Wednesday , September 19 2018

Business

Jazeera Airways announces financial results for Q1 2018

Co posts double digit growth in revenues, passengers KUWAIT CITY, April 25: Jazeera Airways on Wednesday announced its financial results for the first quarter of 2018. The results showed double digit growth in both revenue and fl own passengers, in addition to a significant improvement in the bottom line. The …

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KOTC clinches $167 mln oil tanker deal

KUWAIT CITY, April 24: Kuwait Oil Tanker Company (KOTC) and South Korean shipbuilding firm Hyundai Mipo Dockyard have cosigned a contract worth $167.6 million to build a quartet of petroleum products tankers, as part of a major KOTC fleet overhaul. The signing ceremony brought together senior officials from both companies, …

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Boursa Kuwait’s London roadshow kicks off today

Event in collaboration with Goldman Sachs KUWAIT CITY, April 24: In line with its ongoing efforts to further develop the Kuwaiti market to meet international standards, Boursa Kuwait’s first roadshow in the UK in collaboration with multinational financial services firm Goldman Sachs will kick off in London. Taking place on …

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Kuwait, Oman to see fastest growth in 2019

Saudi Arabia growth raised in 2018; Fund retains global GDP forecast KUWAIT CITY, April 23: IMF kept global growth estimates for the current year and next year stable in its World Economic Outlook (WEO) released in April 18, from its last update in January 18. Real GDP growth projections for …

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Kalyan set to launch new store in Fahaheel

Shahrukh Khan to inaugurate showroom on April 26 KUWAIT CITY, April 23: Kalyan Jewellers, one of the most trusted and leading jewellery brands in the GCC and India has announced that it will relocate the existing store in Fahaheel to Makah street. The new showroom located in Al Khiyateen Complex, …

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Remittance payments hit record in 2017: World Bank

India topped with $69 billion, China $64 billion and Philippines $33 billion WASHINGTON, April 23, (AFP): Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. The stronger-than-expected recovery in remittances …

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Kuwait bourse edges lower; volume jumps

KUWAIT CITY, April 23: Kuwait stocks edged lower on Monday as it extended its losing streak to fifth consecutive session. The All Shares Index fell 3.84 pts in volatile trade to 4,785.09 points even as the trading floor mood remained broadly mixed. The Premier Market took in 2.87 pts to …

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Icelandic fugitive in bitcoin heist arrested in Amsterdam

THE HAGUE, Netherlands (AP) — Amsterdam police have arrested an Icelandic fugitive suspected of masterminding the theft of hundreds of computers used to mine bitcoin and other virtual currencies. Police spokesman Rob van der Veen confirmed Monday that Sindri Thor Stefansson was arrested Sunday night in downtown Amsterdam. He declined …

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Expedited system to help trigger business ‘boom’ in the country

Al-Hajraf meets Kuwaitis working at the World Bank KUWAIT CITY, April 22, (Agencies): Kuwait has introduced a spate of measures to ensure a fair and conducive business environment that allows transactions to be completed in a timely manner, a pair of policymakers said on Sunday. The expedited system has resulted …

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KIB reports KD 7.7mn net profit for Q1

Total operating income grows 9% to KD 17.3mn KUWAIT CITY, April 22: Kuwait International Bank (KIB) reported a net profit attributable to shareholders of KD 7.7 million at the end of the first quarter of 2018. Net profit increased by 1.5 percent, or KD 0.1 million, as compared to the …

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