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12:15
Friday
21
September 2018

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2,764.38 0.86%
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236,766,479
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26
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Al Mansour Bank
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Argentina, Turkey, Indonesia – why it's too early to speak of contagion in emerging markets - Dotemirates

Argentina, Turkey, Indonesia – why it's too early to speak of contagion in emerging markets

Close Turkey's Currency Crisis 2018 Explained Reuters, Getty Images Turkey, Indonesia and Argentina have all seen their currencies experience huge drops in recent months. Similarly, stocks in India, South Africa, Mexico and others have taken a hit.Emerging markets across the board have been under pressure since the US Federal Reserve raised interest rates in June. Governments and companies had borrowed in dollars when interest rates were low and the dollar was weak. Now the dollar is strong and interest rates are rising. And research by economists Michael Bordo, Chris Meissner and David Stuckler has shown that countries with higher foreign...


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3 hour 32 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 37 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 37 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 38 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 42 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 48 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...