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Saudi’s STC would be happy with 50% of Kuwait’s VIVA

Posted by on 21/01/2016
Filed under Business

Saudi’s STC would be happy with 50% of Kuwait’s VIVA

Saudi’s STC would be happy with 50% of Kuwait’s VIVA

DUBAI: The chief executive of Saudi Telecom (STC) believes that owning 50 percent of Kuwaiti affiliate Viva would be reasonable, he told Saudi-owned television channel Al-Arabiya yesterday. The kingdom’s leading telecommunications operator holds 26 percent of Viva but announced in November it would launch a voluntary tender offer to acquire up to 100 percent of […]

Iran’s big market tempts European firms – Companies ready to seize business opportunities

Posted by on 20/01/2016
Filed under Business, Middle East, Top Stories, World

With oil drop, Saudi takes steps out of welfare state

Posted by on 20/01/2016
Filed under Business, Middle East, World

With oil drop, Saudi takes steps out of welfare state

With oil drop, Saudi takes steps out of welfare state

RIYADH: Faced with a massive decline in oil revenues, Saudi Arabia’s King Salman marked his first year in power by taking steps to end his kingdom’s generous welfare system. In a year that could set the pace for moving the Saudi economy away from near-total dependence on energy, the 80-year-old monarch took surprising decisions to […]

Gulf stocks battered over oil, world economy woes

Posted by on 20/01/2016
Filed under Business

Gulf stocks battered over oil, world economy woes

Gulf stocks battered over oil, world economy woes

KUWAIT CITY: Stock markets in the energy-rich Gulf States plunged yesterday, following the massive rout in global shares as oil resumed its decline. The fresh fall came a day after most Gulf bourses made a strong rebound as oil and world stocks saw important gains. But all seven bourses in Gulf countries, which pump around […]

Adel Al-Ghanim Automotive Company ireleasing the latest two models of MG

Posted by on 20/01/2016
Filed under Business

Adel Al-Ghanim Automotive Company ireleasing the latest two models of MG

Adel Al-Ghanim Automotive Company ireleasing the latest two models of MG

KUWAIT: Adel Al-Ghanim Automotive Company (exclusive dealer for MG British cars in Kuwait) has just launched two new models of MG (MG 5 Turbo and MG 6 Turbo) within the latest British Masterpiece of its kind, which is released in two new models for the first time in the State of Kuwait. These two new […]

Kuwaiti banks’ risks increase amid real estate slowdown

Posted by on 19/01/2016
Filed under Business

Kuwaiti banks’ risks increase amid real estate slowdown

Kuwaiti banks’ risks increase amid real estate slowdown

KUWAIT: Last Wednesday, a Kuwait International Bank report showed a significant 29% decline in Kuwait’s (Aa2 stable) 2015 real estate sales amid softening prices, suggesting low sales volumes and lower real estate values in 2016. A decline in real estate sales would adversely affect banks’ new business volumes and earnings. A decline in real estate […]

Unveiling the most powerful V8 performance cars ever developed by Lexus

Posted by on 19/01/2016
Filed under Business

Unveiling the most powerful V8 performance cars ever developed by Lexus

Unveiling the most powerful V8 performance cars ever developed by Lexus

KUWAIT, January19, 2016- Mohamed Naser Al Sayer has launched the “F” technology from Lexus powered by innovative engineering, setting new benchmark for the Middle East luxury high performance car segment. Under the F line two of the most powerful Lexus cars ever made: GS F performance-oriented GS F four-door sports sedan and RC F were […]

EQUATE Issues its first G4 Sustainability Report

Posted by on 19/01/2016
Filed under Business

EQUATE Issues its first G4 Sustainability Report

EQUATE Issues its first G4 Sustainability Report

KUWAIT: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, has issued its first Sustainability Report as per the Guideline 4 (G4) set by the Global Reporting Initiative (GRI). EQUATE has issued its first Sustainability Report for the year 2011, and has since then published more comprehensive GRI compliant reports. In addition, the 2014 […]

The 2016 Silverado steals the light at Mall 360 show – Part of Chevrolet Alghanim’s outstanding participation in the 2016 AutoMoto event

Posted by on 19/01/2016
Filed under Business

The 2016 Silverado steals the light at Mall 360 show – Part of Chevrolet Alghanim’s outstanding participation in the 2016 AutoMoto event

The 2016 Silverado steals the light at Mall 360 show – Part of Chevrolet Alghanim’s outstanding participation in the 2016 AutoMoto event

Yusuf A Alghanim & Sons Automotive, the exclusive distributor of Chevrolet vehicles in Kuwait, is participating in the 2016 Auto Moto show that is currently taking place at Mall 360, from January 17th until January 23rd, 2016. Showcasing its latest additions to its wide range of cars, Chevrolet Alghanim promises its attendees a great time […]

KPC board reshuffles key posts in oil sector – Terms of office end of many top officials

Posted by on 18/01/2016
Filed under Business, Kuwait, Other News

KPC board reshuffles key posts in oil sector – Terms of office end of many top officials

KPC board reshuffles key posts in oil sector – Terms of office end of many top officials

KUWAIT: Kuwait Petroleum Corporation’s Board of Directors, chaired by Deputy Prime Minister, Minister of Finance and Acting Minister of Oil Anas Al-Saleh, yesterday conducted a reshuffle of major posts in affiliate companies. The board discussed nominations for the major posts in the oil sector as the term of office ended for a host of top […]

KIA refusing to cooperate in sale probe

Posted by on 18/01/2016
Filed under Business, Kuwait, Other News

KIA refusing to cooperate in sale probe

KIA refusing to cooperate in sale probe

KUWAIT: Head of the National Assembly’s public funds protection committee MP Abdullah Al-Turaiji yesterday accused the state-run Kuwait Investment Authority (KIA) of refusing to cooperate with the panel’s investigation. Turaiji said the committee met yesterday to discuss the issue of selling a real estate services company by KIA in a suspicious way that “serves the […]

OPEC sees oil market rebalancing in 2016 – Iran orders oil output boost, UAE sees ‘harm’

Posted by on 18/01/2016
Filed under Business, Middle East, Top Stories, World