Friday , October 19 2018


Kuwait bourse closes week with small gain

KFH adds 4 fils, Humansoft Holding dips By John Mathews Arab Times Staff KUWAIT CITY, Sept 13: Kuwait stocks headed north on Thursday to wind up the week on a positive note. The All Shares Index climbed 13.19 points in choppy session to 5,139.56 pts paced Kuwait National Cinema Co …

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Program being prepared for enhancing non-oil resources

Bid to increase no. of citizens in private sector KUWAIT CITY, Sept 13: Sustainable development program, which is being prepared by a number of government bodies, aims at enhancing non-oil revenues to almost KD 3 billion in the year 2019/2020 through a plan being executed by all state institutions, reports …

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PAHW planning to execute major projects

Real estate financing and homeowners association meet KUWAIT CITY, Sept 13: Deputy Director General for Planning and Designs at the Public Authority for Housing Welfare (PAHW) Engineer Nasser Khurabeit stated the sector is planning to implement several major projects in South Sabah Al-Ahmed City, South Sa’ad Al-Abdullah City and East …

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Finance Ministry to urge independent and govt agencies to control expenses

‘Ministry not an open treasury’ KUWAIT CITY, Sept 12: Ministry of Finance is considering informing a number of government and independent agencies about the need to avoid exceeding the amounts allocated to them in the budget, especially with current and future contracts, reports Aljarida daily. According to sources from the …

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Kuwait stocks retreat further; volume rises

Gulf Bank drops 13 fils; Ooredoo gains KUWAIT CITY, Sept 12: Kuwait stocks pulled lower on Wednesday as the market reopened after one-day break. The All Shares Index fell 10.04 pts in sluggish trade to 5126.37 points weighed by Kuwait National Cinema Co and some of the heavyweights even as …

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Mortgage law urgently required for real-estate sector: Alghanim

National Assembly approval needed KUWAIT CITY, Sept 12: Secretary of Real Estate Association Qais Alghanim says the mortgage law is urgently required for the real estate sector, stressed that the Kuwait Credit Bank will not be able to provide the required loans especially after the distribution of large number of …

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‘ 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 …

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Info minister affirms new studio vital pillar in upgrading info media system

‘Studio Salmiya’ located on an area of 600 square meters KUWAIT CITY, Sept 11, (KUNA): Minister of Information and State Minister for Youth Affairs Mohammad Al-Jabri affirmed that the new Salmiya studio is considered to be an important pillar in the development process and upgrade of the information media system …

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‘Laws should be amended to attract foreign investments’

Direct investments require an environment KUWAIT CITY, Sept 11: Businessman Abdul Salam Al-Awadhi urged for the amendment of the economy laws and legislation for attracting more foreign investments in Kuwait, reports Al-Nahar daily. He indicated that the hopes of several international companies, especially American companies, to enter the local market …

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KAPP to soon complete 5-year investment plan

KUWAIT CITY, Sept 10: Kuwait Authority for Partnership Projects (KAPP) has made final touches to its developmental projects for the next five years with investments estimated to be worth about KD 40 billion, reports Al-Nahar daily quoting informed sources. They explained that the number of such projects is about 60 …

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