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FINANCE & ECONOMY

SMCA elects new office bearers

May 23, 2019

SMCA elects new office bearers

Syro Malabar Cultural Association (SMCA) organized their General Body Meeting at Royal auditorium, Mangaf on 10 May.

Thomas Kuruvilla Narithookil was elected as President, Biju Anto Pallikunnel as the General Secretary and Wilson Devassy Vadakkedath as the Treasurer for the year 2019-20. Other office bears are Sunil Joseph Rappuzha-Vice"... Continue Reading

KD 7,535 unlawfully spent on overtime pay

May 23, 2019

KD 7,535 unlawfully spent on overtime pay

KUWAIT: A recent State Audit Bureau report on the Public Authority for Food and Nutrition showed KD 7,535 had been unlawfully spent on overtime work for some employees. The report also showed that employees working overtime hours had not been using the fingerprint system as instructed by CSC, and instead manual check in and out lists had been used with inaccurate or altered information on them.

Energy"... Continue Reading

KUFPEC subsidiary signs new exploration deals in Pakistan

May 23, 2019

KUFPEC subsidiary signs new exploration deals in Pakistan

KUWAIT: Kuwait Foreign Petroleum Exploration Company’s (KUFPEC) Pakistan subsidiary Kirthar Pakistan BV (KPBV) yesterday signed petroleum exploration license and petroleum concession agreements for Makhad block in Pakistan, a press release said.

The"... Continue Reading

PVH Corp. Names Stefan Larsson to Newly Created Role of President

May 23, 2019

PVH Corp. Names Stefan Larsson to Newly Created Role of President

(AETOS Wire)-- PVH Corp. [NYSE:PVH], one of the world’s largest apparel companies and owner of iconic brands, including CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, Speedo, and IZOD, announced today the appointment of Stefan Larsson to the newly created role of President, PVH Corp. effective June 3, 2019. Mr. Larsson will have the responsibility for managing PVH’s branded businesses and regions, with each of the three brand CEOs and the Regional Presidents reporting to him. He will report to Emanuel Chirico, PVH’s Chairman and Chief Executive Officer. In connection with this announcement, Mr. Chirico signed a new five-year employment agreement with the Company. PVH Presiding Director, Henry Nasella commented that “With the signing of Manny’s new employment agreement and the hiring of Stefan in the newly created role of President,...... Continue Reading

Virgin Voyages Expands Epic Entertainment Lineup

May 23, 2019

Virgin Voyages Expands Epic Entertainment Lineup

(AETOS Wire)-- Today, Virgin Voyages announces a series of exciting updates for its irresistible 2020 sailings. Expanded Partnership with Mark Ronson With a heritage deeply rooted in music, Virgin Voyages announced an expanded partnership with Academy, Grammy and Golden Globe-winning artist and producer Mark Ronson. Ronson will join the company’s Creative Collective, a group of world-class tastemakers, artists and designers who are collaborating with Virgin Voyages to bring epic Sailor experiences to sea. In his role as the company’s “Minister of Music,” Ronson will be creating a series of pre-voyage and onboard playlists for Sailors, as well as curating the vinyl record selection in the...... Continue Reading

Sintavia Announces Joint Venture with Howco Group

May 23, 2019

Sintavia Announces Joint Venture with Howco Group

(AETOS Wire)-- Sintavia, LLC, the leading Tier One metal additive manufacturer for the Aerospace & Defense industry, announced today that it had signed a term sheet to form a joint venture with Howco Group in support of the development of additive manufacturing within the Oil & Gas industry. The joint venture would be branded under the Howco Group name and"... Continue Reading

JLG's arrive in Kuwait

May 22, 2019

JLG's arrive in Kuwait

Kuwait-based Dayim Equipment Rental has taken delivery of 77 JLG boom lifts and electric scissors.

Dayim Equipment Rental was established in Kuwait in 2018 and is part of the Dayim group, which specialises in companies with high market growth potential through joint ventures, direct investment and partnerships. In turn, Dayim Equipment"... Continue Reading

Contracts of higher worth did not improve Kuwait’s ranking

May 22, 2019

Contracts of higher worth did not improve Kuwait’s ranking

Even though the value of contracts floated by Kuwait increased by $401 million to reach $720 million in April 2019, which was 125 percent higher compared to $319 million recorded in March, it has not helped Kuwait improve its ranking among the GCC countries, as it is in the fourth position, followed by Bahrain and Oman, which did not make any contracts in the month of April, reports Al-Anba daily.

... Continue Reading

‘1,035 projects funded at a cost of KD 177.1 million over 3 years’

May 22, 2019

‘1,035 projects funded at a cost of KD 177.1 million over 3 years’

KUWAIT CITY, May 21: The National Fund for Small and Medium Enterprise Development since 2016-2019 has funded 1,035 projects at a cost of KD 177.1 million, reports Al-Qabas daily.

The daily quoting Minister of Commerce and Industry, the Minister of State for Services Affairs Khaled Al- Roudhan said KD 177 million had been spent"... Continue Reading

Competition Protection Authority conducts study on number of market sectors

May 22, 2019

Competition Protection Authority conducts study on number of market sectors

KUWAIT CITY, May 21: Board Chairman of Competition Protection Authority Dr Rashed Al-Ajmi said the authority has conducted a study covering a number of market sectors to determine any action which harms competitiveness.

In a press statement, Al-Ajmi disclosed the study targeted many sectors including private education, private"... Continue Reading

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