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Kuwait Times

PORT-GENTIL: Morocco's midfielder Mbarek Boussoufa (R) challenges Egypt's midfielder Tarek Hamed during the 2017 Africa Cup of Nations quarter-final football match between Egypt and Morocco in Port-Gentil on Sunday. -- AFP

Egypt strike late to reach Nations Cup semi-finals

PORT-GENTIL: Morocco's midfielder Mbarek Boussoufa (R) challenges Egypt's midfielder Tarek Hamed during the 2017 Africa Cup of Nations quarter-final football match between Egypt and Morocco in Port-Gentil on Sunday. -- AFPPORT GENTIL: Egypt's Mahmoud Kahraba scored a dramatic late goal to snatch a 1-0 win over their nemesis Morocco on Sunday and a place in the African Nations Cup semi-finals.The seven times winners were on the back foot for...

AUCKLAND: Australia’s Marcus Stoinis (R) plays a shot as wicketkeeper Tom Latham (L) of New Zealand looks on during the one-day international (ODI) cricket match between New Zealand and Australia at Eden Park in Auckland yesterday. — AFP

Remarkable Stoinis century not enough for Australia

AUCKLAND: Australia’s Marcus Stoinis (R) plays a shot as wicketkeeper Tom Latham (L) of New Zealand looks on during the one-day international (ODI) cricket match between New Zealand and Australia at Eden Park in Auckland yesterday. — AFPAUCKLAND: Marcus Stoinis scored his maiden one-day century but it was not enough to give an undermanned Australia an astonishing victory in the opening match of their one-day series against New Zealand at...

Gulf Bank head office, Kuwait City.

Gulf Bank reports KD 43m net profit for 2016

Profit increases 10% over 2015, earnings per share 15fils Gulf Bank head office, Kuwait City. Gulf Bank ChairmanOmar Kutayba AlghanimKUWAIT: Gulf Bank K.S.C.P. announced yesterday its financial results for the year ending 31 December 2016. The Bank recorded a net profit of KD 43 million (earnings per share of 15 fils), an increase of 10% over the previous year. The Board of Directors has recommended a cash dividend of 7 fils per share, an...

Rohit Ramachandran

Rohit Ramachandran joins Jazeera Airways as CEO

Rohit RamachandranKUWAIT: Jazeera Airways yesterday announced that Rohit Ramachandran has joined the airline as its new Chief Executive Officer, effective 30 January, 2017. Ramachandran is an industry veteran, bringing with him over 20 years of aviation experience in both the commercial and operational side of the business. Rohit has worked at global and regional airlines, including KLM, Singapore Airlines, and more recently Air Arabia and its...

Ahmad Alzabin

ALAFCO reports KD 5.2m net profit for Q1 2017

Ahmad AlzabinKUWAIT: Vice-Chairman of the Board and Chief Executive Officer of ALAFCO Aviation Lease and Finance Company (ALAFCO), Ahmad A Alzabin, announced that the company recorded a net profit of KD 5.2 million ($17.1 million) for the first three months of the fiscal year ending 30th September 2017 - a 72 percent increase from the same period of the previous fiscal year. Alzabin said in a statement released to the press after a meeting of...

Raed Al-Haqhaq

Raed Al-Haqhaq confirmed as deputy CEO for Burgan Bank

Raed Al-HaqhaqKUWAIT: Burgan Bank announced yesterday the approval of the nomination of Raed Al-Haqhaq to the position of Deputy CEO - Burgan Bank - Kuwait. Raed will be supporting the group CEO of formulating and executing strategic plans pertaining to Burgan Bank Kuwait and supporting the management team in Kuwait with the application of sound governance and execution of business strategies.Al-Haqhaq has over 20 years’ experience in the...

Salah Ahmed Al-Wuheib, KAMCO’snChief Assets Officer

KAMCO begins public offering of its Islamic fund units

Salah Ahmed Al-Wuheib, KAMCO’sChief Assets OfficerKUWAIT: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, announced the Capital Markets Authority (CMA) has approved the establishment and public offering of its KAMCO Islamic Equity Fund (KIEF). The Fund has a targeted size ranging from $ 18 million to $ 550 million.In light of obtaining CMA's approval, KAMCO has initiated the first round of...

$12,000 in funding awarded to Kuwait Water Association

Ford Conservation and Environmental Grants .KUWAIT: Ford Motor Company yesterday announced the latest recipients of its Conservation and Environmental Grants, with $120,000 being made available to the successful entries. Accepted from Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, United Arab Emirates and Yemen, the touted projects focused on three main areas: Environmental Education,...

Opening of Fantasy World at Boulevard Salmiya

Fantasy World now open at Boulevard Salmiya

Opening of Fantasy World at Boulevard SalmiyaKUWAIT: Fantasy World has opened a new store at Boulevard Mall located in Salmiya. This comes in line with the brand's on-going commitment to be closer to customers as well as listening and adhering to their needs. Fantasy World's employees as a family came together at their latest store and inaugurated the store opening its gates to their customers, this being a mode of convenience to the...

Al-Kout Mall

Tamdeen to open 11 stores in new Al-Kout Mall

Group signs leasing agreement with Azadea Group Al-Kout MallKUWAIT: GLA Management, part of Tamdeen Group - Kuwait's leading mixed-use property developer - has signed an agreement with the Azadea Group to open 11 new stores including new-to-market brands at the new Al-Kout Mall which is part of AL KOUT, the largest mixed-use waterfront destination in Kuwait.Azadea will unveil some of its most recognized brands within the mall, located in the...

WASHINGTON: This artist rendering provided by Airbus shows a vehicle in their flying car project, Vahana.

Entrepreneurs race to develop flying car

'A commuters dream come true' WASHINGTON: This artist rendering provided by Airbus shows a vehicle in their flying car project, Vahana.WASHINGTON: Even before George Jetson entranced kids with his cartoon flying car, people dreamed of soaring above traffic congestion. Inventors and entrepreneurs have long tried and failed to make the dream a reality, but that may be changing. Nearly a dozen companies around the globe, including some with deep...

Muntaha Al-Ajeel

Ajeel takes part in first 'Diyafa' festival in Dubai

Muntaha Al-AjeelKuwaiti fashion designer and businesswoman Muntaha Al-Ajeel took part in the first 'Diyafa' festival at Atlantis Dubai, where stars from 10 countries were honored for their achievements and the records set by each in their field.The festival was presented by media personality Ula Al-Faris in the presence of 400 VIPs led by Dr Michel Dhaher, president of the "Piaf" Committee of Beirut International Awards Festival, which organized...

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GAZA: Palestinians surround bodies lying on the ground at the Al-Maamadani hospital after they were killed in a Zionist strike on a school used as a refuge by displaced Palestinians in Gaza City on Aug 8, 2024. - AFP

Iran says Zionists seeking war

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DHAKA: Nobel laureate Muhammad Yunus (center) takes the oath of office as the chief adviser of Bangladesh's new interim government, administered by President Mohammed Shahabuddin (left) on August 8, 2024. - AFP

Yunus sworn in as Bangladesh leader

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KUWAIT: Workers take shelter from the sun under a tree in Kuwait City amidst a heatwave. - Photo by Yasser Al-Zayyat

‘Inadequate’ heat protection for Gulf migrant workers

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Abdullah Al-Sanousi

Digital nomads: New-age employees freely roaming around ever-changing job market

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Minister of Information and Bahrain's Minister of Tourism sign an executive program of tourism cooperation agreement for 2024, 2025, and 2026. – KUNA photos

Kuwait and Bahrain ink executive program for tourism cooperation