Shaza Hotels signs Mysk property in Kuwait for 2020 debut

January 16, 2018

Shaza Hotels has signed its first Mysk Hotel in Kuwait, which is expected to welcome guests at the beginning of 2020.

The new property is located opposite the Messilah beach district on the south coast of Kuwait City, and is already under construction.

The"... Continue Reading

Qatar Airways participates in Kuwait Aviation Show

January 16, 2018

Qatar Airways has announced its participation in the inaugural Kuwait Aviation Show 2018, where it will be displaying the Boeing 777 fitted with its award-winning, revolutionary new Business Class seat, Qsuite.

The show, which will take place from January 17 to 20 at Kuwait International Airport, will also showcase Qatar Airways extra-wide"... Continue Reading

Thyssenkrupp celebrates 125 years of escalators

January 16, 2018

Thyssenkrupp, one of the world's leading elevator companies, is celebrating the 125-year anniversary of the escalator.

The world’s first escalator was put into operation on January 16, 1893 in New York – as a so-called “incline elevator.”

In Hamburg, thyssenkrupp runs the only escalator production plant in Germany.

Imagine a world where dreams"... Continue Reading

Credit growth slows in Kuwait to 4.3%; corporate repayments on the rise

January 16, 2018

Credit volume among Kuwaiti Bank banks contracted in November, with growth slowing to 4.3% year-on-year (YoY), reports National Bank of Kuwait. Among some of the more notable deals transacted in November last year was the KWD400m acquisition of a stake in Zain by Omantel, which is thought to have resulted in some corporate repayments.

Even"... Continue Reading

KFAED delegation visits Moroccan historical places in Rabat

January 16, 2018

Kuwaiti outstanding female students started their visit to Morocco by touring cultural heritage and historic monuments of the capital.
The visit comes within a week-long trip organized by the Kuwait Fund for Arab Economic Development (KFAED).
The female delegation visited on Sunday Hassan Tower, one of the most famous sites in Rabat, which was constructed"... Continue Reading

CBRE named advisor for UAE’s first medical mall

January 16, 2018

CBRE, a global real estate consulting firm, has been appointed as the exclusive advisor for the UAE’s first high-rise medical mall at Khalifa City, Abu Dhabi.

The firm was selected to support with leasing and ongoing retail consultancy before and during the operation of Al Falah Healthcare’s project ‘The Medical Mall.’

A first-of-its-kind in the region to specialise"... Continue Reading

DGCA holds training on rescue operations for airplane crash

January 16, 2018

Directorate General of Civil Aviation (DGCA) held a training on rescue missions for airplane crash outside Kuwait International Airport on Monday.
The directorate is continuously developing its safety and security measures, as well as standards for search and rescue operations, DGCA President Sheikh Salman Al-Homoud Al-Sabah said in a press statement.... Continue Reading

NBK report: Local credit down KD 140 mln in Nov.

January 16, 2018

Local bank credit contracted in November, with growth slowing to 4.3 percent year-on-year (y/y), shows a recent economic report.
The month had seen the completion of the KD 400 million (USD 1.3 billion) acquisition of a stake in Zain by Omantel, which is thought to have resulted in some corporate repayments, said the bank, released by National Bank of Kuwait (NBK).... Continue Reading

Allowing expats to own real estate will reflect positively’

January 16, 2018

Chairman of Kuwait Real Estate Union Faisal Al-Sharhan says the instructions of the Central Bank of Kuwait to local banks to reduce the number of mortgage properties in the banking sector will raise the supply in the real estate market, reports Aljarida daily.

He indicated that the rental values will be affected by the increase in"... Continue Reading

Dubai grants ‘Endowment Sign’ to Kuwait consultancy enterprise

January 16, 2018

A Kuwaiti consultancy enterprise has received the “Dubai Endowment Sign” from the Mohammed Bin Rashid Global Centre for Endowment Consultancy (MBRGCEC). CYLKA Social Responsibility and Public Relations is the first Kuwaiti enterprise to obtain such a privilege in recognition of its community contribution as a role model in the private sector in Dubai, Saad Al-Rubaiaan, Managing Partner at CYLKA,"... Continue Reading

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