Tuesday, January 22, 2019

GE wins $2.6bn contract to make trains in India

NEW DELHI: The Indian government has awarded a $2.6 billion contract to General Electric to develop and supply Indian Railways with 1,000 diesel locomotives...

Fitch affirms NBK’s long-term ratings at AA-, outlook stable

KUWAIT: Fitch Ratings, the international credit rating agency, affirmed National Bank of Kuwait’s (NBK) Long-term Issuer Default Rating (IDR) at ‘AA-’, the highest in...

Kuwait credit growth slows despite household borrowing – NBK ECONOMIC REPORT

KUWAIT: Credit saw a moderate gain in August, with growth easing slightly to 5.2 percent y/y. Total credit rose by a net KD 102...

Ooredoo gives special campaigns for small business owners

KUWAIT: Ooredoo Kuwait, a member of the international Ooredoo Group, launched a special month-long offer to support small business owners across Kuwait. Business owners...

Kuwait’s huge cash reserves allow it to move ahead with reforms: IMF – ‘Citizens...

KUWAIT: International Monetary Fund's Chief Christine Lagarde said in remarks published yesterday that Kuwait is privileged with enormous financial reserves, which allow the country...

Adapt to oil price drop, IMF chief urges Gulf – Lagarde expects crude prices...

DOHA: International Monetary Fund chief Christine Lagarde warned yesterday that global energy prices could remain low for years and urged Gulf countries to adjust...

Investment for the individual and government

What is Investment? Investment is vital for customers, corporations and even governments; it is a strategy of planning to maximize income. Most large corporations reforecast...

Toyota Prius takes center-stage on the Toyota stand at the Tokyo Motor Show

Toyota presented its vision for the future of mobility at this year's Tokyo Motor Show, where three very different new concept cars were revealed....

Abe: Pacific Rim free trade deal set rules for economy – ‘Japan, US lead...

TOKYO: Prime Minister Shinzo Abe yesterday hailed a huge Pacific Rim free-trade deal, saying it showcased a bid by Japan and the United States...

Cheap oil eats into Saudi corporate profits – Total net profits shrink 14% on...

DUBAI: Saudi Arabian corporate earnings shrank during the third quarter of this year as low oil prices began hurting the wider economy, and are...

MENA region in serious economic crisis: expert

KUWAIT: The Middle East and North Africa (MENA) region has a serious economic crisis and countries within it are advised to accept and do...

Jazeera Airways Group announces 11.7% rise in year-to-date net profit

KUWAIT: Jazeera Airways today announced its third quarter financial results. The company recorded a 2.4% rise in net profit for the quarter, bringing its...

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