June 11th, 2019 | 0 commentsHis Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah has instructed the Public Institution for Social Security (PIFSS) to continue looking into all works done during its former director-general’s term of office. His Highness the Prime Minister has also ordered that all violations in this regard be taken to the Public...
June 11th, 2019 | 0 commentsThe All-Share Market index went up 0.75% or 43.74 points to close Monday’s session at 5,880.94 points. Similarly, the Premier Market index gained 1.05% or 66.89 points to reach 6,438.89 points, while the Main Market retreated 0.09%. Boursa Kuwait’s turnover increased by 55.5% to KWD 68.57 million, the highest level in three months, in lin...
June 11th, 2019 | 0 commentsKuwait has supplied Saudi Arabia with 172 megawatts (MW) of electricity due to a power failure in the Kingdom’s electricity grid. The power supply to the oil-rich kingdom took around eight minutes, according to Al Watan newspaper. Kuwait transferred power to its GCC neighbour through Al Zour North Power Plant. The electricity supply is pa...
June 11th, 2019 | 0 commentsThe All-Share Market index of Boursa Kuwait started Monday’s trading session 0.51% higher. Similarly, both the Main and Premier markets added 0.16% and 0.67%, respectively. By 9:20 am Kuwait time, the banking segment topped the gainers with 0.87%, while the insurance sector led the decliners with 0.89%. Abyaar Real Estate was the top winn...
June 11th, 2019 | 0 commentsOsoul Investment Company has said that its 99% subsidiary, Osoul House Real Estate, signed a contract to sell two properties in Salmiya region with a combined value of KWD 3.5 million. The buyer paid KWD 350,000 as a down payment to Osoul House, according to a statement to Boursa Kuwait on Monday. The deal will be completed after finishin...
June 11th, 2019 | 0 commentsFinancial markets underwent a pressure through May amid unfavourable global trade conditions, and worries over the consequent impact on growth, the National Bank of Kuwait (NBK) said on Monday. Major stock indices dropped around 7% worldwide during the month, while benchmark bond yields dived sharply, NBK said in its Economic Update repor...
June 11th, 2019 | 0 commentsThe Central Bank of Kuwait (CBK) has issued bonds and related tawarruq worth KWD 280 million ($924.3 million), with a 3.125% yield. The issue has a six-month maturity period, according to the CBK’s statement. It is noteworthy that bonds and related tawarruq offered by the CBK aim at regulating liquidity to withdraw surplus in the local ma...
May 28th, 2019 | 0 commentsThe Kuwaiti Cabinet yesterday stressed the importance of the coming conference of the Organization of Islamic Cooperation (OIC) due in Makkah in the Kingdom of Saudi Arabia on May 31. The OIC gathering will be an opportunity for the conferees to share views on an array of issues that concern the Muslim world, the Cabinet said in a stateme...
May 28th, 2019 | 0 commentsHealth Minister Sheikh Dr Basel Al-Sabah said the Ministry of Health (MoH) is working on making medical centers examine expatriate workers – namely Africans and Asians – in their respective countries, especially after detecting 1,271 cases of infectious diseases from seven of those countries after laborers arriving in 2017-2018 were re-ex...
May 28th, 2019 | 0 commentsHis Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah yesterday underlined that the delicate situation in the region requires cautiousness and social unity to retain the state’s security and people’s safety.” The bitter reality of the region, its dangerous dimensions and consequences, and the developments taking place in the regio...
