FINANCE & ECONOMY

July 22, 2018

A triumvirate of Kuwaiti parliamentarians have urged the international community to take decisive action over 'Israel's perpetual atrocities against the Palestinian people.' 'We need an appropriate and responsive action that addresses the reality on the ground,' Kuwaiti MP Dr. Abdullah Abul told KUNA at the end of the 28th extraordinary session of the Arab Inter-Parliamentary Union on"... Continue Reading

July 22, 2018

The Kuwaiti Speaker of the National Assembly Marzouq Al-Ghanim returned home from Cairo along with the Parliamentary delegation accompanying him, after the conclusion of the 28th extraordinary session of the Arab Inter-Parliamentary Union on Saturday.
On his arrival, Al-Ghanim was received at the airport by the Minister of State for National Assembly Adel Al-Kharafi and the Secretary-General of the"... Continue Reading

July 22, 2018

Kuwait has decided to provide the Iraqi government with fuel to operate the suspended power plants in southern Iraq as protests continue across the country.

The Amir of Kuwait, Shaikh Sabah Al-Ahmed Al-Jaber Al-Sabah, directed the country’s Ministry of Oil to begin supplying the Iraqi Ministry of Electricity with gasoline"... Continue Reading

July 22, 2018

Minister of Higher Education Dr. Hamed Al-Azmi announced Saturday that the ministry filed over 40 reports of suspected forged diplomas and turned them to the Public Prosecution to complete the legal procedures.
In a statement to KUNA, Dr. Al-Azmi, also Minister of Education, said that 'the initial inspection of the documents led to the discovery of a number of forged diplomas which called for an"... Continue Reading

July 22, 2018

Kuwait’s consumer spending index increased 8.5 per cent year-on-year (y/y) in June, supported by a pickup in the consumption of durables and non-durables, said the National Bank of Kuwait (NBK) in its latest Economic Update.

The end of Ramadan helped boost spending on those components, the bank said in the Update.

Meanwhile, spending on services declined due to an early summer"... Continue Reading

July 22, 2018

Boursa Kuwait has announced today its membership with the Federation of Euro-Asian Stock Exchanges (FEAS), which facilitates its integration with global financial markets and exchanges.

Through this membership, Boursa Kuwait will be a member of a federation that gathers exchanges from Europe, Asia and the Mediterranean and allows"... Continue Reading

July 22, 2018

Kuwait is gearing up to allow electric cars in its roads soon, Al-Rai daily reported.

According to the report, the Kuwait Chamber of Commerce and Industry (KCCI) has requested all concerned authorities to provide necessary requirements for the entry of electric cars to Kuwait’s market.

Furthermore,"... Continue Reading

July 22, 2018

Migrant group Migrante international has demanded a public apology from a Kuwaiti social media influencer who said that maids in her country should not be given days off or rest days.

'We strongly demand that she offer public apology and genuinely express remorse for her disgusting statements,' said Migrante in a joint"... Continue Reading

July 22, 2018

Finance Minister Dr Nayef Al-Hajraf stressed that state budget expenses cannot be divided into expenses on citizens and expatriates because state budgets are allocated for spending on various public services and amenities. Responding to an inquiry by MP Abdulkareem Al-Kandari about how much of the state budget is spent on citizens and how much is spent on expats, Hajraf stressed that article 140 of the constitution"... Continue Reading

July 22, 2018

Despite signing a memorandum of agreement between the governments of Kuwait and the Philippines in May, a new problem has arisen on recruiting domestic workers from the Philippines, said Chairman of Domestic Labor Office Owners Khalid Al-Dakhnan yesterday, noting that the Philippines authorities recently issued executive decision number 10/2018 concerning the implementation of the agreement, but added a"... Continue Reading