Thursday , October 19 2017

Business

Iran seeks revival of caviar industry in post-sanctions era – Move fits with govt’s plan to reduce dependence on oil revenue

GOLDASHT, Iran, Nov 13, (AP): On the shores of the Caspian Sea, an ambitious project is underway to produce a pricey delicacy that could boost Iran’s economy as sanctions ease: caviar. Iran, once the world’s biggest exporter of the luxury food, sold over 40 tons of sturgeon eggs in 2000. …

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IEA sees bear oil market as stocks soar – Non-OPEC output resilient

LONDON, Nov 13, (RTRS): The world is awash with oil having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen the glut well into next year, the International Energy Agency (IEA) said on Friday. “Stockpiles of oil at a record 3 billion …

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Lufthansa cabin crew union threatens further strikes – Previous offer is what company can afford: CFO

FRANKFURT, Nov 13, (RTRS): Lufthansa’s main cabin crew union threatened further industrial action on Friday as workers protested at Frankfurt airport at the end of a week-long strike which grounded nearly all of the main airline’s flights. “This strike will end tonight, but if management doesn’t change, then strikes will …

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Malaysia Airlines may launch premium economy service – Garuda to decide by end-2015 on Airbus or Boeing

BALI, Indonesia, Nov 13, (RTRS): Malaysia Airlines (MAS) could introduce a premium economy option to attract long-haul business travellers as one part of a broader strategy to try to help it exit years of losses, its chief executive said in an interview on Friday. The airline, which introduced a new …

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Ooredoo Kuwait launches new packages – Unrivalled performance and flexibility

KUWAIT CITY, Nov 11: Ooredoo Kuwait, part of Ooredoo International Group, has launched new Internet packages offering unrivalled performance and flexibility. Ooredoo’s revamped data packages not only allow its customers to access as much Internet content as they like, whenever they like, without the inconvenience of daily caps — but …

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Small US firms eye big cos at airshow – American SMEs vying for lucrative ME market

DUBAI, Nov 11, (AP): US aerospace manufacturer Pratt & Whitney doesn’t just have a booth at this year’s Dubai Airshow. The company takes up two chalets outside the main exhibition hall alongside other aviation and defense giants like Boeing, Airbus, Lockheed Martin and Raytheon. Just inside the hall, however, a …

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Japan’s first jet makes maiden test flight – Breakthrough for Tokyo’s aviation industry  

NAGOYA, Japan, Nov 11, (AFP): Japan’s first passenger jet made its maiden test flight Wednesday, a landmark in a decade-long programme to launch the plane aimed at competing with Brazilian and Canadian rivals in the global market for smaller aircraft. About half a century after the last Japanese-made commercial plane …

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Kuwait bourse retreats 21.53 pts amid selling – Humansoft Holding dives 50 fils; Zain flat

KUWAIT CITY, Nov 11: Kuwait stocks pulled lower on Wednesday after trading flat in the last session. The bourse dropped 21.53 pts to 5,765.75 points weighed by selling in select counters. The banks and other heavyweights were largely muted even as sentiment remains depressed over weak oil prices. The KSX …

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Ajar Online wins KIPCO Tmkeen Award – Winner receives prize worth $100,000 in services from KIPCO Group

KUWAIT CITY, Nov 10: Ajar Online, an online platform for the payment and collection of rent co-founded by young Kuwaiti entrepreneurs Shaheen Alkhudhari and Talal Alyaseen, was named the winner of the first-ever KIPCO Tmkeen Award for Young Entrepreneurs. The announcement was made at the opening of the Youth Empowerment …

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IFC could help in growth of Islamic finance industry – Event can provide forum for global dialogue to boost the sector

KUWAIT CITY, Nov 10, (KUNA): Governor of Central Bank of Kuwait (CBK) Mohammad Yousef Al-Hashel has said the Islamic Finance Conference (IFC) to be hosted by Kuwait tomorrow can provide a forum for global forum to develop a vision for the sustained growth of the Islamic financial industry. The conference …

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