Saturday , September 22 2018

Business

KOC launches gas pipeline tender

KUWAIT CITY, Sept 10 : Kuwait Oil Company (KOC) has launched a huge tender for the construction of a gas pipeline from the northern part of the country to Mina Ahmadi Refinery, reports Al-Anba daily. Informed sources said 12 international contractors have been qualified to participate in the project and …

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Money supply dips 0.1% in July

KUWAIT CITY, Sept 10, (KUNA): The Central Bank of Kuwait (CBK) showed Monday that the broad money supply (M2) declined by 0.1 percent last July compared with last June, recording KD 38.3 billion (about $125 billion). The private sector’s deposits with local banks in Kuwaiti dinars dropped by 0.3 percent …

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Indian Business and Professional Council donates Rs 9,27,000 to Kerala CM’s Relief Fund

KUWAIT CITY, Sept 9: Indian Business and Professional Council (IBPC) donated Indian rupees 9,27,000 (nine lakhs twenty seven thousand) to Kerala Flood Relief Chief Minister’s Fund. IBPC has donated nine lakhs twenty seven thousand rupees (Rs 9,27,000) to Kerala Chief Ministers Relief Fund. E.P Jayarajan, Minister for Industries and Sports …

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Gold down for 5th consecutive month

Prices slip below $1,200 per ounce KUWAIT CITY, Sept 9, (KUNA): Global gold prices continued dropping for the fifth consecutive month below $1,200 per ounce, affected by the US dollar’s strong performance, said Sabaek Al-Kuwait for precious minerals company. In its weekly report released on Sunday, Sabaek said the US …

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Kuwait stocks kick off week with a downtick

NBK rallies 4 fils, Humansoft Holding slips KUWAIT CITY, Sept 9 : Kuwait stocks sagged Sunday after eking modest gains in the previous week. The All Shares Index dropped 10.87 points in sluggish trading to close at 5,138.55 points weighed by some of the mid-caps even as the overall sentiment …

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Kuwait-funded $65.5 million gas plant aims to boost Jordan’s energy security

AMMAN, Sept 8, (KUNA): A liquefied natural gas (LNG) port worth $ 65.5 million funded by Kuwait is among the most superlative projects the Gulf state has undertaken in Jordan, with the aim of providing Amman with diverse energy sources. As a testament to the camaraderie both nations have long …

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Plan to allow purchase of extra construction proportion

KUWAIT CITY, Sept 6: Director General of Kuwait Municipality Eng Ahmad Al-Manfouhi has unveiled the plan to allow once again the purchase of extra construction proportion in Kuwait City as it was done in the past, reports Al- Rai daily. In his statement to the daily, Al- Manfouhi affirmed that …

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Kuwait Industrial Authority wins accreditation from GAC

KUWAIT CITY, Sept 6, (KUNA): Kuwait Public Authority for Industry (PAI) announced Thursday its quality laboratories won accreditation certificate from GCC Accreditation Center (GAC). PAI said in press statement the certificate will enhance the ability of Kuwait’s local products to reach more GCC and global markets as part of the …

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Kuwait Airways Corporation dismisses Kuwait Aviation Services Co’s board

New members named KUWAIT CITY, Sept 6: The Board of Directors of Kuwait Airways Corporation (KAC) held a meeting during which it dissolved the board of directors of Kuwait Aviation Services Company (KASCO), reports Al-Anba daily quoting informed sources. They explained that the decision was taken after a number of …

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Kuwaitis rank 3rd in ‘halal’ tourism expenditures

KUWAIT CITY, Sept 5: A study issued by Dubai Chamber of Commerce and Industry revealed that Kuwaitis ranked third internationally after the Emiratis and Saudis in ‘halal’ tourism expenditures for the year 2017, reports Al-Qabas daily. The study was based on data from Mastercard and the World Travel and Tourism …

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