Author: Ahvakhs

Kuwait City: Boursa Kuwait Securities Company (KPSC) held its Annual General Assembly meeting for the year ended 31 December 2022 on Thursday, 23 March 2023 at the Boursa Kuwait building. The Board of Directors’ recommendation to distribute cash dividends of 85 fils per share was approved, amounting to KD 17،065،939 (Seventeen million, sixty-five thousand, nine hundred and thirty-nine Kuwaiti Dinars). Shareholders registered by the end of the record date of 9 April 2023 will receive their share dividends by the end of 12 April 2023, the company’s scheduled payment date. The Board of Directors’ report, the Independent Auditor’s report and the…

(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 18. European Bank for Reconstruction and Development (EBRD) has updated the forecast for Uzbekistan’s gross domestic product (GDP) growth for 2023-2024, trend reports via the bank. According to the bank, Uzbekistan’s GDP will increase by 6.5 percent in 2023. The EBRD also projects that the GDP growth rate in 2024 will reach 7 percent. The indicators for Uzbekistan have not changed from the EBRD’s estimations in September 2022. Turkmenistan’s GDP growth is estimated at the same level as Uzbekistan, while Tajikistan is expected to have the highest GDP growth among the Central Asian countries this…

Fawaz Gruosi lives a life of duplicitous duality: he has managed a career as a famed jewelry designer to the stars while simultaneously being at the center of one of the largest money laundering schemes in modern history on behalf of his benefactor, Isabel dos Santos. Dos Santos, daughter of the late Angolan president Jose Eduardo dos Santos, is currently wanted by Angolan prosecutors for widespread embezzlement and fraud, having stolen billions of dollars’ in assets from the Angolan state. Dos Santos has denied the embezzlement charges and claims she is the victim of a political “witch-hunt”. She continues to live…

Kenes Rakhisev, chairman of Board of Directors at Kazakhstan’s Fincraft Resources, and Sandeep Jajodia, managing director of Indian holding company Monnet Group, reached an agreement to jointly establish a ferroalloy plant in Kazakhstan. A memorandum of understanding was signed in Astana on December 14, 2022. The plant is ceremoniously named TB Alloys Kazakh Limited. The new plant is envisioned to be constructed in the industrial zone of Taraz city with the company has already started preparation works. Taraz is the administrative seat of Jambyl region in the south of the country near the border with Kyrgyzstan. Initially, the plant will have…

The India-UAE Partnership Summit, which is scheduled to be held here next week, will see comprehensive deliberations on the crucial economic subjects of manufacturing, AgriTech, food processing and fintech, according to an official statement issued by the organisers. The event. which is to be held on January 24, is being held in cooperation with Dubai Chamber and will be addressed by Piyush Goyal, Minister of Commerce & Industry. One session during the summit is focused on manufacturing and startups, which is pertinent considering Indian start-ups have raised USD 42 billion and added 46 Unicorns in 2021 and the Production-Linked Incentive…

Thousands of Moroccans protested against normalisation with Israel in several cities on Saturday, coinciding with the second anniversary since Rabat resumed its diplomatic relations with Tel Aviv. The Moroccan Front in Support of Palestine and Against Normalisation said in a statement that these protests were against the normalisation agreement with Israel. According to the statement, the protesters expressed their unconditional support for the Palestinian resistance. The protesters raised placards affirming support for Al Aqsa Mosque and their close association with it. The cities that witnessed protests included; Berkane, Oujda, Meknes, Casablanca, Khouribga, El Jadida, Beni-Mellal, Tangier, Errachidia, Agadir, Taza, Safi…