Saturday , November 18 2017

Business

Kuwait ekes modest gains, volume hits six-week high – Humansoft Holding jumps 64 fils; VIVA dips

KUWAIT CITY, July 10: Kuwait stocks rose further on Monday extending its winning streak to fifth consecutive session. The bourse climbed 24.97 pts in volatile trade to 6,784.54 pts helped by modest gains by banks and other  heavyweights. Some of the mid-caps too shone on speculative buying. The KSX 15 …

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Wataniya Airways to start flights today in new shape

First phase will head to 16 destinations KUWAIT CITY, July 10, (KUNA): Wataniya Airways, one of the three national carriers of Kuwait, resumes its flights Tuesday in a new shape after preparations made over a year. The company’s first scheduled flight heads to Georgia’s capital, Tbilisi, and it operates three …

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Ahli United Bank opens its new branch in Al Jahra governorate – Latest branch furnished with up-to-date equipment

KUWAIT CITY, July 9: Ahli United Bank (AUB) recently celebrated the official launch of its new branch in Al Jahra. The Bank has relocated its long-established branch in the governorate to its new location to provide improved customer facilities, reflecting its commitment to drive customer satisfaction while ensuring an excellent …

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Kuwait bourse extends gains; volume ticks up – Ooredoo soars 78 fils; NBK slips

KUWAIT CITY, July 9 : Kuwait stocks extended its winning spree on Sunday  as it opened the week on a firm note. The price index climbed 43.44 pts in volatile session to 6723.57 pts paced by solid gains in select counters. The banking share mostly sagged while telecom service providers …

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Alibaba launches low-cost voice assistant speaker

BEIJING, July 9, (RTRS): China’s Alibaba Group Holding Ltd launched on Wednesday a cut-price voice assistant speaker, similar to Amazon.com Inc’s “Echo”, its first foray into artificially intelligent home devices. The “Tmall Genie”, named after the company’s e-commerce platform Tmall, costs 499 yuan ($73.42), significantly less than western counterparts by …

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Easier road to paradise

The societies of the world have been plagued by certain types of clergymen and the civilized fell prey to their teachings and beliefs and embraced their backwardness, power and control over the destinies of their peoples except for the past few centuries after the separation of the Church or religious …

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Saudi Aramco oil reserves dip in 2016 but daily output hits record – Gas reserves rise; two new oil fields discovered

KHOBAR, Saudi Arabia, July 6, (RTRS): Saudi Aramco said on Thursday its recoverable crude oil and condensate reserves slipped to 260.8 billion barrels at the end of 2016 but its daily crude oil production hit a new record of 10.5 million barrels per day. Aramco’s reserves stood at 261.1 billion …

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India’s new tax makes small companies untouchables, hurts informal workers – Unemployment risks, social unrest chances rise

MUMBAI, July 6, (RTRS): India’s biggest ever tax reform excludes tens of thousands of small businesses and millions of workers, risking an increase in unemployment and social unrest, analysts say. The Goods and Services Tax (GST), the biggest tax reform in the 70 years since independence, replaces more than a …

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Qatar Airways are set to buy shares in American Airlines – QA cancels order for four A350s

DUBLIN, July 6, (Agencies): Qatar Airways is to press on with plans to build a stake of up to 4.75 percent in American Airlines in the near future, despite the “categorical” opposition of the US company’s management, Qatar Chief Executive Akbar al-Baker said on Thursday. The state-owned carrier notified American …

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