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Wednesday , June 20 2018

Business

Kuwait export of non-oil products dropped by 20 pc in Nov: statistics

KUWAIT CITY, Dec 28: Recent statistics released by the Ministry of Commerce and Industry showed that Kuwait’s export of non-oil products dropped by 20 percent in November compared with the annual growth of the sector, reports Al-Rai daily . According to the report, the total exports reached KD 8 million …

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Kuwait MP urges Arabs to ‘modify’ investment laws to lure businesses

Iraq PM hails Kuwaiti decision to host donor conference CAIRO, Dec 27, (KUNA): A Kuwaiti lawmaker on Tuesday urged Arab states to modify investment laws to lure businesses and called for action to prevent terrorists from attaining financial resources. Khaled Al-Otaibi, a member of the National Assembly and the Arab …

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‘Shell Company to supply Kuwait with LNG for 15 years starting ’20’

PAI to probe, review salaries of its senior officials KUWAIT CITY, Dec 26: Deputy Director of International Marketing Department at Kuwait National Petroleum Corporation (KNPC) Sheikh Khalid Al-Sabah disclosed that KNPC has signed an agreement with Shell Company for supplying Kuwait with liquefied natural gas (LNG) for 15 years starting …

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Kuwait urges removal of ‘hurdles’ that hinder trade activity in GAFTA

Fatwa clarifies on news item CAIRO, Dec 26, (KUNA): It is imperative to eliminate any hurdles encumbering business in the Greater Arab Free Trade Area (GAFTA) “at this critical juncture,” said a Kuwaiti official on Tuesday. Heading Kuwait’s delegation to the 44th meeting of the Arab League’s Economic and Social …

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Kuwait University signs deal with PricewaterhouseCoopers

KUWAIT CITY, Dec 26: The Construction Program of Kuwait University has signed a contract with Pricewaterhouse- Coopers for the design, supervision and execution of the infrastructure project of the information and communication network in Sabah Al-Salem University City. The signing ceremony was held under the patronage and in the presence of …

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Kuwait, Saudi in agreement over economic ‘diversification’ plans

New Kuwait 2035 working group meets KUWAIT CITY, Dec 25, (KUNA): Kuwait’s First Deputy Premier and Defence Minister Sheikh Nasser Sabah Al-Ahmad Al-Sabah said that Kuwait and Saudi Arabia see eye-to-eye on each other’s economic diversification plans. Sheikh Nasser made the remarks at a ‘New Kuwait 2035’ working group meeting …

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Ministry of Finance expects deficit budget for 2017-’18 – Govt refuses to pay for ‘projects’

KUWAIT CITY, Dec 25: Ministry of Finance is expecting the deficit in the budget for 2017/2018 to reach 4.6 percent without deduction of ten percent for the future generations’ fund, reports Al-Rai daily. This estimation has taken into consideration the possibility for changes in the monthly revenues and the expenditures …

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‘Huge tourism, cultural future seen in Kuwait’ – Call for more investment

MADRID, Dec 25, (KUNA): Kuwait has huge cultural and tourism potential, said Secretary-General of the World Tourism Organization (UNWTO) Dr Taleb Rifai expressing optimism about the Gulf country’s eagerness to invest more in its tourism sector. The Kuwaiti government has recently shown growing interest in boosting tourism sector and even …

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KFH cooperates with UNHCR to aid Rohingya refugees

First bank to sign support and coordination agreements with UN Organizations in GCC r KUWAIT CITY, Dec 24: KFH Group CEO – Mazen Saad Al-Nahedh said that KFH is expanding its social role to include GCC, Arab and Global zones, adopting various projects and activities to serve all nations and …

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‘Virtual gold’ may glitter, but mining it can be really dirty

‘At current bitcoin prices things are looking good for miners’ PARIS, Dec 24, (AFP): As the poster child for the growing ranks of computer- generated currencies, bitcoin’s recent stratospheric price rises have propelled it from the chat forum-hosted depths of nerddom into the global consciousness. As it rose from under …

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