Kuwait

‘EQUATE achieves $739 million total profit in 2015 fiscal year’

KUWAIT CITY, Feb 12: EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, announced realizing a net profi t of $739 million for the fiscal year ending 31 Dec 2015, in comparison to $1.04 billion achieved in 2014. EQUATE President & CEO Mohammad Husain said, “EQUATE’s human capital exemplified …

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‘Development needs joint efforts by all State bodies’ – Economic situation exaggerated: MP

KUWAIT CITY, Feb 12, (Agencies): Achieving development in Kuwait is a joint responsibility and needs concerted efforts from all bodies, Minister of Social Affairs and Labor Hind Al-Sabeeh has stressed. Al-Sabeeh said some bodies delayed reply to letters sent by the Supreme Council for Planning and Development (SCPD) on some …

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MEW’s request for consultant rejected

KUWAIT CITY, Feb 12: Ministry of Finance has refused to employ an international consultant for preparing the tender of Nuwaiseeb Station Project, which is supposed to produce 3,000MW in the fi rst phase, reports Al-Rai daily quoting informed sources. They explained that Ministry of Electricity and Water had requested for …

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MP calls for curbs on Ethiopians after slayings

KUWAIT CITY, Feb 11: MP Sadoun Hammad Al- Otaibi has called on Deputy Prime Minister and Interior Minister Sheikh Mohammed Khalid Al-Sabah to quickly take stringent measures against Ethiopian employees in Kuwait — such as immediate deportation, suspension of their recruitment and non-renewal of their residence permits. He stressed these …

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Prices of commodities raised unduly, preceding subsidy cuts – ‘Consumers always at the receiving end’

KUWAIT CITY, Feb 11: In a manner depicting jumping the gun prior to the probable removal of fuel and electricity subsidies, prices of some food items have reached a height such that several consumers have been denouncing the ugly situation and expressing concern over the rise in prices of commodities …

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Shops rent reduced by 20 percent

KUWAIT CITY, Feb 11: Al-Enma’a Real Estate Company cancelled the auction that was supposed to take place before the end of this month after noticing the low turnout of prospective buyers; thereby, fearing that the auction will fail and lead to a remarkable decline in the prices of real estate …

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‘Kuwait to ink Eurofighter deal with Italy next week’

BRUSSELS, Feb 11, (KUNA): Kuwaiti Deputy Premier and Defense Minister Sheikh Khaled Jarrah Al-Sabah held talks with Italian Defense Minister Roberta Pinotti which tackled several issues including Kuwait’s purchase of Eurofighters. “Just earlier, I met my Italian colleague and she will visit Kuwait Inshallah next week to complete the signing …

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Kuwait ‘bans’ bird imports from India

KUWAIT CITY, Feb 11, (KUNA): The Public Authority for Agricultural Affairs and Fish Resources (PAAAFR) banned on Thursday imports of live birds, eggs and one-day-old chicks from India due to the outbreak of the pathogenic H5N1 bird flu. In a statement, the authority stressed the importance of subjecting all incoming …

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Interior orders stringent measures on terror threat

KUWAIT CITY, Feb 10: The Ministry of Interior has issued instructions to all security departments to take stringent measures in the face of threats issued by terrorist groups to carry out sabotage activities in the country, reports Al-Anba daily quoting knowledgeable sources. According to a circular said to have been …

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‘Kuwait facing very dangerous situation due to oil prices fall’ – State will one day borrow money for paying salaries

KUWAIT CITY, Feb 10: Former minister of Social Affairs and Labor and former state minister for Municipal Affairs Dr Fadhel Al-Safar says the current status of the country is very dangerous because of the falling oil prices, indicating that Kuwait may one day end up having to borrow money for …

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