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Business confidence falls across the Middle East with further decline in sentiment expected

July 23, 2017

Business confidence falls across the Middle East with further decline in sentiment expected

Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level since the second quarter of 2016, according to the latest edition of the Global Economic Conditions Survey (GECS).

The region is also likely to face further challenges over the coming year, according to the quarterly survey"... Continue Reading

President of Arabic Language Academy of Jordan suggests unified Arabic academy in Makkah

July 23, 2017

President of Arabic Language Academy of Jordan suggests unified Arabic academy in Makkah

There should be one unified Arabic language academy, instead of the 12 academies currently existing in the Arab world, and its headquarters should be Makkah City, said Khalid Al Karaki, President of the Arabic Language Academy of Jordan, the institution that won the King Faisal International Prize 2017 for Arabic Language and Literature.

Al"... Continue Reading

KBR unit wins $3bn US project contract

July 22, 2017

KBR, a global provider of differentiated professional services and technologies, said its global Government Services business, KBRwyle, is one of the winning bidders on the National Oceanic and Atmospheric Administration's (NOAA) Professional and Technical (ProTech) Satellite Domain contract in support of NOAA's satellite activities worldwide.

The contract has a two-year base period and"... Continue Reading

Samsung debuts world’s first cinema LED display

July 22, 2017

Samsung Electronics said it has installed the world's first commercial cinema LED screen at Lotte Cinema World Tower in Korea in collaboration with Harman Professional Solutions.

Designed as a High Dynamic Range (HDR) LED theater display, the Cinema LED Screen creates a more captivating and vibrant viewing experience through next-generation picture quality and true-to-life audio thanks to"... Continue Reading

Wavefront issued 15-well stimulations campaign in Kuwait

July 22, 2017

Wavefront Technology Solutions Inc., a global supplier of fluid injection technology for oil and gas well stimulation and Improved/Enhanced oil (IOR/EOR) recovery has announced that the Company, through its local distributor, has been issued a campaign of 15 well stimulations in Kuwait.

The 15-well stimulation campaign consists of"... Continue Reading

Kuwait's trade surplus with Japan up 46pc

July 22, 2017

Kuwait's trade surplus with Japan expanded by 46.1 per cent from a year earlier to 25.6 billion yen ($228 million) in July, up for the sixth month in a row, thanks to brisk exports, said state news agency Wam citing data from Japanese Finance Ministry.

Kuwait’s overall exports to Japan grew 20.4 per cent year-on-year to 38.8 billion yen ($346 million) for the sixth consecutive month"... Continue Reading

Tajawal launches Visa Checkout in Kuwait

July 22, 2017

Tajawal, a Dubai-based online travel booking site, has collaborated with Visa to provide Visa Checkout to its customers in Kuwait.

As the first online travel agency in the Mena region to integrate Visa Checkout on their website earlier this year, tajawal is now rolling out the service across multiple markets, to provide users in the region with the most convenient booking process possible, the"... Continue Reading

Turkish Cargo to carry fresh fish on Bodrum-Kuwait route

July 22, 2017

Turkish Cargo has added a new service point to its network for transporting fresh fish shipments. With the aim of transporting fish that is bred in Bodrum to Kuwait as fresh as possible, Turkish Cargo has begun to accept fresh fish shipments on its directly operated Bodrum-Kuwait passenger flights. By making use of such flights operated on Saturdays"... Continue Reading

Burgan Bank's H1 net income up 24pc

July 22, 2017

Kuwait-based Burgan Bank Group has registered a 24 per cent jump in its net income for the first half of 2017 which soared to KD39 million ($128 million) from last year's KD31.4 million ($103.5 million).

Announcing the earnings for the first six months, Burgan said the selective and prudent growth approach amid regional operating environment complexities, continues to yield good results, and"... Continue Reading

Study launched to hike expats healthcare fees to KD 5 – KD 10

July 22, 2017

Regarding the increase in charges of medical services for expatriates, Minister of Health Dr. Jamal Al-Harbi said, “The cost incurred by Ministry of Health for providing health services is too much. Expatriate visitors receive medicines and even surgeries at very low cost in comparison to the costs in their own countries. Expatriate residents receive medical attention for as low as KD 1 or KD 2”.

"... Continue Reading

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