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Kuwait Health Minister refers children demise to prosecution

September 16, 2019

Kuwait Health Minister refers children demise to prosecution

Minister of Health Dr. Bassel Al­Sabah has referred two cases concerning death of a male child at a dentistry center and two children at a hospital to public prosecution.

The Ministry of Health (MoH) said in a statement on Sunday that the minister had also barred officials related to the cases from travelling or working in the"... Continue Reading

CBK okays local banks’ request over credit concentration ratio exemption

September 16, 2019

CBK okays local banks’ request over credit concentration ratio exemption

KUWAIT CITY, Sept 15: Some local banks have obtained approvals from the Central Bank of Kuwait (CBK) on requests for exemption from credit concentration ratios towards Kuwait Petroleum Corporation and its subsidiaries by more than KD 500 million, reports Al-Rai daily quoting reliable.

According to the regulatory instructions, the CBK"... Continue Reading

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 Al-Kabeer"... Continue Reading

MP Safa Al Hashem renews call to tax expats pockets, tap remittances

September 16, 2019

MP Safa Al Hashem renews call to tax expats pockets, tap remittances

KUWAIT CITY, Sept 15: MP Safaa Al- Hashem has unveiled a plan to grill Minister of Social Affairs Sa’ad Al-Kharaaz if the latter continues to allow the recruitment of expatriates, describing the situation as an “unnatural invasion.”

She pointed out that former Minister Hind Al-Sabeeh did not neglect this issue as"... 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

Wheels come off India’s auto sector

September 16, 2019

Wheels come off India’s auto sector

NEW DELHI: When India’s Finance Minister Nirmala Sitharaman claimed that a preference by millennials for ride-hailing apps was contributing to a painful slump in car sales, it sparked an online backlash from furious youngsters. They started a campaign using ironic hashtags such as #BoycottMillennials and #SayItLikeNirmalaTai last week to push back against older generations blaming them for today’s"... Continue Reading

Serco set to build inclusive, connected, livable cities in GCC

September 16, 2019

Serco set to build inclusive, connected, livable cities in GCC

Leading public services provider Serco Middle East is set to play a key role at the 6th edition of Arab Future Cities Summit 2019 in Dubai where it will discuss construction of inclusive, connected, livable cities in the GCC region.

Serco Middle East is the Silver Sponsor at the two-day annual conference which kicks off tomorrow (September 16) in Jumeirah Emirates Towers Hotel.

The"... Continue Reading

10,000 clothing items with fake logos seized

September 16, 2019

10,000 clothing items with fake logos seized

KUWAIT: The ministry of commerce and industry’s trade control and consumer protection department raided a warehouse in Hawally used to store thousands of T-shirts and sportswear on which logos of international brands were being printed, which is deemed as commercial fraud under local laws. A statement issued by the ministry explained that on monitoring the sale of counterfeit goods in the local market,"... Continue Reading

Boards of Kuwait Finance House and Ahli United Bank agree terms of possible merger

September 16, 2019

Boards of Kuwait Finance House and Ahli United Bank agree terms of possible merger

The boards of Kuwait Finance House and Ahli United Bank agreed on a share swap ratio, a crucial step in the former's bid to take over its smaller Bahraini counterpart and create a combined Islamic banking entity with $96.7 billion (Dh354.7bn) in assets.

The Bahraini entity said its board approved a final exchange ratio between"... Continue Reading

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