October 15th, 2018 | 0 commentsuwaiti National Assembly Speaker Marzouq Ali Al-Ghanem announced the agreement to merge the Kuwaiti and Jordanian proposals related to the deficit in the budget of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA). Ghanem made his remarks after his participation in the coordination meetings of the Arab and Islamic...
October 15th, 2018 | 0 commentsHis Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received yesterday at Seif Palace Minister of Amiri Diwan Affairs Sheikh Ali Al-Jarrah Al-Sabah and Director of Financial and Administrative Affairs at the Amiri Diwan Abdulaziz Ishaq. The reception came after Sheikh Abdullah Al-Salem Cultural Center (ASCC) won the Internationa...
October 15th, 2018 | 0 commentsKuwait Municipality said it will continue its field campaign to confront companies who use state property by fencing lots without a license or do not comply with regulations. Director of the Safety Department in Mubarak Al-Kabeer Maisa Bushehri said that 25 citations were issued in the past five months with total fines of KD 712,488. Viol...
October 15th, 2018 | 0 commentsMinister of Social Affairs and Labor Hind Al-Sabeeh said that transferring the domestic helpers’ department from the interior ministry to the manpower authority will improve combating abuses against maids. In a response to a parliamentary question, the minister said the decision allows placing all forms of workers under the authority, whi...
October 15th, 2018 | 0 commentsWork is progressing at a steady pace on the 22-km-long Seventh Ring Road in Kuwait with nearly 37 per cent of the project already completed, said a report. The key development, being executed by Public Authority for Roads and Transport (PART), comes as part of its country-wide road network development and upgradation project, reported Kuw...
October 15th, 2018 | 0 commentsThe Kuwaiti telecom company Zain intends to launch its first services and applications of the 5G internet by the end of 2018 in case all frequencies allocated for this service are completed, the CEO of Zain Kuwait Iman Al Rawdan told CNBC Arabia on Sunday. Zain Kuwait is expected to have a full coverage of the 5G internet service across K...
October 15th, 2018 | 0 commentsThe debt receivables to the Kuwaiti government enlarged by 4.1% or KWD 54.5 million from April to September 2018 when compared to the debt volume in early April 2018. Debt receivables increased to KWD 1.39 billion in the first six months of Kuwait’s fiscal year 20108/2019 when compared to KWD 1.34 billion at the beginning of April 2018, a...
October 15th, 2018 | 0 commentsThe stock of Kuwait Projects Holding (KIPCO) registered its lowest level in ten years during the trading session of Sunday. By 12 pm Kuwait time, KIPCO went down 2.9% or 6 fils to reach 204 fils. Going down 1.17%, the financial services segment was impacted by the decline of KIPCO to be the fourth decliner. KIPCO registered 979,000 shares...
October 15th, 2018 | 0 commentsAl Masaken International Real Estate Development has signed a financing agreement, murabaha, with Boubyan bank at a value of KWD 5.28 million ($17.5 million). The financial impact of this murabaha contract cannot be determined in the current time, Al Masaken said in a bourse disclosure on Sunday. Last week, Al Masaken announced signing a...
October 15th, 2018 | 0 commentsBurgan Bank announced that the subscription for increasing its capital resulted in a growth of KWD 62.55 million in the shareholders’ equity rights. This increase in the equity rights represents additional financing to the bank as well as boosting its regulatory capital adequacy ratio (CAR), according to a bourse disclosure on Sunday. Bur...
