Business

EQUATE earns Kuwait’s 1st LEED Silver certification

New company headquarters recognized for its design and construction KUWAIT CITY, May 20: EQUATE’s new headquarters, a refl ection of the company’s efforts to implement its sustainability strategy by 2025, recently earned Kuwait’s first LEED-Silver Building Design & Construction (BD+C) certification for its compliance with the US Green Building Council …

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Tamdeen Group breaks ground on KD 250 mln Al Khiran Project

Mega project located in Sabah Al Ahmad Sea City KUWAIT CITY, May 20: Tamdeen Group, Kuwait’s leading property developer, has broken ground on the impressive KD 250 million Al Khiran Project, The New Pulse of Kuwait, is the largest waterfront recreational tourism destination built by the private sector in Kuwait. …

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Is oil price hitting $100 an advantage?

I certainly hope not after it hit $80 last week. Now oil markets are talking about a higher level, claiming that $100 is not far away. This could happen if OPEC decides to play a passive role in doing things and keeping its production cut of 1.8 million barrels in …

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Asia oil thirst tab $1 trillion a year

Crude prices rise by 20% this year, to almost $80 per barrel SINGAPORE/MUMBAI/MANILA, May 17, (RTRS): Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record, pushing the cost of the region’s thirst for crude to $1 trillion this year, about twice what …

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Russia and China extend economic influence in Iran

Tehran signs oil deal with UK group as France’s Total exists ASTANA, Kazakhstan, May 17, (Agencies): Russia and China moved Thursday to extend their economic influence in Iran, while Europeans are finding it harder to ignore efforts by Washington to isolate Tehran economically. In one of the most concrete moves …

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DAE in talks to place a huge order for 400 jets

DUBAI, May 17, (RTRS): Dubai Aerospace Enterprise (DAE), one of the world’s largest aircraft lessors, is in talks to buy 400 jetliners from Airbus and Boeing and is prepared to expand its fl eet through acquisition if talks fall through, its CEO told Reuters. The move comes months after a …

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Burgan Bank wins prestigious award

Bank recognized as one of best ‘Regional Problem Solvers’ KUWAIT CITY, May 16: Burgan Bank, a dynamic and progressive Kuwaiti bank, was recently awarded one of the best ‘Regional Problem Solver’ awards in recognition of the exceptional solutions addressing potential challenges by its respective Call Center. Dedicated to ensuring optimal …

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Kuwait market slightly higher; volume anemic

ABK climbs 24 fils; Zain slips KUWAIT CITY, May 16: Kuwait stocks ticked higher on Wednesday extending last session’s gains. The All Shares Index rose 3.55 points in sluggish trade to 4,815.46 pts paced by Jazeera Airways and Al Ahli Bank even as the trading board remained mixed ahead of …

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Fraud-hit lender posts largest ever Indian bank loss

Mumbai, May 16, 2018 (AFP) – Shares in fraud-hit Punjab National Bank plunged more than 12 percent on Wednesday after it posted the largest ever quarterly loss for an Indian lender. PNB, the country’s second-biggest state-run bank, has been reeling since announcing in February that it had been the victim …

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HH Premier ‘inaugurates’ Jazeera Airways terminal

KUWAIT CITY, May 15, (KUNA): His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah patronized on Tuesday inauguration of the new passenger terminal for Jazeera Airways at Kuwait International Airport. Jazeera Chairman Marwan Boodai led a group of officials that welcomed His Highness the Prime Minister at the celebration …

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