Monday , February 19 2018

Business

Saudi posts record deficit, cuts fuel subsidies – Govt to adjust water, electricity, fuel prices over 5 years

RIYADH, Dec 28, (AFP): Saudi Arabia announced a record budget deficit and cuts to fuel and utility subsidies on Monday as the oil powerhouse suffers from the drastic fall in crude prices. Petrol prices in the kingdom were to rise by more than 50 percent on some products from Tuesday, …

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BMW ConnectedDrive redefines sheer driving pleasure – Cutting edge technology offers market-leading benefits and privileges

KUWAIT CITY, Dec 28: BMW group continues to present customers with unmatched, market-leading benefits and privileges of owning a new BMW vehicle equipped with the pioneering and cutting-edge technology – BMW ConnectedDrive. The BMW ConnectedDrive technology has two components: the Driving Assistant the Services and Apps that offer car owners …

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GHC strengthens senior management team – Al Memar appointed as Chief Development Officer

KUWAIT CITY, Dec 28: Gulf Holding Company (GHC), the Kuwait-based regional real estate company today announced that it is further strengthening its senior management team by appointing Laith Yousif Al Memar as Chief Development Officer.  In this new role, Al Memar will oversee GHC’s real estate projects across the region, …

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Zain Kuwait tests region’s first 4.5G mobile broadband technology – Operator teams up with Huawei to bring greater speed, innovative services to Kuwait

KUWAIT CITY, Dec 27: Zain, the leading telecommunications company in Kuwait, announced the successful testing of the Middle East’s first 4.5G mobile broadband technology on its advanced network. The test, achieved in strategic partnership with Huawei, saw the operator’s network reaching high-speeds of 1 gigabyte per second (1 Gbps). Serving …

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KSE advances 27.18 pts in ‘lackluster’ trading – Zain adds 5 fils; KFH drops

KUWAIT CITY, Dec 27: Kuwait stocks swung higher on Sunday following the drop in the last session. The price index rose 27.18 pts in lackluster trading to 5647.16 points helped by moderate buying in some of the mid and small caps. The market mood remained dull even as investors eye …

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EY hosts seminar on regulatory changes – Focus on ‘Family Owned Businesses’

KUWAIT CITY, Dec 27: EY hosted a seminar on the ‘Family Owned Businesses and recent developments affecting Kuwait based enterprises at the JW Marriott Hotel, in Kuwait City. Over 80 senior executives representing regional and international  in Kuwait attended the conference. The conference featured discussions on how Kuwait is coping …

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Dubai to raise 2016 spending by 12 pct on balanced budget – Revenue seen up

DUBAI, Dec 27, (RTRS): Dubai plans to raise state spending by 12 percent in 2016 as it invests in infrastructure to sustain economic growth, but an equal rise in revenues will allow the emirate to balance its budget, the government said on Sunday. The ruler of Dubai, Sheikh Mohammed bin …

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Al Muzaini opens 65th branch in Shuwaikh

Kuwait’s leaders in money exchange and remittances for over 70 years have opened their newest branch in Shuwaikh at the Zeena Complex. The branch is open to serve customer’s all week from 9:00 am to 9:00 pm from Saturday to Thursday and 4:00 pm to 8:30 pm on Fridays. With …

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Non-oil growth pegged at 4-5% in 2016 & 2017 – Government’s capital spending plans to remain on track

KUWAIT CITY, Dec 26: Economic activity is expected to improve in 2016 and 2017, boosted by an increase in public investment and steady growth in consumption. This is happening despite the large decline in oil prices seen since the middle of 2014, and which has put some pressure on the …

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