Home » Archives by category » Business

Zain KSA signs agreement with Saudi Finance and Telecom authorities

Posted by on 16/12/2018
Filed under Business

Zain KSA signs agreement with Saudi  Finance and Telecom authorities

Zain KSA signs agreement with Saudi Finance and Telecom authorities

Agreement to consolidate annual royalty fees; and settles disputed amounts for past 9 years RIYADH/KUWAIT: Zain Saudi Arabia (Zain KSA) has signed an agreement with the Kingdom’s Ministry of Finance (MOF), Ministry of Communications and Information Technology (MCIT), and Communications and Information Technology Commission (CITC) to consolidate the annual royalty fee for commercial service, reducing […]

NBK Capital to be coordinator of largest bond issue in Kuwait for Burgan Bank

Posted by on 16/12/2018
Filed under Business

NBK Capital to be coordinator of largest bond issue in Kuwait for Burgan Bank

NBK Capital to be coordinator of largest bond issue in Kuwait for Burgan Bank

CEO outlines NBK Capital’s strategy in interview with Sky News Arabia KUWAIT: Faisal Al-Hamad, the Chief Executive Officer (CEO) of NBK Capital Company, said that the company has a new strategy for the next three years. It follows the needs of the company’s customers and focuses on three sectors: asset management, investment services and financial […]

Oil prices plunge to 14-month low on oversupply, economic woes

Posted by on 16/12/2018
Filed under Business

Oil prices plunge  to 14-month low  on oversupply,  economic woes

Oil prices plunge to 14-month low on oversupply, economic woes

KUWAIT: Brent crude spot price dropped 23 percent during November-18 as concerns over continued oversupply in the oil market coupled with global economic growth concerns overshadowed output cut announcement by OPEC+. Prices remained volatile during the first half of December-18 but witnessed some improvement initially on the back of a trade truce announced between US […]

Foreign investors can own, trade in local bank shares

Posted by on 15/12/2018
Filed under Business, Kuwait, Other News

Foreign investors  can own, trade in  local bank shares

Foreign investors can own, trade in local bank shares

KUWAIT: The ministry of commerce and industry has issued a decision allowing foreign investors to own and trade Kuwaiti banks’ shares. But the approval of the Central Bank of Kuwait (CBK) should be obtained, if ownership exceeds five percent of the bank’s capital, the ministry in a press statement yesterday. The latest move comes in […]

J&J knew for decades that asbestos lurked in its Baby Powder

Posted by on 15/12/2018
Filed under Business, Top Stories

J&J knew for decades  that asbestos lurked  in its Baby Powder

J&J knew for decades that asbestos lurked in its Baby Powder

LOS ANGELES: Darlene Coker knew she was dying. She just wanted to know why. She knew that her cancer, mesothelioma, arose in the delicate membrane surrounding her lungs and other organs. She knew it was as rare as it was deadly, a signature of exposure to asbestos. And she knew it afflicted mostly men who […]

ABK wins The Asian Banker Credit Risk Management Award for 2018

Posted by on 15/12/2018
Filed under Business

ABK wins The Asian Banker Credit  Risk Management Award for 2018

ABK wins The Asian Banker Credit Risk Management Award for 2018

Award ceremony held during MEA International Finance Dialogue 2018 KUWAIT: Al-Ahli Bank of Kuwait (ABK), recently listed as one of the top 10 safest banks in the Middle East by Global Finance, was conferred the prestigious ‘Achievement in Credit Risk Management in the Middle East and Africa’ award by The Asian Banker. The award ceremony […]

KFH role in fostering economic ties between Kuwait and Turkey hailed

Posted by on 15/12/2018
Filed under Business

KFH role in fostering economic ties between Kuwait and Turkey hailed

KFH role in fostering economic ties between Kuwait and Turkey hailed

Al-Marzouq heads KFH’s delegation in official business visit of DEiK KUWAIT: Kuwait Finance House (KFH) received the Turkey-Kuwait Business Council under Foreign Economic Relations Board (DEiK) delegation, in an official business visit hosted at Sheraton Kuwait to discuss the current and potential business opportunities between Turkey and Kuwait. KFH delegation was headed by KFH Chairman, […]

Easa Husain Al-Yousifi & Sons Real Estate opens Kuwait Global Steel Services Factory

Posted by on 15/12/2018
Filed under Business

Easa Husain Al-Yousifi & Sons Real Estate  opens Kuwait Global Steel Services Factory

Easa Husain Al-Yousifi & Sons Real Estate opens Kuwait Global Steel Services Factory

Facility is specialized in cutting, shaping and bending steel KUWAIT: Easa Husain Al-Yousifi & Sons Real Estate Company announced the opening of Kuwait Global Steel Services Factory (KGSS) at a ceremony held on December 5th, in the factory location in Amghara Industrial area with the presence of large number of the company’s officials and managers […]

Iran engineers rial recovery as it defies US crippling sanctions

Posted by on 13/12/2018
Filed under Business, Middle East, Top Stories, World

Iran engineers rial recovery as  it defies US crippling sanctions

Iran engineers rial recovery as it defies US crippling sanctions

Authorities boost dollar supplies, intimidate speculators TEHRAN: Iran is intervening in the foreign exchange market and threatening speculators to engineer a dramatic recovery of its rial currency, easing pressure on the oil-exporting economy as Tehran defies renewed US sanctions. The rial jumped to 105,500 against the US dollar on Wednesday from 117,000 at the end […]

Apple to build new $1 billion campus in Austin, Texas

Posted by on 13/12/2018
Filed under Business

Apple to build new $1 billion campus in Austin, Texas

Apple to build new $1 billion campus in Austin, Texas

TEXAS: Apple Inc said yesterday it would spend $1 billion to build a second campus in Austin, Texas that will house as many as 15,000 workers, amid a broader push by many US companies to create more jobs at home. The iPhone maker had announced at the start of the year it would invest $30 […]

Building and construction sector vital for realizing ‘New Kuwait 2035’ vision

Posted by on 12/12/2018
Filed under Business

Building and construction sector vital for realizing ‘New Kuwait 2035’ vision

Building and construction sector vital for realizing ‘New Kuwait 2035’ vision

8th Industries and Construction Exhibition by Expo-Tag opens KUWAIT: Deputy Chairman and CEO of the National Industries Company Dr Adel Al-Subaih confirmed that the building and construction sector is one of the most vital sectors that contribute to realizing the vision of “New Kuwait 2035”, since the urban revival is a manifestation of evolution and […]

GPCA, SABIC and EQUATE hold 4th IP awareness workshop in Kuwait

Posted by on 12/12/2018
Filed under Business

GPCA, SABIC and EQUATE hold 4th IP awareness workshop in Kuwait

GPCA, SABIC and EQUATE hold 4th IP awareness workshop in Kuwait

KUWAIT: As part of development through joint training, the 4th Intellectual Property (IP) Awareness Workshop was organized by the Gulf Petrochemicals & Chemicals Association (GPCA) in collaboration with SABIC and EQUATE Petrochemical Company, a global producer of petrochemicals, from December 12 to 13. The two-day workshop is aimed at promoting awareness about the practice and […]

Page 1 of 234123Next ›Last »