Tuesday , October 24 2017

Business

India offers $10b investment, $5 billion loan to Bangladesh

DHAKA, April 11, (RTRS): India will invest up to $10 billion in Bangladeshi sectors including infrastructure and medicine and will provide $5 billion in loans, including $500 million in military assistance, Prime Minister Sheikh Hasina said on Tuesday. Hasina returned to Bangladesh on Monday after a four-day state visit to …

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Boubyan Bank posts 17% rise in Q1 net profit

KUWAIT CITY, April 11: Boubyan Bank has recorded a net profit growth of 17 percent in Q1 2017. The bank’s net profits amounts to KD 10.7 million, with earning per share of 4.7 fils compared to 4 fils for the comparative period of 2016. Adel Abdul Wahab Al-Majed, the Bank’s …

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MRC, EQUATE sign 3-yr waste management contract

More than 20,000 tons of waste to be processed KUWAIT CITY, April 10: MRC — the leading eco industrial company in Kuwait, signed a three-year renewable agreement with EQUATE Petrochemical Company, a global producer of petrochemicals, to provide a valueadded waste management, logistics, recycling and marketing solution for EQUATE’s scrap. …

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KAMCO wins Global Management Challenge in Kuwait

KUWAIT CITY, April 10: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, announced that a dedicated team of five KAMCO employees won the national round of the Global Management Challenge and have been chosen to represent Kuwait on an international scale, advancing …

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‘Al Tijaria Tower’ in Bahrain deal signed

MANAMA, April 10: The Commercial Real Estate Development Company in Bahrain owned by The Commercial Real Estate Company in Kuwait has signed the construction contract of its first project in the Kingdom of Bahrain “Al Tijaria Tower”, worth approximately BD 16 million with Fundament Contracting Company as the main contractor …

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Kuwait signs agreement for 230K bpd ‘refinery’ in Oman

KUWAIT CITY, April 10, (KUNA): Minister of Electricity and Water as well as the Minister of Oil Essam Al-Marzouq on Monday said that Oman’s Duqm Refinery has been designed so that it can receive full needs from Kuwaiti oil, by 100 percent. The minister made the statement to KUNA after …

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Warba acquires a facility of KIA Motors in Britain

Bank boosts its real estate portfolio KUWAIT CITY, April 9: In-line with its development strategy to position the bank as the Islamic Corporate & Investment Banking champion in Kuwait while providing top-notch Islamic banking and investment’s services, Warba Bank is proud to announce that it has recently purchased a newly …

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Future of oil prices unpredictable: OAPEC chief

KUWAIT CITY, April 9, (KUNA): It is hard to predict international oil prices over the coming period, Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC) Abbas Ali Al-Naqi said on Sunday. The Organization of the Petroleum Exporting Countries (OPEC) plays a major role in determining oil prices …

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43 tenders worth $915 mn awarded in first qtr – CTC

KUWAIT CITY, April 9, (KUNA): Forty-three tenders worth KD 279.9 million (USD 915 million) have been awarded during the first quarter of 2017, the Central Tenders Committee (CTC) said on Sunday. The estimated value of the tenders was KD 339.5 million (USD 1.1 billion), while the saving rate hit KD …

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Gulf Business survey shows ‘top ten’ salaries in Kuwait

Asian, Western salaries up; Gulf drops KUWAIT CITY, April 8: Salaries across the GCC stagnated in the last year due to dull economic conditions in the region, the 2017 Gulf Business salary survey has found, says the Gulf Business News. The average Asian salary increased 1.57 percent from $9,231 to …

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