Friday , November 17 2017

Business

Dubai Airshow opens amid drop in new jetliner orders – Wars, conflicts to spur demand for Russian helicopters

DUBAI, Nov 8, (Agencies): After three years of record jetliner orders, planemakers are bracing for a slowdown in new commitments at the Dubai Airshow which opens on Sunday under the shadow of recently falling oil prices and conflicts in the Middle East. Barring traditional show surprises, delegates attending the biennial …

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‘Kuwait’s huge cash reserves allow it to conduct reforms’ – IMF chief urges Gulf to adapt to sustained oil price drop

KUWAIT CITY, Nov 8, (Agencies): International Monetary Fund’s Chief Christine Lagarde said in remarks published on Sunday that Kuwait is privileged with enormous financial reserves, which allow the country to conduct gradual economic reforms, especially by directing surpluses to productive spending. She added in an interview with daily newspaper, “Al-Qabas,” …

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Kuwait bourse kicks off week with uptick – Americana jumps 40 fils; Ooredoo dips

KUWAIT CITY, Nov 8: Kuwait stocks pulled slightly higher on Sunday after charting a mixed course during last week. The price index rose 6.06 points in choppy trade to 5,776.84 pts even as the board remained mixed. Some of the banking shares eked modest gains while other heavyweights swung in …

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Toyota Prius takes center stage at Tokyo show – Three new concept cars on display

TOKYO, Nov 8: Toyota presented its vision for the future of mobility at this year’s Tokyo Motor Show, where three very different new concept cars were revealed. While some of the vehicles represent the development and commercialization of groundbreaking new technologies, others seek to explore and strengthen the emotional bond …

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Kuwait Airways welcomes Airbus A350 XWB – Revolutionary event in the history of air transportation in Kuwait: Al-Roumi

KUWAIT CITY, Nov 7: Kuwait Airways hosted the Airbus A350 XWBat the Amiri Airport on Thursday morning, a precursor to the tenaircrafts ordered by KAC that will join its upgraded fleet, starting 2020. The special event was attended by popular political and diplomatic personalities, representatives from Airbus, and media. The …

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OPEC dilemma: Cut output or increase market share – ‘Doing nothing is best option at moment’

The challenge that every member of OPEC is facing now is whether to cut down oil production or increase market share. Both options have merits and benefits as well as short-term and long-term advantages. Oil producers with huge reserves must have a long-term vision and need to capture as many …

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Kuwait set to become a global financial hub: CBK – Central Bank to co-host Islamic Finance Conference on Nov 11

KUWAIT CITY, Nov 7, (KUNA): The Global Islamic Finance Conference, which is due in Kuwait on Nov 11, will be a step towards the promotion of Kuwait’s position as a global financial hub, the Central Bank of Kuwait (CBK) said on Saturday. Co-hosted by the CBK and IMF and held …

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Porsche Kuwait showcases 20 yrs of Tequipment with unique display – 20% discount on all accessories valid until end of Dec

KUWAIT CITY, Nov 7: Porsche Centre Kuwait is leading the celebrations with a special showroom display, as the brand’s commitment to unrivalled exclusivity reaches a new milestone with 20 years of Porsche Tequipment. Embodying the dedication to ensuring that no two Porsche cars are ever the same, Tequipment is the …

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KFH to unveil investment plans – Bank to showcase products

KUWAIT CITY, Nov 6: Kuwait Finance House (KFH) has announced its presence at Avenues Mall on Nov 12, 13 and 14 to introduce its long term investment plans and to increase awareness and knowledge of the product’s features and benefits. A specialized KFH team will be accessible for clients and …

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Thousands hit as Lufthansa strike begins – Airline cancels 290 flights on Friday

FRANKFURT, Nov 6, (AFP): German airline Lufthansa cancelled 290 flights Friday, grounding 37,500 passengers, as cabin staff began a week-long blitz of walkouts in a long-running battle over savings aimed at fending off competition from low-cost rivals. Of the cancelled flights, 23 were inter-continental services, Lufthansa said in a statement. …

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