April 10th, 2019 | 0 commentsThe National Assembly’s legal and legislative committee yesterday passed a draft law calling on the government to grant Kuwaiti citizenship to up to 4,000 people during the current year. The draft law will now go to the interior and defense committee for approval, then it will be sent to the Assembly for voting. The bill gives the governm...
April 10th, 2019 | 0 commentsMP Safa Al-Hashem said yesterday that “importing” expatriates and employing them in administrative jobs in the government is one of the main causes for the high unemployment rate among Kuwaitis. The lawmaker claimed that an unwise recruitment policy by the government has led to a “horrifying” imbalance in the demographic structure in favo...
April 10th, 2019 | 0 commentsThe indices of Boursa Kuwait started Tuesday’s trading session with a mixed performance after the All-Share and Premier markets fell 0.25% and 0.47%, respectively, while the Main Market index inched up 0.33%. By 9:20 am Kuwait time, the banking sector was the worst performer with 0.47%, while the consumer goods sector topped risers with 1...
April 10th, 2019 | 0 commentsThe price of Kuwait’s crude oil increased by $1.44 to settle at $70.86 per barrel (pb) on Monday, its highest level in five months, compared to $69.24 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). Since the beginning of 2019, Kuwait’s crude oil jumped 35.8% pb, or $18.69, compared to $52.17 pb by th...
April 10th, 2019 | 0 commentsThe investment cost of Kuwait Petroleum Corporation’s (KPC) expansion projects and new refineries may exceed $50 billion, the state-owned firm’s deputy director of marketing said. KPC tends to diversify its oil products and invest in the petrochemicals sector, Jamal Alloughani told CNBC Arabia. Kuwait’s oil giant seeks to produce 15% of t...
April 10th, 2019 | 0 commentsBoursa Kuwait finished Tuesday's trading session on a mixed note, amid a bigger focus by investors on the Main Market index’s stocks. The All-Share and Premier markets shed 0.97% and 1.56%, respectively, while the Main Market index went up 0.54%. By the end of the mid-week session, the All-Share Market index tumbled due to seeing technica...
April 8th, 2019 | 0 commentsThe higher committee for tackling the demographic structure has reportedly recommended to the government to impose a five-year cap on the stay of expatriates in the country. The committee recommended to the council of ministers to issue a decision stipulating that expatriates who arrive in the country after the decision takes effect will...
April 8th, 2019 | 0 commentsDeputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah yesterday received Yemeni Foreign Minister Khaled Al-Yamani, currently paying an official visit to the country. Talks between the two sides addressed bilateral relations between the two brotherly countries in diverse realms, latest developments on the Yeme...
April 8th, 2019 | 0 commentsThe indices of Boursa Kuwait levelled up in Sunday’s early trading activities after the All-Share Market index rose 0.85%, followed by the Main and Premier markets with 0.36% and 1.04%, respectively. By 9:18 am Kuwait time, the banking sector led gainers after growing 1.2%. Gulf Insurance Group’s stock was the best performer after jumping...
April 8th, 2019 | 0 commentsThe indices of Boursa Kuwait closed Sunday’s session in the green, as the All-Share, Main, and Premier markets added, 1.12%, 0.44%, and 1.38%, respectively. The banking segment topped seven gainers with 1.63%, while the oil and gas segment led three decliners with 1.3%. Boursa Kuwait’s turnover shrank by 7.1% to KWD 42.78 million on Sunda...
