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GOVERNMENT

US Chamber of Commerce debates Kuwaiti economic reforms

April 21, 2018

US Chamber of Commerce debates Kuwaiti economic reforms

In the presence of Kuwaiti Minister of Finance Dr. Nayef Al-Hajraf, Minister of Commerce and Industry Khaled Al-Roudhan and Ambassador to the United States Sheikh Salem Abdullah Al-Jaber Al-Sabah, the US Chamber of Commerce organized a debate on the Kuwaiti economy on Thursday.
Addressing the gathering, Dr. Al-Hajraf said the economic reforms in Kuwait offer ample opportunities for US investors and"... Continue Reading

Some firms have made ‘commercial’ investments on Failaka without permit

April 21, 2018

Some firms have made ‘commercial’ investments on Failaka without permit

In their exploitation and encroachment on government property, some companies have made commercial investments on Failaka Island spanning over 10 years without signing contract or obtaining security permit from concerned authorities, reports Al-Shahed daily.

The daily quoting a source said many of such projects encroaching on government"... Continue Reading

Gov't's action plan covers several vital sectors - SCPD

April 19, 2018

Gov't's action plan covers several vital sectors - SCPD

Secretary-General of the Supreme Council for Planning and Development (SCPD) Dr. Khaled Mahdi said Wednesday the government's action plan covers several vital sectors in the country.
They include administration, economy, sustainability, human resource, infrastructure, environment, health, and housing, Mahdi told MPs during the parliament's complementary session to discuss the government's"... Continue Reading

Kuwait's trade surplus with Japan down second month

April 19, 2018

Kuwait's trade surplus with Japan down second month

Kuwait's trade surplus with Japan fell 9.5 percent from a year earlier to JPY 42.7 billion (USD 398 million) in March, shrinking for the second month due to weak exports, the Finance Ministry said Wednesday. But Kuwait stayed in black ink with Japan for 10 years and two months, the ministry said in a preliminary report.
Kuwaiti overall exports to Japan edged up 0.3 percent year-on-year to JPY 60.2"... Continue Reading

Remittance tax not taken up – MPs discuss work program

April 19, 2018

Remittance tax not taken up – MPs discuss work program

The National Assembly once again failed to discuss the issue of imposing tax on expatriate remittances during its Wednesday session and preferred to look into the issue during next session.

However, the Parliament discussed during the session the government work program for the fifteenth legislative term for (2016/2017 and 2019/2020)"... Continue Reading

Kuwait’s non-oil growth improves to 3.3% in 2017

April 19, 2018

Kuwait’s non-oil growth improves to 3.3% in 2017

The non-oil economy improved in 2017, with growth exceeding expectations. The rebound has come from project spending and a recovering consumer sector. Data thus far in 2018 continued to indicate that the recovery in consumer activity is robust. Meanwhile, the solid US economy saw the Fed raise interest rates again in March, with the Central Bank of Kuwait deciding to do the same to keep interest rates margins"... Continue Reading

IDEMIA and JCB Trial of the First F.CODE Payment Card in Japan

April 18, 2018

IDEMIA and JCB Trial of the First F.CODE Payment Card in Japan

(AETOS Wire) -- As announced at the Taipei JCB World Conference, on November 2, 2017, IDEMIA, the global leader in Augmented Identity, and JCB, the leading international payment network in Japan, have started the pilot of the first F.CODE Japanese payment card.

“F for fingerprint”:"... Continue Reading

Kuwait oil minister: output cut deal helpful for markets, prices

April 17, 2018

Kuwait oil minister: output cut deal helpful for markets, prices

The Kuwaiti oil minister said on Monday that the oil cut accord among the crude producers has helped in balancing the markets, improving the prices and slashing glut in global reserves.

The surplus in the global crude reserves has dropped to 50 million barrels, compared to 340 million barrels last year, said Bakhit Al-Rashidi,"... Continue Reading

Panel: Remittance tax a fee for expats using govt services

April 16, 2018

Panel: Remittance tax a fee for expats using govt services

The parliamentary financial affairs committee said it will discuss the 31st report concerning taxing expats’ remittances in its meeting tomorrow. The committee stressed that the aim of such proposals is to find new sources of income by taxing remittances by expats as a fee for the educational, health and other services the state provides them. The committee also believes that expats have access to"... Continue Reading

Kuwait Cultural Office signs coop. deal with Al-Babtain Library

April 16, 2018

Kuwait Cultural Office signs coop. deal with Al-Babtain Library

President of Kuwait Cultural Office in Cairo Dr. Ahmad Al-Mutairi and Director of Al-Babtain Central Library for Arabic Poetry Soad Al-Ateiqi signed a protocol of cooperation on Sunday evening.
The protocol will give momentum for the efforts aiming to revive the cultural movement across the Arab region, Al-Ateiqi said during the singing ceremony.
She noted that Al-Babtain Library plays a major"... Continue Reading

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