Sunday , December 17 2017

Business

Apple sees 1st sales dip in more than a decade – Super-growth era falters

SAN FRANCISCO, Jan 27, (RTRS): Apple Inc forecast its first revenue drop in 13 years and reported the slowest-ever increase in iPhone shipments as the critical Chinese market showed signs of weakening, suggesting the technology company’s period of exponential growth may be ending. The slowdown comes as Wall Street analysts …

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Al Andalus Trading Co gets ‘ISO 9001:2008 Certificate’

KUWAIT CITY, Jan 26: Ismail Al Hourani, CEO of Al Andalus Trading Company, announced that the Company has recently received the ISO 9001:2008 Certificate, which emphasizes the Company’s leading position in the area of selling consumer electronics products. Hisham Sorour, Managing Partner of Global Consultants for Business Advisory Services & …

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KMPG Advisory launches its new e-accounting service; Innovative solutions to manage microenterprises, small and medium businesses

KUWAIT CITY, Jan 26: KPMG Advisory Company launched on Jan 26, its new service SBA “Small Business Accounting”, which targets small and medium businesses and microenterprises. This platform provides tools for accounting records management, issuance of management accounts reports and performance assessment reports for these categories of enterprises and businesses. …

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Kuwait bourse treads water; volume recedes – Mabanee Co soars 40 fils; Americana dives

KUWAIT CITY, Jan 26: Kuwait stocks trod water on Tuesday following a losing streak amid sliding oil prices and bearish global backdrop. The bourse inched 1.7 pts lower to 4,936.51 points in lackluster trade even as investors toed caution. The KSX 15 benchmark rose 0.99 pts to 7,77.89 points while …

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Cheap oil blackens global recovery outlook – World trade hit hard

PARIS, Jan 26, (AFP): Lower prices at the pump may be pleasing to American and European consumers, putting breeze in the sails of a limp economic recovery, but the plunge in crude prices has now become a threat to the global recovery. “We are in a situation today where there …

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Panel discussion explores ‘Kuwait Taxation’- British Business Forum holds meeting

KUWAIT CITY, Jan 25: With falling oil prices, a budget deficit, and a recent rise in the Fed interest rates, it looks almost inevitable that Kuwait will introduce corporate taxation, was the general consensus during a panel discussion which was hosted by Donald Teale a BBF Director, during the British …

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Kuwait in spending spree on ‘projects’ despite oil slump

KUWAIT CITY, JAN 25: 2015 was a milestone for Kuwait’s projects market, with an unprecedented KD 9.7 billion ($32.2 billion) worth of contracts awarded during the year, 20 percent more than the year before. Over half of the contracts signed were related to the oil and gas sector, as Kuwait …

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KSE resumes slide with 36.73 pts dip – Americana falls 20 fils; Agility flat

KUWAIT CITY, Jan 25: Kuwait stocks swung lower on Monday as it resumed its downtrend after a modest rebound in the last session. The bourse dropped 36.73 pts in lackluster trade to 4,938.22 points as sentiment soured again amid drop in oil prices. The KSX 15 benchmark slipped 9 pts …

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IT, health care, tourism are priorities – Saudi Arabia presents plan to move beyond oil

RIYADH, Jan 25, (RTRS): Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope with an era of cheap oil. A meeting and presentation at a luxury Riyadh hotel was …

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Al Habtoor leads global initiative to alleviate poverty – KAHF extends invitation to well-known philanthropists around the world

DUBAI, UAE, Jan 24: Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group and Founder of the Khalaf Ahmad Al Habtoor Foundation (KAHF), is leading a global initiative to alleviate poverty. The Chairman said today that he has extended an invitation to well-known philanthropists around the world to join …

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