Saturday , October 20 2018

Business

Indian airports stretched, analysts warn – Passenger numbers reach new heights

MUMBAI, March 18, (AFP): India’s airports are struggling to cope with a massive surge in passenger numbers and billions of dollars must be spent to boost their capacity, analysts have warned. The country is witnessing a huge boom in air travel as its growing middle class increasingly takes to the …

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Norwegian Cruise Line shows commitment to growing Mideast market – Brand launches 5% bonus commission for travel partners, plus $1 deposits for guests

KUWAIT CITY, March 18: One of the leading cruises based companies in Kuwait, Cruise Center, launched the road show for the initial public offering (IPO) of its 2018 special commission from Norwegian Cruise Line and it’s offers to travel partners. The event in Kuwait showcased all the updates about Norwegian …

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Saudi Aramco further delays IPO into 2019 – Concerns related to political uncertainties and interferences

According to UK officials who share close ties with Aramco executives, further delays can be expected to the second half of 2019 instead of the end of this year. Perhaps this was expected due to many reasons, particularly the uncertainties, as the best avenue or stock market has to be …

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Kuwait Airways signs codeshare accord with Middle East Airlines

Deal allows passengers to choose among 24 weekly flights KUWAIT CITY, March 15, (KUNA): Kuwait Airways signed Thursday a codeshare agreement with Lebanon’s Middle East Airlines for an open and unlimited capacity, which is slated for implementation on March 25. The deal would allow passengers to choose among 24 weekly …

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Moody’s outlook on Kuwait banking system stable

LIMASSOL, March 14: The outlook for Kuwait’s banking system is stable as the credit standing of Kuwaiti banks will be supported by steady nonoil economic growth and solid financial fundamentals over the next 12 to 18 months, says Moody’s Investors Service in a report published today. The report, “Banking System …

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Zain Life, new portfolio of innovation and digital solutions – Zain is an active partner in creating the future of smart life in Kuwait: Al Roudhan

KUWAIT CITY, March 13: Zain, the leading telecommunications company in Kuwait, announced the launch of Zain Life, a new brand that offers customers a portfolio of innovative and flexible digital services and solutions in the areas of smart homes, digital entertainment, and customer experience. The announcement was made during a …

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Cenbanks warned to weigh ‘risks’ of virtual currencies – Cryptos could destabilize system

FRANKFURT, Germany, March 13, (AP): A global financial body warns central banks should carefully weigh the risks before introducing their own virtual currencies, saying such innovations could risk destabilizing banking systems and unleash disruption across borders. But it said some forms of digital innovation could help by making trading in …

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KIA profits hit KD 24.68m – Saving public funds

KUWAIT CITY, March 12: Minister of Finance Dr Nayef Al-Hajraf revealed the net profit of Kuwait Investment Authority (KIA) for the past three years has reached KD 24.68 million. The sum represents the total value of net profits in fiscal reserves from April 1, 2014 to March 31, 2017, reports …

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KAMCO sponsors 3rd Kuwait Debt Capital Markets Conference – Market participants are optimistic about potential of the KD market

DUBAI, March 12: The Gulf Bond and Sukuk Association (GBSA), in partnership with KAMCO Investment Company and Dentons, held its third Kuwait Debt Capital Markets Conference at The Chairman’s Club in Kuwait. The invitation-only event gathered over 100 local and international market leaders as well as senior government officials. Faisal …

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KAC fails to collect debts of KD 164.286 mln from clients

KUWAIT CITY, March 12: Kuwait Airways Corporation (KAC) has failed to collect debts worth about KD 164.286 million from its various clients, reports Al-Shahed daily. According to reports issued by regulating authorities, there is a decline of KD 10.525 million, which is about 13 percent, in ticket revenues in local …

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