Sunday, March 24, 2019

Capital Intelligence upgrades Gulf Bank’s Financial Strength Rating to “A-“

KUWAIT: Capital Intelligence Ratings, the international credit rating agency, announced yesterday that it has upgraded the Financial Strength rating of Gulf Bank from "BBB+"...

Dollar rebounds on employment report, but tariff worries persist

British economy still under effects of Brexit KUWAIT: The US dollar was pressured earlier in the week as markets awaited the details of Donald Trump's...

Zain Group CEO Gegenheimer elected to GSMA Board

LONDON/KUWAIT: Zain Group, a leading mobile telecom innovator across the Middle East and Africa announces the election of its Chief Executive Officer, Scott Gegenheimer,...

Gold falls as stronger dollar weighs on prices

LONDON: Gold fell more than 1 percent yesterday, extending losses for a third day as the dollar strengthened, but prices remained underpinned by expectations...

Israel regulator seeks to ban bitcoin

Bitcoin plunged by 30% to below $12,000 JERUSALEM: Israel's markets regulator said on Monday he will propose regulation to ban companies based on bitcoin and...

URC announces acquisition of 40% stake in Insha’a Holding

KUWAIT: United Real Estate Company (URC), leading real estate development company in the Middle east and North Africa region, has announced a 39.17 percent...

EU threatens US with $20bn tit-for-tat tariffs

China's Xi says 'no winner' in any trade war STOCKHOLM: The EU is mulling tit-for-tat tariffs of around $20 billion on US products if Washington...

China urges US to ‘calm down’ in trade row

Possible new US tariffs on Chinese goods not 'cataclysmic:' Ross SINGAPORE/BEIJING: China yesterday urged the United States to "calm down" and return to reason after...

Gold falls, awaiting fresh clues on US rate rise

LONDON: Gold fell yesterday extending last week’s slide as indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil,...

Zain investing heavily in its ‘4Sight’ digital strategy

Zain Group holds AGM with a quorum of 73.91%; dividend of 30 fils for 2018 approved KUWAIT: The annual...

Philippines boosts rates despite economic growth slowdown

MANILA: The Philippine central bank hiked its key interest rates by a decade-high 50 basis points yesterday as it moved to curb inflation, while...

India’s millions pay price of cash ban

BULANDSHAHR, India: Indian farmer Zakir Khan should be sowing his winter crops now. Instead he is stuck at home after the government's shock move...

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24th Mar

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