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FINANCE & ECONOMY

How VAT will impact everything from auto insurance to cleaning contracts

November 22, 2017

Some UAE consumers thought they had finished paying for their car insurance and other services for the coming year. Now they’re having to think again.

Gulf News has heard from some consumers after they received letters asking for more money for service contracts that extends into 2018. This includes auto insurance, commercial"... Continue Reading

PCP Capital Partners tables $400m bid for Newcastle United

November 22, 2017

A British businesswoman has made a formal offer of around £300 million ($397 million) for Premier League club Newcastle United, according to British media reports on Monday.

Several media outlets, including the BBC, said Amanda Staveley's financial firm PCP Capital Partners had made a bid to Newcastle owner Mike Ashley.

"... Continue Reading

Kuwait’s heavy debt looms: Banking’s balancing act

November 22, 2017

Kuwait is liquid and managing a tough situation brought about by OPEC-led production cuts. In 2018, the country will be listed by FTSE in the secondary emerging market category boosted by Kuwait’s capital market regulatory changes, allowing it to benefit from an estimated $4.4 billion of passive flows.

But it’s the"... Continue Reading

Emergency team formed to figure out onion crisis

November 22, 2017

Acting Minister of Commerce and Industry Khalid Al-Rawdan has formed an emergency team tasked to find solutions to the onion crisis, reports Al-Rai daily quoting sources. In a related development, acting Minister of Health Dr Jamal Al-Harbi visited the fruits and vegetables market after the announcement of the Public Authority for Food and Nutrition on lifting the ban on importing some kinds of vegetables"... Continue Reading

LuLu Hypermarket launches ‘Extraordinary Italian Taste’ campaign

November 22, 2017

LuLu Hypermarket, the leading retailer and hypermarket chain in the region, introduced shoppers to the exotic food flavors of Italy with the launch of the Extraordinary Italian Taste campaign. The festival was inaugurated by Italian Ambassador to Kuwait H.E. Giuseppe Scognamiglio on 20 November at the Al Qurain outlet of LuLu Hypermarket, in the presence of the hypermarket's top management and a large"... Continue Reading

A step towards innovation – Alibaba Cloud Becomes Presenting Partner of the FIFA Club World Cup

November 22, 2017

A step towards innovation – Alibaba Cloud Becomes Presenting Partner of the FIFA Club World Cup

Alibaba Group and FIFA announced today Alibaba Cloud – the cloud computing arm of Alibaba Group – as Presenting Partner of the FIFA Club World Cup until 2022. The announcement was made on the occasion of the Computing Conference held by Alibaba Group in Guangzhou.

Commenting on the agreement, FIFA’s Director Marketing"... Continue Reading

First Tom Ford Beauty Store Opens in London

November 22, 2017

First Tom Ford Beauty Store Opens in London

(AETOS Wire)-- Debuting on November 20, 2017, the first TOM FORD beauty standalone store is the ultimate in luxury beauté, expressed through Tom Ford’s singular vision. Located in historic Covent Garden (3 The Market Building) this store is a pivotal moment in the evolution of the brand.

The"... Continue Reading

ITS named ‘Critics Choice Best Islamic Retail Banking Solutions Provider 2017’ – ETHIX world-class product range wins top honors

November 21, 2017

International Turnkey Systems (ITS), the market leading provider for comprehensive Islamic financial solutions, was named the winner of the Critics’ Choice Best Islamic Retail Banking Solutions Provider 2017 for its innovative ‘ETHIX’ product range at the 3rd Islamic Retail Banking Awards (IRBA). The award was presented during a prestigious ceremony held at the JW Marriott Marquis Hotel,"... Continue Reading

Kuwait bourse swings into red; volume drops – Humansoft Holding dips 50 fils; Ooredoo gains

November 21, 2017

Kuwait stocks swung into red on Sunday after trading higher in the previous week. The price index, after drifting sideways for most part of the session, dipped 46.92 points to 6262.39 pts as renewed regional tensions weighed on the sentiment.

The KSX 15 benchmark fell 3.31 points to 922.65 pts taking the month’s losses to"... Continue Reading

Bid to globalize FATCA

November 21, 2017

Bankers around the world disclosed there is an international trend to globalize the Foreign Account Tax Compliance Act (FATCA) on foreign accounts of the Americans under the name Global Account Tax Compliance Act (GATCA), so most countries in the world, including Kuwait, can apply it on the income and investments of their citizens overseas, reports Al-Anba daily.

GATCA"... Continue Reading

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