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SpeedMate from Al Babtain Launches First Service Centre in Kuwait

November 20, 2019

SpeedMate from Al Babtain Launches First Service Centre in Kuwait

SpeedMate, operated by Al Babtain’s automotive retail channel, recently opened its first service center in Kuwait.. SpeedMate currently operates 700 automotive service centers in Korea and supplies OE equivalent auto spare parts for Asian vehicles in the global market.The products which are 100% Korean and mostly supplied by OE manufacturers is the first result of an 18th month initiative by Al Babtain"... Continue Reading

Expats’ health insurance scheme to be launched in Kuwait

November 20, 2019

Expats’ health insurance scheme to be launched in Kuwait

According to the company website, Dhaman was established by a Ministerial Decree, as part of the development plan set forth by the State of Kuwait to be the first private healthcare company in the region and the Gulf Co-operation Council to adopt world-class healthcare standards.

In co-ordination with the Ministry of Health, Dhaman"... Continue Reading

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 Committee"... Continue Reading

KNPC honors Reliance International

November 20, 2019

KNPC honors Reliance International

KUWAIT CITY, Nov 19 The CEO of the Kuwait National Petroleum Company (KNPC) Walid Al-Bader, and India’s Ambassador to Kuwait K. Jeeva Sagar honored Kuwait’s Reliance International for its 2018-2019 initiative to implement cutting-edge solutions for human food, environmental and industrial and healthcare, reports Al-Anba daily.

Reliance"... Continue Reading

Kuwait leads in residual oil treatment capabilities: KPC

November 20, 2019

Kuwait leads in residual oil treatment capabilities: KPC

KUWAIT CITY, Nov 19, (KUNA): Kuwait has made tremendous progress over methods and practices related to the treatment of residual oil, state-owned Kuwait Petroleum Corporation (KPC) said on Tuesday.

Kuwait possesses the largest production capacity for the hydrogen treatment of residual oil across its national ports, said KPC’s"... Continue Reading

GE Capital Aviation Services orders 32 Airbus aircraft

November 20, 2019

GE Capital Aviation Services orders 32 Airbus aircraft

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, has signed a firm order for 12 highly efficient wide-body Airbus A330neos and 20 long-range single-aisle A321XLRs.

The agreement for the A321XLR includes an order for 13 new planes and the upsizing of seven A321s in its existing backlog. The latest order takes the total number of A330 Family"... 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

Limak emerges lowest bidder for Kuwait airport project

November 20, 2019

Limak emerges lowest bidder for Kuwait airport project

Limak Inşaat Kuwait, a subsidiary of Turkish builder Limak Group, has emerged as the lowest bidder for the Phase Two of the new Kuwait Airport project with a figure of KD169 million ($555 million), said a report.

The second best contender for the project was another Turkish company Kolin with a bid maount of KD193.5 million, reported Arab Times, citing sources.

The scope of work"... Continue Reading

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