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FINANCE & ECONOMY

Kuwait generated $24bn worth of debt issuances over last 10 years

March 25, 2019

Kuwait generated $24bn worth of debt issuances over last 10 years

NBK Capital sponsors GBSA’s Kuwait debt capital markets conference
KUWAIT: Watani Investment Company (NBK Capital), in partnership with the Gulf Bonds and Sukuk Association (GBSA), held the fourth annual Kuwait Debt Capital Market Conference, which was attended by a number of government and private sector representatives that were invited to participate in the conference.

On"... Continue Reading

Prospects and pot holes on the new Silk Road

March 24, 2019

Prospects and pot holes on the new Silk Road

On Saturday, Italy became the first G7 nation to endorse China’s mega Belt and Road Initiative with the signing of a memorandum of understanding (MoU) between Italian Prime Minister Giuseppe Conte and visiting Chinese President Xi Jinping. The Chinese president, who arrived in Rome on Thursday at the start of a three-nation European tour, is aiming to promote his grandiose plan of the opening road,"... Continue Reading

Impact of Brexit on Kuwaiti firms and individuals

March 24, 2019

Impact of Brexit on Kuwaiti firms and individuals

Regardless of the massive political divisions among the public and MPs in the United Kingdom and the European Union (EU) toward Brexit, the harmful implications of post-Brexit is becoming more significant day by day, in particular, the future negative impacts on UK’s economy. The global economy is interconnected, and with the UK ranked as the fifth largest economy in the world, the economic impact"... Continue Reading

Revenues from sale of stamps abroad for 2017/’18 KD 8.9mln

March 24, 2019

Revenues from sale of stamps abroad for 2017/’18 KD 8.9mln

KUWAIT CITY, March 23: The Ministry of Foreign Affairs said revenues from the sale of stamps abroad for the fiscal 2017/2018 was KD 8.9 million, while KD 6.6 million in revenue came from the sale of stamps for April to October 2018 period, reports Al-Qabas daily In response to a parliamentary query, the ministry confirmed its commitment to the plan contained in the study contracts for the project of mechanization"... Continue Reading

Proposal to increase salaries – Increment not less then KD 200 who have no salary scalea

March 24, 2019

Proposal to increase salaries – Increment not less then KD 200 who have no salary scalea

KUWAIT CITY, March 23: The Public Authority for Manpower (PAM) endorsed the proposal to increase the salaries and financial benefits of its staff including allowances, salary scales and premiums to be equal with their counterparts in other public institutions after the merger with the Manpower and Government Restructuring Program (MGRP), reports Al-Shahid daily.

Sources"... Continue Reading

Al-Safat Investment Co Chairman Al-Terkait wins ‘CEO Today Middle East Awards 2019’

March 24, 2019

Al-Safat Investment Co Chairman Al-Terkait wins ‘CEO Today Middle East Awards 2019’

KUWAIT: Chairman of Al-Safat Investment Company Abdullah Al-Terkait has won an award for his achievements and efforts at the ‘CEO Today Middle East Awards 2019’, that was held in February 2019. In a detailed interview that was published in the magazine’s Middle East issue, the chairman talks about the company, its history and his experience while being the Chairman since 2013.

Al-Terkait"... Continue Reading

KIPCO announces 20% net profit increase to KD 28.3m for 2018

March 24, 2019

KIPCO announces 20% net profit increase to KD 28.3m for 2018

KUWAIT: KIPCO – the Kuwait Projects Company (Holding) – has announced a net profit of KD 28.3 million ($93.3 million) for the year ended 31 December 2018, an increase of 20 per cent on the KD 23.6 million ($77.8 million) reported in 2017.

Earnings per share was up 30 per cent from 11.5 fils ($3.8 cents) per share reported"... Continue Reading

ResMed to Host an Investor Meeting on April 4, 2019

March 24, 2019

ResMed to Host an Investor Meeting on April 4, 2019

ResMed (NYSE: RMD) (ASX: RMD) today announced it will host an investor meeting on Thursday, April 4th to discuss the Company’s recent acquisitions, existing joint ventures and strategy pertaining to respiratory care and out-of-hospital software.

Additional information regarding the investor meeting, including the specific"... Continue Reading

Taulia Enhances Platform with New Artificial Intelligence Capabilities in a World First for Working Capital Solutions

March 24, 2019

Taulia Enhances Platform with New Artificial Intelligence Capabilities in a World First for Working Capital Solutions

Harnessing the latest developments in AI technology, Taulia’s upgraded platform supports simplified, informed decision-making and strengthens the buyer-supplier relationships.

  • Taulia has upgraded its platform with a set of new world-class AI capabilities.
  • Rate of suppliers taking advantage of early payment offers increases three fold.
  • The enhanced platform supports"... Continue Reading

TECNO Mobile Teams Up with Etihad Airline and Visit Abu Dhabi to Sponsor Abu Dhabi Cup 2019

March 24, 2019

TECNO Mobile Teams Up with Etihad Airline and Visit Abu Dhabi to Sponsor Abu Dhabi Cup 2019

Global premier mobile phone brand, TECNO Mobile, has teamed up with Middle East’s aviation giant, Etihad Airline and famous tourist platform Visit Abu Dhabi to boost youth football in the region as the official sponsors of this year’s Abu Dhabi Cup.

Manchester City Football Club is hosting this event on Friday 29th"... Continue Reading

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