thursday, december 24, 2015 world bank approves $500...

BUSINESSTHURSDAY, DECEMBER 24, 2015

EXCHANGE RATES

Bahrain Exchange Company

Al-Muzaini Exchange Co.

Dollarco Exchange Co. Ltd

ASIAN COUNTRIESJapanese Yen 2.516Indian Rupees 4.602Pakistani Rupees 2.903Srilankan Rupees 2.123Nepali Rupees 2.881Singapore Dollar 217.428Hongkong Dollar 39.270Bangladesh Taka 3.869Philippine Peso 6.437Thai Baht 8.452

GCC COUNTRIESSaudi Riyal 81.217Qatari Riyal 83.661Omani Riyal 791.060Bahraini Dinar 808.820UAE Dirham 82.920

ARAB COUNTRIESEgyptian Pound - Cash 37.770Egyptian Pound - Transfer 38.942Yemen Riyal/for 1000 1.421Tunisian Dinar 150.693Jordanian Dinar 428.823Lebanese Lira/for 1000 2.029Syrian Lira 2.170Morocco Dirham 31.221

EUROPEAN & AMERICAN COUNTRIESUS Dollar Transfer 304.400Euro 333.840Sterling Pound 452.947Canadian dollar 219.545Turkish lira 103.855Swiss Franc 309.350Australian Dollar` 221.907US Dollar Buying 303.200

CURRENCY BUY SELLEurope

British Pound 0.444600 0.453600Czech Korune 0.004334 0.016334Danish Krone 0.040609 0.045609Euro 0.327187 0.335187Norwegian Krone 0.030902 0.036102Romanian Leu 0.087320 0.087320Slovakia 0.009099 0.019099Swedish Krona 0.032056 0.037056Swiss Franc 0.300830 0.311030Turkish Lira 0.098924 0.109224

AustralasiaAustralian Dollar 0.211757 0.223257New Zealand Dollar 0.200911 0.210411

AmericaCanadian Dollar 0.213144 0.221644US Dollars 0.300300 0.304800US Dollars Mint 0.300800 0.304800

AsiaBangladesh Taka 0.003448 0.004048Chinese Yuan 0.045440 0.048940Hong Kong Dollar 0.037174 0.039924Indian Rupee 0.004301 0.004691Indonesian Rupiah 0.000018 0.000024Japanese Yen 0.002432 0.002612Kenyan Shilling 0.003164 0.003164Korean Won 0.000250 0.000265Malaysian Ringgit 0.066958 0.072958Nepalese Rupee 0.002886 0.003056Pakistan Rupee 0.002701 0.002981Philippine Peso 0.006405 0.006685Sierra Leone 0.000067 0.000073Singapore Dollar 0.213542 0.219542South African Rand 0.014062 0.022562Sri Lankan Rupee 0.001766 0.002346Taiwan 0.009145 0.009325Thai Baht 0.008126 0.008676

ArabBahraini Dinar 0.800536 0.808536Egyptian Pound 0.034557 0.037683Iranian Riyal 0.000084 0.000086Iraqi Dinar 0.000201 0.000261Jordanian Dinar 0.425343 0.432843Kuwaiti Dinar 1.000000 1.000000Lebanese Pound 0.000153 0.000253Moroccan Dirhams 0.022124 0.046124Nigerian Naira 0.001259 0.001894Omani Riyal 0.784229 0.789909Qatar Riyal 0.082900 0.084113Saudi Riyal 0.080287 0.081237Syrian Pound 0.001290 0.001510Tunisian Dinar 0.147078 0.155078Turkish Lira 0.098924 0.109224UAE Dirhams 0.081896 0.083045Yemeni Riyal 0.001376 0.001456

UAE Exchange Centre WLL

CURRENCIES TELEX TRANSFER PER 1000Australian Dollar 211.78Canadian Dollar 222.01Swiss Franc 311.03Euro 335.60US Dollar 304.60Sterling Pound 465.02Japanese Yen 2.55Bangladesh Taka 3.866Indian Rupee 4.597Sri Lankan Rupee 2.124Nepali Rupee 2.872Pakistani Rupee 2.904UAE Dirhams 0.08289Bahraini Dinar 0.8095Egyptian Pound 0.03881Jordanian Dinar 0.4332Omani Riyal 0.7910Qatari Riyal 0.08398Saudi Riyal 0.08119

Rate for Transfer Selling RateUS Dollar 304.750Canadian Dollar 220.635Sterling Pound 455.500Euro 332.480Swiss Frank 303.225Bahrain Dinar 806.235UAE Dirhams 83.215Qatari Riyals 84.430

Saudi Riyals 81.945Jordanian Dinar 429.300Egyptian Pound 38.808Sri Lankan Rupees 2.126Indian Rupees 4.589Pakistani Rupees 2.909Bangladesh Taka 3.862Philippines Pesso 6.420Cyprus pound 580.455Japanese Yen 3.510Syrian Pound 2.610Nepalese Rupees 3.860Malaysian Ringgit 71.805Chinese Yuan Renminbi 47.375Thai Bhat 9.405Turkish Lira 104.170

GOLD20 Gram 220.06010 Gram 112.7305 Gram 57.050

MANILA: The World Bank approved a $500 mil-lion loan yesterday to help the Philippines dealwith natural disasters. It can access the new creditline following “a state of calamity” declared by thepresident, the World Bank said in a statement. Onaverage, more than 1,000 lives are lost every yearin the Philippines, with typhoons accounting forthe majority of deaths and damage.

The country is also highly exposed to earth-quakes and volcanic eruptions. “Financial shockscaused by natural disasters undermine economic

growth and poverty reduction,” said Philippinefinance secretary Cesar Purisima. “This is the envi-ronmental equivalent of the middle income trap.Governments need to be agile in mobilizingresources if we are to break free from disaster-traps that knock back the poorest and most vul-nerable,” he added.

Super Typhoon Haiyan struck the Philippinesin November 2013, one of the strongest everstorms to hit land, leaving more than 7,350 peo-ple dead or missing. Total damage and losses

reached 571.1 billion pesos ($12.9 billion), cut-ting economic growth by about 0.9 percent in2013, and another 0.3 percent in 2014, pushingabout 2.3 million people below the poverty lineas a result, the bank said. Typhoons Koppu andMelor, the two latest extreme weather eventsthat hit the Philippines this year, claimed nearly100 lives combined according to official counts.It is the second time the World Bank has giventhe country money to help deal with such catas-trophes.—AFP

World Bank approves $500

million loan to Philippines

KUWAIT: National Bank of Kuwait (NBK)announced the four lucky winners in AlJawhara weekly draws during themonth of December. The draws wereconducted under the supervision ofMinistry of Commerce Representatives.Ammar Thabet Al Muhanna,Abdulmohsen Al Taleb, Abdulaziz AlDlemei and Sayeed Thaher Al Shameriyeach won KD 5,000. The winnersexpressed their gratitude and thankedNBK for its great services and promo-tions. The upcoming winner of AlJawhara KWD 250,000 last quarterlydraw in 2015 will be announced live onMarina FM on Tuesday, 29th ofDecember, 2015.

NBK has re-launched Al Jawharaaccount recently by doubling customers’chances to win in the weekly, monthlyand quarterly draws when they do notwithdraw or transfer from theiraccounts. NBK customers have chances

to win KD 5,000 weekly, KD 125,000monthly and a grand prize of KD250,000 quarterly. Each KD 50 in a cus-tomer’s account entitles them to oneentry in the draw, thus more money inan account means more chances in eachdraw. The new feature introduced to alJawhara Account enables customers todouble their chances when maintainingtheir balance without withdrawing ortransfereing from Al Jawhara account.

Al Jawhara is the most popular prize-giving account in Kuwait. Al Jawharaaccount entitles account holders toenter the weekly, monthly and quarterlyAl Jawhara draws. All prizes are auto-matically credited to the winners’accounts the day after the draw. AlJawhara accounts are available for bothKuwaitis and expats and can be openedat any of NBK’s branches around Kuwait,or through NBK website for existing cus-tomers.

KUWAIT: Hyundai Motor’s Genesis and Tucson have been rec-ognized by the Insurance Institute for Highway Safety’s (IIHS)2016 Top Safety Pick+ awards. This prestigious awards bodyhelps consumers select vehicles that offer the highest level ofcrash protection by conducting extensive testing and award-ing those which are worthy.

Jin (James) Kim, Vice President and Head of Operations atHyundai Motor Company Africa and Middle East said: “Ourcompany’s emphasis on safety is once again highlighted astwo very different models, one an SUV and one a luxurysedan, are internationally recognized for their advanced safetytechnologies. The features which I think have helped us securethese awards are elements such as the autonomous emer-gency braking feature, lane departure warning with lane keepassist and the emergency brake assist offering.”

Adrian Lund, IIHS president commented on the rationalebehind the Hyundai recognition: “The Genesis is equippedwith Electronic Stability Control (ESC), nine airbags and ener-gy-absorbing front airbags, while the Tucson has AEB, helpingthese vehicles earn our top rating. Both earned a requiredgood rating in the small overlap front crash evaluation and asuperior-or advanced-rated front crash prevention systemwith automatic braking capabilities, a key criteria to qualify fora Top Safety Pick+ award.”

Hyundai Motor’s Genesis is equipped with many advancedsafety technology options, including ESC, Lane DepartureWarning System, Tire Pressure Monitoring System, Brake Assistand Electronic Brake Distribution, Lane Change Assist and arear-view camera. In addition, the vehicle includes SensorySurround Safety Technologies that help driver alertness andfocus on total occupant safety, and even the safety of otherdrivers nearby.

Multiple advanced safety technology options are also avail-able on Hyundai Motor’s Tucson, including AEB with pedestri-an detection, Lane Departure Warning System, Blind SpotDetection, Rear Cross-Traffic Alert, Lane Change Assist, BackupWarning Sensors and a standard rearview camera. In addition,advanced high-strength steel represents more than 50 per-cent of the vehicle’s structure, for enhanced crash safety. Thevehicle also features a standard Tire Pressure MonitoringSystem (TPMS) that alerts drivers if one or more tires areunder-inflated, and includes the tire’s location.

IIHS rates vehicles in a small overlap front crash, moderateoverlap front crash, side and roof strength, and head restrainttests, as well as a standard or optional front crash preventionsystem. Winners of the Top Safety Pick+ award must earngood ratings for occupant protection in all five of the evalua-tions. For the first time, a good rating in the small overlap frontcrash test is required to earn the award.

Hyundai Motor’s Genesis and Tucson

models earn renowned safety award

NBK announces four

Al Jawhara winners