Thursday , February 22 2018

Business

Mideast funds positive on Saudi, Kuwait – Most negative ratio for UAE stocks since July 2014

DUBAI, Jan 31, (RTRS): Middle East fund managers expect to pump more money into Saudi Arabian equities in coming months but they are on balance negative towards several other major Gulf bourses, a Reuters poll showed on Wednesday. The monthly poll of 13 leading regional fund managers, conducted in the …

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Global awarded ‘Best Kuwait Asset Manager’ by MENA Fund Manager – Firm wins ‘Best Saudi Equity Fund’ award

KUWAIT CITY, Jan 31: Global Investment House (Global), a regional Asset Management and Investment Banking firm headquartered in Kuwait with offices in major capital markets in the MENA region, was awarded “Best Asset Manager in Kuwait” and “Best Saudi Equity Fund” by the “MENA Fund Managers Performance Awards”. The awards …

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NUQAT – CONNECTING DOTS FOR AN ECOSYSTEM OF CREATIVITY … EXPLORATION KEY FEATURE

Nuqat, the foremost organization for creative education in Kuwait today, held a special edition forum at the Jaber Al Ahmad Cultural Center on Jan 24-25. The Human Capital Forum highlighted the importance of investing in the creative economy with talks and discussions panels that brought together academics, investors, policy makers …

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AUB celebrates official opening of its new branch in Bayan – Branch equipped with necessary facilities to accommodate special needs customers

KUWAIT CITY, Jan 30: Ahli United Bank (AUB) announced the official opening of its new branch in Bayan district. The event was patronized and attended by Hawalli’s governor, Sheikh Ahmad Nawaf Al Ahmad Al Sabah, in the presence of the Bank’s CEO, Richard Groves, General Manager of AUB’s Retail Banking, …

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Hackers steal more than $1m from ATMs across US: official

WASHINGTON, Jan 30, (RTRS): A coordinated group of hackers likely tied to international criminal syndicates has pilfered more than $1 million by hijacking ATM machines across the United States and forcing them to spit out bills like slot machines dispensing a jackpot, a senior US Secret Service official said on …

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Eurozone economy growth hits highest in decade – Britain falls behind European partners

BRUSSELS, Jan 30, (AFP): Growth in the eurozone shot up in 2017, putting Europe at the centre of a global recovery and on par with levels last seen before the financial crisis a decade ago, official data said Tuesday. Europe’s economic recovery roared on despite the uncertainty around Brexit, with …

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Mars surprises with Grammy sweep – Jay-Z walks away empty handed

NEW YORK, Jan 29, (Agencies): Bruno Mars owned the Grammys with his R&B-inspired album “24K Magic,” winning all six awards he was nominated for at a show where hip-hop was expected to have a historical night. Jay-Z, the leading nominee with eight, walked away empty handed Sunday — a year …

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Fourth Industrial Revolution will result in loss of traditional jobs: Al-Kharafi – ‘Enabling a culture of innovation is a necessity for corporate growth and skills development’

KUWAIT CITY, Jan 29: During the Human Capital Forum organized by local non-profit organization Nuqat and held in Sheikh Jaber Al-Ahmed Cultural Centre, Kuwait last week, Zain Group Vice-Chairman and CEO, Bader Al-Kharafi, delivered a keynote presentation to the packed audience on the vital importance of Investing in Creativity for …

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Boursa Kuwait hosts CMA’s ‘new trainees’

KUWAIT CITY, Jan 29: Boursa Kuwait, has recently hosted 19 trainees of the Capital Markets Authority’s program “New Graduates – 4th Edition” to raise their awareness on the history of Boursa Kuwait. The purpose of this program is to support freshly graduated youth of Kuwait, develop and enhance their abilities …

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Why are crypto exchanges vulnerable to hacks? – Exchanges do not work on secure networks: experts

SEOUL, South Korea, Jan 29, (AP): Blockchain technology can make transactions safe and secure, but crypto-currency exchanges that trade bitcoins and other virtual currencies that are based on this technology have been hacked because they are not working on secure networks, experts say. Late last week, the Tokyo-based Coincheck exchange …

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