Sunday , December 17 2017

Business

India finding it hard to end love affair with cash – ‘You can never remove cash from our system’

NEW DELHI, May 9, (AFP): Fat wads of bank notes move across counters in Old Delhi’s gold and diamond district in one of many challenges to six months of Indian government efforts to suffocate the black market. Cash has been king in the musty narrow streets of Chandni Chowk since …

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VIVA Q1 net profit rises 2% to KD 10 mln – Revenues reach KD 66.9 million in first quarter

KUWAIT CITY, May 8: VIVA, Kuwait’s fastest-growing and most developed telecom operator, announced the financial results for the first quarter ended on March 31, 2017; whereby VIVA’s net profit grew to reach KD 10 million recording a growth of 2 percent compared to the same period last year; whereas the …

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AUB hosts and provides training to PAMA delegation – Move marks start of close cooperation between bank and PAMA

KUWAIT CITY, May 8: Underscoring the excellent relations between Ahli United Bank (AUB) and the Public Authority for Minors Affairs (PAMA), the bank received two groups from PAMA and conducted for them an intensive training program on the work of many of the Bank’s departments, including Treasury, Private Banking Services …

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Kuwait bourse swings higher as volume dips – NBK gains 20 fils; Ooredoo flat

KUWAIT CITY, May 8: Kuwait stocks rebounded on Monday following the plunge in the previous session. The bourse gained 62.9 points in choppy session to 6,627.57 points amid bargain buying in select counters even as investors kept a wary eye on the oil prices. The KSX 15 benchmark climbed 12.27 …

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KAC privatization discussed – MPs retain immunity

KUWAIT CITY, May 7: The Legislative and Legal Affairs Committee in the National Assembly has rejected the request of the Public Prosecution to lift the immunity of MPs Mubarak Al-Harees and Mohammed Al-Hadiya who were accused of participating in primaries during the previous parliamentary elections. Earlier, the Public Prosecution sent …

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CBK to implement Sharia governance by year-end – To be applied to all banks

KUWAIT CITY, May 7, (KUNA): The Central Bank of Kuwait (CBK) on Sunday said that it was determined to develop the financial sector’s workforce and that plans to introduce Sharia governance will come into effect by the end of the year. Speaking to KUNA on the sidelines of a workshop …

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Kuwait dips as weak oil roils trading floor – Americana slides 80 fils; Gulf Bank flat

KUWAIT CITY, May 7: Kuwait stocks tanked on Sunday as weakening oil prices roiled the market sentiment. The price index, after a tame start, plunged 188.13 pts in a broad decline to 6564.66 points led by heavyweights. The KSX 15 gauge dived 22.7 pts to 883.68 points taking the month’s …

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Investors silence in Amghara broken – Fed up of promises: Al-Mutairi

KUWAIT CITY, May 7: The silence of the investors in Amghara has been broken due to the issue of increased rents and lack of infrastructure stipulated by Public Authority for Industry, reports Al-Seyassah daily. The investors explained that Amghara has been the source of their income for a long time. …

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MITEF Arab Startup winners announced – Competition in partnership with Zain, Community Jameel, and Tamkeen

KUWAIT CITY, May 3: All eyes were on Bahrain as the MIT Enterprise Forum (MITEF) for the Pan Arab Region announced the deserving winners of the 10th MIT Enterprise Forum Arab Startup Competition in a final award ceremony held at the Kingdom of Bahrain’s International Circuit on April 27. The …

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KIPCO posts KD 5.07m net profit for Q1 2017 – Operational strength will help us face external challenges: Hayat

KUWAIT CITY, May 3: KIPCO — the Kuwait Projects Company (Holding) has announced a net profit of KD 5.07 million ($ 16.6 million), or 1.11 fils per share ($ 0.4 cents), for the first three months of 2017, compared to KD 13.5 million ($ 44.3 million), or 7.45 fils per …

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