Friday , November 24 2017

Business

G20 ministers endorse crackdown on tax evasion by multi-nationals – Tax dodging costs countries at least $100 bln a year

LIMA, Oct 9, (AFP): Finance ministers from the world’s leading economies gave the green light Friday to a new plan to crack down on tax evasion by multi-national corporations which costs countries at least $100 billion a year. The so-called Base Erosion and Profit Shifting (BEPS) plan, which seeks to …

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Kuwait real estate sales dip but prices holding their own Total residential sales in 2015 reach KD 983 million

While sales continue to be slow in the real estate sector, prices seem to be holding up relatively well so far, notwithstanding pockets of softness. For the first eight months of the year, total real estate sales reached KD 2.1 billion, down 23 percent from the same period last year. …

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Saudi Sept oil production, supply steady — industry source Global oil market needs an anchor, Saudi adviser says

KUWAIT CITY, Oct 9, (RTRS): The lack of a clear leader or “anchor” in the global oil market is fueling uncertainty and leading to sharp swings in crude prices, but this uncertainty is unlikely to continue for long, a senior Saudi oil adviser said. The comments by Ibrahim al- Muhanna …

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VW brand likely to face full-year loss – Company may compensate owners of diesel cars for loss of value

HAMBURG/BERLIN, Oct 9, (Agencies): Volkswagen’s core autos division will likely plunge into a loss this year as it is set to shoulder the bulk of the costs from the fallout of the company’s rigging of diesel emissions tests, two company sources said on Friday. VW’s namesake brand accounts for about …

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Air France & pilots in first talks since violent protests

PARIS, Oct 9, (AFP): Air France resumed negotiations with pilots’ unions on Friday for the first time since one of its executives had his shirt torn off by an angry mob after the airline unveiled plans for job cuts. Xavier Broseta, the human resources director who was pictured on front …

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BMW X6: A fusion of dynamics, comfort and athleticism – Enhanced dynamics go hand in hand with improved efficiency

KUWAIT CITY, Oct 7: Equipped with an even more potent design presence and outstanding performance, the new BMW X6 strengthens its position as a leading exponent of exclusive driving pleasure. The ongoing evolution of the Sports Activity Coupe concept has enabled the new BMW X6 to offer an even broader …

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Al-Hajjaj wins Asian HR leadership Award – ‘Honor reflects Gulf Bank HR team hard work, commitment, and effort’

KUWAIT CITY, Oct 7: Gulf Bank announced that its General Manager for Human Resources, Salma Al-Hajjaj has won the prestigious Asian HR Leadership Award.  The award was presented at a gala dinner ceremony on Oct 6, 2015, at Taj Dubai, UAE. The event was hosted by the Employer Branding Institute, …

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Kuwait bourse advances 4.78 pts; volume slips – Americana sheds 60 fils; NBK gains

KUWAIT CITY, Oct 7: Kuwait stocks pulled higher on Wednesday extending the gains to third straight day. The price index pared back early losses to close 4.78 pts higher at 5,739.32 points even as board remained largely mixed amid uptick in oil prices. The KSX 15 gauge slipped 2.27 pts …

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Talabat.com announces third draw winners of its campaign

KUWAIT CITY, Oct  7: As committed to always treat its customers and exceed their expectations with awarding prizes, Talabat.com, Kuwait’s No. 1 online food delivery portal,is ongoing with its out of the box campaign: Let’s Eat… and announced today the third draw winners. Ahmad Al-Shatti was the first winner of …

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