Saturday , September 22 2018


Over 500 financial reports provided – ‘Bank accounts of dual Kuwaiti-US citizens’

KUWAIT CITY, Dec 1: Ministry of Finance, earlier this week, provided the US Department of Treasury with more than 500 financial reports on the bank accounts of dual Kuwaiti- US citizens and companies, reports Al-Rai quoting informed sources. They revealed that this move is in line with the activation of …

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‘Mysterious’ kitchen language – Good-old Kuwait

KUWAIT CITY, Dec 1, (KUNA): Al-Barmeez, Al-Marrka, and Al- Baiz might sound like foreign words to many of the newer generations of Kuwaitis; however, these words were used to describe several kitchen utensils and tools back in the day. In their book “the old Kuwaiti house”, authors Mohammad Al-Khrs and …

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Bonus for officers, personnel working during polls

KUWAIT CITY, Dec 1: The Interior Ministry will offer financial benefits officers, individuals and affiliates who were on duty during the 2016 parliamentary elections to ensure its success, reports Al-Shahed daily. The daily added, the benefits will be deposited along with their salaries for the month of December 2016. Senior …

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KUWAIT CITY, Nov 30: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah convened Wednesday the traditional consultation dialogue to appoint the new prime minister, leading to the reappointment of HH Sheikh Jaber Al- Mubarak Al-Hamad Al-Sabah. HH the Amir then instructed the prime minister to form a new Cabinet …

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‘Airport entry ban must be for all, not just expatriates’ – ‘Restaurants revenues to dip’

KUWAIT CITY, Nov 30: In this week’s Arab Times online poll, readers weighed in on the recent measure to restrict expat visitors from entering the departure lounge of the Kuwait International Airport with the majority of respondents feeling that this rule should be applied to all equally. It was announced …

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Bankers question status of account secrecy for expats – ‘Treaty mirrors FATCA’

KUWAIT CITY, Nov 30: “Is Kuwait moving towards lifting the ‘banking secrecy’ of expatriates’ bank accounts?” — This question was raised by banks to the Central Bank of Kuwait during a recent meeting. However, they did not receive a transparent answer that could dispel the banking sector’s fear that such …

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Kuwait Airways statement – Minor incident in Mumbai

Today, at 05:31hrs local time in Mumbai, (00:01hrs UTC), Kuwait Airways Flight KU301, while on the ground at Mumbai’s Chhatrapati Shivaji International Airport, was involved in a minor incident. Kuwait Airways can confirm that no passengers were at risk; however, it is understood that the wingtip of an A320 aircraft …

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‘Audit’ issued 282 operational reports in last two years: KPC

KUWAIT CITY, Nov 30, (KUNA): The Kuwaiti oil sector’s central auditing bureau has issued 282 reports on operations of Kuwait Petroleum Corporation (KPC) and affiliated companies in the last two years, KPC CEO Nizar Al-Adsani said on Wednesday. In a speech to open a Gulf Cooperation Council (GCC) audit bureau …

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One-vote system, DNA law targets – Reforms a priority

KUWAIT CITY, Nov 29: MP-elect and opposition member Waleed Al- Tabtabaei has unveiled a plan to form a coordinative group consisting of 25 MPs, clarifying this will not be a separate bloc as it happened previously with the majority bloc. He affirmed there will be coordination between members of the …

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Finance Ministry shelves VAT – Policy will be applicable starting from early 2020

KUWAIT CITY, Nov 29: Ministry of Finance has postponed the implementation of value added tax (VAT) on consumable services to conduct further studies in that concern, especially as some members of the Economic Committee have voiced out the need to exempt some consumable items from the policy, reports Al-Shahed daily. …

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