Tuesday , December 19 2017

Business

Japan’s cbank chief warns on likely delay on inflation target – Inflation forecast lowered to 1.4 pct for current fiscal year

TOKYO, April 27, (AFP): Japan’s central bank chief warned on Thursday it is “likely” that an inflation target already running four years late would be delayed once again. Bank of Japan (BoJ) governor Haruhiko Kuroda added that policymakers would not slow down their monetary easing programme until their two-percent goal …

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UAE’s first solar-powered gas station opens in Dubai

A government oil company in the United Arab Emirates says it has opened the country’s first solar-powered gas station in Dubai. The Dubai-owned Emirates National Oil Company said on Wednesday the service station on the city’s main Sheikh Zayed Road thoroughfare is covered with solar panels that can generate up …

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KFH to serve clients electronically and airport branch during holiday

KUWAIT CITY, April 26: Kuwait Finance House (KFH) announced that it is ready to fulfill its commitments towards its clients during the holiday. The bank will continue to offer various services for its clients in Kuwait and overseas through its website that offers over 150 eservices, in addition to the …

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Kuwait index ends week on firm note; volume up – Ooredoo jumps 40 fils; Napesco slides

KUWAIT CITY, April 26: Kuwait stocks headed north on Wednesday to wind up the holiday shortened week on a firm note. The bourse climbed 23.42 pts in volatile session to 6,854.27 points led by some of the heavyweights even as profit taking weighed on select positions after recent gains. The …

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Kuwait CMA Authority switches to post supervision

KUWAIT CITY, April 26, (KUNA): The Capital Market Authority on Wednesday announced it was changing advance supervision of companies’ financial statements and schedules of general assemblies to post examination effective early June. This step does not affect other supervisory requirements toward the other units under its supervision, namely the Central …

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‘Burganers Development Program’ welcomes new batch – Burgan Bank’s training acts as comprehensive initiation of career in banking

KUWAIT CITY, April 25: Burgan Bank announced the start of its periodic staff training and development module: “Burganers Development Program”. The program, which caters to new batches of recruits, focuses on providing well-rounded training and professional preparation and acts as a comprehensive initiation of a career in banking. The program …

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KFH records KD 38.6 mln net profit for Q1 – Net finance revenues for first quarter reaches KD 100.1 mn; EPS 6.79 fils, up 13%

KUWAIT CITY, April 25: Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that “KFH has, by the grace of Allah, realized a KD 38.6 million net profit for the first quarter of 2017 for KFH shareholders compared to KD 34.1 million for the same period last year i.e. …

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Boursa Kuwait marks first year of record achievements – Company aims to gradually develop the market to operate at world class standards: AlKhaled

KUWAIT CITY, April 25: Boursa Kuwait successfully concluded its first year since it assumed responsibility of Kuwait’s stock market, marking the start of a new era for the Kuwaiti exchange. During this time, Boursa Kuwait put forward a series of achievements in record time, solidifying its position in the market …

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Event under the patronage and presence of HH Prime Minister of Kuwait – Zain participates in Arab Media Forum inauguration

KUWAIT CITY, April 24: Zain, the leading telecommunications company in Kuwait, announced its participation in the inauguration ceremony of the 14th edition of the Arab Media Forum. The company is the Diamond sponsor of the event, which came under the patronage and attendance of HH the Prime Minister Sheikh Jaber …

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Ooredoo posts 27% rise in net profit for Q1 – Customer base up by 5 pct to reach 25 million

KUWAIT CITY, April 24: National Mobile Telecommunications Company K.S.C.P – Ticker: Ooredoo, a member of Ooredoo Group, announced on Tuesday its financial results for the quarter ended March 31, 2017: Financial Highlights: ■ Consolidated customer base increased by 5% to 25.4 million in Q1 2017, compared to 24.1 million for …

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