Saturday , November 25 2017

Business

NBK offers job opportunities at Dinar Kuwaiti Job Fair

National Bank of Kuwait (NBK) participated in the Dinar Kuwaiti Job Fair Forum held at Salwa Al Sabah Conference Center.  The job fair forum started on Sunday 18th and was concluded yesterday Monday Oct 19, 2015. NBK is the Gold sponsor of this forum that took place under the patronage …

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Insurance stocks safe haven for investors at KSE – experts – Disparity of sector’s stocks performance ‘limited’

KUWAIT CITY, Oct 18, (KUNA): For financial analysts, insurance shares listed at the Kuwait Stock Exchange (KSE) offer a safe haven for investors in the long run, for their stability, amid speculative practices on the market. In separate interviews with KUNA on Sunday, two Kuwaiti analysts agreed that insurance stocks …

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Saudi crude oil exports fall in August to 6.998 mln bpd – World’s biggest oil exporter trims its production

DUBAI, Oct 18, (RTRS): Saudi Arabia’s crude oil exports fell by 278,000 barrels per day in August, despite historically high wellhead production, while volumes of shipped refined oil products rose to a record high, official data showed on Sunday. The OPEC heavyweight shipped 6.998 million bpd in August, down from …

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German union boss warns of downward pressure on wages

A record inflow of refugees to Germany should not be used as an excuse for driving down wages, the head of the powerful trade union IG Metall said on Sunday. Detlef Wetzel said there had already been a push by employers to pay migrants with low qualifications less than the …

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Air France to go ahead with job cuts

PARIS, Oct 18, (AFP): Air France will go ahead and cut hundreds of jobs as planned next year under the first part of a restructuring plan that triggered violent protests, the chief executive of Air France-KLM said Sunday. The remaining cuts planned for 2017 can still be avoided if negotiations …

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Final US Airways flight completes journey, lands in Philly

The final US Airways flight has landed in Philadelphia, completing the last leg of its round-trip journey. The Airbus A321 landed at Philadelphia International Airport at 5:54 am Saturday after departing from San Francisco at 1:07 am as a red-eye flight. The plane is Flight 1939, named for the airline’s founding …

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Finally, Kuwait’s fourth oil refinery on stream – Govt’s oil policy based on clear vision

AFTER waiting for more than ten years and obtaining all necessary approvals, Kuwait has finally signed the contract worth $15 billion for building Al-Zour Refinery by the end of 2019. Finally, another mega oil project has been approved and is on-stream for completion. It is very important that the construction …

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Iran govt proposes economic stimulus to fend off recession – Inflation slows

DUBAI, Oct 17, (RTRS): Iran’s government announced proposals on Saturday to cut interest rates and encourage banks to lend, state television reported, in an effort to boost a stagnant economy after two years of tight monetary policy as inflation slows. Iran’s economy has stagnated since it reached a nuclear deal …

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VW mulls cutting temporary workers – Automaker hires anti-corruption exec as it deals with scandal

BERLIN, Oct 17, (Agencies): Volkswagen is considering a reduction in temporary workers as part of efforts to offset the cost of the emissions scandal, the car maker’s works council said on Saturday. A spokesman for the council, a grouping of labour representatives within the company, said it would support efforts …

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Russian hackers breached Dow Jones for trading tips – Breach for more serious than lower-grade intrusion: Bloomberg

NEW YORK, Oct 17, (RTRS): Russian hackers had infiltrated Dow Jones & Co to steal information to trade on before it was made public, and the breach was “far more serious than a lower-grade intrusion” disclosed by the company, Bloomberg reported, citing sources. The Federal Bureau of Investigation, Secret Service …

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