Wednesday , January 24 2018

Business

Kuwaiti analyst ‘expects’ oil price at $50-60 in 2016 – Crude prices under pressure

KUWAIT CITY, Nov 15, (Agencies): Price of Brent Crude, a major benchmark, in 2016 is expected to range between $50 and $60 per barrel (pb), a leading analyst has said. The OPEC meeting slated for Dec 4 will look into various issues and forecasts, to be considered when making new …

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Warba Bank sponsors Al Masar Real-Estate Exhibition – Bank showcases its products and services at event 

KUWAIT CITY, Nov 14: Warba Bank participated in Al Masar Real- Estate Exhibition as an official sponsor. The event took place in Jumeriah Messilah Beach Hotel from 2nd to 4th November 2015 showcasing the most prominent residential, commercial real-estate projects and the investment opportunities in this industry in Kuwait, the …

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Porsche Center Kuwait partners with Royale Hayat – Porsche exclusivity and luxury reach new high

KUWAIT CITY, Nov 14: Embodying Porsche’s unrivalled ability to deliver extraordinary customer experiences, Porsche Centre Kuwait has partnered with Royale Hayat Hospital to provide new parents with the ultimate trip home following the exciting birth of their child. After delivering at the new and exclusive Royale Orchid Suites in the …

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Indian PM meets British counterpart at India-UK CEOs Forum – Modi urges CEOs to invest in Indian economy; Lulu Group Chairman among leading businessmen at event

LONDON, Nov 14: Indian Prime Minister Narendra Modi during his recent visit to the United Kingdom held talks, in the presence of his British counterpart David Cameron, with high-profile businessmen from India and the UK on Nov 13. The event labeled, India-UK CEOs Forum, saw the attendance of leading business …

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Oil investments suffer as OPEC ends its ‘swing role’ – Cartel now looking at long-term vision

Guaranteed investments! That’s what OPEC is saying. This oil organization is stating that it protected the oil investments of its competitors to grow in volume, make profits and increase market share. OPEC also protected their exploration activities in hard and difficult fields at its own expense for the last ten …

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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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