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‘ Let co-op empty spaces be utilized for recreational areas’ - Dotemirates
11/09/2018

‘ Let co-op empty spaces be utilized for recreational areas’

KUWAIT CITY, Sept 11: MP Askar Al-Enezi has submitted a proposal on allowing cooperative societies to utilize empty spaces around them for the establishment of recreational areas. In his proposal, the MP pointed out that the country should grant licenses to cooperative societies to utilize the empty spaces surrounding their buildings as venues for recreational, cultural and entertainment activities which will be open to the public, especially the youths Please follow and like us:


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16/04/2019

India’s Jet Airways holds crisis meeting after lenders reject fund injection

MUMBAI: The board of stricken Indian airline Jet Airways could suspend all operations Tuesday after lenders refused to release emergency funds to keep the debt-laden carrier flying, media reports said.An emergency board meeting was called for Tuesday after the latest blow to the beleaguered company.Thousands of passengers have been stranded in recent weeks after the airline, which has debts of more than $1 billion, canceled international flights because it cannot pay its bills.Chief Executive Vinay Dube called the board meeting after lenders led by the State Bank of India failed on Monday to agree to give needed emergency cash.“The management...

Nestle India plans to seek shareholders' nod every 5 yrs on royalty to parent firm

New Delhi: FMCG major Nestle now plans to seek shareholders' approval every five years for royalty payment to its Swiss parent firm Societe des Produits Nestle SA, after receiving their feedback over the issue. Modifying an ordinary resolution in a notice dated March 12, 2019 to its shareholders, Nestle India said that now it will seek approval from its shareholders every five years over the royalty payment. "Respecting the feedback received and the commitment of the company to high standards of corporate governance including shareholder rights, approval of members shall be sought every 5 (five) years in compliance with the...
16/04/2019

Saudi wealth fund PIF in talks to raise up to $8bn bridge loan

Saudi Arabia’s Public Investment Fund (PIF) is in talks with banks to raise a short-term bridge loan for as much as $8bn to use for new investments, two sources said.The sovereign wealth fund finalised a deal last month to sell its 70 per cent stake in Saudi Basic Industries (SABIC) to Saudi Aramco for $69.1bn.Proceeds from the SABIC deal, which Saudi Aramco has said is expected to close in 2020, could take a few months to come through to PIF, while a document seen by Reuters said the oil giant will pay for the deal in tranches.One of the sources...

16/04/2019

UAE’s Finablr to list on London Stock Exchange

United Arab Emirates-based payments and foreign exchange company Finablr plans to proceed with an initial public offer on the London Stock Exchange, a week after the company revealed that it was considering one.Finablr, whose brands include UAE Exchange, Travelex Holdings and Xpress Money, said on Tuesday the final offer price will be determined following a book-building process, with the listing currently expected in May.Finablr confirmed it is planning to raise $200 million from the sale of new stock, with some existing shares also being offered for sale. It plans to sell at least 25 percent of its equity.The prospectus is...
16/04/2019

Arabian Centres to launch largest Saudi IPO since 2014

RIYADH: Shopping mall operator Arabian Centres, owned by Fawaz Alhokair Group, will this month launch what could be Saudi Arabia’s largest initial public offering (IPO) in five years, which it hopes will raise around $1 billion.Arabian Centres said on Tuesday it will offer 95 million shares, representing 20 percent of the company, in what would be this year’s first Saudi IPO.Riyadh has been encouraging more family-owned companies to list in a bid to deepen its capital markets as part of reforms aimed at reducing reliance on oil revenue.The Arabian Centres IPO is planned to start around April 28, said Chief...
16/04/2019

Transcosmos upgrades “transpeech,” its speech recognition solution

transcosmos inc. will expand the coverage of “transpeech,” its speech recognition solution, and deliver two upgrades. By the end of 2019, the company will install the solution to 2,000 workstations in its contact center network across Japan, a considerable expansion of its service coverage, and will add a new emotion analysis feature. With this emotion analysis feature, clients can perform new initiatives such as preventing potential issues, visualizing selling points and more, at no extra charge. What is transpeech? transpeech is a speech recognition solution that helps clients address the challenges they face in the contact center business. Combining transcosmos’s...