Sunday , October 22 2017

Kuwait

MINISTER WARNS ON FOOD PRICING AHEAD OF RAMADAN – MP proposes exchange for SMEs

KUWAIT CITY, March 18: MP Mohamed Al-Huwailah has submitted a proposal to form a special stock exchange for small and medium-sized enterprises SMEs. These high-quality SMEs, he said, play a key role in furthering the economy and absorbing huge chunks of human resources to trim unemployment and diversifying the sources of …

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‘Consider employee rights before any steps taken for privatization’

KUWAIT CITY, March 18: Former minister and MP Yaqoub Al-Sane’a stated the economic reform document entails privatization of some sectors, which he sees as a grave error. He made the disclosure at a symposium held in his diwaniya discussing a number of issues and noted Kuwaiti laws guarantee the protection …

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‘Kuwait Int’l Airport removed from the list of best airports in the world’

KUWAIT CITY, March 18: Kuwait International Airport has been removed from the list of the best airports in the world, which was released by the British Research Company Skytrax. Kuwait International Airport is also not in the world or Arab ranks. According to the list, Hamad International Airport is ranked …

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Nine of Kuwait’s highest quality projects win national honours

KUWAIT CITY, March 18: Nine of Kuwait’s highest quality projects have won national honours in the 2017 MEED Quality Awards for Projects. The combined value of Kuwait’s winning projects is estimated at $1.7bn. Now in its seventh year, MEED Quality Awards for Projects programme has become the leading stamp of …

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Kuwait in race for UK extradition treaty – Kuwaitis sought

KUWAIT CITY, March 18: Minister of Justice and Minister of State for National Assembly Affairs Faleh Al-Azab said the government of Kuwait is racing against time to sign the extradition treaty with the United Kingdom, reports Al-Rai daily. The minister said the agreement is expected to be discussed by the …

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Increase in interest ends era of ‘knock-down’ loans – Banks shrug off market status

KUWAIT CITY, March 18: Subsequent to the decision of Kuwait Central Bank to raise the deduction rate of Kuwaiti dinars by a quarter percent to 2.75 percent, the era of cheap loan has ended, especially as the US Federal Indices show a double raise in the rate of loan interest …

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MP targets expatriate remittances in queries – Monitoring … tax

KUWAIT CITY, March 16: MP Khalil Al-Saleh disclosed the remittances of the expatriates over a five-year period from 2010 to 2014 have reached 2.19 billion dinars apart from the unofficial remittances and wants to know if the authorities have any intention of imposing tax on money transfers. He said the …

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‘Visa peddlers responsible for disorder in population’ – Expats come, work and leave: MP

KUWAIT CITY, March 16: Kuwait Urban Observers held a seminar titled “The demographic disorder … consequences and solutions” for discussing ways to solve the population imbalance issue. It began with the MP Abdulkareem Al-Kandari saying, “We do not want to talk about the demographic issue from a racist perspective. We …

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MoE said to be exposed to imminent crisis at start of ’17/’18 academic yr

KUWAIT CITY, March 16: Informed educational sources disclosed that the ministry is exposed to imminent crisis at the beginning of academic year 2017/2018 having to do with inadequate number of teachers in their various specialties for the schools in remote areas such as Sabah Al-Ahmed and Jaber Al-Ahmed cities. The …

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Heritage souk traders stage strike against hike in rents

KUWAIT CITY, March 16: Owners of stalls and businesses in Souk Mubarakiya at Kuwait City held a six-hour strike from the early hours of Thursday, March 16 to protest against the rent increase of up to 500 percent in some cases. The strike was held after the investment company in …

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