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FINANCE & ECONOMY

ALECSO's executive board holds meeting in Kuwait Tuesday

September 26, 2017

Arab League Educational, Cultural, and Scientific Organization (ALECSO) executive board will hold a meeting Tuesday to follow up with member countries on latest nominations to choose its new Director General.
Voting for a new director general is necessary following demise of the former chief manager, Abdullah Hamad Muharib, in May.
Kuwait nominated"... Continue Reading

Kuwaiti Capital markets takes part in IOSCO conference

September 26, 2017

Kuwait Capital Markets Authority (CMA) stressed on importance of developing permanent financing, based on emerging capital markets, to them enocuter challenges.
CMA said in a press release on Monday that it partook in the International Organization of Securities Commissions (IOSCO) annual conference, which was held in Colombo, Siri Lanka, with a delegation headed by Deputy"... Continue Reading

Kuwait stocks edge lower, volume drops – Banks say as NBK dives 20 fils; VIVA gains

September 26, 2017

Kuwait stocks pulled lower on Monday to close in red zone for the second straight day as the bourse dipped 27.75 points to 6,767.5 points. Most of the banks and blue chips remained subdued.

The KSX-15 index dropped 17.01 points to 991.64 points. The weighted index lost 5.26 points. The volume turnover meanwhile continued its decline"... Continue Reading

The 9th 'Euromoney Kuwait 2017' conf. kicks off Tuesday

September 26, 2017

The 9th round of 'Euromoney Kuwait 2017' conference will begin on Tuesday to discuss the economic and financial reforms launched by the Kuwait government according to Kuwait's new vision (2035).

According to a statement issued by the conference, the Kuwaiti government's economic and financial reform package 'New"... Continue Reading

Biggest diamond in 100 years finally sells for a knock-down $53m

September 26, 2017

Lucara Diamond finally sold the biggest diamond found in more than a century.

The 1,109-carat Lesedi La Rona diamond was sold for US$53 million, or $47,777 a carat, to Graff Diamonds, Lucara said.

The Lesedi La Rona, or “our light” in the"... Continue Reading

The Republic of Sierra Leone Transitioning As Africa’s First Ever “Smart Country”

September 26, 2017

The Republic of Sierra Leone Transitioning As Africa’s First Ever “Smart Country”

(AETOS Wire)-- Today, Sierra Leone President Dr. Ernest Bai Koroma and RippleNami Inc., a blockchain systems solution provider, announce a nationwide digitization program that will forever change Sierra Leone's global digital standing. By leapfrogging legacy information communication technology (ICT) systems with RippleNami's proprietary technology platform,"... Continue Reading

KONE Middle East and North Africa announces Social Media Competition

September 26, 2017

KONE Middle East and North Africa announces Social Media Competition

KONE, a global leader in the elevator and escalator industry, announces its 5th annual social media competition “Name the KONE Reference” in Middle East and North Africa. The KONE team invites you to have a look at the videos posted on the social media pages, KONE Middle East and North Africa on Facebook and KONE_MENA on Instagram and identify the popular KONE"... Continue Reading

Arzan Wealth Delivers Strong Results with Sale of VW Warehouse in Germany

September 26, 2017

Arzan Wealth Delivers Strong Results with Sale of VW Warehouse in Germany

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on the successful sale of the German warehouse used as a spare parts storage and the distribution center by Volkswagen AG, Germany (“VW Property”).

"... Continue Reading

Eurisko Mobility Adds AI Bots to its Digital Experience Platform for Banks & Financial Institutions

September 26, 2017

Eurisko Mobility Adds AI Bots to its Digital Experience Platform for Banks & Financial Institutions

In exciting news for both financial institutions and their customers, Lebanon-based mobile development leader Eurisko Mobility recently announced the addition of Artificial Intelligence Bots to its Digital Experience Platform (DXP), a cutting-edge solution tailored for banks and financial institutions. Eurisko's fully customizable bots powers all DXP modules"... Continue Reading

ABB And Northvolt Partner for Europe’s Largest Battery Factory

September 26, 2017

ABB And Northvolt Partner for Europe’s Largest Battery Factory

(AETOS Wire)-- ABB and Northvolt have signed a Memorandum of Understanding (MOU) for a wide-ranging supply and technology partnership, including products and services for Northvolt’s state-of-the-art lithium-ion battery factory and close collaboration on development of battery solutions and R&D activities. ABB Technology Ventures (ATV) will support the initial"... Continue Reading

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