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Kuwait Investment shares jump on KIA plan – Kuwait fund to resume selling stakes in local firms

Posted by on 23/10/2014
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Kuwait Investment shares jump on KIA plan – Kuwait fund to resume selling stakes in local firms

Kuwait Investment shares jump on KIA plan – Kuwait fund to resume selling stakes in local firms

DUBAI: Shares in Kuwait Investment Co surged yesterday after the Kuwait Investment Authority (KIA) said it would offer its stake in the firm to the public in the first half of 2015, as it resumes a program of selling off stakes in local listed companies. Kuwait Investment Co jumped 7.6 percent while Kuwait’s main stock […]

Global oil supply edged up by 500,000 bpd in 2013: OAPEC

Posted by on 23/10/2014
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Global oil supply edged up by 500,000 bpd in 2013: OAPEC

Global oil supply edged up by 500,000 bpd in 2013: OAPEC

KUWAIT: Total global oil supplies involving crude and natural gas liquids (NGLs) remarkably shot up by 500,000 barrels per day (bpd) to 90.1 million bpd in 2013, 0.6 percent over the figure reported in 2012, according to a recent OAPEC report. The oil supply rate of the Organization of Arab Petroleum Exporting Countries (OAPEC) member […]

Saudi produces more, supplies less oil in Sept

Posted by on 23/10/2014
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Saudi produces more, supplies less oil in Sept

Saudi produces more, supplies less oil in Sept

DUBAI: Saudi Arabia supplied less oil in September even as its output edged up, an industry source familiar with the matter said yesterday. Supply to the market – both domestically and for exports – may differ from production depending on the movement of barrels in and out of storage. The dip in supply comes when […]

Manufacturing moving from China to US: Survey – Companies reshoring to US up 20% from last year

Posted by on 23/10/2014
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Manufacturing moving from China to US: Survey – Companies reshoring to US up 20% from last year

Manufacturing moving from China to US: Survey – Companies reshoring to US up 20% from last year

WASHINGTON: Large manufacturers are increasingly moving production back to the United States from China, according to a new report by The Boston Consulting Group released yesterday. In the third annual survey of US-based senior executives at manufacturing companies with annual sales of at least $1 billion, the number of respondents who said their companies were […]

India picks up pace on economic overhaul

Posted by on 23/10/2014
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India picks up pace on economic overhaul

India picks up pace on economic overhaul

NEW DELHI: After months of criticism for not moving aggressively enough on promises of an economic overhaul, India’s new prime minister has announced a string of policies designed to kick-start Asia’s third-largest economy. Over the past week, Prime Minister Narendra Modi has unveiled an overhaul of India’s archaic labor laws, freed diesel prices from state […]

Toyota’s global hybrid cumulative sales top 7 million units

Posted by on 22/10/2014
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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
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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
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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
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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
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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
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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 […]

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