Wednesday , September 19 2018

Business

Zain’s internal e-platform, Zainiac, selects three initiatives

To remain innovative and competitive, we need to generate ideas: Bader Al Kharafi KUWAIT CITY, Sept 15: Zain Group, the leading mobile telecom innovator in eight markets across the Middle East and Africa, is pleased to announce it is offering full financial and strategic support to three startup initiatives, which …

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SAB to issue new irregularities report related to public funds

KUWAIT CITY, Sept 15: The State Audit Bureau (SAB) will soon issue a new report on the irregularities related to public funds in various government agencies, reports Aljarida daily quoting informed sources. Sources said these irregularities should be avoided in the next financial year or the agencies should provide proof …

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KD 250K budget OK’d – T4 set to handle Kuwait Airways flights to GCC

KUWAIT CITY, Sept 15: Kuwait Airways flights to other GCC countries will be through Terminal Four (T4) at the Kuwait International Airport starting from Sept 20, as part of the gradual opening according to the schedule of flights at the Directorate General of Civil Aviation (DGCA) and the airport, reports …

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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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