Friday , September 21 2018


Al Habtoor acquires properties in Hungary – Group purchases prestigious office complex

DUBAI, UAE, Sept 26: The Al Habtoor Group has confirmed the acquisition of several key properties in Hungary on Sept 25. The Group already owns two luxury hotels in the capital Budapest — The Ritz-Carlton, Budapest, and The InterContinental Budapest. The latest additions to the Group’s property portfolio in the …

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Tehran downplays chances of oil deal, UAE ‘keen’ on freeze – Kuwait’s oil minister arrives in Algiers for IEF, OPEC meetings

ALGIERS, Sept 26, (Agencies): Kuwait’s Deputy Prime Minister, Minister of Finance and Acting Oil Minister Anas Al-Saleh arrived in Algeria on Monday to partake in the 15th International Energy Forum (IEF15), due on Tuesday. Al-Saleh, who heads Kuwait’s delegation to the meeting, is also expected to attend a meeting of …

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Kuwait bourse edges lower; volume jumps – Ooredoo dives 60 fils; Americana flat

KUWAIT CITY, Sept 26 : Kuwait stocks fell slightly on Monday after ticking higher on Sunday. The price index eased 2.36 to 5,407.87 points amid spurt in speculative trading in select counters. The board however remained broadly mixed even as oil prices continued to hover below the $50pb mark. The …

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NBK moving closer to customers digitally – Bank leads change with best global practices

The National Bank of Kuwait continues to position itself as the premier bank of choice for both domestic and foreign corporates doing business in Kuwait. NBK’s role reflects its prestigious reputation and its leadership position in the banking sector locally, regionally and globally. NBK is also known for its strategic …

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JRD International from Dubai introduces RMD boards

Dubai: JRD international (RMD board division), Dubai has evolved and introducing RMD boards made from 100% virgin plastic (PP) having excellent aesthetics appeal, reusability, & recyclability and higher salvages value. JRD International is promoted by Mr. Anupam Lunavat, Dubai based industrialist .RMD boards are engineered products manufactured from PP with …

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Kuwait bourse edges higher; volume drops – NBK gains 10 fils; Zain unchanged

KUWAIT CITY, Sept 25: Kuwait stocks edged higher on Sunday, after posting moderate losses in the last week. The price index, after trading in red for most part of the session, rose 4.43 pts to 5,410.23 points helped by some of the banking shares. The board remained largely mixed in …

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KIPCO and partners announce details of Hessah Al Mubarak real estate project

KUWAIT CITY, Sept 25: KIPCO – the Kuwait Projects Company – and its partners have unveiled the brand identity for the Hessah Al Mubarak real estate development. The project, with its unique location at the outskirts of Kuwait City and overlooking the Arabian Gulf Sea, is Kuwait’s first-ever comprehensive, mixed-use …

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Alghanim Industries hosts Town Hall on gender diversity – CEO Omar Alghanim stresses need to diversify senior ranks

KUWAIT CITY, Sept 24: Fostering a work environment that ensures equal opportunities and supports gender diversity is a top priority of Alghanim Industries, CEO Omar Kutayba Alghanim told senior managers at a company-hosted Town Hall last week. From a regional standpoint, he noted, the Middle East has four times the gender …

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No output deal seen as OPEC meets in Algeria – Iran remains adamant

The proposed unofficial OPEC meeting in Algeria before the end of this month will not result in any agreement. We definitely cannot expect any agreement to freeze the production throughput as long as Iran remains adamant about increasing its crude oil production and acting on its own outside the group. …

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Global concludes exit from JOTF for $29mn – Stake acquired by Invest Bank in Jordan

KUWAIT CITY, Sept 24: Global Investment House (Global) announced today that its alternative asset management arm, Global Capital Management (GCM), concluded a successful exit from the controlling 93.27% stake in Jordan Trade Facilities Company (JOTF) owned by Global MENA Financial Assets Limited (GMFA), an investment fund managed by GCM, and …

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