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Standard Chartered appoints Emirati woman as new UAE CEO - Dotemirates
1 week 2 day

Standard Chartered appoints Emirati woman as new UAE CEO

Standard Chartered has appointed Rola Abu Manneh as the new CEO for its business in the UAE with immediate effect, it announced on Sunday. Abu Manneh replaces Julian Wynter, who will be retiring following 26 years of service at Standard Chartered. He took over the UAE CEO post in November 2015. The Emirati banker joins from First Abu Dhabi Bank where she served as a senior managing director and head of Corporate and Investment Banking Division for the Abu Dhabi region. She has also held senior-level positions in the domestic and international banking divisions and in wholesale banking, a statement...


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Business News

3 hour 31 minute

‘Inflation in Kuwait rose 0.89 percent in August’

KUWAIT CITY, Sept 20, (KUNA): Basic consumer prices (inflation) rose by 0.89 percent in August compared to the same month last year, the monthly report of the Central Statistical Bureau (CSB) showed. Consumer Price Index (CPI) increased monthly to 113.2 by 0.09%, as compared to July, as a result of high prices of major groups in the movement of the indices. And annually consumer prices registered in August 2018 increased by 0.89% compared with August 2017, said the Central Statistical Bureau in a report released on Thursday. Following the annual price movement in August 2018: Food and beverage group increased...
3 hour 36 minute

Women 'half as likely' as men to start a business

"Unfair obstacles" may be stopping women from starting and growing their own companies, the government has said.It said women were half as likely as men to start their own business, and only a fifth of smaller firms were led by females.It said this was creating a "significant pool" of untapped potential. It has asked Alison Rose, head of RBS commercial and private banking, to lead a government review into the issue. "Unfortunately, statistics show that women make up only a third of all entrepreneurs in the UK," Ms Rose said. "To better drive the UK's economy, we need to understand,...
3 hour 36 minute

Bangladesh signs $50 million deal with World Bank for urgent health needs of Rohingyas

Economic Relations Division Secretary Kazi Shofiqul Azam and World Bank Country Director Qimiao Fan signed the agreement in Dhaka on Thursday.The agreement will help the government respond to the health, nutrition, and family planning needs of the Rohingya population in Cox’s Bazar, according to a statement from the World Bank.This additional financing to the existing Health Sector Support Project will help provide essential health and nutrition services to the Rohingya people, which will include maternal, neonatal, infant, child, and adolescent health, nutrition and psychosocial services, as well as reproductive health care. “Nearly one million Rohingya live in congested camps, including...

3 hour 37 minute

Kuwaitis 4th largest buyers

Recent real estate statistical data has shown Wednesday that the Kuwaitis were the fourth largest foreign real estate buyers in Turkey in August 2018. Kuwaitis bought 271 real estate properties in Turkey last month, ranking fourth after Iraqis, 944, Iranians, 394, Saudis, 275, and ahead of Russians, who bought 192, according to the Turkish Statistical Institute’s data report. Real estate sales to foreigners in Turkey reached 3,866 in August, an increase by 129.6 percent compared to the same month in 2017. Istanbul topped the list of cities targeted by foreign real estate buyers with a total of 1,141 sold properties...
3 hour 41 minute

SAB achieves direct cost-saving of KD677,417

‘Al-Metla’a Housing City subject to special supervision’ KUWAIT CITY, Sept 20: Head of the team tasked to prepare annual and activity reports for the Prior Control and Technical Support Shadha Bozbar, who also serves as senior audit officer in the Prior Control Department for Social Affairs at the State Audit Bureau (SAB) said the bureau has achieved direct cost-saving for the treasury amounting to KD677,417, reports Al-Rai daily. According to Bozbar, this came after reviewing 285 cases for bodies under the Prior Control Department in August, adding that the department has so far saved KD10.471 million since the start of...
3 hour 47 minute

Ministries considering ‘ways’ to provide subsidy for businesses

Finding job opportunities for Kuwaiti youth top priority KUWAIT CITY, Sept 20: Relevant ministers have completed the basic procedures for implementing the Cabinet’s decision concerning subsidy for Kuwaiti youth who obtained home-business licenses, reports Al-Anba daily quoting informed sources. They explained that the procedures include conditions and requirements for the issuance of such licenses. The businesses covered by these licenses have been determined, and the concerned state bodies have been automatically linked. Some licenses have already been issued and a number of projects are currently under implementation. The sources said a number of ideas concerning ways for providing the subsidy...