Saturday , October 21 2017

Arab Times

Kuwait’s stocks dive to end week on sour note – Zain gains 3.38 pct; United Project Co dives

KUWAIT CITY, Oct 5: Kuwait stocks retreated sharply on Thursday to end the week on a sour note amid rising speculation. The price index declined 30.45 points in a lackluster trade to 6,662.11 points as the boards remained mixed. The KSX-15 benchmark rose 5.2 points to 1,028.73 points while the …

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Qatar has enough reserves to support banks – Central bank says reports of banking sector stress are false

DUBAI, Oct 4, (RTRS): Qatar’s government has enough reserves to support its banks in the face of sanctions imposed by other Arab states and reports of its banking system being under strain are false, its central bank governor said on Wednesday. “The government and the central bank are able to …

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Kuwait Energy sells 25% of shares in Egyptian oil field

KUWAIT CITY, Oct 4, (KUNA): Kuwait Energy announced Wednesday the official approval on its Farm-Out Agreement (FOA) for 25 percent of its shares in the Abu Sennan concession in Egypt to GlobalConnect Ltd (GlobalConnect). Kuwait Energy CEO Sara Akbar said, “We are very pleased to have the farm-out agreement finalized …

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Kuwait’s stocks rise as tech shares lead – Ooredoo dives 20 fils; Nafais soars

KUWAIT CITY, Oct 4: Kuwait stocks ticked higher on Wednesday as blue-chips continued to see buying following last week’s upgrade of Boursa Kuwait to secondary emerging market status. The main index climbed 27.74 pts to close at 6,692.56 pts. The KSX-15 index rose 2.22 pts to 1,023.53 pts. The weighted …

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Ford, Gosling go head to head in ‘Blade Runner 2049’ – ‘Hollywood is a state of mind’

LOS ANGELES, Oct 4, (AP): Harrison Ford has a running joke that he can’t remember Ryan Gosling’s name. “I was delighted for a chance to work with the kid. What’s his name?” Ford told The Associated Press earlier this year. He did it again recently on a talk show, this …

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Springsteen hits Broadway – Swift leads MTV Europe award nods

NEW YORK, Oct 4, (AFP): Eager to see her musical hero Bruce Springsteen in the intimate confines of a Broadway theater, Laura Effinger quickly registered online as a verified fan who would supposedly have dibs on seats. When tickets went on sale, the website told her she was on standby …

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Great Britain, the extremists’ utopia

BRITONS have long been known for their respect for human rights and civil liberties as well as their tolerant attitudes towards peoples of other creeds and cultures. Britain is a ‘live and let live’ nation where people rarely interfere in the business of others and hardly anyone blinks an eye …

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Violation of sanctity of the dead a punishable offence

One of the strange crimes committed against sanctity of the dead is digging their graves with the intention to steal whatever is kept with the body. The act is penalized as per Kuwaiti Criminal Code 1960 law numbers 110 and 219. There is no inconsistency or conflict between both laws …

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And a witness of their own folks testified

SHEIKH Ali Jaber Al-Ahmad Al-Sabah wrote and published an article in some newspapers to convey a message. The article expressed our deplorable situation under the current administration. It also envisaged part of the corrupt practices eating deep into the fabric of our current legislative institution and those of its predecessors. …

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‘Hajjaj’ in every secession project

IF THE 20th century is considered the era of Arab disappointments, starting with the ‘Sykes-Picot’ Agreement followed by the ‘Balfour Declaration’; then the 21st century is without a doubt the era of secession and separation of countries. This is true not only in the Arab world, but the entire globe …

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