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Kuwait’s tourism sector made great strides – official

March 25, 2019

Kuwait’s tourism sector made great strides – official

Kuwait’s tourism sector has taken several steps forward to materialize His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s vision to turn Kuwait into a financial and commercial hub, said a senior tourism sector official.

The sector is actively backing any initiative to bolster tourism in Kuwait, the Kuwait’s"... Continue Reading

Zain adds new smart home plans to Zain LIFE portfolio

March 25, 2019

Zain adds new smart home plans to Zain LIFE portfolio

Zain, the leading digital service provider in Kuwait, announced the launch of new smart home plans as part of its Zain LIFE portfolio of innovative solutions designed for a smarter lifestyle. The new plans feature a number of unique smart devices from TP-Link, a global provider of reliable networking devices and accessories.

Zain launched"... Continue Reading

Kuwait generated $24bn worth of debt issuances over last 10 years

March 25, 2019

Kuwait generated $24bn worth of debt issuances over last 10 years

NBK Capital sponsors GBSA’s Kuwait debt capital markets conference
KUWAIT: Watani Investment Company (NBK Capital), in partnership with the Gulf Bonds and Sukuk Association (GBSA), held the fourth annual Kuwait Debt Capital Market Conference, which was attended by a number of government and private sector representatives that were invited to participate in the conference.

On"... Continue Reading

Kuwait Finance House – Bahrain Honors Outstanding Employees with “Fursan Baytik” Awards

March 25, 2019

Kuwait Finance House – Bahrain Honors Outstanding Employees with “Fursan Baytik” Awards

Kuwait Finance House – Bahrain has honored another batch of employees under the ‘Fursan Baytik’ Employee Recognition programme in recognition of their outstanding achievements and performance during the final quarter of 2018.

Mr. Abdulhakeem AlKhayyat, the Managing Director and CEO at KFH-Bahrain, presented awards"... Continue Reading

Prospects and pot holes on the new Silk Road

March 24, 2019

Prospects and pot holes on the new Silk Road

On Saturday, Italy became the first G7 nation to endorse China’s mega Belt and Road Initiative with the signing of a memorandum of understanding (MoU) between Italian Prime Minister Giuseppe Conte and visiting Chinese President Xi Jinping. The Chinese president, who arrived in Rome on Thursday at the start of a three-nation European tour, is aiming to promote his grandiose plan of the opening road, rail"... Continue Reading

Impact of Brexit on Kuwaiti firms and individuals

March 24, 2019

Impact of Brexit on Kuwaiti firms and individuals

Regardless of the massive political divisions among the public and MPs in the United Kingdom and the European Union (EU) toward Brexit, the harmful implications of post-Brexit is becoming more significant day by day, in particular, the future negative impacts on UK’s economy. The global economy is interconnected, and with the UK ranked as the fifth largest economy in the world, the economic impact of"... Continue Reading

Central Bank of Kuwait issues circular to all local banks asking for data on SMEs

March 24, 2019

Central Bank of Kuwait issues circular to all local banks asking for data on SMEs

KUWAIT CITY, March 23: The Central Bank of Kuwait has issued circular asking local banks to provide data on the SMEs on a quarterly basis – the SMEs that are being funded by them, reports Al-Rai daily quoting related sources.

The sources pointed out that the data requested by the Central Bank, is part of its efforts to establish"... Continue Reading

Revenues from sale of stamps abroad for 2017/’18 KD 8.9mln

March 24, 2019

Revenues from sale of stamps abroad for 2017/’18 KD 8.9mln

KUWAIT CITY, March 23: The Ministry of Foreign Affairs said revenues from the sale of stamps abroad for the fiscal 2017/2018 was KD 8.9 million, while KD 6.6 million in revenue came from the sale of stamps for April to October 2018 period, reports Al-Qabas daily In response to a parliamentary query, the ministry confirmed its commitment to the plan contained in the study contracts for the project of mechanization"... Continue Reading

Proposal to increase salaries – Increment not less then KD 200 who have no salary scalea

March 24, 2019

Proposal to increase salaries – Increment not less then KD 200 who have no salary scalea

KUWAIT CITY, March 23: The Public Authority for Manpower (PAM) endorsed the proposal to increase the salaries and financial benefits of its staff including allowances, salary scales and premiums to be equal with their counterparts in other public institutions after the merger with the Manpower and Government Restructuring Program (MGRP), reports Al-Shahid daily.

Sources"... Continue Reading

Al-Safat Investment Co Chairman Al-Terkait wins ‘CEO Today Middle East Awards 2019’

March 24, 2019

Al-Safat Investment Co Chairman Al-Terkait wins ‘CEO Today Middle East Awards 2019’

KUWAIT: Chairman of Al-Safat Investment Company Abdullah Al-Terkait has won an award for his achievements and efforts at the ‘CEO Today Middle East Awards 2019’, that was held in February 2019. In a detailed interview that was published in the magazine’s Middle East issue, the chairman talks about the company, its history and his experience while being the Chairman since 2013.

Al-Terkait"... Continue Reading

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