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FINANCE & ECONOMY

Silk City part of Vision ’35 aimed at building a prosperous future

September 16, 2019

Silk City part of Vision ’35 aimed at building a prosperous future

KUWAIT CITY, Sept 15: The Silk City project in all its components comes within the framework of the Vision 2035 of His Highness the Amir aimed at building a prosperous economic future foremost for Kuwaitis and the Arabs in general, reports Al-Anba daily.

The sources pointed out that the determination for dependence of the Mubarak"... Continue Reading

Kuwait slaps ban on Somalian coal due to terror financing

September 16, 2019

Kuwait slaps ban on Somalian coal due to terror financing

KUWAIT CITY, Sep 15: The Ministry of Commerce and Industry has brought to the attention of the concerned officials in the ministry to tighten control over the markets and ban the import of Somali coal fearing the money earned from coal export may be indirectly used in financing terrorist activities, reports Al-Rai daily quoting ministry sources.

Based"... Continue Reading

PAI lays down plans to develop process of recycling solid, liquid industrial waste

September 16, 2019

PAI lays down plans to develop process of recycling solid, liquid industrial waste

KUWAIT CITY, Sept 15: Minister of Commerce and Industry and State Minister for State Services Khalid Al-Roudhan said the Public Authority for Industry (PAI) has laid down many plans to develop the process of recycling solid and liquid industrial waste materials, in addition to putting two treatment plants up for bidding, reports Al-Anba daily.

In"... Continue Reading

Jefferies to Hold Global Relief Day in Support of Hurricane Relief in the Bahamas Today, September 16

September 16, 2019

Jefferies to Hold Global Relief Day in Support of Hurricane Relief in the Bahamas Today, September 16

Jefferies announced that today is the firm’s global trading day for Hurricane Dorian relief efforts in the Bahamas. Jefferies will offer investors around the world the opportunity to join efforts to assist those affected by the devastation of this event by trading with Jefferies.

As previously announced, Jefferies will donate"... Continue Reading

New Senior Leadership Appointments to Drive Atkins Business Expansion in the Middle East and Africa

September 16, 2019

New Senior Leadership Appointments to Drive Atkins Business Expansion in the Middle East and Africa

Atkins, a member of the SNC-Lavalin Group, is pleased to announce new appointments to its senior leadership team in the Middle East and Africa and support its business expansion plans across the region. The new appointments were made across Atkins’ design and engineering, Faithful+Gould and Atkins Acuity business lines.

Johan"... Continue Reading

‘Investing in camping sites to curb subletting’ – ‘Plan to rent out to public’

September 15, 2019

‘Investing in camping sites to curb subletting’ – ‘Plan to rent out to public’

KUWAIT CITY, Sept 14: Director General of Kuwait Municipality Eng Ahmad Al-Manfouhi disclosed that he has been contemplating the idea of investing some parts of the spring camping locations by renting them out to the public through companies, which will be presented at the Municipality’s higher committee meeting next week, reports Al- Rai daily.

Al-Manfouhi"... Continue Reading

Deportation of Expats costs Kuwait $3.7 million

September 15, 2019

Deportation of Expats costs Kuwait $3.7 million

KUWAIT CITY, Sept 14: The process of deporting violators and criminals at the State expense has cost the Treasury $3.7 million, reports Al-Rai daily quoting informed sources.

The same sources said this money comes from the budget allocated for the Ministry of Interior.

However,"... Continue Reading

South African business delegation visits Kuwait

September 14, 2019

South African business delegation visits Kuwait

The South African Department of Trade and Industry (DTI) will lead a business delegation from the nine different provinces in South Africa to Kuwait from 14-17 September.

The DTI and the South African Embassy in Kuwait have been collaborating to promote the diverse range of products from South Africa. The visiting delegation will"... Continue Reading

Udupi Restaurant — A vegetarian enclave opens in Salmiya

September 14, 2019

Udupi Restaurant — A vegetarian enclave opens in Salmiya

Udupi Restaurant, the exclusively vegetarian Indian restaurant in Kuwait, opened their third branch in the country with the inauguration of the Salmiya Branch located in Salem Mubarak Street.

Indian ambassador to Kuwait H.E. Jeeva Sagar inaugurated the branch, alongside a select gathering of well-wishers and the restaurant management"... Continue Reading

Independent board members boon for investor-friendly banking governance

September 14, 2019

Independent board members boon for investor-friendly banking governance

Banking experts say instructions issued by the Central Bank of Kuwait to appoint independent members in the boards of banks as of June 2020 are largely in line with the events witnessed in the Kuwaiti market, which has become the focus of attention of foreign investors who are looking for professional markets that apply the most professional and supervisory mechanisms in money management, reports Al-Anba"... Continue Reading

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