Thursday , September 20 2018


‘Finance’ keen on strengthening commercial & economic growth

Al-Mawashi turns carcasses into eco-friendly compost KUWAIT CITY, July 17, (KUNA): Minister of Finance Nayef Al-Hajraf on Tuesday affirmed Kuwait’s keenness on strengthening its commercial and economic ties on a global scale. “Customs are an asset to enhancing the general budget of the country, and play a vital role in …

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Wataniya Airways concludes first year of re-operation

Airline achieves major breakthrough with 400K passengers KUWAIT CITY, July 16: Having resumed its flights back in July 11, 2017, Wataniya Airways celebrates today its one-year anniversary of re-operation. The revamped company and current curators achieved a major breakthrough during this year reaching nearly 400K passengers. On this occasion, Wataniya …

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KFH invites AUB due diligence

DUBAI, July 16, (RTRS): Kuwait Finance House (KFH) said on Monday it had invited Bahrain’s Ahli United Bank to begin a due diligence process for a potential merger, Kuwait’s biggest Islamic lender said on Monday. KFH also asked AUB to sign a non-disclosure agreement. If the merger goes ahead, it …

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OPEC only choice; the limit is reached

To bring the oil prices down to an acceptable “White House” level, which is less than $80 per barrel, the USA administration must ensure all oil-producing countries including OPEC member states continue to maintain the current input. This is prov i d e d Venezuela, Libya, Angola and Nigeria are …

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Company set with KD 20 mln capital

KUWAIT CITY, July 15: Kuwait Clearing Company and four other partners have established a closed shareholding company with the name “Kuwait International Settlement and Clearing Company”, reports Al-Rai daily. The authorized capital of the established company is set at KD 20 million distributed over 200 million shares. The company’s capital …

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KFAED signs $170 mln loan deal with Egypt

KUWAIT CITY, July 14: Kuwait Fund for Arab Economic Development (KFAED) on Thursday signed a KD 50 million ($170 million) loan for the Egyptian government, which will contribute to the construction of a sewage water treatment facility for several towns in the northeast. The plans will respond to the growing …

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KIB closing its $250 mln Murabaha

KUWAIT CITY, July 14: KIB held an exclusive ceremony to mark the occasion of the Bank’s successful closing of a $250 million 3-year syndicated Murabaha financing facility. This landmark financing was concluded with a consortium of international and local banks viz; Standard Chartered Bank, First Abu Dhabi Bank, National Bank …

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‘Korean companies can be worthy partners to achieve Kuwait 2035’

KOTRA, Embassy hold Seminar and Business meet with 11 companies KUWAIT CITY, July 12: The Korea Trade Investment Promotion Agency (KOTRA), the commercial section of the Embassy of The Republic of Korea held a Korea Electric Power Technology Seminar and Business meeting with Korea Electric Power Corporation and a delegation …

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Minister signs ‘T2’ contracts – ‘Kuwait airport’

KUWAIT CITY, July 12, (KUNA): Minister of Public Works and Minister of State for Municipal Affairs Hussam Al-Roumi signed a KD-18.585-million (about $ 59.4 million) contract related to the new passenger terminal (T2) at Kuwait International Airport. Al-Roumi said in a statement to KUNA that the first contract includes the …

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Economic reform in Kuwait takes inspiration from HH Amir: Speaker

BEIRUT, July 12, (KUNA): The economic and financial reforms in Kuwait takes inspirations from His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s ambitious plan based on cleverly utilizing vital resources and manpower, said Kuwaiti Speaker of the National Assembly Marzouq Al-Ghanim Thursday. Al-Ghanim’s statement was part of his speech …

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