Wednesday , April 25 2018

Business

KIF to showcase over $100b in potential investment opportunities – Forum highlights Kuwait’s determination to continue driving its transformation into a world-class financial and commercial hub

KUWAIT CITY, March 19: The State of Kuwait is rolling out investment partnerships and strategic investment opportunities valued at more than $100 billion in key economic and social sectors for investors that include information & communications technology, oil & gas, renewable energy, electricity & water, urban developments & housing, healthcare, …

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Kuwait Investment Forum 2018 to commence on Tuesday – Prominent govt officials, leading Kuwaiti business and financial community, int’l executives from Fortune 500 companies to participate

KUWAIT CITY, March 18: The Kuwait Investment Forum (KIF) 2018 will be held in Kuwait City on Tuesday, 20th March 2018 under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah at the Bayan Palace and the Jaber Al-Ahmad Cultural Center. KIF 2018 is co-organised by the …

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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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