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US mulls tariffs on steel, aluminum imports

Posted by on 14/02/2018
Filed under Business, Top Stories

US mulls tariffs on steel, aluminum imports

US mulls tariffs on steel, aluminum imports

China warns Trump trade sanctions threaten global economy WASHINGTON: US President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminum imports that he said were unfairly hurting US producers, including tariffs and quotas. Trump’s comments – his strongest signal in months that he will take at least […]

Global supports Yargici in franchising its lifestyle retail brand into Saudi, Kuwait

Posted by on 14/02/2018
Filed under Business

Global supports Yargici in franchising its lifestyle retail brand into Saudi, Kuwait

Global supports Yargici in franchising its lifestyle retail brand into Saudi, Kuwait

After years of robust growth within Turkish market KUWAIT: Global Investment House (Global), a regional asset management and investment banking firm headquartered in Kuwait, with offices in major capital markets in the MENA region, announced yesterday that Yargici Konfeksiyon Ihracat ve Ticaret A S (Yargici), one of the leading women fashion retail brands in Turkey […]

Burgan Bank Group announces net income of KD 65.2 million for 2017

Posted by on 14/02/2018
Filed under Business

Burgan Bank Group announces net income of KD 65.2 million for 2017

Burgan Bank Group announces net income of KD 65.2 million for 2017

Board of Directors recommends 7% in cash dividends, 5% in bonus shares KUWAIT: Burgan Bank Group announced yesterday its full year 2017 earnings. The set of results for the period ending in 31st December 2017 reflected Burgan Bank’s continuous focus on maximizing returns for shareholders, delivering high quality earnings, operating efficiencies, and to further improve […]

Motul partners with Kuwaiti Drift Champion Ali Maksheed

Posted by on 14/02/2018
Filed under Business

Motul partners with Kuwaiti Drift Champion Ali Maksheed

Motul partners with Kuwaiti Drift Champion Ali Maksheed

Agreement for impressive run in Drift series KUWAIT: Al-Sayer Engineering, a subsidiary of Al-Sayer Holding sponsored the Kuwaiti drift Champion Ali Maksheed as part of the partnership agreement for Motul oil their franchise brand of lubricants from France, which was signed recently. The partnership comes as a title sponsor featuring Motul logos on Ali Maksheed’s […]

Trump unveils ambitious infrastructure plan

Posted by on 13/02/2018
Filed under Business, Top Stories

Trump unveils ambitious infrastructure plan

Trump unveils ambitious infrastructure plan

Budget proposals include steep social cuts, rising deficits WASHINGTON: US President Donald Trump on Monday unveiled an ambitious proposal to renew American infrastructure as part of a budget that calls for a stunning rise in debt and trillions in cuts to the social safety net and other spending. The blueprint for the 2019 fiscal year […]

KFH reaps 28 renowned international awards in 2017

Posted by on 13/02/2018
Filed under Business

KFH reaps 28 renowned international awards in 2017

KFH reaps 28 renowned international awards in 2017

Awards recognize KFH Group’s outstanding performances in all fields KUWAIT: Kuwait Finance House (KFH) continued its outstanding performance in all indicators and bagged 28 renowned international awards in 2017 at the Group level from prestigious international institutions. The awards were in recognition of the Bank’s distinguished performance in all fields, prestigious status and leading Islamic […]

Zain holds ordinary general assembly

Posted by on 12/02/2018
Filed under Business, Kuwait, Top Stories

Zain holds ordinary general assembly

Zain holds ordinary general assembly

KUWAIT: Zain Group yesterday held its ordinary general assembly at its head office with an attendance rate of 84.69 percent at the request of a group of shareholders who own more than 10 percent of the company’s shares to discuss the Zain board of directors’ decisions regarding the company’s recent share transactions, the factors considered, […]

Al-Jassar to support weightlifters, boxers

Posted by on 12/02/2018
Filed under Business

Al-Jassar to support weightlifters, boxers

Al-Jassar to support weightlifters, boxers

KUWAIT: Secretary General of the Interior Committee that is running the affairs of boxing and weight lifting federations and Chairman of the two federations committee Talal Al-Jassar said the procedures of having each federation independent from the other are going ahead as one of the important conditions to lift the suspension by the International Olympic […]

Al-Tijari declares net profit of KD 55.4 million for 2017

Posted by on 12/02/2018
Filed under Business

Al-Tijari declares net profit of KD 55.4 million for 2017

Al-Tijari declares net profit of KD 55.4 million for 2017

CBK Board recommends 18% cash dividend and 10% bonus shares   KUWAIT: Subsequent to Commercial Bank of Kuwait’s disclosure of the financial statements for the year ended 31/12/2017, Ali Al-Mousa, the Bank’s chairman said that “I would like to invite our valued shareholders, investors and stakeholders to read the details of the published financial statements […]

France inks $16bn Airbus deal in Dubai

Posted by on 11/02/2018
Filed under Business

France inks $16bn Airbus deal in Dubai

France inks $16bn Airbus deal in Dubai

French PM oversees major deal with Emirates DUBAI: French Prime Minister Edouard Philippe yesterday hailed the signing in Dubai of a $16 billion purchase by Emirates Airlines of the Airbus A380 superjumbo commercial airliner. “This is obviously excellent news for the French aerospace industry and for the European industry as a whole, as it allows […]

As France’s economy takes off, labor shortages pose a threat

Posted by on 10/02/2018
Filed under Business, Top Stories

As France’s economy takes off, labor shortages pose a threat

As France’s economy takes off, labor shortages pose a threat

PARIS: Business is booming for Sylvie Guinard, who runs French machine manufacturer Thimonnier. The problem is, she can’t find the enough staff – even in a country where millions of people are out of work. Guinard, who has a workforce of about 80, struggled for months to find the 10 engineers and technicians she needed […]

Worthless currency becomes art in Venezuela

Posted by on 08/02/2018
Filed under America, Business, World

Worthless currency becomes art in Venezuela

Worthless currency becomes art in Venezuela

Inflation in oil-rich, cash-poor economy churns on CARACAS: Venezuela’s currency has lost so much value that people simply throw away their small bills-they are virtually worthless anyway. Enter Wilmer Rojas, 25, who scoops them up off the street, uses an origami-like folding technique, a needle and thread to make handbags with an eye to selling […]