Ford Endeavour costlier by up to Rs 1.8 lakh post cess hike

September 26, 2017

Automaker Ford India has raised prices of its premium SUV Endeavour by up to Rs 1.8 lakh following hike in GST cess rates. The company sells a range of vehicles in the country, from Figo hatchback to iconic Mustang sedan. 'Price of Endevour has gone up in the range of Rs 1.2 lakh to Rs 1.8 lakh depending on the variant,' a company spokesperson told . The impact on company's other models has not been much, the spokesperson added. Various automakers including Hyundai Motor India, Fiat Chrysler Automobiles (FCA), Honda Cars India and Toyota Kirloskar Motor (TKM) have already raised prices following the hike in cess. The cess rates, under the Goods and Services Tax (GST), on mid sized and large cars and...... Continue Reading

Qatar takes delivery of first 747-8F and adds more 777s to fleet

September 26, 2017

Qatar Airways announced an order today for two 747-8 freighters and four 777-300ERs (Extended Range), valued at $2.16 billion at list prices. The Doha airline then took immediate delivery of the first of the freighters.

'The addition of our very first 747-8 freighter is a significant moment for our Cargo division, and a welcome"... Continue Reading

Bondholders push back on Dana Gas sukuk invalidation claims in London court

September 26, 2017

Sharjah-based Dana Gas sought to have US$700 million worth of Islamic bonds declared unlawful so it could avoid repaying investors next month, London’s High Court heard on Monday, a charge the company has denied.

The company’s claim that a huge 2013 financing deal was invalid owing to subsequent changes in Islamic financial"... Continue Reading

Kuwaitis ranked 3rd in Turkish real estate purchase - statistics

September 26, 2017

Turkish Statistical Institute said Monday that Kuwaitis ranked third in terms of foreigners buying real estate in the country after the Iraqis and Saudis.
According to latest statistics, Kuwaitis bought 135 properties last August to be ranked third after Iraqis who bought 317 and Saudis with 198 units.
House sales for foreigners reached 1,684 increasing"... Continue Reading

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

Apple shares fall on iPhone X supply fears

September 26, 2017

Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.

Digitimes, citing unnamed sources, reported that Apple suppliers were shipping just 40 per cent of the components originally ordered for the premium"... 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 Chairman"... 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

USA sets 3 conditions for Kuwait for entry to United States from Kuwait

September 26, 2017

The United States of America has set three conditions for Kuwait to open a pre-clearance facility for entry to the United States from the Kuwait International Airport, reports Al- Qabas daily quoting informed sources.

The sources said the negotiations between the two countries will continue for a long time until the conditions are"... Continue Reading

No contagious viruses transmitted through fingerprinting devices: MoH

September 26, 2017

Ministry of Health has denied the reports concerning the possibility of transmission of several contagious viruses such as Hepatitis B and Hepatitis C viruses, and even Acquired Immune Deficiency Syndrome (AIDS) through fingerprint attendance devices.

Head of Thunaiyan Al Ghanim Gastroenterology Center at Amiri Hospital Dr Haifa Askar"... Continue Reading

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