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Oman to participate in Kuwait furniture expo

April 24, 2018

Oman to participate in Kuwait furniture expo

The Sultanate of Oman will take part in the International Furniture and Decoration Expo (Style Home) in Kuwait, which opens on Wednesday.

The Sultanate will be represented by the Public Establishment for Industrial Estates (PEIE).

The Sultanate’s participation is in line with its keenness to promote Omani products locally and internationally.

The exhibition aims"... Continue Reading

Kuwait Plans Massive Oil Tanker Expansion

April 24, 2018

Kuwait Plans Massive Oil Tanker Expansion

Despite the ongoing oil production cuts across OPEC, Kuwait has announced plans to expand its oil and oil product tanker fleet twofold over the next 20 years to 60 vessels, the chief executive of Kuwait Petroleum Corp, Nizar al-Adsani said as quoted by S&P Platts today.

"... Continue Reading

Kuwait calls for investing in youth to counter extremism, crimes

April 24, 2018

Kuwait calls for investing in youth to counter extremism, crimes

Kuwait has called for further investing in youth's education and capacity building to safeguard youth from criminal networks and extremist groups.
It is important to invest more in youth to build their potential and inculcate principles and values that stand as a bulwark against their exploitation by the networks of corruption and extremism, UN Permanent Delegate to the UN Ambassador Mansour Al-Otaibi"... Continue Reading

Incheon Airport Corporation wins Kuwait T4 terminal contract

April 24, 2018

Incheon Airport Corporation wins Kuwait T4 terminal contract

Incheon International Airport Corporation (IIAC) has won a 140 billion won project to operate the new Terminal 4 at Kuwait International Airport. Taking this opportunity, the Korean airport corporation aims to actively acquire operating rights of airports in the Middle East.

The Ministry of Land, Infrastructure and Transport announced Monday that IIAC won the bid to operate the new terminal of"... Continue Reading

Kuwait, Oman to see fastest growth in 2019

April 24, 2018

Kuwait, Oman to see fastest growth in 2019

IMF kept global growth estimates for the current year and next year stable in its World Economic Outlook (WEO) released in April 18, from its last update in January 18. Real GDP growth projections for 2018 and 2019 are expected to come in at 3.9% each year, but the IMF altered regional growth estimates from their January 18 estimates.

Global"... Continue Reading

Kuwait Airways denies airlines' maintenance termination

April 24, 2018

Kuwait Airways denies airlines' maintenance termination

Kuwait Airways Monday denied reported termination of maintenance services it was offering for other airlines in and outside the State of Kuwait.
It explained the European Aviation Safety Agency (EASA) informed Kuwait Airways it was suspending its maintenance services for engines and equipment of other airlines subjected to EASA's regulations.
Kuwait Airways will thus need to adjust technical"... Continue Reading

Kalyan set to launch new store in Fahaheel

April 24, 2018

Kalyan set to launch new store in Fahaheel

Kalyan Jewellers, one of the most trusted and leading jewellery brands in the GCC and India has announced that it will relocate the existing store in Fahaheel to Makah street. The new showroom located in Al Khiyateen Complex, Makah Street, Fahaheel will be inaugurated on April 26, by the Baadshah of Bollywood, Shahrukh Khan.

Kalyan"... Continue Reading

The evolving use of mobile payment systems in Kuwait

April 24, 2018

The evolving use of mobile payment systems in Kuwait

The payment of goods and services has evolved over time from the physical exchange of coins and notes, cheque writing to online payment by transferring card details using devices such as mobile phones and personal digital assistant (PDA). Currently, the payment can now be made through mobile devices which is referred to as mobile payment. Growth in technology and emergence of e-commerce has progressively digitalized"... Continue Reading

Kuwait bourse edges lower; volume jumps

April 24, 2018

Kuwait bourse edges lower; volume jumps

Kuwait stocks edged lower on Monday as it extended its losing streak to fifth consecutive session. The All Shares Index fell 3.84 pts in volatile trade to 4,785.09 points even as the trading floor mood remained broadly mixed. The Premier Market took in 2.87 pts to close at 4,779.27 points while Main market dipped 15.97 points to 4,794.57 pts. The volume turnover meanwhile rebounded following Sunday plunge.

"... Continue Reading

Equity and bond investors getting contradictory signals

April 24, 2018

Equity and bond investors getting contradictory signals

Somehow investors have accepted the return of market volatility that started back in January this year. This is somehow back to normality. However, the big question is, can investors live with a challenging macro environment that could impact bonds and equities in the coming months. Investors should assess the trading risks and opportunities in equities and bonds for the coming months. The global economic"... Continue Reading

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