Sajeev K Peter | kuwaittimes

Sajeev K Peter

KUWAIT: Bader Al-Saad (left) and Hela Cheikhrouhou during the signing of the agreement.

AFESD, IFC collaborate to foster private sector in Arab countries

KUWAIT: The Arab Fund for Economic and Social Development (AFESD) signed on Tuesday the International Finance Corporation’s Master Cooperation Agreement on Monday, becoming the third signatory from the Arab region to join the MCA. The partnership, signed during a ceremony held at the AFESD headquarters during the Kuwait edition of the Arab-DAC Dialogue on Development, underscores the shared commitment of both organizations to enhancing economic...

Kuwait’s Ambassador to Belgium Nawaf Nafie Al-Enezi (right) with visual artist Abdulredha Al-Saegh.

An artist’s reflections on Kuwait’s storied past

Abdulredha Al-Saegh’s paintings are an artist’s reflections on Kuwait’s storied past. His brushstrokes create the country’s historic landmarks and traditions, evoking nostalgia among the spectators about the past. “A work of art ought to convey a universal message. And as such, it must be simple and everyone must be able to grasp it without any difficulty. It must be an easy language with a great concept,” Saegh told Kuwait Times as...

Nour Al-Huda in the film 'Areata'.

Resurgent Kuwaiti cinema signals a promising new era

The history of film both as an art form and an industry in Kuwait has been characterized by resilience amidst turbulence. Since the groundbreaking release of “Bas Ya Bahar” (The Cruel Sea) in 1972, which catapulted Kuwaiti cinema into the limelight, the industry experienced steady growth until the brutal Iraqi invasion in 1990. However, today, emerging from the long shadow of the invasion, Kuwait’s film industry is experiencing a...

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Kuwait-Italy defense relations soar with Eurofighter program

KUWAIT: Kuwait will receive 13 more Eurofighter jets from Italy over the next 18 months out of the 28 aircraft under the ‘Eurofighter Kuwait’ program, said Italian Defense Minister Guido Crosetto, who arrived in Kuwait on an official visit on Tuesday, leading a high-ranking delegation. In an exclusive interview with Kuwait Times, the visiting Italian minister spoke about a wide range of topics and elaborated on the growing bilateral...

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Kuwait reforms pick up pace; workplan eyes diversification

Kuwait has set a five-year work plan in motion aiming at accelerating the pace of country’s economic reforms and pushing its digital transformation drive. The Cabinet has drafted a development blueprint for 2024-2028 that eyes diversification of the country’s income sources by focusing on non-oil sector growth and infrastructure development in which private sector is expected to play a pivotal role.As Kuwait celebrates its National and...

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Expats hail family visa opening, but salary cap rankles

KUWAIT: Kuwait’s large expatriate community heaved a sigh of relief as the government resumed issuing family visas, although the minimum salary requirement of KD 800 has left many in low-income categories distressed. The exemption from the salary requirement for those engaged in 14 types of jobs has also been greeted with much joy and excitement.“It is a big relief for many expats like me who have been waiting for long to reunite with their...

Asaf Ali explains the craft to Shaikha Paula Al-Sabah.

Kashmir textile exhibition: Where tradition meets the contemporary

India’s Kashmir Loom, in collaboration with Sadu House, opened a unique textile exhibition at Sadu House on Sunday featuring exquisite textiles, heirloom Kani weave and Sozni embroidered pashmina shawls from Kashmir. For the first time in Kuwait, the exhibition showcases Kashmir Loom’s vintage-style coats with hand embroidery and Ikat-dyed pashmina, along with a curated collection of hand-embroidered cushions and home objects in the...

KUWAIT: IMF Director for Middle East and Central Asia Development Jihad Azour (left) during the press briefing on Tuesday. Director Paulo Dummond looks on. – Photo by Yasser Al-Zayyat

Expedite diversification, scale up non-oil growth, IMF urges Kuwait

KUWAIT: Kuwait needs to expedite the diversification of its economy further to scale up the non-oil sector in tune with the economic transformation taking place across the world. Government-led reforms and the growth of private sector investment in new sectors could push non-oil economic growth in the country despite a marginal slowdown in the growth due to OPEC+ production cuts, said a senior IMF official on Tuesday.Jihad Azour, IMF’s director...

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BAQUBA: Iraqi paralympics table tennis athlete Najlah Imad, displays her medals at her house in Baqubah. – AFP

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TOKYO: People walk along an underground concourse leading to the subway in Tokyo on May 16, 2024. Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed May 16, in further bad news for its unpopular government.-- AFP

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