Home » Archives by category » Business (Page 214)

Indian court overturns Nestle noodle ban, orders new tests

Posted by on 14/08/2015
Filed under Business, Europe, Subcontinent, Top Stories, World

$1.57bn Zour contract awarded

$1.57bn Zour contract awarded

Posted by on 13/08/2015
Filed under Business, Kuwait, Other News

$1.57bn Zour contract awarded

KUWAIT: Kuwait has awarded a new $1.57 billion contract for work on its planned Al-Zour oil refinery to a consortium made up of Italy’s Saipem and another firm, state news agency KUNA reported yesterday. The 45-month contract, valued at KD 475.32 million ($1.57 billion), was the lowest offer submitted in the tender, Khalid Al-Asousi, spokesman […]

NBK enhances online security

Posted by on 13/08/2015
Filed under Business

NBK enhances online security

NBK enhances online security

KUWAIT: National Bank of Kuwait (NBK) introduces NBK Secure Online Shopping Service through 3D Secure technology. This new service provides the highest level of Credit Card and Prepaid Card protection for its customers against unauthorized usage when shopping online. NBK presents this latest and enhanced Credit Card and Prepaid Card security feature in association with […]

KFIC reports a profit of KD543.710 for first half

Posted by on 13/08/2015
Filed under Business

KFIC reports a profit of KD543.710 for first half

KFIC reports a profit of KD543.710 for first half

KUWAIT: Kuwait Finance and Investment Company (KFIC) has announced its financial results for the first half results of 2015, where the company attained a profit of KD 543.710. In this occasion, Board Member and Chief Executive Officer, Tareq Mishari Al-Bahar stressed that the quarterly results demonstrate that KFIC enjoys a strong and significant financial position. […]

Kuwait exports plunge by half as imports rise – Volume of trade also falls by a third

Kuwait exports plunge by half as imports rise – Volume of trade also falls by a third

Posted by on 12/08/2015
Filed under Business, Kuwait, Other News

Kuwait exports plunge by half as imports rise – Volume of trade also falls by a third

KUWAIT: Kuwait’s exports were about KD 4 billion in Jan-Mar 2015, a 46.0 percent decrease, and imports were KD 2.3 billion, an 11.1 percent increase, compared to Jan-Mar 2014, according to Central Statistical Bureau. In Jan-Mar 2015, balance of trade was KD 1.7 billion, while it was KD 5.4 billion in Jan-Mar 2014 – a […]

China devaluation heralds currency war – US dollar on the rise as China devalues yuan

Posted by on 11/08/2015
Filed under Business, Top Stories

China devaluation heralds currency war – US dollar on the rise as China devalues yuan

China devaluation heralds currency war – US dollar on the rise as China devalues yuan

LONDON: China’s shock 2 percent devaluation of the yuan yesterday pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis. Stocks fell in Asia and Europe as investors worried about the implications of a move designed to support […]

Kuwait’s total spending on energy projects to reach $100bn

Posted by on 11/08/2015
Filed under Business

Kuwait’s total spending on energy projects to reach $100bn

Kuwait’s total spending on energy projects to reach $100bn

KUWAIT: A wide range of construction industry topics delivered by renowned international industry speakers will be featured at the upcoming Big 5 Kuwait. The largest construction event is set to take place from September 14 – 16, 2015 at the Kuwait International Fair. Architects, Interior Designers, Consultants, Procurement Managers, Contractors, Real Estate Developers, Engineers, and […]

Gold records longest weekly losing streak since 1999

Posted by on 11/08/2015
Filed under Business

Gold records longest weekly losing streak since 1999

Gold records longest weekly losing streak since 1999

LONDON: Gold extended a recovery from recent lows yesterday as its resilience below $1,100 disappointed those expecting a deeper decline, but expectations that US interest rates could rise as early as September kept up pressure on prices. The metal has fallen in the second half of this year on the prospect of rising rates, which […]

Mohamed Naser Al-Sayer & Sons opens new Lexus Quick Service Ce

Posted by on 11/08/2015
Filed under Business

Mohamed Naser Al-Sayer & Sons opens new Lexus Quick Service Ce

Mohamed Naser Al-Sayer & Sons opens new Lexus Quick Service Ce

KUWAIT: Mohamed Naser Al Sayer & Sons, one of the Al Sayer Group Holding Companies announced the commencement of operations of the new Lexus service center facility located at Shuwaikh. Faisal Bader Al Sayer, Vice Chairman of Al Sayer Group cut the ribbon marking the inauguration of the brand new facility. Main attendees of the […]

KOC launches 3D exploratory survey project at Kuwait Bay

Posted by on 10/08/2015
Filed under Business, Kuwait, Other News

KOC launches 3D exploratory survey project at Kuwait Bay

KOC launches 3D exploratory survey project at Kuwait Bay

KUWAIT: Kuwait Oil Company (KOC) announced yesterday the start of the 3D exploratory survey project in Kuwait Bay near the city of Al-Jahra in cooperation with China National Petroleum Corporation (BGP). It is one of the largest three-dimensional surveys projects in the world and part of the company’s strategy for 2030 aimed to produce 65.3 […]

KAMCO announces financial results for H1 of 2015

Posted by on 10/08/2015
Filed under Business

KAMCO announces financial results for H1 of 2015

KAMCO announces financial results for H1 of 2015

KUWAIT: KAMCO Investment Company K.S.C. (Public), 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 financial results for the first half ended June 30, 2015. The company recorded a net profit of KD 145,000 with […]

KFH takes part in 15th Industrialists’ Conference as Diamond Sponsor

Posted by on 10/08/2015
Filed under Business

KFH takes part in 15th Industrialists’ Conference as Diamond Sponsor

KFH takes part in 15th Industrialists’ Conference as Diamond Sponsor

KUWAIT: The Gulf Organization for Industrial Consulting (GOIC) announced that Kuwait Finance House (Baytak) has joined the sponsors of the 15th Industrialists’ Conference “Foreign Direct Investment in GCC and its impact on industry” as Diamond Sponsor of this key event hosted by the State of Kuwait on the 25th and 26th of November, 2015. The […]