Friday , February 23 2018

Business

Apple image bruised by slowing sales – Fears that ‘wow’ days over

SAN FRANCISCO, Jan 28, (AFP): Apple’s image took a bruising Wednesday amid signs of a shift from wowing the world with wonders to making steady money from lovers of its devices. Apple shares were down 6.5 percent to end at $93.80 as investors grappled with news of slowing sales growth …

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KSE extends rebound, closes above 5,000 pts – NBK rallies 20 fils; Ooredoo flat

KUWAIT CITY, Jan 28: Kuwait stocks swung above the 5,000 pts mark on Thursday to end week on a positive note as oil prices edged up.. The bourse climbed 41.14 points to 5,010.39 pts in a tame session extending the gains to second straight session. The market sentiment was cautiously …

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Al-Habtoor welcomes the new US envoy to Dubai Paul Malik – Economic issues discussed

DUBAI, UAE, Jan 28: Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group received the new US Consul General to Dubai on Jan 28 at the Al Habtoor Group head office. His Excellency Paul Malik was accompanied by Judith Baker, Political Economic Officer at the US Consulate in Dubai. Also present …

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ABK ‘One Tap Touch ID’ now live – Mobile banking made simpler with latest upgrade

KUWAIT CITY, Jan 27: As part of ABK’s strategy to make banking ‘simpler’ for customers, the Bank today announced the latest upgrade to its Mobile Banking Application; the One Tap Touch ID Sign-in, which offers a higher level of security, speed and convenience to customers when using the ABK Mobile …

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ALAFCO records net profit of KD 3 million – EPS clocks 3.7 fils

KUWAIT CITY, Jan 27: Vice-Chairman of the Board and Chief Executive Officer of ALAFCO Aviation Lease and Finance Company (ALAFCO), Ahmad A. Alzabin, announced that the company earned a net profit of KD 3 million for the first quarter of its current fiscal year ended Dec 31, 2015. That translates …

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KSE climbs 32.74 pts amid surge in volume – NBK rallies 10 fils; Jazeera Airways drops

KUWAIT CITY, Jan 27: Kuwait stocks staged a modest rebound on Wednesday as it extended the volatile streak from start of the week. The bourse climbed 32.74 pts in broad advance to settle at 4,969.25 points as sentiment got a fillip following an uptick in crude oil prices. Banks and …

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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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