Wednesday , July 18 2018

Kuwait

‘Illegal fishing threatens bio-diversity, fish stocks’

New cleaning contracts on the anvil KUWAIT CITY, June 6, (KUNA): The illegal fishing had grave consequences on biological diversity and sustainability of fish stocks, the Kuwait Institute for Scientific Research (KISR) warned Tuesday. The greedy fishermen who do not abide by fishing laws and regulations were unfairly making gains …

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Is ‘diya’ (blood money) collection legal? – Call to issue ruling

KUWAIT CITY, June 6: What is the legality of the participation of societies in collection of “diya” (blood money)? The issue of raising funds for resolving disputes based on vengeance has returned to the forefront after field inspections teams found advertisements on streets and social media that call for collection …

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$26.5b average annual net profit of Kuwaiti sovereign fund in 3 yrs

‘KIA makes net profit of KD 24.07b by investing state reserves’ KUWAIT CITY, June 6: A document obtained by the Al-Anba newspaper shows the Kuwait Investment Authority (KIA) has made a net profit of 24.07 billion dinars ($79.5 billion) by investing state reserves in the form of sovereign funds assets …

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Minors of both genders can be employed at 15 – New directives for issuing ‘work permits’

KUWAIT CITY, June 5: Public Authority for Manpower (PAM) has affirmed the ban on employers from using national manpower on the basis of formality and registering them in order to fulfill the requirement of quota system without the employees having actual workstations. In addition, sources from the authority stressed that …

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‘5,000 job applications will be rejected for not having high school certificates’

Applicants rejecting jobs based on their qualification will be ‘frozen’ KUWAIT CITY, June 5: Member of the Replacement and Employment Crisis Committee of the National Assembly, MP Saleh Ashour said job applications of 5,000 Kuwaitis registered with the Civil Service Commission (CSC) will be rejected because they do not hold …

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Decree dates end to legislative term

KUWAIT CITY, June 5: The Cabinet, during its weekly meeting at Al-Seif Palace Monday, approved the decree on ending the current legislative term upon conclusion of the special session slated for June 28. The decree has been forwarded to His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah for final …

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‘Pakistan to benefit from Kuwait’s ban on import of Indian fruits’ due to Nipah virus in Kerala

Outbreak of Nipah virus in Kerala state tied to decision taken by MoCI KUWAIT CITY, June 5: Following the decision taken by Ministry of Commerce and Industry (MoCI) to ban the import of fruits and vegetables from India due to the outbreak of Nipah virus, Pakistan hopes that the import …

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Some local banks face difficulty in enforcing int’l criteria ‘IFRS 9’

‘Abiding by directives exposes banks to violating Sharia’ KUWAIT CITY, June 5: Some local banks are facing difficulty in enforcing the international criteria for financial reports “IFRS 9’ based on the suggested monitoring remedy for the first quarter, reports Al-Rai daily quoting informed sources. They stressed that the commitment of …

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5G to hit market soon

KUWAIT CITY, June 5: Smart phone users and the local telecommunications industry would soon reap the benefits of the fifth generation of mobile data wireless technology (5G), said a Kuwaiti official on Tuesday. The 5G Wireless Systems, with the ability to transmit 10 or more gigabytes per second in its initial …

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Ministry bans 15 real estate companies from exhibitions

KUWAIT CITY, June 5: The Ministry of Commerce and Industry has issued a decree banning for an indefinite period 15 real estate companies from participating in real estate exhibitions inside Kuwait. The ministry has also referred the files of these companies to the Money Laundering and Commercial Control department. The …

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