Business

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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‘Kuwaiti Dinar most valuable currency in the world’

US dollar most circulated currency worldwide KUWAIT CITY, Dec 24: Recent report of the web application Listography indicates the American dollar is not the most valuable currency although widely circulated, reports Al-Anba daily. Report added the Kuwaiti Dinar is the most valuable currency worldwide while other Arab currencies also made …

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Oil companies back to basics

Majors eyeing Gulf region as ideal location to invest Independent Oil Analyst Now with the end or near end of shale oil revolution as shale oil seems to be reaching its peak and there is gradual reduction in the easy oil shares, traditional oil companies are starting to focus again …

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Bitcoin goes on a wild ride and it may only get crazier – Experts warn digital currency is about to burst

NEW YORK, Dec 23, (AP): What’s a bitcoin worth? Lately nobody knows for sure, but after a wild ride on Friday, it’s worth a good deal less than it was Thursday. After losses over the last few days, the digital currency fell as much as 30 percent overnight in Asia, …

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‘Kuwait weakest among Gulf countries in terms of economic performance’

‘Every adopted developmental plan a failure’ KUWAIT CITY, Dec 21: Economic expert Jassem Al-Sa’adoun indicated that Kuwait is the weakest among the Gulf countries in terms of economic performance due to lack of public management of its affairs, reports Al-Qabas daily. He explained that the rate of growth of Kuwait …

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