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Kuwaiti oil at around $50 to 60 pb: analyst

January 16, 2019

Kuwaiti oil at around $50 to 60 pb: analyst

KUWAIT CITY, Jan 15, (KUNA): In the first half of 2019, the price of oil is expected to reach $55 to 65 per barrel (pb) with Kuwaiti oil at around $50 to 60 pb, said an analyst Tuesday.

Speaking to KUNA, Mohammad Al-Shatti – an oil analyst – said that it was too early to have a concrete idea of where the prices will be"... Continue Reading

Salaries of Laborers working for Ministry of Public Works not paid for 4-months

January 16, 2019

Salaries of Laborers working for Ministry of Public Works not paid for 4-months

KUWAIT CITY, Jan 15: A number of laborers conducted a strike in front of the building of Ministry of Public Works to protest against the non-payment of their salaries for four months. These laborers are employees of a company that has been contracted by the ministry for maintenance services.

The laborers said they were given many promises"... Continue Reading

Emporio Armani goes primitive in Milan Fashion Week

January 16, 2019

Emporio Armani goes primitive in Milan Fashion Week

Emporio Armani tapped primitive instincts while maintaining a balance between formality and sport in the Armani group’s line for younger fashion-forward men. Designer Giorgio Armani wrapped men in shaggy synthetic fur and lined coats with warm lambskin, an interpretation of another era’s animal fur capes he says was inspired by the natural world.
The collection was a display of richness,"... Continue Reading

Wataniya airways pays compensation to 3 passengers in Gold

January 16, 2019

Wataniya airways pays compensation to 3 passengers in Gold

KUWAIT CITY, Jan 15: In a precedent-setting ruling, the Court of First Instance demanded that Wataniya Airways pay compensation to three passengers after they filed a lawsuit against the company for causing delay and cancelling their scheduled trip to Istanbul, reports Al-Rai daily.

The court ordered the company to pay each passenger"... Continue Reading

Number of Kuwaiti millionaires crosses 35,000

January 16, 2019

Number of Kuwaiti millionaires crosses 35,000

Credit Suisse, the global investment and financial services company, reported that the number of Kuwaiti millionaires had exceeded 35,000 by the end of 2018. Based on growth figures, the number of millionaires is now predicted to reach 39,000 by the end of 2019.

The report shows that while seven individuals in the country were billionaires"... Continue Reading

Gulf Bank receives new Al-Danah millionaire

January 16, 2019

Gulf Bank receives new Al-Danah millionaire

KUWAIT: The Gulf Bank recently received the winner of the KD 1 million Al-Danah prize Faisal Tareq Habib Arab and his father at the bank’s headquarters. They were received at the bank by Tony Maher and the bank’s management team and presented him the prize.

The winner’s name was declared during a raffle draw and a"... Continue Reading

Kuwait participates in Global Aviation Summit in Mumbai

January 16, 2019

Kuwait participates in Global Aviation Summit in Mumbai

Kuwait is participating in the Global Aviation Summit - 2019 being held in the Indian financial capital of Mumbai to share their best experiences in the field and discuss ways of enhanced cooperation in civil aviation. President of the Directorate General of Civil Aviation (DGCA) Sheikh Salman Sabah Al-Salem Al-Humoud Al-Sabah is leading the Kuwaiti delegation.

Indian"... Continue Reading

2019-2020 development plan referred to National Assembly

January 16, 2019

2019-2020 development plan referred to National Assembly

KUWAIT: Minister of State for Economic Development Mariam Al-Aqeel yesterday referred the 2019-2020 development plan to the National Assembly after it was reviewed by the Cabinet as part of the 2015-2016/2019-2020 second development plan, said the Secretary General of the Supreme Council for Development and Planning Khaled Mahdi. Speaking at a press conference, Mahdi explained the plan includes 135 projects,"... Continue Reading

MEA wireless headsets market ‘to top $890m by 2023’

January 16, 2019

MEA wireless headsets market ‘to top $890m by 2023’

The Middle East & Africa wireless headsets market is projected to reach $894 million by 2023, according to a new report by TechSci Research, a research based global management consulting firm.

Wireless headsets are becoming popular in Middle Eastern countries, as the number of smartphone users are growing at a rapid pace in the region, said the report titled “Middle East & Africa"... Continue Reading

Delta Air net income grows but further revenue fall flagged

January 16, 2019

Delta Air net income grows but further revenue fall flagged

Delta Air Lines on Tuesday forecast a further fall in unit revenue growth in the first quarter of 2019, adding to growing concerns about airlines' ability to raise fares in an uncertain global economy.

The United States' second-largest airline reported quarterly revenue in line with analysts' estimates and profit that topped"... Continue Reading

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