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Business

Dubai airport raises capacity with new extension

Dubai International, already the world’s busiest airport by international passenger traffic, opened a new extension on Wednesday that will raise its annual capacity to 90 …

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Zain makes strategic investment in neXgen Group – New entity to deliver smart city solutions and managed services

BARCELONA/KUWAIT CITY, Feb 24: Zain Group, a leading telecom innovator in eight markets across the Middle East and Africa, announces a strategic investment in neXgen …

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VIVA showcases its achievements at Mobile World Congress – Operator exhibits latest offers, services and products

KUWAIT CITY, Feb 23: VIVA, Kuwait’s fastest-growing and most developed telecom operator, announced the kick-off of the Mobile World Congress 2016 organized by Group Special …

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CFA Society Kuwait holds first seminar in 2016

As part of an ongoing education and awareness initiative by the CFA Society Kuwait for its members, charterholders and investment professionals on significant industry developments, …

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Fiscal reforms key to Mideast stability: IMF – ‘Tepid’ growth for world economy: Lagarde

DUBAI, United Arab Emirates, Feb 23, (Agencies): The head of the International Monetary Fund on Tuesday called for greater taxation and fiscal reforms as a …

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KSE rises 21.64 pts as volume edges up – NBK rallies 20 fils; Zain flat

KUWAIT CITY, Feb 23: Kuwait stocks headed north on Tuesday extending the gains to second straight session. The bourse climbed 21.64 pts in tepid trading …

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Gulf banks under pressure from low oil prices – Govts seen reducing support: Moody’s

DUBAI, Feb 22, (AFP): Banks in the six-nation Gulf Cooperation Council (GCC) are being increasingly challenged by a liquidity squeeze resulting from low oil prices, …

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IEA braces for another year of cheap oil – US shale production squeezed

PARIS, Feb 22, (AFP): Oil prices will remain low at least until next year, the International Energy Agency (IEA) warned Monday, saying any 2017 recovery …

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KSE climbs 12.96 pts amid lacklustre trade – Commercial Bank gains 20 fils; Americana drops

KUWAIT CITY, Feb 22: Kuwait stocks veered higher on Monday stemming the two-day drop. The price index climbed 12.96 pts in lackluster trade to 5,144.55 …

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India set to seal major power deal in Bangladesh – Indian govt offers easy financing for power plant

NEW DELHI/DHAKA, Feb 22, (RTRS): A state-run Indian firm is poised to seal a contract to build a $1.6 billion power plant in Bangladesh, beating …

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