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FINANCE & ECONOMY

The 10 best countries for work-life balance, according to expats

May 24, 2018

The 10 best countries for work-life balance, according to expats

Moving to a new country usually means adjusting to a new way of life — both in and out of work.

InterNations, the world's largest network for expats, has compiled the top 10 countries for work-life balance. The ranking is based on interviews with some 13,000 expats living in 188 regions.

The"... Continue Reading

FB Group Delivers Large Water Filtration Units

May 24, 2018

FB Group Delivers Large Water Filtration Units

FB Group arranged the delivery of large water filtration units. The sections of the package were dismantled and wrapped in shrink foil. They were then shipped across the water in Kuwait. To find out more about FB Group’s water filtration units, please contact the company via the enquiry form. power-technology ... Continue Reading

Kuwait Petroleum plans $2.6b loan for LNG terminal — sources

May 24, 2018

Kuwait Petroleum plans $2.6b loan for LNG terminal — sources

A Kuwait Petroleum Corporation-owned firm plans to borrow up to $2.6 billion (Dh9.5 billion) from banks and export credit agencies to build a liquefied natural gas import terminal, banking sources said.

Kuwait Integrated Petroleum Industries Company (KIPIC) will use the money raised to develop the terminal at Kuwait’s Al"... Continue Reading

GCC banking in a very strong spot: Al Fulaij

May 24, 2018

GCC banking in a very strong spot: Al Fulaij

Salah Al-Fulaij, CEO- Kuwait at National Bank of Kuwait said in an interview with MEED Magazine that the impact of subdued credit growth and rising NPLs in recent years, mainly the lower oil price years, has been very-well dealt with by the regulators. He added that most banking systems went into the lower oil price environment in much stronger positions relative to what happened during the financial crises.

"... Continue Reading

Al Mawashi looking beyond Australia for sheep imports

May 24, 2018

Al Mawashi looking beyond Australia for sheep imports

Kuwait’s Livestock Transport and Trading (Al Mawashi) is in talks with possible new livestock suppliers after an Australian lawmaker proposed legislation to ban the export of live sheep, its chief executive said on Wednesday.

The proposal followed an outcry in Australia after footage emerged showing 2,400 sheep dying from"... Continue Reading

CTC approves KNPC tender for third extension of cleaning company

May 24, 2018

CTC approves KNPC tender for third extension of cleaning company

The Central Tenders Committee (CTC) has approved the request of the Kuwait National Petroleum Company (KNPC) for the third extension of the tender for cleaning services of the company’s refineries and the local marketing contract with Abdul Hameed Salem Trading Company, reports Al-Rai daily.

The six-month contract is worth"... Continue Reading

Minister visits co-ops to monitor prices of goods

May 24, 2018

Minister visits co-ops to monitor prices of goods

Minister of Commerce and Industry Khaled Al-Roudan inspected several cooperative societies with the objective of monitoring prices to ensure there is no price manipulation or unjustified price increase, considering there are several record-breaking promotions in this year’s holy month of Ramadan. In a press statement after the inspection tour, Al-Roudan disclosed an electronic mechanism will be introduced"... Continue Reading

Will private debt fund Gulf's next property boom?

May 24, 2018

Will private debt fund Gulf's next property boom?

The next decade is expected to witness a major growth in private debt as an alternative to commercial bank lending in the Gulf, with diversified capital sources set to boost development of the real estate market, according to a new report.

The report by JLL in conjunction with Clifford Chance said that despite continued growth"... Continue Reading

Green Economy Summit to discuss digital impact

May 23, 2018

Green Economy Summit to discuss digital impact

Global issues and important strategies, including the digital age and its impact on building a ‘green’ and sustainable future growth across industries will form the agenda for the upcoming World Green Economy Summit (WGES 2018) in Dubai, UAE.

The fifth edition of the summit is set to take place from October 24 to 25 under the patronage of Sheikh Mohammed Bin Rashid Al Maktoum, Vice"... Continue Reading

UK’s TSC, Texpo partner for transport innovation

May 23, 2018

UK’s TSC, Texpo partner for transport innovation

UK’s Transport Systems Catapult (TSC), a transport solutions firm, has signed an agreement with Dubai & UK based IT infrastructure company Texpo, aiming to export UK expertise to drive transport innovation in GCC Countries.

The TSC and Texpo are exploring the Dubai Government's current and future requirements and challenges around hosting mega-events like the World Expo 2020 and"... Continue Reading

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