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MSRY Behbehani shines at Isuzu Service Awards 2013

Posted by on 10/06/2013
Filed under Business

MSRY Behbehani shines at Isuzu Service Awards 2013

MSRY Behbehani shines at Isuzu Service Awards 2013

KUWAIT: Mohammad Saleh & Reza Yousuf Behbehani Company, the authorized distributors of ISUZU vehicles in Kuwait have outperformed other dealers from the region by winning a number of prestigious awards at the Middle East After Sales Conference organized by ISUZU Motors Ltd. in Dubai last week. The awards won by MSRY Behbehani include: 1. Gold […]

Al-Mazaya general assembly agrees against distribution of dividends

Posted by on 10/06/2013
Filed under Business

Al-Mazaya general assembly agrees against distribution of dividends

Al-Mazaya general assembly agrees against distribution of dividends

KUWAIT: Al-Mazaya Holding Company yesterday morning held its Ordinary General Assembly meeting for the year 2012 at Al-Mazaya Tower 1, part of its complex of three towers at the heart of the Kuwaiti capital. Attendance was 81.14  percent and the meeting was inaugurated by Rashid Yaqoub Al-Nafisi, chairman of Al-Mazaya Holding Company, in the presence […]

Kuwait hotel occupancy falls marginally in March

Kuwait hotel occupancy falls marginally in March

Posted by on 09/06/2013
Filed under Business

Kuwait hotel occupancy falls marginally in March

KUWAIT: Hotel occupancy in Kuwait reached 63 percent in March, 1.5-percent less than the same month in 2012, an economic report said yesterday. The average daily booking fee record in March decreased by 10.8 percent compared with that in 2012 where it reached USD 277, the report, issued by Al-Tameer Real Estate Investment Company (Tameer), […]

Chinese investment in US grows – Chinese firms in US employ 30,000 Americans

Posted by on 09/06/2013
Filed under Business, Top Stories

Chinese investment in US grows – Chinese firms in US employ 30,000 Americans

Chinese investment in US grows – Chinese firms in US employ 30,000 Americans

RALEIGH: The biggest-ever Chinese acquisition of a US company faces hurdles in Washington from lawmakers and regulators, but in much of America, Chinese investment is quietly booming. With over $10.5 billion of deals by Chinese companies in the United States so far this year, 2013 is on pace to be the largest year ever for […]

Protiviti names chairman of COSO

Posted by on 09/06/2013
Filed under Business

Protiviti names chairman of COSO

Protiviti names chairman of COSO

KUWAIT: Bob Hirth, a senior managing director with Protiviti, a global consulting firm, has been named chairman of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), the organization that provides thought leadership and guidance on internal control, enterprise risk management, and fraud deterrence. “I am thrilled to become the chairman of COSO and […]

Gulf Bank signs MoU with Export Import Bank of Korea

Posted by on 09/06/2013
Filed under Business

Gulf Bank signs MoU with Export Import Bank of Korea

Gulf Bank signs MoU with Export Import Bank of Korea

KUWAIT: Gulf Bank, with The Export Import Bank of Korea (Korea Eximbank), signed a Memorandum of Understanding which aims at collaboratively financing the industrial and commercial projects in the state of Kuwait. The signing ceremony took place in Seoul, South Korea, on May 28, 2013, and was attended by Khaled Al-Mutawa – Gulf Bank’s General […]

US auto sales see big gains in May – Strong auto sales boost US economy

Posted by on 08/06/2013
Filed under America, Business, Top Stories

US auto sales see big gains in May – Strong auto sales boost US economy

US auto sales see big gains in May – Strong auto sales boost US economy

DETROIT: Price cuts at Nissan and strong demand for pickup trucks helped US auto sales rebound in May after a slight dip in April. General Motors reported its strongest monthly sales since September of 2008. Chrysler, Ford, and Toyota also reported increases. Nissan Motor Co notched its highest May sales ever after cutting prices on […]

Toyota Corolla gets a radical new look – Sporty new Corolla targets youths

Posted by on 07/06/2013
Filed under Business

Toyota Corolla gets a radical new look – Sporty new Corolla targets youths

Toyota Corolla gets a radical new look – Sporty new Corolla targets youths

DETROIT: The Toyota Corolla, an aging, stodgy but reliable economy car, is getting a radical new look. The world’s largest automaker was rolling out a new version of the compact Thursday night at a splashy event in Santa Monica, Calif, hoping to shed the old version’s low-cost image and attract new, younger buyers to its […]

Turkey tourism takes a hit – Hotel reservations down, but visitors shrug off unrest

Posted by on 07/06/2013
Filed under Business, Middle East, Top Stories, World

Turkey tourism takes a hit – Hotel reservations down, but visitors shrug off unrest

Turkey tourism takes a hit – Hotel reservations down, but visitors shrug off unrest

ISTANBUL: Hotel reservations may be down after a week of violent mass protests in Turkey, but plucky tourists on the ground have taken the unrest in their stride. “There was tear gas everywhere. It was quite an adventure,” said one visitor from Iceland. Eva Carla Thorisdottir’s arrival in Istanbul in the heat of clashes between […]

Gold heading for 3rd weekly gains

Gold heading for 3rd weekly gains

Posted by on 07/06/2013
Filed under Business

Gold heading for 3rd weekly gains

LONDON: Gold held above $1,400 an ounce yesterday, on track for their third straight weekly gain, as investors awaited US jobs data for clues on when the Federal Reserve would start tapering off its stimulus program. Monthly US nonfarm payrolls, due at 1230 GMT, will be scrutinized by investors for clues on when the Fed […]

US hiring points to resilience in economy – Jobless rate up as workers re-enter labor force

US hiring points to resilience in economy – Jobless rate up as workers re-enter labor force

Posted by on 07/06/2013
Filed under Business

US hiring points to resilience in economy – Jobless rate up as workers re-enter labor force

WASHINGTON: US employers stepped up hiring a bit in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back its monetary stimulus later this year. The United States added 175,000 jobs last month after adding only 149,000 in April, the Labor Department said yesterday. The May job growth […]

Reliance plans $26bn investment over 3 years

Reliance plans $26bn investment over 3 years

Posted by on 07/06/2013
Filed under Business

Reliance plans $26bn investment over 3 years

MUMBAI: Reliance Industries, India’s biggest private firm, plans to invest 1.5 trillion rupees ($26 billion) in its businesses over the next three years, chairman Mukesh Ambani told shareholders yesterday. “We will be embarking on this investment, the largest we have ever undertaken, in all our five businesses simultaneously,” Ambani said at the energy giant’s annual […]