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Current account posts surplus of $10 billion: CBK
KUWAIT: The Central Bank of Kuwait (CBK) said yesterday that the current domestic account posted a surplus of KD 3.2 billion ($10.5 billion) in Q2 2019 against KD 2.6 billion ($8.5 billion) in the year's Q1. The CBK reported in a press release, marking issuance of preliminary data of Kuwait balance of payments for Q2 2019 and the amended data for Q1, a 21.4 percent growth in Q2, reaching KD 528 million ($1.7 billion). It alluded growth of the...
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New gen Corindus robotic system available in Kuwait
KUWAIT: Cardiology Intervention Consultant at the Chest Hospital Dr Ahmad Abdullah operates the machine. — Photos by Yasser Al-Zayyat KUWAIT: The new generation of the Corindus robotic system is available in Kuwait at the Chest Hospital. Ten cases have already been treated with this machine successfully in three months. More patients will benefit from this medical device, which is only available in the UAE apart from Kuwait in the region. The...
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Lawmakers demand urgent debate of election amendments
Some MPs object to new bedoons draft lawKUWAIT: Five lawmakers yesterday demanded an urgent debate in the National Assembly of proposed amendments to the election law to change the voting system. MPs Riyadh Al-Adasani, Abdullah Al-Kandari, Bader Al-Mulla, Mohammad Al-Dallal and Abdullah Fahhad said that a draft law on the amendments had been submitted to the assembly and referred to the interior and defense committee. They said that the head of...
MOCI - Ministry of the Commerce and Industry
Automobile parts dealers must present warranties
KUWAIT: Minister of Commerce and Industry Khaled Al-Roudhan yesterday issued a decision on regulating the second-hand automobile spare parts market, by which vendors are mandated to offer warranty for the parts they sell to customers. In other news, the Hawally committee at the Municipal Council yesterday approved a proposal by member Abdullah Al-Roumi on building a tunnel underneath Messila bridge to link Taawon Street and the Sixth Ring Road....
KUWAIT: Buses are seen at the main KPTC depot in Mirqab. — KUNA
Bid to revive KPTC bus fleet
KUWAIT: Kuwait Investment Authority's board of directors is currently studying a strategic plan by Kuwait Public Transport Company (KPTC) suggesting increasing its capital to handle the losses it has been suffering over the past few years to restructure and revive its bus fleet, well-informed sources said. The proposed strategy, which is expected to be approved, would take 3 to 5 years to revive KPTC's status as a leader and pioneer of the local...
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Man with gun arrested at airport
KUWAIT: Police arrested a man carrying a gun inside Kuwait International Airport's Terminal 1 yesterday, the Interior Ministry said. The suspect had approached security officers, then pointed a gun to his own head, prompting police to evacuate the area. They then surrounded the suspect until he entered a safe zone where he was disarmed and arrested, the ministry said in a statement. The suspect, Kuwaiti, was inebriated at the time of arrest. The...
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The Central Bank of Kuwait
KUWAIT: The Central Bank of Kuwait’s building in Kuwait City. — Photo by Yasser Al-Zayyat
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Zain Group revenue rises 35%, net income up 12%
Bader Al-Kharafi hails success of digital strategy • Q3 2019 sees net income up 10% to KD 56m Bader Al-Kharafi, Zain Vice-Chairman and Group CEO, and Vice-Chairman of Zain KSA KUWAIT: Zain Group, the leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the third quarter (Q3) and nine-month periods (9M) ended 30 September, 2019. The company ended the period serving...
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Investors hope Qatar dairy will be cash cow
AL KHOR, Qatar: A worker inspects bottles of milk on the production line at a dairy factory at Baladna farm 60 km north of Doha on Oct 26, 2019. - AFP DOHA: The cows of Qatar’s Baladna farm, housed in climate-controlled farms in the desert, exemplify the lengths to which Qatar has gone to resist what it calls an economic “blockade” enforced by its Saudi-led neighbors. When the boycott began in June 2017, Qatar responded with sweeping...
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Eight injured in Jordan stabbing; Jordanians held by Israel return
JERASH, Jordan: A Mexican woman, wounded during a knife attack at the famed archeological site of Jerash in northern Jordan, is pictured at the Jerash Government Hospital yesterday. – AFP AMMAN: Eight people, including four tourists, were wounded in a knife attack yesterday at the famed archeological site of Jerash in northern Jordan, a security spokesman told AFP. Four tourists - three Mexicans and a Swiss woman - were wounded, along with a...
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Late pop idol George Michael returns with new song
A new track recorded by George Michael in his last studio sessions before his 2016 death was released on Wednesday, in which the late British pop idol sings about social ills. "This Is How (We Want You To Get High)", his first original material since 2012, will play at the end of upcoming festive film "Last Christmas", itself inspired by Michael's solo tunes and hits from his Wham! days. One of the best-selling artists of all time, Michael, who...
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Kuwait wins Gold in Asian shooting tourney
Talal Al-Rashidi DOHA: Kuwaiti shooter Talal Al-Rashidi yesterday won the gold medal in the trap individuals' competition of the 14th Asian shooting tournament currently held in Qatar. His fellow national Khaled Al-Mudhaf came second and the Kuwaiti champion, Nasser Al-Muqalled ranked third in the teams' trap competition. The Indian team came second, followed by the Qataris. President of the Kuwaiti Shooting Club Duaij Al-Otaibi, in remarks to...
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Kuwait opens visa 20 to visa 18 transfer from July 14 to September 12
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Iranian reformist candidate Masoud Pezeshkian raises his arms to greet his supporters as he arrives for his campaign rally, two days before a presidential election runoff following a first round marked by a historically low turnout, at a stadium in Tehran on July 3, 2024.—AFP
Iran reformist Pezeshkian wins presidential election
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KUWAIT: Interior ministry officials have monitored and conducted several inspection campaigns across the country.
MoI continues crackdown on traffic, residency law violators
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HATHRAS, India: Mourners gather as the deceased who died in a stampede during a sermon are kept at a mortuary at Hathras in India's Uttar Pradesh state on July 3, 2024. -- AFP
‘Miracles’ and hope: Fatal stampede spotlights India’s craze for godmen
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Today in Kuwait’s history