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Business

ChartCo and KOTC sign contract to provide navigational services

New changes in top positions in oil sector KUWAIT CITY, Feb 4: Kuwait Oil Tanker Company (KOTC) has selected ChartCo for managing its navigational necessities, …

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CBK working on ‘draft law’ to appoint independent Shari’a Supervisory Board

Legitimate bodies contradict this view KUWAIT CITY, Feb 4: The Central Bank of Kuwait is currently working on a draft law which will allow it …

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Kuwait attracts investments

KUWAIT CITY, Feb: Assistant Director General for Business Development at Kuwait Direct Investment Promotion Authority (KDIPA) Mohammad Yacoub said that Kuwait attracted $800 million direct …

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KPC appoints new heads of ‘affiliated’ companies

New appointee heads to lead for 3 years Hashem Sayed Hashem KUWAIT CITY, Feb 4, (KUNA): The Kuwait Petroleum Corporation (KPC) appointed on Sunday the …

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48.7% decrease in Over the Counter Market

KUWAIT CITY, Feb 3: Kuwait’s Over the Counter Market (OTC) has witnessed a decrease last week by 48.7 percent compared to the previous week. The …

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PAM conducts study on decision of SME sector

KUWAIT CITY, Feb 3: Public Authority for Manpower has conducted a detailed study on the methods used to implement the decisions taken for regulating the …

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Awqaf Undersecretary granted right to sign contracts worth KD 3 million

KUWAIT CITY, Feb 3: Ministry of Awqaf Undersecretary Fareed Emadi has been granted several administrative and financial prerogatives and authorities by the Minister of Awqaf …

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State Audit Bureau eye on 3 tenders for Ministry of Social Affairs

KUWAIT CITY, Feb 3: The State Audit Bureau is currently studying three tenders for the Ministry of Social Affairs, one of which is for importing …

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Ministry of Finance exerting efforts to control ‘governmental expenditures’

KUWAIT CITY, Feb 3: The Ministry of Finance has been exerting tremendous efforts to control governmental expenditures, affirming that relevant studies are being conducted to …

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Privatization is another means to bridge deficit

Kamel Al-Harami Independent Oil Analyst In the last four years, Kuwait has been incurring deficit in its annual budget. The coming year, the government will …

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