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Kuwait: Inflation edges to 3.8% in August

Posted by on 26/10/2015
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Kuwait: Inflation edges to 3.8% in August

Kuwait: Inflation edges to 3.8% in August

KUWAIT: Inflation in consumer prices edged higher in August, rising from 3.6% year-on-year (y/y) in July to 3.8% y/y, mainly on the back of strong gains in food inflation. Inflation across all other components either retreated or remained unchanged. Core inflation (excludes food) eased for the first time in almost a year, but still remains […]

Ooredoo Kuwait embraces the future at GSMA

Posted by on 26/10/2015
Filed under Business

Ooredoo Kuwait embraces the future at GSMA

Ooredoo Kuwait embraces the future at GSMA

KUWAIT: Ooredoo Kuwait sent a high-level delegation to attend the GSM Association’s Mobile 360 Middle East conference in Dubai last week. Ooredoo Kuwait is part of the international Ooredoo Group, which was the platinum sponsor of the conference. Ooredoo’s delegation met global players in the information and telecommunications sector, including Chinese networking giant Huawei, with […]

LG showcases advanced HVAC solutions in Kuwait

Posted by on 26/10/2015
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LG showcases advanced HVAC solutions in Kuwait

LG showcases advanced HVAC solutions in Kuwait

KUWAIT: LG Electronics Gulf FZE in association with Al -Babtain Air conditioning & refrig. Company, held a technical seminar in Kuwait. The seminar had been attended by many stakeholders including ministries engineers and department heads, leading consultants, architects, property developers and MEP contractors. At the event, LG Electronics, one of the leading heating, ventilation, and […]

ABK Q3 profits surge

Posted by on 25/10/2015
Filed under Business

ABK Q3 profits surge

ABK Q3 profits surge

KUWAIT: Al Ahli Bank of Kuwait (ABK) yesterday announced a net profit of KD 29.2 million for the first nine months of 2015, a 7% increase from KD 27.3 million over the corresponding period in 2014. Net operating income also saw a substantial 8% jump, rising to KD 65.4 million from KD 60.6 million when […]

KAMCO supports Kipco Tmkeen award for young entrepreneurs

Posted by on 25/10/2015
Filed under Business

KAMCO supports Kipco Tmkeen award for young entrepreneurs

KAMCO supports Kipco Tmkeen award for young entrepreneurs

KUWAIT: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, and a winner of the prestigious Kuwait Asset Manager of the Year Award 2015, announced its support of the KIPCO Tmkeen Award for Young Entrepreneurs, alongside sister companies. The award will be focusing on active young entrepreneurs with […]

Zain Group records net income of KD 118m for first nine months

Posted by on 25/10/2015
Filed under Business

Zain Group records net income of KD 118m for first nine months

Zain Group records net income of KD 118m for first nine months

KUWAIT: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the nine-month and third-quarter period ended 30 September 2015. Zain Group serves 45.6 million customers as of 30 September 2015, a 4% increase when compared to the same period in 2014. Nine […]

Zain Kuwait partners with Huawei to build NFV – New collaboration aim to reduce operational costs

Posted by on 25/10/2015
Filed under Business, Top Stories

China CB sees ‘very normal’ growth of 6-7% – Yi Gang seeks to cool investor jitters, assures on level of growth

Posted by on 24/10/2015
Filed under Business, Top Stories

China CB sees ‘very normal’ growth of 6-7% – Yi Gang seeks to cool investor jitters, assures on level of growth

China CB sees ‘very normal’ growth of 6-7% – Yi Gang seeks to cool investor jitters, assures on level of growth

BEIJING: China will be able to keep annual economic growth at around 6-7 percent over the next three to five years, a top People’s Bank of China (PBOC) policymaker said yesterday, a day after the bank cut interest rates for the sixth time in less than a year. The comments from Yi Gang, vice governor […]

China cuts rates again as growth stalls – Move comes ahead of key economic meeting next week

Posted by on 23/10/2015
Filed under Business, Top Stories

China cuts rates again as growth stalls – Move comes ahead of key economic meeting next week

China cuts rates again as growth stalls – Move comes ahead of key economic meeting next week

BEIJING: China’s central bank cut interest rates yesterday for the sixth time in less than a year, and it again lowered the amount of cash that banks must hold as reserves in a bid to jump start growth in its stuttering economy. Monetary policy easing in the world’s second-largest economy is at its most aggressive […]

YouTube to launch $10-a-month ad-free video, music plan Red

Posted by on 22/10/2015
Filed under Business, Lifestyle, Movies & Music, Technology

YouTube to launch $10-a-month ad-free video, music plan Red

YouTube to launch $10-a-month ad-free video, music plan Red

YouTube on Wednesday unveiled a new $10-a-month subscription plan in the US called Red that combines ad-free videos, new original series, movies from top YouTubers, and on-demand unlimited streaming music. Red builds on Google’s existing music streaming service by providing ad-free access to YouTube programming, along with features such as the ability to download videos […]

Budget jitters hurt Saudi; Kuwait, Dubai edge down – MIDEAST STOCK MARKETS

Posted by on 22/10/2015
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Budget jitters hurt Saudi; Kuwait, Dubai edge down – MIDEAST STOCK MARKETS

Budget jitters hurt Saudi; Kuwait, Dubai edge down – MIDEAST STOCK MARKETS

DUBAI: Worries that Saudi Arabia may cut subsidies and state spending and raise taxes to cover its budget deficits in an era of cheap oil once again hurt its stock market yesterday, with a negative effect on neighboring markets. Kuwait stocks edged down 0.2 percent to 5,781 points. The International Monetary Fund said on Wednesday […]

Japan offers India soft loan for $15 billion bullet train – 505-km project will link Mumbai with Ahmedabad

Posted by on 22/10/2015
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Japan offers India soft loan for $15 billion bullet train – 505-km project will link Mumbai with Ahmedabad

Japan offers India soft loan for $15 billion bullet train – 505-km project will link Mumbai with Ahmedabad

NEW DELHI: Japan has offered to finance India’s first bullet train, estimated to cost $15 billion, at an interest rate of less than 1 percent, officials said, stealing a march on China, which is bidding for other projects on the world’s fourth-largest network. Tokyo was picked to assess the feasibility of building the 505-kilometre corridor […]