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Kuwait Times

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GCC equity markets fail to recover despite strong gains - KAMCO's GCC Markets Monthly Report

KUWAIT: GCC equity markets failed to recover during October-15 despite strong monthly returns for almost all major global stock markets. Key markets in the region fell with Abu Dhabi reporting the steepest monthly decline followed by Saudi Arabia and Dubai. On the other hand, the MSCI World Index jumped 7.8% by the end of the month whereas S&P 500 was up 8.3%. The strongest monthly return was seen for the German and Chinese benchmark indices with...

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Real estate prices weaken as activity slowdown persists - NBK's Economic Report

KUWAIT: Activity in Kuwait's real estate market remained relatively weak with multiple factors dampening sales and lessening its appeal to investors. Seasonality, a strong 2014 and low oil prices have been the main sources of weakness. For the first nine months of the year, total real estate sales reached KD 2.3 billion, down 26% from the same period last year. Most of the real estate price indices continue to exhibit positive annual growth, to...

Masaud Hayat

KIPCO announces 17% increase in profit for first 9 mths of 2015

Masaud HayatKUWAIT: KIPCO - the Kuwait Projects Company - has announced a net profit of KD 37.2 million (US$ 123.1 million) for the first nine months of 2015, an increase of 17 per cent on the KD 31.82 million (US$ 105.3 million) reported for the same period of 2014. KIPCO’s net profit for the three months ended September 30, 2015, came to KD 11.8 million (US$ 39.1 million), an increase of 17 per cent on the KD 10.1 million (US$ 33.4 million)...

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Al-Sayer Group Joins Cancer Aware Nation Campaign - 'You deserve Our Care and attention'

KUWAIT: In view of their interest in the community affairs, Al-Sayer Group CSR and Al-Sayer Medical held a joint campaign in the activities of Cancer Aware Nation Campaign (CAN) on the occasion of world day for breast cancer under the logo "You deserve our care and attention" and World Heart day 2015 under the mission healthy heart choices for everyone, everywhere.Cancer Aware Nation CampaignAs part of efforts to participate in the awareness...

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Will Smith quells 'Concussion' controversy at Film Awards

Will Smith is not expecting any pushback from the National Football League over his upcoming football drama "Concussion." "I don't think it's going to generate too much controversy (with the NFL). There will be a little difficulty in swallowing it, as it was for me. I'm a football dad, you know," said the 47-year-old father of three.Smith was honored Sunday at the Hollywood Film Awards for his work in "Concussion." He plays Dr Bennet Omalu, the...

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Taylor’s maiden fifty keeps England in hunt

SHARJAH: James Taylor hit a maiden halfcentury in his comeback match to bolster England to 222-4 at stumps on the second day of the third Test against Pakistan in Sharjah yesterday. The 25-year-old, playing his first Test since 2012, kept Pakistan at bay with an unbeaten 74 and found an able ally in Jonny Bairstow (37 not out) as the two put on an invaluable 83 for the unbroken fifthwicket stand at Sharjah Stadium.That leaves England just 12...

Nico Rosberg of Germany

Rosberg wins Mexico GP

Nico Rosberg of GermanyMEXICO CITY: Nico Rosberg put his Texas blues behind him on Sunday to win the first Mexican Grand Prix in 23 years and show triple world champion Mercedes team mate Lewis Hamilton how it feels to finish second. The German’s fourth victory of the year, and 12th of his career, ended Hamilton’s three-race winning streak a week after the Briton secured his third title. On a sunny afternoon, with the 135,000- strong crowd...

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Asians support shooting federation

KUWAIT: The technical meeting of the 13th Asian Championship which includes the shotgun, air rifle and pistol was held yesterday at Sheikh Sabah Al-Ahmad Olympic shooting complex with the participation of 33 countries.The meeting was chaired by President of Kuwait and Arab Shooting Federations, Chairman of he Higher Organizing Committee, in the presence of Secretary General of Kuwait and Arab Shooting Federations Obaid Al-Osaimi as well as...

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Kuwaiti photographer wins two awards in Italy's SIPA Contest

ROME: Kuwaiti photographer Ali Al-Zaidi has won two prizes in the Italian Siena International Photography Awards (SIPA Contest). Up to 2,500 photographers from 100 countries took part on the contest. The international contest, held as part of an art festival in Italy's historical city of Siena, announced that Al-Zaidi won the bronze medal in one category and the jurors' award in photographing people's lives.The leading global 18 jurors voiced...

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Sevilla coach writes off Champions League chances

SEVILLE: Sevilla coach Unai Emery has admitted his side have no chance of winning the Champions League and says their priority is to perform well in La Liga so they can secure a lucrative berth in the competition again for next season.As the Europa League holders prepare to host Manchester City today, Emery said Sevilla must focus on improving their domestic form after they suffered another setback in Saturday’s 2-1 defeat at Villarreal which...

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Court acquits ex-MP Mulla of insulting Amir, Egypt Bulletins reject electronic crimes law

KUWAIT: The criminal court yesterday acquitted former liberal MP Saleh Al-Mulla of charges of insulting HH the Amir and damaging Kuwait-Egyptian relations through a number of tweets.Mulla was detained for several days and charged with insulting HH the Amir and undermining diplomatic ties between Kuwait and Egypt earlier this year ahead of an official visit of Egyptian President Abdulfattah Al-Sisi.Mulla wrote several comments on his Twitter...

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Kuwaiti pilgrim missing in Saudi confirmed dead

KUWAIT: The Kuwaiti pilgrim, Jassim Al-Failakawi, who had been missing following the tragic stampede that took place during the Hajj in Makkah this year, was confirmed dead, Saudi authorities informed the family.The authorities in Kuwait, including officials from foreign, interior, Awqaf and health ministries, had been trying hard to locate Al-Failakawi ever since the tragedy struck the pilgrimage. According to his companions, Al-Failakawi, left...

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KUWAIT: Security officers process the data information as residents submit their biometrics.- Photos by Yasser Al-Zayyat

Expats require biometrics to exit

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HANGZHOU: A family member holds an IV drip for a child receiving care at the pediatric department of a hospital in Hangzhou, eastern China's Zhejiang province, on January 6, 2025. — AFP photos

Kuwait reports stable HMPV rates amid global concerns

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HANGZHOU: A baby receives care at the pediatric department of a hospital in Hangzhou, eastern China's Zhejiang province, on January 6, 2025. — AFP

What you need to know about HMPV

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KUWAIT: HH the Amir Shiekh Meshal Al-Ahmad Al-Jaber Al-Sabah poses for a group photo with HH the Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, HH the Prime Minister Sheikh Ahmad Al-Abdullah Al-Sabah, ministers, sports officials and organizers of Khaleeji Zain 26 at Bayan Palace on Jan 7, 2025. – KUNA

Amir hails Gulf Cup success

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DAMASCUS: Travelers gesture upon their arrival at Damascus International Airport on Jan 7, 2025. - AFP

International flights resume in Damascus