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 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 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...
September 16th, 2019 | 0 commentsBoursa Kuwait opened Sunday’s trading session on a negative note as the All-Share Market Index fell 0.95% and the Main and Premier markets went down by 0.37% and 1.16%, respectively. By 10:00 am Kuwait time, the telecommunication sector led the decliners, falling 1.84%, while the real estate sector was the sole riser, edging up by 0.1%. R...
September 16th, 2019 | 0 commentsHeavy Engineering Industries and Shipbuilding (HEISCO) announced that it has concluded a 62-month contract worth of KWD 4.018 with Kuwait National Petroleum Company (KNPC). The contract stipulates cleaning and removal works of coal residuals from multiple heaters using scrapers in KNPC’s refineries, HEISCO disclosed to Boursa Kuwait on Su...
September 16th, 2019 | 0 commentsBoursa Kuwait ended Sunday’s trading session down following terrorist attacks on Aramco’s oil plants on Saturday, 15 September. The All-Share Market index retreated by 0.35% at the level of 5,725.31 points by losing 20.29 points, while the Main and Premier markets’ indices levelled down by 0.26% and 0.60%, respectively. Meanwhile, Boursa...
September 16th, 2019 | 0 commentsThe National Industries Group Holding has received approval from Kuwait’s Capital Markets Authority (CMA) to issue debt securities in the form of bonds at a nominal value not exceeding KWD 30 million ($99 million). These bonds should carry a period not longer than five years starting from the issuance date. National industries Group is in...
