Arab Times

KFH invites AUB due diligence

DUBAI, July 16, (RTRS): Kuwait Finance House (KFH) said on Monday it had invited Bahrain’s Ahli United Bank to begin a due diligence process for a potential merger, Kuwait’s biggest Islamic lender said on Monday. KFH also asked AUB to sign a non-disclosure agreement. If the merger goes ahead, it …

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KUWAIT DEFENSE, INTERIOR, GUARD DISCUSS COOPERATION

Thousands rally in fresh Iraq protests – Embassy affirms Kuwaitis in Iraq in good condition BASRA, Iraq, July 16, (Agencies): Protests in Iraq continued into their second week Monday following days of clashes that left eight people dead, with demonstrators rallying to put social problems in the spotlight. Months after …

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80% of Kuwaitis believe use of ‘wasta’ necessary to secure jobs

KUWAIT CITY, July 16: The International Monetary Fund (IMF) recently released a report on promoting growth and inclusiveness in the Middle East and North Africa, showing that about 80 percent of Kuwaitis believe the use of ‘wasta’ (influence) is necessary to secure jobs — the third highest after Lebanon and …

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Call for vigilance, caution on Iraqi border situation

‘Region unstable, eyes on leaders’ KUWAIT CITY, July 16: Chairperson of the parliamentary Interior and Defense Affairs Committee MP Askar Al-Enezi has requested monitoring of the latest developments in Iraq, especially areas in the southern part bordering Kuwait, reports Al-Anba daily. In a press statement, Al-Enezi called for vigilance and …

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Massive buildings that cost govt millions of dinar left in ‘disuse’

Warnings against wastage unheeded KUWAIT CITY, July 16: Amid warnings against wastage and the belt-tightening policy, several massive buildings that cost the government millions of dinars are deserted without internal or external activities. Those buildings are still waiting for employees and visitors to open their doors before they become dilapidated …

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PAM ‘rejects’ any contract with salary less than KD 75 – KD 40 salary for worker refuted

KUWAIT CITY, July 16: The post of former minister of Education Dr Ahmed Al-Mulaifion his Twitter account in which he said a laborer of a fuel station receives a monthly salary of KD 40 went viral on social media and attracted wide reactions from Twitter users. Several questions were raised …

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End practice of converting loans to cash, banks urged

KUWAIT CITY, July 16: Advertisements on converting loans to cash and assisting in banking transactions have been sweeping through social media lately, targeting citizens and expatriates who desire to obtain loans or reschedule debts. A reliable source said some managers of specific bank branches deal secretly with usurers to accomplish …

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‘Needs campaign to educate Kuwaiti travellers on laws of other nations’

KUWAIT CITY, July 16: In view of the large number of people travelling to other countries for the summer holidays, the concerned governmental bodies have launched a number of soft campaigns to educate the public on matters concerning them; but MP Mohammed Al-Dallaal believes that more should be done in …

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Cabinet assigns economic panel to implement deals signed with China

Probe demanded into suspicion of graft in tenders KUWAIT CITY, July 16, (KUNA): The Cabinet Monday assigned its Economic Committee to implement recent agreements signed with China without delay, while urging private sector to make use of positive opportunities of these deals. The Cabinet, chaired by Acting Prime Minister and …

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Syrian dead – Probe on

KUWAIT CITY, July 16: A Syrian expatriate was found dead inside a shop where he works in Farwaniya area, says Al-Seyassah. According to security sources, when the Operations Room of Ministry of Interior received information about the corpse of one of the shop employees, securitymen, paramedics and officers from the …

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