Saturday , January 20 2018

Business

Iran N-deal to boost Mideast economy: IMF – Saudi to grow by 3.4% this year

DUBAI, Oct 6, (AFP): Iran’s landmark nuclear deal will lift economic growth in the war-plagued Middle East next year as the rolling back of sanctions brings a rebound in oil exports, the IMF said Tuesday. But the outlook for this year has worsened over the past six months, partly because …

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Samsung struggles to find fix for smartphone misery – Co pinning hopes on Samsung Pay

SEOUL, Oct 6, (RTRS): More than a year into the overhaul of its smartphone lineup, Samsung Electronics Co Ltd has yet to find a way to reverse a slide in market share or margins, clouding its growth outlook and fuelling investor impatience. The world’s largest handset maker is forecast on …

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Twitter launches Moments, the curated news – Bid to get new users attached to service

This April 7, 2015 file photo shows a monitor pictured in a kitchen area at tech company Twitter’s office space in Santa Monica, California. Twitter made it easier on Oct 6 to seize hot tweets and high-profile posts from the flood of real-time commentary at the one-to-many messaging service. A …

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Kuwait Energy ‘capital’ reaches $1b: chairman – Co marks 10th anniversary 

KUWAIT CITY, Oct 6, (KUNA): Chairman of Kuwait Energy Company Dr Mansour Bukhamseen said Tuesday the company’s capital exceeded USD one billion, pointing out that the company began its work with a capital of USD three million ten years ago. The company began its work that time with four employees, …

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KAMCO hosts ‘The 4 Disciplines of Execution’ session – Event pioneered by FranklinCovey Company

KUWAIT CITY, Oct 5: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, and a winner of the prestigious Kuwait Asset Manager of the Year Award 2015, hosted a session pioneered by the FranklinCovey Company focusing on how to institutionalize goal clarity and …

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12 Pacific nations seal huge free trade deal – Obama welcomes TPP accord as good deal for ‘American workers’

ATLANTA, Oct 5, (Agencies): Twelve Pacific rim countries sealed the deal Monday on creating the world’s largest free trade area, delivering President Barack Obama a major policy triumph. The deal on the Trans-Pacific Partnership, led by the United States and Japan, aims to set the rules for 21st century trade …

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Kuwait bourse climbs amid moderate buying – NAPESCO up 20 fils; Zain flat

KUWAIT CITY, Oct 5: Kuwait stocks pulled higher on Monday, stemming the four-day retreat. The bourse climbed 19.55 points to 5,727.32 helped by moderate buying in banks and select counters. The market mood was cautious in absence of fresh catalysts even as oil prices eked slight gains. The KSX 15 …

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Moody’s assigns Baa1 to NBK’s Tier 2 bonds – Assigned rating first time in Kuwait and GCC

KUWAIT CITY, Oct 5: Moody’s Investors Service assigned a provisional Baa1 long-term local-currency rating to National Bank of Kuwait’s (NBK) planned issuance of Kuwaiti dinar-denominated subordinated bonds with contractual point of nonviability (PONV) loss absorption features for the first time in Kuwait and the GCC. NBK is considering issuing Kuwaiti …

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Tax from firms KD 1b

KUWAIT CITY, Oct 5, (KUNA): Finance Undersecretary Khalifa Hamadah said taxes levied by the State from companies operating in the country ranges between KD 800 million and KD one billion annually, according to the new taxes law. The Ministry will be handed the new taxes draft law from the International …

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Dubai Ruler launches aid and development foundation

The Ruler of Dubai launched a new foundation Sunday to consolidate a range of existing charitable and human development initiatives that aims to support more than $270 million in projects annually. The foundation is designed to act as an umbrella group for some 28 aid organizations and other initiatives that …

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