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FINANCE & ECONOMY

Kuwait Business Council announces largest event in Dubai

February 21, 2019

Kuwait Business Council announces largest event in Dubai

As of tomorrow, the Kuwait Business Council of Dubai and the Northern Emirates will be launching its National Day programme in honour of Kuwait’s 58th National Day and 28th Liberation Day.

Adding to Dubai’s Kuwaiti National Day celebrations, the council will be launching its own celebrations in collaboration with several"... Continue Reading

Budget & Final Accounts Committee to invite Prime Minister for meeting

February 21, 2019

Budget & Final Accounts Committee to invite Prime Minister for meeting

KUWAIT CITY, Feb 20: The Budget and Final Accounts Committee of the National Assembly will invite HH the Prime Minister Sheikh Jabber Al-Mubarak and number of concerned ministers to attend the meeting that will be held next March, reports Al-Qabas daily quoting sources close to the issue.

The meeting will discuss a number of issues"... Continue Reading

GIG reports KD 11.9m in net profit for 2018 with 18.2 % y-o-y growth

February 21, 2019

GIG reports KD 11.9m in net profit for 2018 with 18.2 % y-o-y growth

KUWAIT: Farqad Abdullah Al-Sane, Chairman of Gulf Insurance Group (GIG), announced yesterday that the Group achieved a net profit of KD 11.9 million ($39.2 million), or 66.49fils per share for the financial year ended December 31, 2018. This represents an increase of 18.2 per cent over the KD 10.1 million ($33.1 million) made in 2017. Net Underwriting Income came to KD 11.98 million ($39.4 million), an increase"... Continue Reading

UPAC completes capital increase ‘process’ – CEO

February 21, 2019

UPAC completes capital increase ‘process’ – CEO

KUWAIT CITY, Feb 20: United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, announced that the subscription period for raising its capital has ended successfully. The company has increased its issued and paid-up capital by KD 3,275,000 divided into 32,750,000 ordinary shares, with a total value of KD 18,012,500 including the issuance premium."... Continue Reading

Kuwait and Iraq seek closer trade ties

February 21, 2019

Kuwait and Iraq seek closer trade ties

BAGHDAD, Feb 20, (KUNA): Kuwait’s Minister of Commerce and Industry Khaled Al-Roudhan said on Wednesday that his current visit to Iraq aims to eliminate any hurdles that could encumber the progress of bilateral trade ties.

The Kuwaiti minister’s remarks came amid talks with his Iraqi counterpart Mohammed Al-Ani, where"... Continue Reading

Australia Emerges as a Leading Innovator for Agriculture 4.0

February 21, 2019

Australia Emerges as a Leading Innovator for Agriculture 4.0

(AETOS Wire)-- Australia’s long and distinguished history in agricultural research is cementing its position as a global hub for agriculture and food technology.

Driven by a variety of climates and ecosystems, a stable and favourable business environment, and connectivity with the rapidly"... Continue Reading

Songtradr Acquires Leading Global Music Licensing Agency, Big Sync Music

February 21, 2019

Songtradr Acquires Leading Global Music Licensing Agency, Big Sync Music

(AETOS Wire) -- Songtradr, the largest music licensing platform in the world, today announced it has acquired Big Sync Music Ltd, the world’s leading full service, creative music licensing agency. Headquartered in London, with an APAC-focused team in Singapore and a North/South America-focused team in New York, Big Sync is the largest global music buyer of its kind. Music is sourced for local, regional and worldwide advertising campaigns on behalf of well-known brands, from Dove, Knorr, Magnum and AXE to Johnnie Walker, Samsung, Amazon and Lipton. Songtradr is the only fully-automated, open music licensing marketplace in the world, with over 400,000 artists and catalogs from 190+ countries, developing real-time data intelligence, such as the utilization of streaming and social metadata to guide the licensing experience. “Big Sync’s global...... Continue Reading

50% of Boursa Kuwait to be placed for public by year’s end

February 20, 2019

50% of Boursa Kuwait to be placed for public by year’s end

KUWAIT: Fifty percent of shares of Boursa Kuwait would be placed for public subscription between the end of this year and early 2020, Minister of Commerce and Industry Khaled Al-Roudhan said. Roudhan, also Minister of State for Services, briefed the Cabinet that the public subscription would take place between fourth quarter of 2019 and first quarter of 2020, a statement by the Cabinet said. Roudhan talked"... Continue Reading

Total workforce increases by 66,000 employees by end of 2018: statistics

February 20, 2019

Total workforce increases by 66,000 employees by end of 2018: statistics

KUWAIT CITY, Feb 19: The total workforce in Kuwait has increased by 66,000 employees of both genders by the end of 2018 including 8,562 citizens and 11,394 new domestic workers as well as 47,000 expatriate workers in the private sector, reports Al-Qabas daily.

According to official statistics, the number of expatriate workers in"... Continue Reading

India’s Tea Valley forays into ME Region

February 20, 2019

India’s Tea Valley forays into ME Region

Tea Valley, an aggressively emerging tea brand from De Diet Chef India, debuted at GulFood 2019 marking its foray into to the Middle East market with the world’s widest ever range of tea blends for the international tea lovers, aimed at catering to a growing interest and trend towards specialty tea market in the region.

Tea"... Continue Reading

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