Saturday , February 24 2018

Business

Hike in oil prices irrelevant to reform process – 2015 ended with negative results for 3 main indexes of KSE

The  draft  budget  for  the  fiscal  year 2016/2017 The draft budget for FY 2016/2017 contains explicit regression from the financial reform efforts, or a blatant disability to exert reform effort. Though total estimates of expenditures in the amount of KD 18.9 billion seem obvious and marginal and less by KD …

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GOIC organises IMI Plus workshop – Portal provides date on 16,000 Gulf factories

DOHA, Feb 4: The Gulf Organization for Industrial Consulting (GOIC) organised a workshop on the Industrial Market Intelligence Portal (IMI Plus) in collaboration with Qatar Development Bank (QDB) at GOIC’s headquarters in Doha, with the participation of QDB employees who got to know more about the Portal and its services. …

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Biggest ever trade deal signed as US seeks to ‘counter’ China – Ambitious pact aims to break down trade and investment barriers

AUCKLAND, Feb 4, (AFP): The biggest trade deal in history was signed Thursday, yoking 12 Pacific rim countries in a US-led initiative aimed at wresting influence from booming China. The ambitious Trans Pacific Partnership (TPP) aims to slash tariffs and trade barriers for an enormous 40 percent of the global …

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Al Habtoor holds talks with Michael Wale – Progress of Al Habtoor City Hotel Collection discussed

DUBAI, UAE, Feb 3: Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group, welcomed Michael Wale, President, Europe, Middle East & Africa, Starwood Hotels & Resorts Worldwide on Feb 2. Wale was accompanied by Guido De Wilde, Senior Vice-President and Regional Director, Middle East. Also present was Mohammed Al Habtoor, Vice-Chairman …

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Crude oil producers struggle to plug budget holes torn by price collapse – Some turn to international lenders for help, others slashing spending

PARIS, Feb 3, (AFP): Oil producing countries are scrambling to fill gaping holes in their budgets torn by crashing petroleum prices, with some turning to international lenders for help and others slashing spending. Austerity measures, loan negotiations and state asset sales are all on the menu of moves deployed to …

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Yahoo to cut 1,700 workers as CEO tries to save her own job

Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. The long-anticipated purge, announced Tuesday, will jettison about 15 percent of Yahoo’s workforce along with an assortment of services that Mayer …

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Kuwait index retreats as investors cautious – Zain slips 20 fils; Jazeera Airways rallies

KUWAIT CITY, Feb 3: Kuwait stocks pulled lower on Wednesday as it continued the week’s volatile course. The bourse dropped 14.02 pts in a tame session to 5,118.84 points weighed by banks and financials shares . the trading floor sentiment was cautious despite rebound in oil prices. The KSX 15 …

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Northern Gulf to sponsor Hala February 2016 – Hyundai Genesis and Centennial to be showcased

KUWAIT CITY, Feb 2: Hyundai Northern Gulf recently began preparations for this year’s Hala February festivities, as part of its role as Official Sponsor and Transportation Partner. Hyundai will be making 30 of its models available for the winners of competitions that will be held throughout the event, which will …

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Zain executives receive ITU’s Secretary-General – Zhao to attend GET-2016

KUWAIT CITY, Feb 2: Zain Group, a leading mobile technology innovator in eight markets across the Middle East and North Africa announces that its CEO, Scott Gegenheimer, and the CEO of Zain Kuwait, Mrs Eaman Al Roudhan, have met with the Secretary-General of the International Telecommunication Union (ITU), Houlin Zhao …

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