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Microsoft to buy networking site LinkedIn for $26 bln – Move to help refocus US tech giant around cloud computing and services

WASHINGTON, June 13, (AFP): Microsoft said Monday it was buying the professional social network LinkedIn for $26.2 billion in cash, a move that would help …

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Fitch cuts its outlook for Japan – Agency cites Tokyo’s decision to delay sales tax hike

TOKYO, June 13, (AFP): Fitch on Monday cut its outlook for Japan, citing Tokyo’s decision to postpone a sales tax hike seen as critical to …

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Kuwait index ‘retreats’ 10.08 pts; volume soars – NBK drops 10 fils; Americana gains

KUWAIT CITY, June 13: Kuwait stocks retreated on Monday snapping the five-day advance. The price index slipped 10.08 points in a tame session to 5,412.31 …

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India inflation increases in May on higher food prices

NEW DELHI, June 13, (AFP): India’s consumer prices rose faster than expected in May due to higher food prices, official figures showed Monday, which will …

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Kuwait orders Dow probe

KUWAIT CITY, June 12, (AFP): Kuwait has asked the public prosecutor to open an investigation into a scrapped deal with US firm Dow Chemical that …

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Kuwait stocks climb 11.79 pts; volume up – NBK gains 10 fils; Americana dips

KUWAIT CITY, June 12: Kuwait stocks headed north on Sunday after posting modest gains in the previous week. The price index climbed 11.79 points in …

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Kuwait’s real estate sales in May top KD 226 million

KUWAIT CITY, June 12, (KUNA): Real estate sales lagged noticeably for the 4th consecutive month as they reached KD 226 million in May compared to …

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Fitch reaffirms GIC’s ‘A-’ ratings and stable outlook – Move comes despite difficult circumstances region is going through.

KUWAIT CITY, June 12: The Gulf Investment Corporation (GIC) announced today that Fitch Credit Rating Agency affirmed its Long Term IDR ratings at A-, Short …

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Zain launches Huawei Touchscreen Hotspot – First time in Kuwait

KUWAIT CITY, June 11: Zain, the leading telecommunications company in Kuwait, announced the launch of the new LTE-A compatible Huawei Touchscreen Hotspot device for the …

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Will crude oil price ‘reach’ $60/barrel before year-end? – Import on the rise as demand increases

The surprising news is that oil prices have doubled since the start of this year. It is currently hovering around $55 level and is anticipated …

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