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FINANCE & ECONOMY

Kuwait Ports Authority delegation on training mission in Belgium

January 18, 2018

A 12-member delegation from the Kuwait Ports Authority, led by its Director General, Sheikh Youssef Abdullah Sabah Al-Nasser Al-Sabah, is currently visiting Belgium on a training mission in port management at the port of Antwerp.
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The Kuwait Ports Authority is witnessing major projects as part of His Highness the Amir's vision to make Kuwait a financial and monetary"... Continue Reading

Kuwait's ALAFCO considers issuing Islamic bond - CEO

January 18, 2018

Kuwait’s Aviation Lease and Finance Company (ALAFCO) is considering issuing an Islamic bond, its chief executive said on Wednesday.

ALAFCO will seek a credit rating before approaching the market, Ahmad Abdullah Alzabin told Reuters at an air show in Kuwait.

The"... Continue Reading

Kuwaiti Min. seals KD 44 mln water tank deal

January 18, 2018

Kuwait's Minister of Water and Electricity Bkheet Al-Rashidi has signed a contract worth KD 44 million (USD 143 million) to build five water tanks in Al-Mutlaa area, as part of his ministry's efforts to boost water supply.
The deal entails the construction of a quintet of underground water tanks, read a statement by the Kuwaiti Ministry of Electricity and Water... Continue Reading

Ministry cuts down new budget by over hundred million dinars

January 18, 2018

With over 2,600 Public Authority of the Disabled employees no longer under the control of the Ministry of Social Affairs, the ministry has cut down its new budget on Chapter 1 (salaries and wages only) by over hundred million dinars, reports Al-Anba daily.

The daily quoting a source noted the ministry has communicated the information"... Continue Reading

Kuwait’s exciting KD 123 mln Al Kout Mall nears completion – Wide-ranging lifestyle and entertainment destination vital addition for Kuwaiti tourism

January 18, 2018

Tamdeen Group, Kuwait’s leading property developer, announced that development of Al Kout Project, the largest waterfront retail and entertainment destination in the country, has entered its final stages. The company also asserted its commitment to finishing the project according to the highest international standards.

Occupying"... Continue Reading

Kuwait hails OPEC’s role for maintaining market

January 18, 2018

Deputy Prime Minister and Minister of State for Cabinet Affairs Anas Al-Saleh on Tuesday lauded the key role undertaken by the Organization of Petroleum Exporting Countries (OPEC) for achieving the crude market balance.

The minister made the statement during a meeting with the visiting OPEC’s Secretary — General Mohammad"... Continue Reading

Testing of food items in Kuwait ‘takes’ 20 days – Oman and UAE takes 3 days

January 18, 2018

A number of companies that import and produce food items are requesting for the export of their products and for redirecting the imported food items that arrive in Kuwait to the markets of neighboring countries due to the delay in testing samples which result in the companies bearing huge losses, reports Al-Qabas daily.

According"... Continue Reading

70 pct of state budget being spent for paying salaries’

January 18, 2018

Assistant Secretary General of Kuwait Anti-Corruption Authority (KANCOR) Salem Ali Al-Ali says the rate of submission of financial disclosure statements exceeded 98 percent out of the total 10,600 officials who were required to submit their financial statements in accordance with the law, reports Al-Anba daily.

On the sidelines"... Continue Reading

GCC needs US$131 billion in power investment over next five years

January 18, 2018

A new report from Middle East Electricity, MEE, states the GCC requires a combined US$131 billion worth of investment in electricity generation, transmission and distribution over the next five years to cope with increasing demand from growing populations, expanding economies and climatic changes.

The report, ‘GCC Power Market’,"... Continue Reading

Global Institutional Investors Brace for Market Risks and Pursue an Active Approach in 2018 – BlackRock Study

January 18, 2018

Global Institutional Investors Brace for Market Risks and Pursue an Active Approach in 2018 – BlackRock Study

(AETOS Wire) -- Faced with low interest rates and relatively high valuations for risk assets, large global institutional investors are looking to protect themselves against downturn risks through maintaining their cash levels and selectively increasing allocations to active strategies, according"... Continue Reading

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