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Business

GCC liquidity squeeze could spur reforms: Raghu – Low oil prices could result in deficit of 7.9% of GDP in 2015

KUWAIT CITY, Nov 23: Kuwait Financial Centre “Markaz” has recently held a presentation on “GCC Liquidity-Impact on Banks, Stock markets and Bond markets” in collaboration with Kuwait Banking Association (KBA). The presentation was delivered by M.R. Raghu, Senior Vice-President of Research at Markaz and Managing Director of Marmore MENA Intelligence, …

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Kuwait bourse extends gains in choppy trade – Ooredoo climbs 40 fils; KIPCO flat

KUWAIT CITY, Nov 23: Kuwait stocks headed north on Monday extending the gains to third straight session. The bourse climbed 17.54 pts in choppy trade to 5,773.68 points helped by buying in select counters. The heavyweights closed mixed even as investors remained largely cautious. The KSX 15 benchmark rose 4.41 …

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Chevrolet Alghanim celebrates season with an exclusive offer – Own any Chevrolet vehicle and get a prepaid bank card upto KD 1,000

KUWAIT CITY, Nov 22: In celebrating the most anticipated return of the outdoor season in Kuwait, Yusuf Ahmad Alghanim & Sons Automotive, the exclusive distributor of Chevrolet vehicles in the country, is happy to announce a spectacular offer that will not only make the customers’ shopping experience at Chevrolet Safat …

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Kuwait kicks off week with 30.73 pts advance – KFH rallies 20 fils; Kout Food dives

Kuwait City, Nov 22: Kuwait stocks pulled higher on Sunday extending the gains to second consecutive session . The price index, after a tame start, climbed 30.73 pts to 5,756.14 points as signs of firming oil prices buoyed the investors sentiment Some of the mid and small caps paced the …

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India’s online start-ups fear bubble bursting for e-firms – Many e-commerce companies overvalued: analysts

MUMBAI, Nov 22, (AFP): Hundreds of layoffs at several Indian start-ups have sparked fears the bubble is starting to burst for the country’s e-commerce companies, amid claims by analysts that many of them are overvalued. Restaurant search website Zomato, food delivery app TinyOwl and property portal Housing. com are all …

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Xmas sales dip, Champs-Elysees empty – Paris attacks hit on retail business

Paris, Nov 22, (AFP): Department stores half-empty when they should be packed and a Christmas market on the prestigious Champs-Elysees avenue where vendors outnumber the visitors — the attacks on Paris are having a profound effect on retail business. “It’s deserted,” said Marine at the cosmetics counter of Printemps, one …

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Alghanim Industries strategic partner of ‘Nuqat’ – Event aims at encouraging creativity in Arab world

KUWAIT CITY, Nov 21: Alghanim Industries, one of the largest private companies in the region, announced the conclusion of the 6th annual Nuqat conference, which began on the 12th of  November, and lasted the entire week. Aimed at celebrating and encouraging creativity in the Arab world, Nuqat offered lectures and …

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New Mercedes-Maybach set to arrive in Kuwait – High-end luxury-class motor vehicle with a proud pedigree

KUWAIT CITY, Nov 21: The new Mercedes-Maybach S600 Pullman has arrived in the region and will be available in Kuwait as part of the regional road show for private viewing for the prestigious clients of Abdul Rahman Albisher & Zaid Alkazemi Co, the authorised General Distributor of Mercedes-Benz in Kuwait. …

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No major petrochemical projects in coming years – Clear message to GCC govts

There will be no major petrochemical projects in the coming years — This was the main message at the petrochemical conference that was recently held in Dubai. The message is clear to the Arabian Gulf countries that no one is interested in investing in this region or any other parts …

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Kuwait seeks more cooperation with Turkish steel sector – Al-Khorafy says KCCI to facilitate process for Turkish firms to engage with local companies

Kuwait City, Nov 21: Board member  of the Kuwait Chamber of Commerce and Industry  Hussaind Al-Khorafy stated that the Kuwaiti industry demands more cooperation and collaborations with companies from the Turkish steel sector. He asserted that Turkey is considered to be one of the leading countries in terms of exporting …

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