Monday , December 18 2017

Business

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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Kuwait Energy for LSE listing

LONDON, May 3, (RTRS): Oil and gas firm Kuwait Energy said on Wednesday it is seeking a premium listing on the London Stock Exchange in a bid to fund growth across the Middle East and North Africa. The company, with assets across Oman, Egypt, Iraq and Yemen, said the initial …

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Huawei wins prestigious award in Dubai – ICT provider receives ‘Biggest Contribution to 5G R&D’ award

KUWAIT CITY, May 2: Leading global ICT provider, Huawei, received the ‘Biggest Contribution to 5G R&D’ award at the 5G MENA 2017 Summit, being held in Dubai from April 30 to May 2, 2017. The ‘Biggest Contribution to 5G R&D’ award was bestowed upon Huawei for leading the development of …

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Zain net income rises 3% to KD 38mn in Q1 – Group generates revenues of KD 247 mn; serves 46.1 million customers, up 1.4% y/y

KUWAIT CITY, May 2: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the first quarter (Q1) ending March 31, 2017. Zain served 46.1 million customers at the end of the period, reflecting a 1.4% increase year-on-year …

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Kuwait bourse extends loss in volatile session – UPAC dives 100; NBK flat

KUWAIT CITY, May 2: Kuwait stocks pulled lower on Tuesday as it extended its losses to third consecutive day. The bourse dropped 33.66 pts in volatile trade to 6,759.4 pts even as weakening oil prices weighed on the sentiment. The banks and other heavyweights however closed mixed. The KSX 15 …

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Tamdeen Group, KTF sign on one of the world’s leading tennis academies – Mouratoglou to set up its first international site outside France

KUWAIT CITY, May 2: Tamdeen Group, Kuwait’s leading mixed-use property developer, which is developing the upcoming, state-of-the-art Sheikh Jaber Al Abdullah Al Jaber Al Sabah International Tennis Complex, has signed on the France-based Mouratoglou Tennis Academy to establish a world-class tennis coaching facility in the country. The academy is one …

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Huawei’s OpenLab Dubai officially starts operation – Aims to accelerate Mideast digital transformation with global partners

KUWAIT CITY, May 1: Huawei, a leading global ICT solutions provider, today announced the launch of its OpenLab Dubai, its first to serve customers and partners in the Middle East, and an important part of Huawei’s Global OpenLab program. Huawei plans to add seven new OpenLabs across the world in …

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India’s Modi discusses trade, ties with Turkey’s Erdogan

Indian Prime Minister Narendra Modi said Monday that India and Turkey should strengthen their already warm business and political ties, as he welcomed Turkish President Recep Tayyip Erdogan to New Delhi. Erdogan arrived late Sunday evening. He was accompanied by several Cabinet ministers and a 150-member business delegation, according to …

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