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FINANCE & ECONOMY

SMCA elects new office bearers

May 23, 2019

SMCA elects new office bearers

Syro Malabar Cultural Association (SMCA) organized their General Body Meeting at Royal auditorium, Mangaf on 10 May.

Thomas Kuruvilla Narithookil was elected as President, Biju Anto Pallikunnel as the General Secretary and Wilson Devassy Vadakkedath as the Treasurer for the year 2019-20. Other office bears are Sunil Joseph Rappuzha-Vice"... Continue Reading

KD 7,535 unlawfully spent on overtime pay

May 23, 2019

KD 7,535 unlawfully spent on overtime pay

KUWAIT: A recent State Audit Bureau report on the Public Authority for Food and Nutrition showed KD 7,535 had been unlawfully spent on overtime work for some employees. The report also showed that employees working overtime hours had not been using the fingerprint system as instructed by CSC, and instead manual check in and out lists had been used with inaccurate or altered information on them.

Energy"... Continue Reading

KUFPEC subsidiary signs new exploration deals in Pakistan

May 23, 2019

KUFPEC subsidiary signs new exploration deals in Pakistan

KUWAIT: Kuwait Foreign Petroleum Exploration Company’s (KUFPEC) Pakistan subsidiary Kirthar Pakistan BV (KPBV) yesterday signed petroleum exploration license and petroleum concession agreements for Makhad block in Pakistan, a press release said.

The"... Continue Reading

JLG's arrive in Kuwait

May 22, 2019

JLG's arrive in Kuwait

Kuwait-based Dayim Equipment Rental has taken delivery of 77 JLG boom lifts and electric scissors.

Dayim Equipment Rental was established in Kuwait in 2018 and is part of the Dayim group, which specialises in companies with high market growth potential through joint ventures, direct investment and partnerships. In turn, Dayim Equipment"... Continue Reading

Contracts of higher worth did not improve Kuwait’s ranking

May 22, 2019

Contracts of higher worth did not improve Kuwait’s ranking

Even though the value of contracts floated by Kuwait increased by $401 million to reach $720 million in April 2019, which was 125 percent higher compared to $319 million recorded in March, it has not helped Kuwait improve its ranking among the GCC countries, as it is in the fourth position, followed by Bahrain and Oman, which did not make any contracts in the month of April, reports Al-Anba daily.

... Continue Reading

‘1,035 projects funded at a cost of KD 177.1 million over 3 years’

May 22, 2019

‘1,035 projects funded at a cost of KD 177.1 million over 3 years’

KUWAIT CITY, May 21: The National Fund for Small and Medium Enterprise Development since 2016-2019 has funded 1,035 projects at a cost of KD 177.1 million, reports Al-Qabas daily.

The daily quoting Minister of Commerce and Industry, the Minister of State for Services Affairs Khaled Al- Roudhan said KD 177 million had been spent"... Continue Reading

Competition Protection Authority conducts study on number of market sectors

May 22, 2019

Competition Protection Authority conducts study on number of market sectors

KUWAIT CITY, May 21: Board Chairman of Competition Protection Authority Dr Rashed Al-Ajmi said the authority has conducted a study covering a number of market sectors to determine any action which harms competitiveness.

In a press statement, Al-Ajmi disclosed the study targeted many sectors including private education, private"... Continue Reading

Alghanim honored for nurturing a new generation of Mideast business leaders

May 22, 2019

Alghanim honored for nurturing a new generation of Mideast business leaders

UWAIT: Omar Kutayba Alghanim, Group CEO of Alghanim Industries, has been recognized by JA (Junior Achievement) Worldwide for his breakthrough efforts to foster creativity, critical thinking, and business skills among youth in the Middle East.

One of the world’s largest youth-serving non-profit organizations, JA Worldwide"... Continue Reading

MSCI to announce Kuwait's potential emerging markets upgrade decision in June

May 22, 2019

MSCI to announce Kuwait's potential emerging markets upgrade decision in June

Global index compiler MSCI will announce its decision on whether to upgrade Kuwait to its emerging market classification next month, a move that will attract capital flows to the country's equities market.

MSCI, whose Emerging Market Index is tracked by investors with trillions of dollars under management, has already included"... Continue Reading

Andersen Global Signs First Agreement in Bahrain

May 22, 2019

Andersen Global Signs First Agreement in Bahrain

Andersen Global today announced its first collaboration agreement in Bahrain with independent consulting firm Awael Al Bahrain Management Consultancy (Awael). Andersen Global is committed to building a strong and effective practice in the Middle East and the collaboration with Awael is the next step in this process.

Abbas Radhi"... Continue Reading

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