Wednesday , September 19 2018

Business

Kuwait opens first-ever airshow

KUWAIT CITY, Jan 17, (KUNA): Under the auspices of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Kuwait on Wednesday welcomed spectators from the Gulf region and beyond to its inaugural aviation spectacle. Addressing the opening ceremony of the “Kuwait Aviation Show 2018,” the chairman of the General Directorate …

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Ministry cuts down new budget by over hundred million dinars

KUWAIT CITY, Jan 17: With over 2,600 Public Authority of the Disabled employees no longer under the control of the Ministry of Social Affairs, the ministry has cut down its new budget on Chapter 1 (salaries and wages only) by over hundred million dinars, reports Al-Anba daily. The daily quoting …

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Kuwait’s exciting KD 123 mln Al Kout Mall nears completion – Wide-ranging lifestyle and entertainment destination vital addition for Kuwaiti tourism

KUWAIT CITY, Jan 16: Tamdeen Group, Kuwait’s leading property developer, announced that development of Al Kout Project, the largest waterfront retail and entertainment destination in the country, has entered its final stages. The company also asserted its commitment to finishing the project according to the highest international standards. Occupying a …

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Kuwait hails OPEC’s role for maintaining market

Deputy Prime Minister and Minister of State for Cabinet Affairs Anas Al-Saleh on Tuesday lauded the key role undertaken by the Organization of Petroleum Exporting Countries (OPEC) for achieving the crude market balance. The minister made the statement during a meeting with the visiting OPEC’s Secretary — General Mohammad Sanusi …

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No to Bitcoin – Fatwas issued against trading with Bitcoin

KUWAIT CITY, Jan 16: Following in the footsteps of Saudi Arabia, Egypt and Palestine, Kuwait joins the Arab countries which have issued fatwas against trading in the virtual currency Bitcoin, reports Al-Rai daily. A member of the Fatwa Committee in the Ministry of Awqaf and Islamic Affairs, Dr Ahmad Al-Hajji …

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‘Allowing expats to own real estate will reflect positively’

KUWAIT CITY, Jan 15: Chairman of Kuwait Real Estate Union Faisal Al-Sharhan says the instructions of the Central Bank of Kuwait to local banks to reduce the number of mortgage properties in the banking sector will raise the supply in the real estate market, reports Aljarida daily. He indicated that …

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Kuwait faces difficulties as Iraq rejects gas prices

Difference in gas prices, MoU to be discussed KUWAIT CITY, Jan 15: The agreement to supply Kuwait with Iraqi gas is facing difficulties after Iraq rejected the price offered by Kuwait for its gas which took into consideration the compensation owed to it due to the invasion, reports Aljarida daily …

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Dubai grants ‘Endowment Sign’ to Kuwait consultancy enterprise

Aim to revive as a development tool for communities DUBAI, Jan 15, (KUNA): A Kuwaiti consultancy enterprise has received the “Dubai Endowment Sign” from the Mohammed Bin Rashid Global Centre for Endowment Consultancy (MBRGCEC). CYLKA Social Responsibility and Public Relations is the first Kuwaiti enterprise to obtain such a privilege …

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Rater maintains stable Kuwait outlook

KUWAIT CITY, Jan 14, (Agencies): Kuwait got sovereign foreign currency ratings of AA/Stable/A-1+ in the Middle East and North Africa Sovereign Rating Trends 2018 published by S&P Global Ratings recently. The sovereign ratings are determined using six key factors in which countries are scored from 1 to 6 with ‘1’ …

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KFH main partner of KFAS ‘Innovation Challenge 2018’ event

Unique training opportunity to develop innovation capabilities: Mandani KUWAIT CITY, Jan 14: Kuwait Finance House (KFH) takes part in the annual “Innovation Challenge 2018” event organized by the Kuwait Foundation for the Advancement of Sciences (KFAS) in collaboration with the University of California, Los Angeles (UCLA). This prestigious event is …

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