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Ralph Lauren to get royal title

November 19, 2018

Ralph Lauren to get royal title

Ralph Lauren is set to be honored as the first ever American fashion designer to receive a KBE from Queen Elizabeth II. The 79-year-old iconic fashion mogul will be honored as Honorary Knight Commander of the Most Excellent Order of the British Empire (KBE) for his services to fashion and philanthropy, making him the first ever American designer to receive such an honor. Ralph will be awarded the title during"... Continue Reading

Kuwait index winds up in red; volume shrinks

November 19, 2018

Kuwait index winds up in red; volume shrinks

KUWAIT CITY, Nov 18: Kuwait stocks sagged on Sunday as it resumed trading after a five-day break. The All Shares Index slipped 12.92 pts in a sluggish session to 5,088.86 points weighed by some of heavyweights even as KIPCO and Humansoft Holding eked gains.

The Prime Market dipped 11.9 pts to 5,285.14 points paring the month’s"... Continue Reading

Greece eyes boost in trade & tourism ties with Kuwait’

November 19, 2018

Greece eyes boost in trade & tourism ties with Kuwait’

KUWAIT CITY, Nov 18, (KUNA): Kuwait’s Information Minister Mohammad Al-Jabri said on Sunday that relations with Greece have made much progress in various fields over the years. A deal between Kuwait and Greece over issues of mutual concern has been in place since 1978, Information Minister Mohammad Al-Jabri said amid a meeting with the mayor of the Greek island of Kos Giorgos Kyritsis.

Al-Jabri,"... Continue Reading

Warba Bank to raise capital through IPO

November 19, 2018

Warba Bank to raise capital through IPO

KUWAIT: Warba Bank is raising its capital on Nov 25 through an initial public offering (IPO). On this occasion, the bank held a press conference yesterday to explain the goals of the offer and the bank’s expectations from it.
“This will be the first electronic IPO held in Kuwait’s history in cooperation with Kuwait Clearing Company. We have set up a special website for the IPO, where"... Continue Reading

Kuwait, China sign MoU on finding mechanism for Silk City, 5 islands

November 19, 2018

Kuwait, China sign MoU on finding mechanism for Silk City, 5 islands

KUWAIT CITY, Nov 18, (KUNA): Kuwait and China signed a memorandum of understanding Sunday on forming a mechanism for development of cooperation for Silk City and the five Kuwaiti islands. The MoU signing ceremony was held at the National Development and Reform Commission headquarters in Beijing, China, Kuwaiti Ambassador to China Samih Hayat told KUNA.

Head"... Continue Reading

KOC signs $1.3 billion contracts to buy over 86 drilling rigs

November 19, 2018

KOC signs $1.3 billion contracts to buy over 86 drilling rigs

KUWAIT: Kuwait Oil Company (KOC) recently signed contracts to buy over 86 drilling rigs, which is the largest order in KOC’s history with a total value of $1.3 billion, company CEO Jamal Jaafar said. He also noted that 30 rigs had already been delivered by the contracted Chinese, American and Italian companies. The rigs were purchased instead of being rented due to the prohibitive daily rental price"... Continue Reading

Thousands of expat job titles in private sector cancelled – ‘Not qualified’

November 19, 2018

Thousands of expat job titles in private sector cancelled – ‘Not qualified’

KUWAIT CITY, Nov 18: Public Authority for Manpower (PAM) has cancelled the job titles of thousands of expatriates who occupy supervisory positions in private sector companies after discovering that they are not highly qualified or their certificates are not accredited by Kuwait’s Ministry of Foreign Affairs, reports Al-Rai daily.

According"... Continue Reading

Kuwait mulling plan to cut 1.5 million expats in 7 yrs

November 19, 2018

Kuwait mulling plan to cut 1.5 million expats in 7 yrs

KUWAIT: Kuwait could soon implement a roadmap to reduce the number of expatriates by at least 1.5 million over the next seven years in a plan that aims at achieving a demographic balance between Kuwaitis and expatriates, a leading newspaper reported yesterday. Citing informed sources, Al-Qabas said that the fatwa and legislative department, the government’s legal body, has asked opinions from government"... Continue Reading

Kuwait launches OTC platform for trade in unlisted companies' shares

November 19, 2018

Kuwait launches OTC platform for trade in unlisted companies' shares

Boursa Kuwait, the region’s fourth-biggest equities exchange by market capitalisation, on Sunday launched an over-the-counter trading platform, becoming the first Arabian Gulf exchange to offer stocks of unlisted companies.

The bourse, which is implementing structural reforms and widening its product offerings to attract more"... Continue Reading

GSMA Announces New Speakers for Mobile 360 Series – MENA

November 19, 2018

GSMA Announces New Speakers for Mobile 360 Series – MENA

(AETOS Wire) -- The GSMA today announced a number of additional high-profile speakers for its Mobile 360 Series – MENA (Middle East and North Africa) conference taking place on the 26-27 November 2018 in Dubai. The mobile industry-focused event, which is now in its sixth year, will cover the key industry issues facing the region, with a particular"... Continue Reading

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