Thursday , October 19 2017

Business

US rates begin on path to normal in 2016 Fed and market views diverge

KUWAIT CITY, Dec 18: With its December first tightening in 9 years, the so-called “lift-off” is finally behind us. Phew! The federal funds rate is up 25 basis points (bps) to a target of 25- 50 bps. Markets can now move on to the next set of questions: how much …

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US rate hike, oil fall dominates market sentiments

KUWAIT CITY, Dec 18: All the major KSE indices close in negative as the Fed rate hike had a negative impact on the markets; the rate hike was followed by a swift interest rate hike by Kuwait Central Bank. While on crude oil price the Brent price was at USD …

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Facebook offers price on suburban living for employees – Workers must stay within 10 miles of firm’s campus

NEW YORK/EAST PALO ALTO, California, Dec 18, (RTRS): Facebook Inc is offering employees at its Silicon Valley headquarters at least $10,000 to move closer to the office, a reflection of the challenges many tech companies face in the increasingly expensive and congested San Francisco Bay area. To qualify for the …

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Indian tech support company denies scamming customers – Thousands fallen into scams

PORTLAND, Maine, Dec 18, (AP): An Indian-based tech support company on Thursday denied accusations by the Washington state attorney general that it scammed consumers and said it remains interested in creating jobs in the US after a partnership unraveled in Maine. The company, iYogi, made a splash when it looked …

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Gulf states hike rate after Fed decision – Moves come despite decline in oil prices

KUWAIT CITY, Dec 17, (Agencies): Energy-rich Gulf states Saudi Arabia, Kuwait and Bahrain raised their interest rates Wednesday after a landmark decision by the US Federal Reserve to hike its rates. The move by the Gulf countries came despite the sharp decline in oil prices and forecasts of a sluggish …

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Kuwait to launch free economic zone on islands – PM chairs meet

KUWAIT CITY, Dec 17, (KUNA): His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah headed a Supreme Council for Planning and Develop-ment meeting on Wednesday held after assessment and follow-up committee talks. Matters discussed include an August 2015 report by the public policies and administrative development committee on five …

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Kuwait stocks close flat at 0.91 pts in choppy trade – Kuwait Cable Vision makes biggest advance

KUWAIT CITY, Dec 17: Kuwait stocks ebbed 0.91 points or 0.02% lower to 5,623.69 points to close the week in the red with mixed boards. The weighted index dipped 0.6 points to 381.4 points. The KSE benchmark slid 1.5 points below the line to 902.16 points. The bourse saw a …

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Kuwait, Armenia meetings fruitful – Bid to upgrade trade relations

KUWAIT CITY, Dec 17, (KUNA): Deputy Prime Minister, Finance Minister and Acting Oil Minister Anas Al-Saleh stressed the importance of boosting economic and technical relations with the Armenian Republic, especially in the fields of transportation and tourism. Al-Saleh said on Thursday, as he headed the Kuwaiti side at the second …

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KFH wins Innovative Advertising award – Unique and distinctive concept in global Islamic banking

KUWAIT CITY, Dec 16: Kuwait Finance House (KFH) won Kuwait’s award on the impact category, for Innovative Advertising for its television advertisement “I am Your Home” that was broadcasted in Kuwait TV and other Arab channels during the 2015 Holy Month of Ramadan. The KFH award comes to crown its …

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Ahli United Bank announces winners of its weekly draw – ‘Al-Hassad Islamic Saving’ program

KUWAIT CITY, Dec 16: Ahli United Bank held its weekly draw of Al-Hassad Islamic Saving program on Dec 9, 2015. This program offers the biggest prize amount to the largest number of winners. The prize program succeeded in becoming the first and only prize account in Kuwait compliant with the …

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