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Tuesday , November 20 2018

Business

Floating of tender – KOC to ‘address’ CAPT to review the decision

KUWAIT CITY, Aug 26: Informed sources disclosed that Kuwait Oil Company (KOC) will address the Central Agency for Public Tenders (CAPT) this week to review the decision taken before Eid Al- Adha, which dismissed the floating of tender for Jurassic Gas Stations 4 and 5 at northern Kuwait after KOC …

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Shelved Aramco ‘listing’ hits at heart of Saudi prince’s reforms

Doubts raised about commitment to new culture of openness DUBAI/RIYADH, Aug 26, (RTRS): Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to fi nance reforms to …

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MoE rejects request to set up Finnish school – Lack of buildings cited

KUWAIT CITY, Aug 26: An educational institution has asked permission from the Ministry of Education to establish a foreign school using the Finnish curriculum just like the British, American and German schools, reports Al-Rai daily. However, Undersecretary of the ministry Dr Haitham Al-Athari rejected the request due to lack of …

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Kuwait expects agreement on mechanism to monitor supply

Oil markets should ‘remain stable’ until end of the year: Al-Rashidiv KUWAIT CITY, Aug 25, (RTRS): OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude production before the end of the year, Kuwaiti Oil Minister Bakheet Al-Rashidi said. A committee set up …

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Kuwait’s current development plan tops previous years

Furnishing ministers’ offices costs KD 4 million KUWAIT CITY, Aug 25, (KUNA): Kuwait has seen better progress in terms of national development in the first quarter (Q1) of this year as opposed to the same period in the previous year, according to an official. The 2017-2018 term remains the best …

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KAC suffers some losses – EASA suspension main cause

KUWAIT CITY, Aug 25: Minister of Finance Dr Nayef Al-Hajraf revealed that the Kuwait Airways Corporation (KAC) sustained limited losses due to suspension of the maintenance process on planes which are governed by the European Aviation Safety Agency (EASA), reports Al-Qabas daily. In response to a parliamentary question sent by …

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Central Bank of Kuwait Al-Hashel among top 10 bank governors

‘Perfect storm of challenges’ NEW YORK, Aug 20, (KUNA): Governor of Central Bank of Kuwait Mohammad Al-Hashel was listed among the top 10 of Global Finance’s Central Banker Report Cards 2018. In a report published recently by Global Finance, Al- Hashel was rated (A) grade; first in Gulf region, fourth …

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Kuwait exhibitor launches rebrand with eye on Saudi launch, expansion

‘New brand embodies KNCC’s strategy of keeping pace with latest developments’ LOS ANGELES, Aug 20, (RTRS): The Kuwait National Cinema Company has launched new branding for its Cinescape exhibition circuit alongside the opening of a major new multiplex. The nine-screen Cinescape Al Kout Mall opened Monday ahead of the Islamic …

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Tradition of Eid clothes shopping breathes life into markets

Local markets witnessing an economic boom KUWAIT CITY, Aug 20: Eid clothing is an important part of the celebration of the annual Eid holidays for both children and adults as well as men and women. This is the reason behind the revitalization of many markets in the days before the …

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KUFPEC floats tender for VAT collection

KUWAIT CITY, Aug 19: Kuwait Foreign Petroleum Exploration Company (KUFPEC) will fl oat a tender for the collection for Value- Added Tax (VAT), reports Al-Nahar daily. The company has specified conditions for entering the tender – the companies that have applied for the tender must have a commercial license and …

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