September 18th, 2019 | 0 commentsMP Safa Al-Hashem said yesterday that she received a threat to her life after calling on the government to impose charges on expatriates for everything they do, including taxing the air they breathe in the country. The lawmaker told the electronic edition of Al-Rai newspaper that it was the second time she received death threats – the fir...
September 18th, 2019 | 0 commentsKuwait’s Deputy Prime Minister, Foreign Minister and Acting Defense Minister Sheikh Sabah Khalid Al-Hamad Al-Sabah received yesterday in the presence of Deputy Foreign Minister Ambassador Khaled Al-Jarallah a number of ranking officers of the Kuwaiti armed forces headed by Army Chief of Staff Lt Gen Mohammed Al-Khodr and Deputy Chief of S...
September 18th, 2019 | 0 commentsThe Central Bank of Kuwait (CBK) has sold bonds and related tawarruq valued at KWD 290 million ($957.10 million). The three-month issue, which will mature on 17 December, was oversubscribed by 9.35 times, receiving a demand of KWD 2.71 billion, according to a statement released on Tuesday. The CBK’s latest bond issue was on 6 August at a...
September 18th, 2019 | 0 commentsKuwait's low-cost airline Jazeera Airways has announced an on-time performance of 85% during August 2019, with an aircraft utilisation rate of 14.38 hours. Last month, the airline received more than 263,800 passengers in 1,918 flights, according to a statement released on Tuesday. “A high on-time performance is easily reached when an airl...
September 18th, 2019 | 0 commentsKAMCO Investment Company announced that its shareholders have assented all matters pertaining to the draft merger contract with Global Investment House, according to a press release on Tuesday. The decision was approved during KAMCO’s extraordinary general meeting (EGM) and was subject to the approval of Kuwait’s Capital Markets Authority...
September 18th, 2019 | 0 commentsKuwait’s budget surplus shrank 90.49% year-on-year to reach KWD 247.65 million during the first five months of the fiscal year 2019/2020, after deducting future generations’ reserve. The GCC nation allocated KWD 735.89 billion to the future generations’ reserve in the five-month period ended 31 August, according to a report released on Tu...
September 18th, 2019 | 0 commentsKuwaiti oil revenue decreased by 16.09% year-on-year during the first five months of the fiscal year 2019/2020, according to a report released on Tuesday by the Ministry of Finance. From April until the end of August, the GCC country’s oil revenue reached KWD 6.78 billion ($22.37 billion), compared to KWD 8.08 billion ($26.65 billion) in...
September 16th, 2019 | 0 commentsKuwait is investigating the sighting of a drone over its territory and is coordinating with Saudi Arabia and other countries after Saturday’s attacks on Saudi oil plants, the Cabinet said yesterday. “The security leadership has started the necessary investigations over the sighting of a drone over the coastline of Kuwait City and what mea...
September 16th, 2019 | 0 commentsIndia’s Minister of State for External Affairs and Parliamentary Affairs V Muraleedharan called on Deputy Foreign Minister Khaled Al-Jarallah yesterday. The minister discussed bilateral issues and other regional issues of mutual interest. The meeting was attended by Assistant Foreign Minister for Asia Affairs Ambassador Ali Al-Saeed, Depu...
September 16th, 2019 | 0 commentsSocial media activists yesterday criticized MP Safa Al-Hashem for repeating calls that expatriates must pay for the “air they breathe” and for walking on roads. Activists went to Twitter to describe the Kuwaiti lawmaker as “racist” and “very arrogant”, but some activists defended her views as a solution to resolve the demographic problem...
