October 18th, 2018 | 0 commentsKuwait has stressed that each country has full sovereign right to control and exploit its natural resources in accordance with the Charter and the principles of international law as a key factor if they are to be used for long-term economic growth and sustainable development. This came in a speech at the UN Security Council session on the...
October 18th, 2018 | 0 commentsHis Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received yesterday at Bayan palace His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah. His Highness the Amir also received Deputy Prime Minister and Minister of Foreign Affairs Shei...
October 18th, 2018 | 0 commentsBurgan Bank announced that subscribing for the shares to increase its capital has been closed on Wednesday, 10 October. The bank said that the rights issue has been fully subscribed, according to a bourse disclosure on Wednesday. The financial impact of Burgan Bank’s rights issue will be a capital hike in addition to endorsing the regulat...
October 18th, 2018 | 0 commentsKuwait Finance House (KFH) is planning to finance megaprojects, mainly in the oil sector, in 2019, the CEO of the bank Mazin Saad Al Nahedh told Al Arabiya. The financial status of the banking sector is going on the right track with a flow in liquidity, Al Nahedh added. The megaprojects are expected to enhance the banking sector with tran...
October 18th, 2018 | 0 commentsKuwait’s oil exports to China reached 300,000 barrels per day (bpd) over the previous years, Li Diano, deputy chairman and general manager of China Petrochemical Corporation (Sinopec Group), said. The new cooperation fields between the GCC nation and China are a positive sign for raising crude oil to Beijing in the next years, Diano added...
October 18th, 2018 | 0 commentsKuwait’s holdings of the US Treasury bonds increased by 22.5% year-on-year in August. The Gulf country’s holdings of the US debt instruments grew to $43.6 billion in August when compared to $35.6 billion in the same month a year earlier, according to the US Department of the Treasury’s data. On a monthly basis, Kuwait’s holdings of the US...
October 18th, 2018 | 0 commentsThe indices of Boursa Kuwait saw a positive performance in Wednesday’s early trades, boosted by a massive growth of all sectors. By 9:25 am Kuwait time, the All-Share Market index, the Main Market index, and the Premier Market index levelled up 0.34%, 0.16%, and 0.44%, respectively. The financial services sector led risers with 1.6%, foll...
October 18th, 2018 | 0 commentsThe indices of Boursa Kuwait closed Wednesday’s trading session with an increase, as the All-Share, Premier, and Main markets added 0.27%, 0.17%, and 0.48%, respectively. The All-Share Market has rebounded above the support level 5,000 points; the index should remain above this level on Thursday to achieve higher technical targets at the...
October 17th, 2018 | 0 commentsMP Mohammad Al-Dallal strongly criticized the interference of some foreign embassies into the affairs of domestic helpers in the country, “which usually result in complicating their problems”. He said some embassies are demanding a salary certificate from people seeking to recruit maids and that the Philippine Embassy for example has dema...
October 17th, 2018 | 0 commentsIn a rare question, pro-government MP Ahmad Al-Fadhl yesterday asked the interior minister about the type of citizenship granted to opposition MP Mohammad Hayef and his father. The two lawmakers recently exchanged harsh accusations around a proposed law to grant immunity to two opposition MPs who were handed jail terms for storming the Na...
