Monday , October 22 2018

Business

Toyota sets high environmental target – Automaker aims to eliminate gasoline cars by 2050

TOKYO, Oct 14, (AP): Toyota, under ambitious environmental targets, is aiming to sell hardly any regular gasoline vehicles by 2050, only hybrids and fuel cells, to radically reduce emissions. The automaker promised to involve governments, affiliated companies and other “stakeholders” in its push to reduce average emissions from Toyota cars …

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Kuwait signs $13bn contract for new refinery

  KUWAIT CITY, Oct 13, (AFP): The Kuwait National Petroleum Company (KNPC) Tuesday signed contracts worth $13.2 billion (11.6 billion euros) with international firms to build a refinery said to be the Gulf state’s largest development project. The deal comes as Kuwait, a key oil producer, moves to modernise its …

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NBK posts KD 227.9 mn net profit for 9M – Total assets up 9.4% y/y to KD 23.8 bn; shareholders equity rises 4.2% to KD 2.7 bn

KUWAIT CITY, Oct 13: National Bank of Kuwait (NBK) reported net profits of KD 227.9 million ($754.5 million) for the first nine months of 2015 compared with KD 203.9 million ($675.0 million) for the same period in 2014, growing 11.8 percent year-on-year.  Net profits for the 3Q 2015 reached KD …

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France and Saudi Arabia sign deals worth 10 bln euros: Valls – Agreements reinforce growing ties between the two countries

RIYADH, Oct 13, (AFP): France on Tuesday announced a series of deals worth 10 billion euros ($11.4 billion) with Saudi Arabia, reinforcing growing ties between the two countries. Prime Minister Manuel Valls announced the deals, some still to be finalised, on Twitter during a visit to Riyadh. He said they …

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Boubyan Bank logs KD 25 mln 9M net profit – EPS clocks 12.2 fils; total assets rise 19% to KD 3 billion

KUWAIT CITY, Oct 13: Boubyan Bank witnessed an increase in its net profit by 24% during the first nine months of the  current year, amounting to KD 25 Million compared to  KD 20 Million of the same period in  2014. The earning per share amounts to 12.2 fils compared with …

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Kuwait bourse closes week on a ‘dull’ note – Americana dips 40 fils; KIPCO flat

KUWAIT CITY, Oct 13: Kuwait stocks inched lower on Tuesday to end the holiday curtailed week on a tepid note. The bourse eased 2.81 points in choppy trade to 5,731.26 pts as profit taking weighed on select counters. The KSX 15 benchmark dipped 5.36 pts to 923.53 points taking the …

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Jazeera Airways ‘shareholders’ OK voluntary reduction of capital – Cash payouts in 2015 to total KD 52.7 million

KUWAIT CITY, Oct 12: In an Extraordinary General Meeting of shareholders, Jazeera Airways shareholders approved a board recommendation to reduce the company’s capital from KD 42 million to KD 20 million through a share buyback program to readjust the company’s capital to match the size of current operations after exiting …

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Burgan names winners of Yawmi account draw

Burgan Bank announced today the names of the lucky winners of its Yawmi account draw, each taking home a prize of KD 5,000. The lucky winners for the daily draws took home a cash-prize of KD 5,000 each, and they are: Fakhriah Ali Altorah; Abdulwahab Al-Wazzan; Nawal Mohamad; Emad Abdulrazzaq …

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KUFPEC plans to ‘expand’ its operations in Southeast Asia – Kuwait participates in geo-petroleum confab in Malaysia

KUALA LUMPUR, Oct 12, (KUNA): The Asian Conference-Exhibition for Geo-Petroleum Sciences 2015, hosted by the Malaysian oil company, Petronas, got underway here on Monday with participation of Kuwait Foreign Petroleum Exploration Company (KUFPEC). Tuan Zaid, in charge of KUFPEC’s geological sciences department in Southeast Asia, said in a statement to …

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Poverty expert Deaton wins Nobel Economics Prize – US-British economist’s work has helped transform modern microeconomics: Academy

STOCKHOLM, Oct 12, (AFP): US-British economist Angus Deaton won the Nobel Economics Prize on Monday for ground-breaking work using household surveys to show how consumers, particularly the poor, decide what to buy and how policymakers can help them. “By emphasising the links between individual consumption decisions and outcomes for the …

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