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Wednesday
19
June 2019

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Markets

2,639.48 0.41%
Volume
140,767,639
Turnover
0.41%
Trades
4,068
24
Up
3
Flat
4
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Traded stocks 31
4,974.84 1.27%
Volume
51,478,607
Turnover
1.27%
Trades
2,879
17
Up
1
Flat
5
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NBF
4.75
Gulf Cement
0.8
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1.21
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3.83
ADNIC
3.06
DNIR
4
Methaq
0.64
Al Madina
0.22
FAB
14.82
DIB
5.13
Emaar
4.34
ADCB
8.49
UPP
0.34
Salama
0.59
DXB Entertainments
0.2
GFH
0.88

#Jobs


17/02/2019

Solar tech will become competitive in Kuwait

Renewable energies see remarkable growth in most developed countries KUWAIT CITY, Feb 17: Renewable energies have recently seen remarkable growth in most developed countries where they find ways to save oil and gas consumption and reduce carbon emissions in the environment, but have the homeowners and buildings ever thought of saving 10 percent of their bills and selling surplus power, reports Al-Rai daily. Executive Director of the Energy Research and Building Center at the Kuwait Institute for Scientific Research, Dr Osama Al Sayegh, said in an interview with Al-Rai that this is possible, but pointed to the absence of legal...
17/02/2019

New huge cargo ship launched in Tasmania, but exporters warn more capacity is needed in future

By Laura Beavis Tasmanian primary producers have told the State Government not to be complacent about increasing the state's fruit freight exports, following the launch of the nation's largest cargo vessel in Burnie yesterday.Cargo operators have at times struggled to operate Tasmanian routes, because of capacity limitations and operating expenses.Prime Minister Scott Morrison visited the north-west coast to officially unveil the 210-metre long ship, which is capable of carrying 40 per cent more freight per voyage than any other Bass Strait ship.The cargo ship complies with strict international environmental standards, switching from diesel powered engines to the local power grid,...

UAE Space Agency, Australia sign cooperation agreement

ADELAIDE / WAM The United Arab Emirates Space Agency (UAESA), signed a Memorandum of Understanding (MoU), with the Australian Space Agency, which aims to promote the exchange of best practices, knowledge sharing and enhance cooperation and collaboration between both parties in support of space research and technologyThe MoU was signed at the Australian Space Agency in Lot Fourteen, Adelaide, Australia.Commenting on the MoU signing, Dr Mohammed Nasser Al Ahbabi, Director-General of the UAE Space Agency said, “we are firm believers in the importance of international cooperation and collaboration in space, in line with our mission and vision of becoming a...

17/02/2019

Google is reportedly hiding behind shell companies to scoop up tax breaks and land

Should local communities have the right to know before a big tech company moves in? Should they be able to protest before city planners offer those companies millions or even billions of dollars in incentives? Those were the questions raised when Amazon was promised $1.2 billion in subsidies to bring a new headquarters to New York City, and we’re asking them again today — because The Washington Post reports that Google has been using secret shell companies to nab millions in tax breaks as it expands its data centers and offices across the US. The Post’s investigation starts with a...
17/02/2019

Hundreds stranded as British airline Flybmi collapses amid Brexit uncertainty

Hundreds of passengers throughout Europe have been stranded by the abrupt collapse of the British regional airline Flybmi.British Midland Regional Limited, which operates as Flybmi, said it is filing for administration — a British version of bankruptcy — because of higher fuel costs and uncertainty caused by Britain's upcoming departure from the European Union."Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and a lack of confidence around bmi's ability to continue flying between destinations in Europe," the...

FIEO suggests series of measures to boost exports

New Delhi: Exporters body FIEO on Sunday suggested a series of measures including outright exemption from GST, interest subsidy for agri-sector, and more funds for MSME players to boost outbound shipments. With increasing protectionism in several countries, domestic exporters need incentives to increase shipments, Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said. "These support measures, if provided on time has the potential to take the country's exports to USD 375 billion in 2019-20 and create lakhs of jobs. This fiscal, we will cross USD 325 billion to USD 330 billion," he said on Sunday. On Goods and...

17/02/2019

To fight off unemployment, Iraqi youth plant start-up seeds

BAGHDAD: Stuck between an endless waitlist for a government job and a frail private sector, Iraqi entrepreneurs are taking on staggering unemployment by establishing their own start-ups.The first murmurs of this creative spirit were felt in 2013, but the Daesh group’s sweep across a third of the country the following year put many projects on hold.Now, with Daesh defeated, co-working spaces and incubators are flourishing in a country whose unemployment rate hovers around 10 percent but whose public sector is too bloated to hire.Many self-starters begin their journey at an aptly named glass building in central Baghdad: The Station.There, they...
17/02/2019

China to lure foreign investment in state giants

BEIJING: China will seek to attract foreign investment in its larger state-owned enterprises (SOEs), which are undergoing reforms to make them more competitive, the head of the country’s state asset regulator said.China began a new round of reforms in 2016 aimed at streamlining its lumbering SOEs by introducing private capital, curbing overcapacity, shutting down “zombie” subsidiaries and restructuring assets.Private and foreign firms should “actively participate in reform and development of central enterprises, and jointly explore ways of deep cooperation including mixed-ownership,” Xiao Yaqing, chairman of the State-Owned Assets Supervision and Administration Commission (SASAC), said on the regulator’s website on Sunday.China...
17/02/2019

Saudi: January business conditions see strongest improvement in 13 months

February sees the release of January data from the Emirates NBD Purchasing Managers’ Index® (PMI®) for Saudi Arabia. The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data collected from a monthly survey of business conditions in the Saudi Arabian private sector. Commenting on the Saudi Arabia PMI® survey, Khatija Haque, Head of MENA Research at Emirates NBD, said: “The headline Emirates NBD PMI for Saudi Arabia rose to its highest level in more than a year in January.  The main driver was an acceleration in new order growth, which appears to have been domestically driven,...

17/02/2019

Brexit: Theresa May urges Tory MPs to unite and back deal

Theresa May has urged Conservative MPs to put aside "personal preferences" and support a Brexit deal in the Commons.In a letter to all 317 Tory members of Parliament, the prime minister said "history will judge us all" over the handling of Brexit.It comes after the government suffered a defeat in a vote on its strategy.Mrs May says in the letter she will return to Brussels to meet European Commission President Jean-Claude Juncker next week.She will also speak to the leaders of every EU member state over the coming days, she says. The prime minister is trying to secure changes to...
17/02/2019

Citing Brexit, British airline Flybmi ceases operations

British regional airline Flybmi announced Saturday it has ceased operations and filed for administration, citing among other things uncertainty caused by Brexit. Parent company British Midland Regional Limited said it had canceled all flights with immediate effect and its 17 airplanes would no longer connect 25 European cities. Read more: In a spin: Brexit spells trouble for UK vinyl industry  "The airline has faced several difficulties, including recent spikes in fuel and carbon costs," a spokesperson said. "Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process." Read more: Hard Brexit risks...
17/02/2019

Parents of sick babies need more leave, charity says

Two thirds of fathers of premature and sick babies are being forced to return to work while their child is in intensive care, a charity has said.Of 737 parents surveyed by the neonatal charity Bliss and BBC Radio 5 Live Investigates, 77% said they were not given enough time off.One in 10 parents had to leave their job as a result of their baby's stay in hospital, the results suggest.The government is reviewing rules for parents of premature and sick babies.Gemma Reid, from Surrey, gave up her job as a special educational needs teacher when her son, Gabriel, was born...