Wednesday , August 22 2018


Modi vows to boost India’s entrepreneurs – Govt outlines big measures under Start Up India

NEW DELHI, Jan 16, (AFP): Indian entrepreneurs will receive generous tax breaks and face dramatically reduced red tape when starting and closing a business, Prime Minister Narendra Modi said Saturday, as he launched a pet initiative to bolster India’s fast-growing startup scene. Speaking at a gathering of 2,000 entrepreneurs from …

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Inflation expected to average 3.3% in 2015

Inflation in consumer prices came marginally lower in November, easing from 3.2% year-on-year (y/y) in October to 3.1% y/y, as inflation in most components was either unchanged or remained steady. Core inflation (which excludes food inflation) also eased slightly, from 2.9% y/y to 2.8% during the same period. Subsequently, annual …

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Trading volume drops by 17.55% – Kuwait bourse closes in red zone

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,265.94 points, down by 3.82% from the week before closing, the Weighted Index decreased by 4.48% after closing at 355.39 points, whereas the KSX-15 Index closed at 828.38 points down by 5.48%. Furthermore, last …

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Goldman to pay $5 bln in settlement – Deal to settle federal and state probes

NEW YORK, Jan 15, (AP): Goldman Sachs said Thursday it will pay roughly $5 billion to settle federal and state probes of its role in the sale of shoddy mortgages in the years leading to the housing bubble and subsequent financial crisis. Coming nearly eight years after the crisis, the …

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KSE posts huge weekly drop of 209.21 pts – All indices close in negative territory

KUWAIT CITY, Jan 15: The KSE indices all witnessed a close in negative amid worries of sliding global equities; decline in oil prices and geopolitical tensions. Equities across the globe witnessed free fall in response to turmoil in China; further; the Brent crude has been moving downwards with the inception …

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Iran’s crude oil tankers points towards India and Europe – Tehran reedy to resume business as used as clock ticks down on sanctions

SINGAPORE, Jan 15, (RTRS): With Iran ready to resume business as usual with the world under a historic nuclear deal, Tehran will target India, Asia’s fastest-growing major oil market, and old partners in Europe with hundreds of thousands of barrels of its crude. Iran expects the United Nations nuclear watchdog …

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Crude prices slide below $30, pulling equities sharply lower – Gold firms on weaker dollar, stocks

NEW YORK, Jan 15, (Agencies): Oil prices dove below $30 a barrel on Friday, dragging major equity indices around the world sharply lower, as fears of a global slowdown amid a crude supply glut roiled markets and unsettled investors who snapped up gold and other safe-haven assets. Major stock indices …

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KFAS holds workshop on decision-making strategies – Event held in collaboration with Harvard Kennedy School

KUWAIT CITY, Jan 13: The Kuwait Foundation for the Advancement of Sciences (KFAS) held a follow on workshop in collaboration with Harvard University attended by twenty private sector executives who had participated in the main workshop that was held last May in Boston. The workshop on decision-making strategies held at …

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Al Ahli Bank of Kuwait wins ‘Banker Middle East’ award – Honor for ABK: Ceaplen

KUWAIT CITY, Jan 13: Al Ahli Bank of Kuwait (ABK) recently announced that it has won the ‘Best Customer Loyalty Program in Kuwait’ award from Banker Middle East, one of the region’s leading banking industry magazines. The award, which was won in recognition of the Bank’s exceptional ABK Emirates credit …

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Al Sayer announces winners of Yokohama ‘Save & Be Safe’ promotion

Mohamed Naser Al Sayer & Sons Co (MNSS), one of the Al Sayer Group of Companies held the third and the final draw to select the winners of “Save & Be Safe” promotion at the Yokohama Center in Canada Dry. List of winners from the third draw are: 1st prize …

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