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FINANCE & ECONOMY

Kuwait index winds up in red; volume shrinks

November 19, 2018

Kuwait index winds up in red; volume shrinks

KUWAIT CITY, Nov 18: Kuwait stocks sagged on Sunday as it resumed trading after a five-day break. The All Shares Index slipped 12.92 pts in a sluggish session to 5,088.86 points weighed by some of heavyweights even as KIPCO and Humansoft Holding eked gains.

The Prime Market dipped 11.9 pts to 5,285.14 points paring the month’s"... Continue Reading

Thousands of expat job titles in private sector cancelled – ‘Not qualified’

November 19, 2018

Thousands of expat job titles in private sector cancelled – ‘Not qualified’

KUWAIT CITY, Nov 18: Public Authority for Manpower (PAM) has cancelled the job titles of thousands of expatriates who occupy supervisory positions in private sector companies after discovering that they are not highly qualified or their certificates are not accredited by Kuwait’s Ministry of Foreign Affairs, reports Al-Rai daily.

According"... Continue Reading

Kuwait mulling plan to cut 1.5 million expats in 7 yrs

November 19, 2018

Kuwait mulling plan to cut 1.5 million expats in 7 yrs

KUWAIT: Kuwait could soon implement a roadmap to reduce the number of expatriates by at least 1.5 million over the next seven years in a plan that aims at achieving a demographic balance between Kuwaitis and expatriates, a leading newspaper reported yesterday. Citing informed sources, Al-Qabas said that the fatwa and legislative department, the government’s legal body, has asked opinions from government"... Continue Reading

Kuwait launches OTC platform for trade in unlisted companies' shares

November 19, 2018

Kuwait launches OTC platform for trade in unlisted companies' shares

Boursa Kuwait, the region’s fourth-biggest equities exchange by market capitalisation, on Sunday launched an over-the-counter trading platform, becoming the first Arabian Gulf exchange to offer stocks of unlisted companies.

The bourse, which is implementing structural reforms and widening its product offerings to attract"... Continue Reading

AGi Architects' Rock House in Kuwait wrapped with ''origami-like'' stone facades

November 18, 2018

AGi Architects' Rock House in Kuwait wrapped with ''origami-like'' stone facades

This private home in Kuwait, deigned by AGi ARchitects, features a faceted concrete shell clad in stone that folds up and around a central courtyard.

Its shell encloses a series of inwardly facing living spaces. AGi Architects, which has offices in Madrid and Kuwait, designed the Rock House as a single-family home to be eye-catching"... Continue Reading

Kuwait bourse begins off-exchange trades Sunday – New system first-of-its-kind in the Arabian Gulf region

November 18, 2018

Kuwait bourse begins off-exchange trades Sunday – New system first-of-its-kind in the Arabian Gulf region

(KUNA): Boursa Kuwait announced on Saturday it would begin on Sunday effecting Over the Counter Market (OTC) regulations and trading in this off-exchange system at the national stock exchange.

The bourse said on its website that the new system would be launched at 09:00 am (06:00 GMT) and would remain open till closing the operations"... Continue Reading

Boursa Kuwait launches new Over the Counter Market

November 18, 2018

Boursa Kuwait launches new Over the Counter Market

Boursa Kuwait has announced the launch of an Over the Counter Market (OTC), a new trading platform for those companies that are not listed on the bourse.

The new market will serve as a trading platform for companies that are not listed on Boursa Kuwait.

OTC transactions will be carried out through licensed brokerage offices working under Capital Market Authority bylaws and Boursa"... Continue Reading

Telstra: Capital Planning & Delivery Named PMO of the Year

November 18, 2018

Telstra: Capital Planning & Delivery Named PMO of the Year

Today, Project Management Institute (PMI), the world’s leading association for the project, program and portfolio management profession, announced that Telstra: Capital Planning & Delivery (Melbourne, Australia) has been awarded the 2018 PMO of the Year Award. In 2012, Telstra created the Capital Planning and Delivery (CP&D) function as a dedicated capability within the Finance and Strategy organization. Their purpose was clear – support the annual capital investment allocation, prioritization, and planning processes to better support investment programs and projects. Since that time, it has created a single enterprise wide investment gating model, created a sponsorship engagement model going...... Continue Reading

IDC Sets Up “IDC SAMEA” (Southwest Asia, Middle East, Africa)

November 18, 2018

IDC Sets Up “IDC SAMEA” (Southwest Asia, Middle East, Africa)

At the request of several customers who are in advanced stages of discussion with the company and want it to have a strong local presence, International Dispensing Corporation (IDC; IDND) has established IDC SAMEA (Southwest Asia, Middle East, Africa), a regional office based in Dubai. The purpose of IDC SAMEA is to enable, coordinate, and execute turn-key solutions for a large-format aseptic package with"... Continue Reading

Save for 7 years, become a millionaire

November 17, 2018

Save for 7 years, become a millionaire

The average expat will spend just seven years in the Gulf. While this might not seem very long, with financial discipline, committed saving plans and smart investment products it is enough time to realise their dreams of becoming a millionaire, says a financial expert.

By"... Continue Reading

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