Business

Saudi Aramco appoints new board members including a woman

DUBAI, April 29 (Reuters) – Saudi Aramco, the world’s top oil company, has appointed five new members to its board including a woman executive, the state run company said on Sunday. Saudi Arabian Minister of Finance Mohammed al-Jadaan and Minister of Economy and Planning Mohammed al-Tuwaijri were named as members …

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Al Arfaj opens largest recycling plant in Mideast

‘Our Environment Household Wastes Recycling Plant’ has production capacity of 12 thousand tons per year KUWAIT CITY, April 28: Saud Al Arfaj, Chairman of Al Arfaj Group, said that since Al-Arfaj started its activities in the early 1960s in the field of cleaning, waste disposal and recycling in Kuwait, it …

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Zain concludes Strategic Partnership of Arab Media Forum

Zain Kuwait CEO Al Roudhan attends event KUWAIT CITY, April 28: Zain, the leading telecommunications company in Kuwait, concluded its Strategic Partnership of the 15th edition of the Arab Media Forum under the patronage of H.H. the Prime Minister Sheikh Jaber Mubarak Al Hamad Al Sabah and the attendance of …

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Bid to prevent extension or renewal of contracts beyond original duration

KUWAIT CITY, April 28: Ministry of Finance has amended some provisions of Circular No. 2/2017 concerning regulations governing purchase in the government departments to prevent extension or renewal of contracts beyond the original duration, reports Al-Rai daily. As per the amendment, a new contract must be floated afresh before expiration …

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‘Indian and Kuwaiti’ trade … A relation deeply rooted in history

KUWAIT CITY, April 26, (KUNA): Kuwaiti merchants of old had various interactions and business dealings with their counterparts in the region and beyond; however, trade and commerce with India had always been special and dear to their hearts. Back in the day, Kuwaiti tradesmen frequently traveled to India, establishing their …

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Boursa Kuwait’s London roadshow evokes keen interest

Event attracts some of the most high profile UK-based institutional investors KUWAIT CITY, April 25: Boursa Kuwait’s first roadshow in London in collaboration with multinational financial services firm Goldman Sachs turned out to be an exceptional success. Eight companies listed at the Kuwaiti stock exchange, including the National Bank of …

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Jazeera Airways announces financial results for Q1 2018

Co posts double digit growth in revenues, passengers KUWAIT CITY, April 25: Jazeera Airways on Wednesday announced its financial results for the first quarter of 2018. The results showed double digit growth in both revenue and fl own passengers, in addition to a significant improvement in the bottom line. The …

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KOTC clinches $167 mln oil tanker deal

KUWAIT CITY, April 24: Kuwait Oil Tanker Company (KOTC) and South Korean shipbuilding firm Hyundai Mipo Dockyard have cosigned a contract worth $167.6 million to build a quartet of petroleum products tankers, as part of a major KOTC fleet overhaul. The signing ceremony brought together senior officials from both companies, …

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Boursa Kuwait’s London roadshow kicks off today

Event in collaboration with Goldman Sachs KUWAIT CITY, April 24: In line with its ongoing efforts to further develop the Kuwaiti market to meet international standards, Boursa Kuwait’s first roadshow in the UK in collaboration with multinational financial services firm Goldman Sachs will kick off in London. Taking place on …

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Kuwait, Oman to see fastest growth in 2019

Saudi Arabia growth raised in 2018; Fund retains global GDP forecast KUWAIT CITY, April 23: IMF kept global growth estimates for the current year and next year stable in its World Economic Outlook (WEO) released in April 18, from its last update in January 18. Real GDP growth projections for …

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