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Smaller UAE companies struggle for finance - Some banks cutting lending or recalling loans

DUBAI: Banks in the United Arab Emirates are cutting credit lines to small- and medium-sized businesses (SMEs) after a spate of defaults, posing a threat to one of the economy's main drivers.As weak oil prices prompt a drying up of bank liquidity, some lenders are becoming choosier, taking longer to approve loans or asking for more paperwork, while others are cutting lending or recalling loans, say businesses and bankers.While the trend is mainly...

BARCELONA: Sheikh Mohammed bin Abdullah Al-Thani, General Manager and CEO of Ooredoo Kuwait and Huawei Executive Howard Liang, President of Global Technical Service Department.

Ooredoo Kuwait, Huawei showcase ICT Innovation at MWC Barcelona - Using cutting-edge communications to deliver best value

BARCELONA: Sheikh Mohammed bin Abdullah Al-Thani, General Manager and CEO of Ooredoo Kuwait and Huawei Executive Howard Liang, President of Global Technical Service Department.KUWAIT: Top executives from Ooredoo Kuwait, a member of the international Ooredoo Group, have met with their counterparts at Huawei, a leading global ICT solutions provider, during the Mobile World Congress which took place in Barcelona between 22-25 February 2016, as the...

MOUNTAIN VIEW: In this May 13, 2015, file photo, Google's self-driving Lexus car drives along street during a demonstration at Google campus in Mountain View, California. - AP n

Google’s self-driving car strikes public bus

MOUNTAIN VIEW: In this May 13, 2015, file photo, Google's self-driving Lexus car drives along street during a demonstration at Google campus in Mountain View, California. - APLOS ANGELES: A self-driving car being tested by Google struck a public bus on a Silicon Valley street, a minor accident that appears to be the first time one of the tech company’s vehicles caused a crash during testing. Google accepted at least some responsibility for the...

Aedes Aegypti mosquito larvae are photographed in a lab of the International Training and Medical Research Center (CIDEIM) in Cali, Colombia. CIDEIM scientists are studying the genetics and biology of Aedes Aegypti mosquito which transmits the Zika, Chikungunya, Dengue and Yellow Fever viruses, to control their reproduction and resistance to insecticides. — AFP

Why Zika is causing alarm?

RIO DE JANEIRO: Global health officials are racing to better understand the Zika virus behind a major outbreak that began in Brazil last year and has since spread to many countries in the Americas. The following are some questions and answers about the virus and current outbreak:How do people become infected?Zika is transmitted to people through the bite of infected female mosquitoes, primarily the Aedes aegypti mosquito, the same type that...

Lewis Hamilton and Nicole Scherzinger

Lewis Hamilton has written songs about Nicole Scherzinger

Lewis Hamilton and Nicole ScherzingerThe Formula One racing driver is currently working on his debut album and he admits his on-and-off relationship with the former Pussycat Dolls singer has provided inspiration for his music. However, Lewis insists he won’t be making heartbreak tracks and instead he has focused on the “fun stuff” from their romance. Speaking about his album, the 31-year-old sportsman told the Daily Mirror newspaper:...

Film Director Emir Baigazin at his Photo Exhibition in Lugano

'The Wounded Angel' - FILM REVIEW

Film Director Emir Baigazin at his Photo Exhibition in LuganoFour separate stories in which male adolescents go off the rails constitute "The Wounded Angel," the sophomore outing of Kazakh writer-director Emir Baigazin. Unfortunately, it's impaired by the fact that it is very similar to his much-prized, Berlin Silver Bear-winning debut, "Harmony Lessons" (2013), but considerably less compelling: Whereas the earlier film combined a pitch-perfect...

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KUWAIT: (Left) HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah meets NATO Secretary General Jens Stoltenberg yesterday

Kuwait, NATO sign Gulf's first 'transit agreement' - Stoltenberg urges joint solutions to regional challenges

KUWAIT: (Left) HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah meets NATO Secretary General Jens Stoltenberg yesterdayKUWAIT: Kuwait and the North Atlantic Treaty Organization (NATO) signed yesterday a "transit agreement" to promote partnership and cooperation between the two parties. The agreement was signed by First Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah and NATO's Secretary General Jens...

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Dozens of Syrian residents barred from reentering

KUWAIT: Several Syrian residents of Kuwait said yesterday that airport officials there have kept them waiting for more than 48 hours, barring their re-entry on suspicion of having forged passports. Ayman Nashewati, a 42 year-old sound engineer who works in Kuwait, told AP he returned on Saturday after a weekend visit to nearby Dubai and was placed in a waiting room with other Syrians suspected of having forged documents.He said more than 50...

HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah greets reappointednElectricity and Water Minister Ahmad Al-Jassar after he was sworn in

Ex-electricity minister reappointed

HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah greets reappointedElectricity and Water Minister Ahmad Al-Jassar after he was sworn inKUWAIT: Former minister of electricity and water Ahmad Al-Jassar, who resigned late last year after the lower court convicted him, was reappointed to his post after the appeals court acquitted him. Jassar was sworn in by HH the Amir yesterday and is expected to take the oath as a member of parliament in the...

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Syndicate says minister wants to deprive oil workers of privileges

KUWAIT: Chairman of Kuwait Engineers Syndicate (KES) Abdul Wahab Al-Kandari stressed that KES would strongly respond to Finance Minister and Acting Oil Minister Anas Al-Saleh's intentions to 'sell' the oil sector through amending the privatization law, which would deprive the sector employees of all their privileges. "Although the head of the parliamentary human resources committee Dr Khalil Abdullah and the committee rapporteur Ahmed Lari...

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KD 102 million to ‘improve’ Kuwait’s image

KUWAIT: The proposed new development plan includes allocating KD 102 million over 119 months (about KD 10 million per year) for programs that improve Kuwait’s image abroad, as well as support culture, art and information in a way that serves “Kuwait’s image”.The plan said Kuwait’s reputation image is below the accepted international level, which requires increasing the role of international diplomacy and activating participation in...

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KUWAIT CITY: Jassim Al-Awadhi waits at a bus stop as a bus approaches in this file photo.

Disorganized bus network behind lacking transit system

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Kuwait's fencer Yusuf Al-Shamlan

Shamlan leaves Olympic Games

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KUWAIT: Young girls participate in Girl Up Kuwait's first conference which focused on the role of women in Kuwaiti society and politics.

Girl Up Kuwait: Young trailblazers give girls a voice

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Air Force carries out aeromedical evacuation exercise

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Kuwait under unsteady northern and northwesterly winds triggering dust. - KUNA

Kuwait weather to remain unstable