Wednesday , December 13 2017

Business

Ooredoo Kuwait CEO addresses ICT Leadership Panel in Dubai – Ooredoo Volunteers Program wins ‘Best CSR’ award

KUWAIT CITY, Dec 19: Ooredoo Kuwait CEO and General Manager Sheikh Mohammed bin Abdullah Al Thani, stressed on the importance of customer satisfaction and experience on an ICT Leadership Panel, which took place in Dubai on Dec13. Sitting alongside twelve of the region’s leading innovators, he described the company’s vision …

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KFH named ‘Market Leader in Prepaid Cards’ – Award confirms bank’s success and efficiency in Kuwait banking cards market

KUWAIT CITY, Dec 19: Kuwait Finance House (KFH) receives the Market Leader Award for Visa Prepaid Cards in Kuwait from Visa in appreciation of its distinguished efforts in banking cards, thus increasing the number of prepaid visa cards issued in Kuwait. KFH has occupied the leading position among major banks …

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KQIC launches online platform – Company revolutionizes personal insurance offerings

KUWAIT CITY, Dec 19: Kuwait Qatar Insurance Company, (KQIC), a premier insurer offering both conventional insurance and Takaful products yesterday announced the launch of its online retail platform, www.kqic-online.com. With this new platform, customers will now be able to renew or purchase personal insurances (car, home and travel) from anywhere …

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ABK receives ‘Best Call Center’ award from Banker Middle East

Al Ahli Bank of Kuwait (ABK) recently won the ‘Best Call Center’ award from Banker Middle East, one of the region’s leading banking industry magazines. The award, which was won in recognition of the exceptional customer service of the Bank’s main Call Center, was received by Mrs Sawsan Ali, Senior …

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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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