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Sunday , September 22 2019

Business

Kuwait Port Authority posts $159m net profits for ’18-19

KUWAIT CITY, May 8, (KUNA): Kuwait Port Authority (KPA) reported Tuesday net profits of KD 48.4 million, equaling USD 159 million, for the fiscal year …

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Remittances delay in US dollars from Kuwait to Turkey results in big loss

KUWAIT CITY, May 7: US dollar remittances from Kuwait to Turkey have been delayed twice, reports Al- Rai daily quoting sources. Sources said a number …

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Incheon Co in co-op with KAC to offer best services

KUWAIT CITY, May 7: Incheon Company, which is operating T4 at Kuwait International Airport, will adopt many procedures in cooperation with Kuwait Airways Corporation (KAC) …

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KD 16,728,245 spent yearly on street lights

KUWAIT CITY, May 6: Minister of Electricity and Oil Dr Khalid Al-Fadhel disclosed that roughly KD 16,728,245 is spent annually to operate the street lights …

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CTC gives go ahead for two tenders

KUWAIT CITY, May 6: The Central Tenders Committee (CTC) has approved the request of Kuwait Petroleum Industries Company (KIPIC) to award the two tenders for …

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‘Health nod must for companies to take part in food exhibitions’

KUWAIT CITY, May 6: The Public Authority for Food and Nutrition has signed an agreement with the Exhibitions Department of the Kuwait International Fairground whereby …

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Meeting held to discuss role of banking sector

Bid to provide support, develop infrastructure in Kuwait Part of the meeting of the Parliamentary Committee on Finance and Economic Affairs. KUWAIT CITY, May 6: …

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‘Private sector projects benefit from 5m sq-mtrs of state land’

Some land contracts expired, others extended beyond 2030 KUWAIT CITY, May 5: The private sector projects built on state land, in accordance with Decree-Law No. …

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MoCI takes punitive measures against insurance companies

KUWAIT CITY, May 5: The Ministry of Commerce and Industry (MoCI) is moving to implement a new package of punitive measures in the insurance sector, …

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Bid to increase capital of Kuwait Credit Bank to 3.75 billion dinars

Legislative amendment required KUWAIT CITY, May 5: There is a move to increase the capital of Kuwait Credit Bank from about 750 million dinars to …

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