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FINANCE & ECONOMY

Kuwait to develop modern concepts in education

November 20, 2019

Kuwait to develop modern concepts in education

KUWAIT CITY, Nov. 19 (Xinhua) -- Kuwait is ready to support the modern concepts in education in a distinctive way, Jas­sim Ra­madan Al-Kan­dari, vice president for academic support services of Kuwait University (KU), said on Tuesday.

He made the remarks at the 16th meeting of the Secretariat of the Distance Learning"... Continue Reading

KD 300 annual fee to be imposed on violators of national employment quota

November 20, 2019

KD 300 annual fee to be imposed on violators of national employment quota

KUWAIT CITY, Nov 19: Public Authority for Manpower (PAM) affirmed readiness to fully implement Decision No.1868/2019 that determines the employment ratio for non-governmental agencies based on their employment rate and other economic activities under the “Kuwaitization” system, in coordination with the Ministry of Commerce, reports Al-Rai daily.

In"... Continue Reading

No recession, oil stable in 2020: Financial expert

November 20, 2019

No recession, oil stable in 2020: Financial expert

KUWAIT: The future of the global economy is a key concern on everyone’s mind these days. Investors and businesses across the region and the world are watching the slowdown, fearful of a recession. Kuwait Times spoke with Arnab Das, Global Market Strategist at Invesco, for insight on what to expect and how major economies and key commodities like oil can be expected to perform this coming year.

"... Continue Reading

IMF: Public sector reforms for better governance

November 20, 2019

IMF: Public sector reforms for better governance

KUWAIT: The IMF Middle East Center for Economics and Finance (CEP) in Kuwait, jointly with the Arab Fund for Economic and Social Development (AFESD), held a high-level symposium on “Public Sector Reforms for Better Governance” on Monday, November 18, 2019. The event was hosted at the AFESD’s Headquarters. The panel discussion was chaired and moderated by His Excellency Dr Yousef Al-Ebraheem,"... Continue Reading

Jordanian-Kuwaiti forum explores economic cooperation

November 19, 2019

Jordanian-Kuwaiti forum explores economic cooperation

Amman, Nov. 18 (Petra) -- The Jordanian-Kuwaiti businessmen forum on Monday discussed ways of developing economic and trade ties and investment opportunities between Jordan and Kuwait.

Several meetings were held as part of the forum, which was organized by the Jordanian chambers of commerce and industry in cooperation with the Kuwait Public Authority for Industry.

The meetings were"... Continue Reading

UAE approves new insolvency law for individuals

November 19, 2019

UAE approves new insolvency law for individuals

The UAE Cabinet has approved a federal law to regulate cases of insolvency of natural persons, creating favourable conditions for individuals facing financial difficulties and protecting those who are unable to pay their debts from going bankrupt.

The"... Continue Reading

Nearly 20 per cent of Japan households using e-money but cash still king

November 19, 2019

Nearly 20 per cent of Japan households using e-money but cash still king

TOKYO: Almost a fifth of Japanese households use electronic money for small purchases, a survey by a central bank-affilated research institute showed, up from a year ago and a sign the country’s cash-hoarding culture is changing.
In the survey published on Monday and conducted between June and July, 18.5 per cent of households said they use electronic money, such as smartphone apps and debit"... Continue Reading

Acwa consortium in financial close for $800m UAQ plant

November 19, 2019

Acwa consortium in financial close for $800m UAQ plant

Acwa Power, a leader in power generation and water desalination plants, said its consortium with MDC Power Holding Company, an entity fully-owned by Mubadala Investment Company, along with the Federal Electricity and Water Authority (Fewa), has achieved the financial closure for an independent water project (IWP) coming up in the emirate of Umm Al Quwain at an investment of $800 million.

The"... Continue Reading

Online renewal of driving licenses begins – Procedure to collect the driving license

November 19, 2019

Online renewal of driving licenses begins – Procedure to collect the driving license

KUWAIT CITY, Nov 18: The Ministry of Interior launched the service of renewing driving licenses using online service, through the Ministry’s website reports Al Qabas

The Traffic Department launched the service at the Avenues Mall in the presence of Assistant Undersecretary for Traffic Affairs and Operations Maj Gen Jamal"... Continue Reading

The Estée Lauder Companies to Acquire Dr. Jart+

November 19, 2019

The Estée Lauder Companies to Acquire Dr. Jart+

The Estée Lauder Companies Inc. (NYSE: EL) announced today that it has signed an agreement to acquire the shares that it does not already beneficially own in Have & Be Co. Ltd., the Seoul-based, global skin care company behind Dr. Jart+ and men’s grooming brand Do The Right Thing. Expected to close in December 2019, the acquisition follows the Company’s December 2015 minority investment"... Continue Reading

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