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FINANCE & ECONOMY

90% of Kuwaiti graduates prefer government jobs

July 21, 2019

90% of Kuwaiti graduates prefer government jobs

KUWAIT CITY, July 20: More than 90 percent of the graduates prefer employment in the government which increases the government burdens. The first part of the state budget is allocated to salaries and wages and despite plans to encourage Kuwaitis to join the private sector, figures and statistics reveal the low employment of Kuwaitis in non-governmental organizations, reports Al-Qabas daily.

Kuwaiti"... Continue Reading

Kuwait at AA … outlook stable: S&P

July 21, 2019

Kuwait at AA … outlook stable: S&P

KUWAIT CITY, July 20, (KUNA): Standard and Poor’s (S&P) kept Friday Kuwait credit rating at AA with stable outlook, and said it could raise rating if the Gulf country carried out wide-scale political and economic reforms. S&P released a report about credit rating of the State of Kuwait regarding rationale behind the rating.

It"... Continue Reading

Sharjah Finance Department strengths ties with Japan finance industry

July 21, 2019

Sharjah Finance Department strengths ties with Japan finance industry

A delegation from Sharjah Finance Department (SFD) visited Tokyo, Japan and met with key Japanese finance officials to discuss various possibilities that can help bolster relationships between the two sides.

The meetings were held at the Japan Bank for International Cooperation (JBIC) and was attended by Sharjah’s delegation"... Continue Reading

MP commends Cabinet decision to increase ‘housing loan’ for women

July 20, 2019

MP commends Cabinet decision to increase ‘housing loan’ for women

MP Safaa Al-Hashem commended the recent decision of the Cabinet to increase the housing loan for women, describing it as the fruit of cooperation between the Parliament and the government. During talks with State Minister of Housing Affairs Jenaan Boushehri, it was highlighted that although the report on the proposal to increase the housing loan for women was withdrawn from the parliamentary agenda; the"... Continue Reading

Move to avoid double taxation on income and capital

July 20, 2019

Move to avoid double taxation on income and capital

BRUSSELS, July 18, (KUNA): Kuwait Ministry of Finance and Luxembourg Ministry of Finance on Wednesday in Luxembourg, initialled a Protocol amending the Convention for the Avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital.

Aseel Al-Munifi- Assistant Undersecretary for Financial"... Continue Reading

Thousands fall for job recruitment scams every year

July 20, 2019

Thousands fall for job recruitment scams every year

Recruitment scams targeting people seeking a better life abroad are common, especially in labor-exporting countries like Egypt and India as well as Bangladesh, Jordan, Philippines, Sri Lanka and other countries.
Kuwait Times was recently informed about one such scam taking place in India. According to a source close to the issue, 41 candidates were recruited without any selection process. The recruitment"... Continue Reading

First Deputy PM reviews structural framework for northern economic zone

July 20, 2019

First Deputy PM reviews structural framework for northern economic zone

First Deputy Prime Minister and Minister of Defense Sheikh Nasser Sabah Al-Ahmad Al-Sabah reviewed the structural framework for the northern economic zone of Kuwait on Thursday . A Defense Ministry press release said that Sheikh Nasser headed a meeting dedicated to the review.

Minister of Public Works and Minister of State for"... Continue Reading

Secure-D Releases the First Ever Mobile Malware Analytics Platform

July 19, 2019

Secure-D Releases the First Ever Mobile Malware Analytics Platform

Secure-D, mobile security platform by leading technology company Upstream, launched a new mobile malware center that reports suspicious Android applications it detects and blocks around the world. The information on the Secure-D Index, currently in beta, allows anyone to easily find what apps pose a threat to their privacy and pocket, in one place, for free. Data is openly available to the whole mobile industry, from app developers, ad networks and publishers, to media, advertisers and mobile network operators that all fall prey to mobile ad fraud. The Secure-D Index includes an aggregated list of Android applications that have been identified as suspicious by Upstream’s security platform. For each app the...... Continue Reading

Swrve Named a Leader in 2019 Gartner Magic Quadrant for Mobile Marketing Platforms

July 19, 2019

Swrve Named a Leader in 2019 Gartner Magic Quadrant for Mobile Marketing Platforms

Swrve, the world leader in real-time, relevant customer engagement, today announced it has been positioned by Gartner, Inc. as a Leader in the 2019 Magic Quadrant for Mobile Marketing Platforms 1. Swrve was one of 18 vendors evaluated in the report. This is the second consecutive year that Swrve has been placed in the Leaders quadrant. Swrve is a real-time marketing and customer engagement platform that enables the world’s largest brands to scale communications to millions of customers, and meet the exact needs of each customer wherever they are, and regardless of channel. Swrve’s real-time relevant engine allows marketing, customer success, and business intelligence departments to process highly granular and contextual customer data, including geo-location, media and streaming preferences, and app usage. Leading brands rely on Swrve for a full...... Continue Reading

Toshiba Memory to Rebrand as “Kioxia” in October

July 19, 2019

Toshiba Memory to Rebrand as “Kioxia” in October

Toshiba Memory Holdings Corporation announced today that it will officially change its name to Kioxia Holdings Corporation on October 1, 2019. The name Kioxia (kee-ox-ee-uh) will be adopted for the names of all Toshiba Memory companies, largely effective on the same date. Kioxia is a combination of the Japanese word kioku meaning “memory” and the Greek word axia meaning “value.” Merging “memory” with “value,” Kioxia represents the company’s mission to uplift the world with “memory,” which forms the foundation of the company’s vision. Kioxia will cultivate the new era of memory, defined by rapidly increasing demands for large-capacity, high-performance storage and data processing, which positions the company to grow sustainably as a leading flash memory producer for many years to come....... Continue Reading

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