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Hamad Al-Marzouq
KFH posts net profit of KD 145.8 m for 2015 - 17% cash dividends, 10% bonus shares: Al-Marzouq
Hamad Al-MarzouqKUWAIT: Kuwait Finance House (KFH) Chairman, Hamad Abdulmohsen Al-Marzouq said that KFH, by the Grace of Allah and His Blessings, has posted a net profit of KD 145.8 million for the fiscal year 2015 compared to KD 126.5 million for the year 2014, thus marking an increase by 15.3 percent over last year. Earnings per share increased to reach 31.1 fils, an increase of 15.3 percent over the same period last year.Finance portfolio...
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Angola's chaotic capital chokes under trash piles
LUANDA: People walk past a pile of uncollected garbage in Luanda yesterday. Since last summer, Angola’s sprawling capital of Luanda, home to 6.5 million people, has become an open-air dumping site. — AFPLUANDA: For half an hour, the passenger boat sat stranded off the coast of Angola's seaside capital Luanda. Streams of rubbish clogged its engine as it attempted to enter the port of a city sinking under the weight of several months of...
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Assembly suspends fee hike in private schools - Appeals court sets Feb 17 for trial of 'Abdaly cell'
KUWAIT: The National Assembly yesterday approved a recommendation stipulating that all fee increases by private schools, including foreign schools, must be suspended immediately until a parliamentary committee reviews the issue with the minister of education. The recommendation was passed following strong criticism by MPs against a number of private foreign schools that unilaterally raised their fees before obtaining a permit from the...
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270 fake companies exposed in seven months: Minister
Minister Hind Al-SubaihKUWAIT: The Public Authority for Manpower's inspection teams recently traced 60 more fake companies, which takes the total number of fake companies exposed in seven months to 270, Minister of Social Affairs and Labor and Minister of State for Planning and Development Hind Al-Subaih announced yesterday.These inspection campaigns are within efforts exerted to track violating companies and regulate the labor market to limit...
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Only 5%?
Badrya Darwish Everyone in Kuwait is suffering from high school fees - Kuwaiti or expat. So the best business in my opinion is to open schools. It can compete with oil as oil prices have plunged to $20. I'm sure you can make more money out of students. Where are the good old days when the tuition fee I paid for my son at an English school was KD 2,000 for his senior year. Now my grandson who is seven years old is paying nearly KD 5,000 for...
KUWAIT: Kuwait Towers were decorated Tuesday night with colored lights depicting Australia’s flag, marking its National Day. The gesture signals the close bonds between the two friendly countries, and Kuwait’s appreciation for the nation stand on its side during the Iraqi Invasion. —KUNA
Kuwait ranks poorly in corruption index
KUWAIT: Kuwait Towers were decorated Tuesday night with colored lights depicting Australia’s flag, marking its National Day. The gesture signals the close bonds between the two friendly countries, and Kuwait’s appreciation for the nation stand on its side during the Iraqi Invasion. —KUNAKUWAIT: Public sector corruption in Kuwait worsened significantly in the last year according to Transparency International. In its annual Corruption...
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Ministry of Electricity and Water to lay off 34% of expats
KUWAIT: The power plants' operation and maintenance sector at the Ministry of Electricity and Water (MEW) has already started cutting expenses and reducing the number of expat technicians, Assistant Undersecretary for Power Plants' Operation and Maintenance Fuad Al-Oun said. Oun explained that the sector would reduce 34 percent of the total number of laborers working in operation and maintenance.He also noted that the decision was made after...
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60% believe KD 4,000 dowry reasonable
KUWAIT: A new scientific study said around 60 percent of male members of the Kuwaiti society confirmed their commitment not to pay more than KD 4,000 as dowry.They see this amount as suitable, but is not accepted by women. Both genders agreed that dowry should not exceed KD 10,000. The study revealed that single men form a percentage that exceeds that of women, as one third of Kuwaiti families, or 31 percent, have one or more unmarried males aged...
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Virtual world expands at expense of actual daily chores in Kuwait
KUWAIT: Some 70 percent of modern information technology users in Kuwait are hooked for more than five hours a day to telecom devices, thus sacrificing long hours of their daily real living for the "unreal world," according to Kuwaiti experts.The virtual world started to emerge late last century and rapidly developed early this century, "penetrating our actual world in the last two decades," information expert Bassam Al-Shemmeri, told Kuwait News...
Kuwaiti farmer Yousef Al-Kraibani
Kuwaiti farmer grows second crop of rare vegetables
Kuwaiti farmer Yousef Al-KraibaniKUWAIT: Kuwaiti farmer Yousef Al-Kraibani, who was the first to plant black tomatoes in Kuwait last year, has now grown the second crop of these rare tomatoes in addition to many other new fruits and vegetables. "I recently harvested the plants of the cold season. It included the second crop of black tomatoes that was more successful this year as I have more experience and discovered the secrets of planting it. I...
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah interacts with a falconer attending the festival.
Amir, Crown Prince open National Heritage Festival
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah interacts with a falconer attending the festival.KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah accompanied by His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah attended the Kuwait National Heritage Festival at Al-Salmi area yesterday.The Amiri convoy arrived at the festival and was received by Deputy Minister of Amiri Diwan Affairs and...
KUWAIT: Australian senator and Minister of Tourism and International Education Richard Colbeck. —Photo by Joseph Shagra
GCC countries important aviation hub: Australian Tourism Minister - Minister Colbeck talks Education, Tourism, Mideast situation
KUWAIT: Australian senator and Minister of Tourism and International Education Richard Colbeck. —Photo by Joseph ShagraKUWAIT: Australian senator and Minister of Tourism and International Education Richard Colbeck was on a short visit to Kuwait yesterday, where he met local and high-level officials including members of the business communities here. Before heading to Saudi Arabia, Colbeck spoke to Kuwait Times in an exclusive interview. Some...
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Bader Al-Kharafi
Gulf Bank’s Islamic shift, KD 1.5bn value key achievements as Bader Al-Kharafi steps down
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Sheikh Talal Al-Khaled Al-Sabah
Former interior, defense minister jailed for 14 yrs
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HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah arrives in Scotland on the personal invitation of King Charles III of the United Kingdom and Northern Ireland on Jan 14, 2025. - Amiri Diwn photos
Amir’s visit to UK boosts ties
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Britain's King Charles III (L) welcomes Crown Prince of Kuwait Sheikh Mishal al-Ahmad al-Jaber al-Sabah, during an audience at Buckingham Palace, in London, on October 25, 2023. (Photo by Jordan Pettitt / POOL / AFP)
Amir’s visit to UK... a significant milestone in Kuwaiti British relations
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Amir departs to the UK at personal invitation of King Charles III