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Business

Al-Mazaya acquires commercial tower in Riyadh for SR 130mn – Company enhances its portfolio of income generating assets by new acquisition

KUWAIT CITY, Oct 10: Al-Mazaya Holding Group has purchased a new tower servicing the office and commercial sector and occupying an area of 2,160m2 in …

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A year on, OPEC counts cost of relinquishing its ‘swing’ role – Members face new reality – austerity

Next month will be the anniversary of OPEC’s historic decision to relinquish its swing producer role and allow its members to produce oil as much …

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Kuwait bourse ends week’s trading in red –

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,708.75 points, down by 0.21% from the week before …

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Gulf Bank wins prestigious award – Kuwait lender named ‘Best Cash Management Bank in Kuwait’

KUWAIT CITY, Oct 10: Gulf Bank is pleased to announce it has been recognized as the ‘Best Cash Management Bank in Kuwait’ by The Asian …

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G20 ministers endorse crackdown on tax evasion by multi-nationals – Tax dodging costs countries at least $100 bln a year

LIMA, Oct 9, (AFP): Finance ministers from the world’s leading economies gave the green light Friday to a new plan to crack down on tax …

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Kuwait real estate sales dip but prices holding their own Total residential sales in 2015 reach KD 983 million

While sales continue to be slow in the real estate sector, prices seem to be holding up relatively well so far, notwithstanding pockets of softness. …

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Saudi Sept oil production, supply steady — industry source Global oil market needs an anchor, Saudi adviser says

KUWAIT CITY, Oct 9, (RTRS): The lack of a clear leader or “anchor” in the global oil market is fueling uncertainty and leading to sharp …

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VW brand likely to face full-year loss – Company may compensate owners of diesel cars for loss of value

HAMBURG/BERLIN, Oct 9, (Agencies): Volkswagen’s core autos division will likely plunge into a loss this year as it is set to shoulder the bulk of …

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Air France & pilots in first talks since violent protests

PARIS, Oct 9, (AFP): Air France resumed negotiations with pilots’ unions on Friday for the first time since one of its executives had his shirt …

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BMW X6: A fusion of dynamics, comfort and athleticism – Enhanced dynamics go hand in hand with improved efficiency

KUWAIT CITY, Oct 7: Equipped with an even more potent design presence and outstanding performance, the new BMW X6 strengthens its position as a leading …

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