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Kuwait signs $48m civic infrastructure contract

July 17, 2018

Kuwait signs $48m civic infrastructure contract

A design and build contract for roads, bridges, sewers, and waterways in Kuwait City has been awarded by a senior government minister.

Kuwait's Minister of Public Work and Minister of State for Municipal Affairs, Hussam Al-Roumi, signed a $48.5m (KWD14.7m) contract for the design, construction, and maintenance of a new civic infrastructure"... Continue Reading

SNC-Lavalin Wins Five-year Contract from Saudi-Kuwait Firm

July 17, 2018

 SNC-Lavalin Wins Five-year Contract from Saudi-Kuwait Firm

Al Khafji Joint Operations (KJO), a joint operations company comprising Aramco Gulf Operations Co. Ltd. and Kuwait Gulf Oil Co., has awarded an additional five-year framework agreement with SNC-Lavalin Engineers and Constructors, Inc. to provide international general engineering services, SNC-Lavalin reported Monday.

“It’s"... Continue Reading

Rolls-Royce plans for take-off in flying taxi market

July 17, 2018

Rolls-Royce plans for take-off in flying taxi market

British jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade. Rolls-Royce said on Sunday it had drawn up plans for an electric vertical take-off and landing (EVTOL) vehicle, or flying taxi, which could carry four to five people at speeds of up to 250 miles"... Continue Reading

PAM ‘rejects’ any contract with salary less than KD 75 – KD 40 salary for worker refuted

July 17, 2018

PAM ‘rejects’ any contract with salary less than KD 75 – KD 40 salary for worker refuted

The post of former minister of Education Dr Ahmed Al-Mulaifion his Twitter account in which he said a laborer of a fuel station receives a monthly salary of KD 40 went viral on social media and attracted wide reactions from Twitter users.

Several questions were raised about the contracts signed with the laborers who work at fuel stations."... Continue Reading

Massive buildings that cost govt millions of dinar left in ‘disuse’

July 17, 2018

Massive buildings that cost govt millions of dinar left in ‘disuse’

Amid warnings against wastage and the belt-tightening policy, several massive buildings that cost the government millions of dinars are deserted without internal or external activities. Those buildings are still waiting for employees and visitors to open their doors before they become dilapidated or a technical report declares them unfit for use, reports Al-Rai daily.

Al-Rai"... Continue Reading

World needs 43,000 more planes in 20 years: Boeing

July 17, 2018

World needs 43,000 more planes in 20 years: Boeing

The world needs to produce 43,000 new aircraft over the next two decades to meet booming demand, Boeing’s CEO forecast here on Sunday. Dennis Muilenberg, chief executive of the US aerospace giant, revealed the outlook upgrade to reporters in London before the sector’s Farnborough Air Show that yesterday.

“We continue"... Continue Reading

Jehad Al-Humaidhi appointed as AUB Deputy CEO – Banking Support Group

July 17, 2018

Jehad Al-Humaidhi appointed as AUB Deputy CEO – Banking Support Group

Ahli United Bank (AUB) has announced the appointment of Jehad Saud Al-Humaidhi as Deputy CEO – Banking Support Group as of 28 June 2018, after obtaining the approval of the Central Bank of Kuwait.

Jehad was formerly Senior General Manager – IT & Operations at Ahli United Bank and was appointed to succeed Ahmed Zulficar,"... Continue Reading

Burgan Bank re-certifies with ‘ISO 9001:2015’ across all of its operations

July 17, 2018

Burgan Bank re-certifies with ‘ISO 9001:2015’ across all of its operations

Burgan Bank, one of the most dynamic banks in Kuwait, recently announced that it has successfully re-certified with ISO 9001:2015 certification across all of its operations. Through this re-certification, Burgan Bank has once again demonstrated its ability to effectively and efficiently provide an internationally recognized quality management system, while continuously advancing its products and services.

"... Continue Reading

KFH, AUB mull possible merger

July 17, 2018

KFH, AUB mull possible merger

Kuwait Finance House (KFH) has invited Bahrain’s Ahli United Bank (AUB) to sign a memorandum of understanding and non-disclosure agreement to pursue strategic opportunities for global growth and expansion. The deal, if confirmed, aims to establish a new banking entity that will accommodate the rapid developments in the world banking industry, KFH said in a statement posted on Kuwait Stock Exchange’s"... Continue Reading

Minister Al-Roumi signs contract for roads, bridges completion

July 17, 2018

Minister Al-Roumi signs contract for roads, bridges completion

Minister of Public Works and Minister of State for Municipal Affairs Hussam Al-Roumi signed a KD 14.722-million (about US$48.5 million) contract on Monday related to the design, construction, maintenance of roads, bridges, sewerage, waterways and other services between the Fifth Ring Road, Al-Ghazali Road and Muhammad bin Qasim Street.

Al-Roumi"... Continue Reading

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