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Friday , January 24 2020

Business

IMF boss Lagarde to stand trial over $400 million payout

PARIS, July 22, (AFP): IMF chief Christine Lagarde was ordered Friday to stand trial in France over a massive state payout to a colourful tycoon …

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Indian workers ‘help’ build hotels in Cuba – Tourism demand increases

July 22, (RTRS): French construction group Bouygues is employing more than 100 Indian laborers to work on a hotel it is building in Cuba, breaking …

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Mideast M&As hit $18.7 bln in H1 of 2016: report

DUBAI, UAE, July 21: Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today released the quarterly investment banking analysis for …

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HSBC official arrested in US – Conspiracy to rig

NEW YORK, July 20, (RTRS): A senior manager at HSBC Holdings Plc has been arrested in New York for his alleged role in a conspiracy …

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Saudi to offer about 20bn riyal bonds to banks

RIYADH, July 20, (RTRS): Saudi Arabia’s government has contacted banks to sell them about 20 billion riyals ($5.3 billion) of bonds in its domestic debt …

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Gov’t approves construction of new terminal: Jazeera Airways

KUWAIT CITY, July 19, (KUNA): Jazeera Airways Group announced on Tuesday it has received an approval of the concerned state bodies to build a dedicated …

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Zain to meet Egyptian min over 4G license – Kuwait officials to discuss terms for obtaining license in Egypt

KUWAIT CITY, July 19, (RTRS): Officials from Kuwaiti mobile operator Zain will meet Egypt’s telecommunications minister on Wednesday to discuss the terms for obtaining a …

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Shame on you! China uses public billboards to expose runaway debtors – Struggling borrowers find it harder to pay their loans

SHANGHAI, July 19, (RTRS): Above throngs of busy commuters at a Shanghai railway station, four large billboards — some sandwiched between screens flashing train times …

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Kuwait stocks tumble 9.1 pts to 5,380.45 pts

KUWAIT CITY, July 18: Kuwait stocks swung lower on Monday amid rising speculation as second-quarter earnings season kicked off. The price index declined 9.1 points …

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NBK posts KD 150.6mn net profit in H1 2016

KUWAIT CITY, July 17: National Bank of Kuwait (NBK) reported net profits of KD 150.6 million ($499.1 million) for the period of 1H 2016 compared …

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