Wednesday , December 13 2017

Business

Gulf Bank exclusive sponsor of INJAZ Kuwait’s competition – Top ideas selected as winner in ‘Entrepreneurship Masterclass Competition’

KUWAIT CITY April 18: Gulf Bank is proud to have exclusively sponsored INJAZ Kuwait’s ‘Entrepreneurship Masterclass Competition’, for high school students in government schools. The two-day competition took place on 12 and 13 April 2017 at the Community Development Centre in Bayan and the top entrepreneurial teams were named in …

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Moroccan King urges Arab financial groups to boost development funding

Moroccan King Mohammad VI called on Arab financial institutions Tuesday to increase their funding for development projects in Arab countries. King Mohammad VI, in a speech before a meeting of Arab Finance Ministers and central banks’ governors but read on his behalf by Finance Minister Mohammad Busaeed, said the increase …

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Alghanim Industries awarded Gold Approved Employer status – Only commercial company to earn this recognition in Kuwait

KUWAIT CITY, April 17: Alghanim Industries, one of the largest privately owned companies in the region was recently awarded Gold Approved Employer status by the Association of Chartered Certified Accountants (ACCA), which is the global professional accounting body offering various levels of professional qualifications. This recognition is awarded to companies …

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Zain Diamond sponsor of 14th Arab Media Forum – Event under patronage of H.H. the Prime Minister of Kuwait

KUWAIT CITY, April 17: Zain, the leading telecommunications company in Kuwait, announced its Diamond sponsorship of the 14th edition of the Arab Media Forum under the patronage of H.H. the Prime Minister Sheikh Jaber Mubarak Al Hamad Al Sabah. The event takes place during 23-24 April. Zain has been the …

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URC holds its AGM for fiscal year 2016 – Total operating profit rises by 17% to reach KD 71 mln

KUWAIT CITY, April 17: United Real Estate Company (URC), one of the leading real estate developers in the Middle East and North Africa (MENA), has announced the holding of its General Assembly Meeting for the fiscal year ending Dec 31, 2016. Tariq Mohammed AbdulSalam, Chairman of URC, discussed highlights from …

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NBK reports KD 85.4 mln net profit for Q1

Bank continues to deliver solid performance reflecting its strong financial position: Al-Sayer KUWAIT CITY, April 16: National Bank of Kuwait (NBK) reported net profits of KD 85.4 million ($280.1 million) for the first quarter of 2017 compared with KD 78.9 million ($259.0 million) for the same period in 2016. Net …

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Iran opens new S. Pars gas field phases worth $20 bn

Output set to surpass levels of Qatar TEHRAN, April 16, (AFP): Iran’s President Hassan Rouhani inaugurated five new phases of the South Pars gas field on Sunday, the result of some $20 billion in investment, local media reported. The ribbon-cutting of phases 17- 21 pave the way for Iran to …

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Al Mazaya Holding, Boubyan Bank sign financing agreement

KUWAIT CITY, April 16: Al Mazaya Holding and Boubyan Bank have signed a partnership agreement whereby the Kuwaiti bank will provide credit facilities of up to KD 70,000 for property ownership solutions across Oman, Dubai and Istanbul. The agreement is the first such alliance between a real estate developer and …

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KIB posts KD 7.6 mln net profit for Q1

Total assets higher by 7%; financial receivables rise by 10% KUWAIT CITY, April 15: Kuwait International Bank (KIB) reported a net profit of KD 7.6 million at the end of the first quarter of 2017, registering a growth of 13% compared to the corresponding period of the previous year, where …

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Forbes unveils 2017 rankings of World’s Richest Arabs

Prince Alwaleed remains top billionaire; Olayans are richest family DUBAI, UAE, April 13: Forbes Middle East unveils in its April issue its 2017 rankings of the World’s Richest Arabs and the Arab World’s Richest Families. Prince Alwaleed bin Talal remains at the top with an estimated net worth of $18.7 …

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