results for the first nine months of the year 2014, after a Board of Directors meeting held on Tuesday, October 21, in the presence of Chairman of the Board of Directors Rashid Jacob Al Nafisi, the Board members and CEO. On this occasion, Eng Ibrahim Abdulrahman […]

Kuwait’s Agility sees revenue rebound on emerging markets

Posted by on 21/10/2014
Filed under Business

Kuwait’s Agility sees revenue rebound on emerging markets

Kuwait’s Agility sees revenue rebound on emerging markets

KUWAIT: Revenue at Kuwait-listed logistics company Agility is expected to resume growing next year as emerging markets business expands and the company develops new sectors, chief executive Tarek Sultan said. With more than 20,000 employees and over 500 offices in more than 100 countries, Agility is one of Kuwait’s corporate success stories and a play […]

AUB Kuwait profits jump to KD38.7m – Bank’s net profits rise 9.9% at end of Q3 2014

Posted by on 21/10/2014
Filed under Business

AUB Kuwait profits jump to KD38.7m – Bank’s net profits rise 9.9% at end of Q3 2014

AUB Kuwait profits jump to KD38.7m – Bank’s net profits rise 9.9% at end of Q3 2014

KUWAIT: Ahli United Bank (Kuwait) reported net profits of KD 38.7 million at the end of the third quarter of 2014, ie an increase of 9.9 percent compared with the corresponding period of the previous year. These profits were the outcome of operating revenues amounted to KD 78.3 million from the core business of the […]

NBK named ‘Best Bank in Kuwait 2014’ – Bank bags Global Finance honor for the fifth consecutive year

Posted by on 21/10/2014
Filed under Business

NBK named ‘Best Bank in Kuwait 2014’ – Bank bags Global Finance honor for the fifth consecutive year

NBK named ‘Best Bank in Kuwait 2014’ – Bank bags Global Finance honor for the fifth consecutive year

KUWAIT: National Bank of Kuwait (NBK) has been named the Best Bank in Kuwait 2014 for the fifth consecutive year by the international financial publication Global Finance. The award was presented to George Richani, Head of International Banking Group at NBK, at an award ceremony held on the occasion of the International Monetary Fund Annual […]

Kuwait experiencing a period of renewed growth: Expert – Cityscape Kuwait will support real estate fundamentals: Marwaha

Posted by on 21/10/2014
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Kuwait experiencing a period of renewed growth: Expert – Cityscape Kuwait will support real estate fundamentals: Marwaha

Kuwait experiencing a period of renewed growth: Expert – Cityscape Kuwait will support real estate fundamentals: Marwaha

KUWAIT: Buoyed by surging oil revenues, strong public finances and a growing young population, Kuwait is now experiencing a period of renewed growth after a strong rebound from the global financial crisis, said Deep Marwaha, Group Director for Informa Exhibitions. “Culminating in 2035, the National Development Plan of Kuwait will include five successive five-year plans […]

Hino Motors, Japan, internationally recognized brand of trucks and buses

Posted by on 21/10/2014
Filed under Business

Hino Motors, Japan, internationally recognized brand of trucks and buses

Hino Motors, Japan, internationally recognized brand of trucks and buses

KUWAIT: Hino is the largest manufacturer of heavy and medium-duty trucks in Japan, and the maker of growing number of light-duty trucks, having large market share in Southeast Asia and Australia and global operations serving to meet the growing range of customers in the Americas and in other regions. Hino envisions trucks and buses for […]

Saudi’s NCB pledges to convert to Islamic bank – Bank launches $6bn IPO of its shares

Posted by on 20/10/2014
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Saudi’s NCB pledges to convert to Islamic bank – Bank launches $6bn IPO of its shares

Saudi’s NCB pledges to convert to Islamic bank – Bank launches $6bn IPO of its shares

RIYADH: Saudi Arabia’s biggest bank has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within about five years. The decision, made as the bank launches a $6 billion initial public offer of its shares, the largest-ever equity sale in the Arab world, shows how […]

Top Automan honor shows star Nissan vehicle on right Path – Pathfinder ‘midsize SUV of the year’

Posted by on 19/10/2014
Filed under Business

Top Automan honor shows star Nissan vehicle on right Path – Pathfinder ‘midsize SUV of the year’

Top Automan honor shows star Nissan vehicle on right Path – Pathfinder ‘midsize SUV of the year’

KUWAIT: The Nissan Pathfinder has won ‘Midsize SUV of the Year’ in the Automan Magazine awards, bringing another prestigious trophy to the Japanese automaker’s bulging showcase. “For the Pathfinder to be awarded the title of Midsize SUV of the Year is a tremendous honor for Nissan,” says Samir Cherfan, Managing Director, Nissan Middle East. “This […]

Qalaa Holdings founder and Chairman Ahmed Heikal named ‘African Business Leader of the Year’

Posted by on 19/10/2014
Filed under Business

Qalaa Holdings founder and Chairman Ahmed Heikal named ‘African Business Leader of the Year’

Qalaa Holdings founder and Chairman Ahmed Heikal named ‘African Business Leader of the Year’

KUWAIT: Qalaa Holdings (formerly Citadel Capital, CCAP.CA on the Egyptian Exchange) an African leader in infrastructure and industry, is pleased to announce that its Founder and Chairman Ahmed Heikal has received African Investor’s African Business Leader of the Year Award, honoring his 25-year contribution to the development of business, finance and investment in Africa. The […]

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