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Dell to buy EMC in record $67bn deal - Record tech tie-up to speed up its move into the cloud, mobile market
NEW YORK: Dell said yesterday it was buying EMC, the world’s largest data-storage provider, for $67 billion in a record tech tie-up to accelerate its move into the cloud and mobile market. The mega merger would combine Dell, whose core global personal computer business is facing declining PC demand, with EMC’s strength in enterprise storage.Dell said the acquisition of EMC “will create the world’s largest privately controlled, integrated...
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Oil glut, equity market concerns weigh on oil - NBK ECONOMIC REPORT
KUWAIT: The volatility that characterized oil markets in late August gave way to a more settled period in September, with benchmark crudes, Brent and West Texas Intermediate (WTI), trading within the $46-49.0 per barrel (bbl) and $44-46.0/bbl ranges, respectively, for most of the month. At September's close, Brent settled at $47.2/bbl while WTI reached $45.1/bbl. Both crudes were still down near six-and-a-half-year lows, however, depressed by...
Daniel Palmer at GlassPoint booth at the exhibition
GlassPoint's Miraah project a great opportunity for Kuwait: Official
Daniel Palmer at GlassPoint booth at the exhibitionKUWAIT: GlassPoint Solar is participating in the 2nd Kuwait Oil and Gas Show (KOGS) taking place from October 11-14 at Kuwait International Fairgrounds in Mishref. On the sidelines of the exhibition, Daniel Palmer, vice president of sales, told Kuwait Times that GlassPoint's Miraah project will be a great opportunity for Kuwait. "We are here in Kuwait because we believe that Kuwait is a very...
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Solar-powered oil production can strengthen energy security - GlassPoint showcases solar enhanced oil recovery technology
KUWAIT: GlassPoint Solar, the global leader in solar enhanced oil recovery (EOR), is showcasing its innovative solar steam technology at the Society of Petroleum Engineers (SPE) Kuwait Oil & Gas Show and Conference 2015 (KOGS) that commenced on Sunday. The show will last till October 14.Engineers, executives and students will learn how GlassPoint's solution can empower oil producers with an economic alternative to using natural gas in heavy oil...
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Wadhawan wins Business Leadership Award
KUWAIT: S Kumar Wadhawan, Chairman of Samara Group, won Business Leadership Excellence Award at the World Leadership Congress (WLC) which was concluded on October 6, 2015 at Taj Dubai, UAE. The award was presented at a gala dinner ceremony which was well-attended by over 200 participants from 65 countries including the US, Europe, GCC and Asia.The World Leadership Congress Awards recognize outstanding business leaders and organizations for their...
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Burgan Bank’s Airport working hours during Hijri New Year holiday
KUWAIT: Burgan Bank announced yesterday that its airport branch will resume normal working hours during the upcoming Hijri New Year Holiday from 8:00 am to 10:30 pm, whereas other branches will be closed from Wednesday 14th October 2015 to Thursday, 15th October 2015. The bank will resume normal working hours throughout its operations and branches on Sunday, 18th October 2015.This step comes in line with the bank’s initiative in accommodating...
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Jazeera Airways' shareholders OK voluntary reduction of capital - Total payouts in 2015 reach KD52.7 million
KUWAIT: In an Extraordinary General Meeting of shareholders held yesterday, Jazeera Airways shareholders approved a board recommendation to reduce the company's capital from KD42 million to KD20 million through a share buyback program to readjust the company's capital to match the size of current operations after exiting the aircraft leasing business.The company will buy back 220 million shares at the nominal share price of 100 fils, resulting in...
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How the US pays three times more for drugs - Transatlantic divide
LONDON: US prices for the world's 20 top-selling medicines are, on average, three times higher than in Britain, according to an analysis carried out for Reuters. The finding underscores a transatlantic gulf between the price of treatments for a range of diseases and follows demands for lower drug costs in America from industry critics such as Democratic presidential candidate Hillary Clinton. The 20 medicines, which together accounted for 15...
In this photograph taken on Aug 4, 2015, deaf Indian child labourer Nagina (center) and others collect mica at a scrap mine in this district of the eastern Indian state of Jharkhand. — AFP
Indian children labor to bring sparkle to makeup
In this photograph taken on Aug 4, 2015, deaf Indian child labourer Nagina (center) and others collect mica at a scrap mine in this district of the eastern Indian state of Jharkhand. — AFPGIRIDIH, India: Her face caked in dirt and hair matted with sweat, eight-year-old Lalita Kumari hacks away at pieces of rock containing an elusive mineral that adds a dash of sparkle to lipstick and nail polish. While taking a breather in the hollow of a...
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Gloria and Emilio Estefan celebrate immigrants in musical
With some US presidential candidates on the campaign trail demonizing immigrants, a powerhouse husband-and-wife team, who both happen to be immigrants themselves, hope they can offer some balance - and some pop songs. Gloria Estefan and her husband, Emilio, are shepherding their musical biography "On Your Feet!" to Broadway this fall. It's a show that celebrates two Cuban-Americans who embraced the American Dream and now own enough Grammy Awards...
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Tokyo fashion: Superior street style lost in transaction
Tokyo fashion week opened yesterday with a show by a US designer, an arrangement observers say underlines the absence of local labels on the world stage despite Japan's reputation for the edgiest streetwear. More than fifty fashion houses will exhibit their collections over the next six days, casting a spotlight on designers working with materials ranging from denim to handwoven silk. "There is no shortage of design talent in Japan," said Akiko...
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Teenage girls and drama therapy break new ground in Iraq
Haneen, who has spent most of her life in orphanages, says she used to stay weeks locked up in herself, aimlessly eating, watching TV and sleeping through each day. Last week, the 13-year-old Iraqi girl was beaming with joy and excitement when the crowd at a Baghdad theatre gave her and her friends a rousing round of applause. "Now I'm happy. I sing, dance and joke with my friends from the orphanage," she said. "I have changed. People are asking...
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DHAKA: An unidentified man bleeds after being shot during a clash between police and anti-quota protesters on July 19, 2024. - AFP
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Haya AlMaqroun
People call for transparency as concerns mount over food poisoning and safety
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KUWAIT: Interior Ministry Undersecretary Lt Gen Sheikh Salem Al-Nawaf Al-Sabah chairs a meeting of the Supreme Traffic Council on July 21, 2024. - KUNA
Smooth flow traffic eyed
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US President Joe Biden
BIDEN DROPS OUT OF RACE
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HODEIDA: This handout satellite image shows a view of burning oil tanks in the port of Yemen’s Houthi-held city of Hodeida on July 21, 2024, a day after Zionist airstrikes. - AFP
Kuwait expresses concern as Zionists attack Yemen