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MP: Kuwait's fiscal position sound, reserve not depleted
Lawmaker drops plan to grill social affairs minister over social aidKUWAIT: Rapporteur of the National Assembly's budgets committee MP Riyadh Al-Adasani said yesterday that Kuwait enjoys a sound financial position backed by huge assets, denying statements that the state's reserve fund has been reduced to just KD 7 billion. The lawmaker said assets in the state reserve are "greatly higher" than the figure announced by current and former officials,...
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Kuwait marks 107th anniversary of ‘year of great prosperity’
KUWAIT: The State of Kuwait marks today the 107th anniversary of 'Senat Al-Tafha,' or 'the year of great prosperity.' In 1912, pearl diving and commerce in Kuwait saw great prosperity because of good business in that specific year. Pearl diving boats reached over 800 vessels, bringing around six million rupees' worth of wealth. There were also 200 ships used to transport goods. These vessels, which had around 6,000 sailors on board, generated...
KUWAIT: The Kuwait Authority for Partnership Projects (KAPP) officials announce that it will launch on October 1, 2019 the public offering of its 50 percent equity stake in Shamal Azzour Al-Oula KSCP. — Photo by Yasser Al-Zayyat
Shamal Azzour Al-Oula KSCP public offering by KAPP to launch on Oct 1
Kuwaiti citizens eligible to take part in offering of 50 percent of shares KUWAIT: The Kuwait Authority for Partnership Projects (KAPP) announced in a press statement yesterday that it will launch on October 1, 2019 the public offering of its 50 percent equity stake in Shamal Azzour Al-Oula KSCP, the owner and operator of the Az-Zour North One Power and Water Plant. Shamal Azzour Al-Oula KSCP is the first company to be established as a...
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Efforts to prevent influx of grilling motions at start of parliament term
Education Ministry moves forward with banning soft drinks in schoolsKUWAIT: Well-informed parliamentary sources stressed that some lawmakers have already initiated contacts to prevent filing grilling motions before the new parliamentary term opens on Oct 29. "The aim of this effort is to prevent filing several grillings and discussing them in the opening session and extending it to the early hours of the following morning in vain," the sources...
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Govt goes after fake accounts
KUWAIT: The government is preparing a list of bogus social media account owners who instigate strife, which will be submitted to concerned authorities to deal with them. Informed sources said the Cabinet will not be satisfied with closing the accounts - rather it will take those behind them to court in Kuwait or abroad in coordination with embassies. The government's communications center met representatives of all government departments to...
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17 newspaper, magazine licenses canceled
KUWAIT: The information ministry has cancelled licenses of 17 weekly and monthly newspapers and magazines. The cancellation was part of a series of decisions issued by the ministry's assistant undersecretary for journalism, publication and prints affairs to cancel licenses of Dalal, Kuwait Auto, Sawalef and Ostora monthly publications, in addition to the cancellation of 13 licenses of monthly newspapers and magazines - Yaqtha, Al-Majales, Waseet...
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A view of Kuwait City from the sea
KUWAIT: A view of Kuwait City from the sea. — Photo by Mustafa Al-Bader (KUNA)
BEIRUT: Lebanese protesters hold placards during a demonstration in Martyrs' Square yesterday. - AFP
Lebanese stage protests over failing economy
BEIRUT: Hundreds of people protested in Lebanon's capital yesterday over increasingly difficult living conditions, amid fears of a dollar shortage and possible price hikes. A skirmish broke out as protesters tried to break through security barriers in front of the cabinet office and anti-riot forces pushed them back with shields and batons, an AFP photographer said. Demonstrators briefly cut off several Beirut thoroughfares, some with burning...
DUBAI: This photo taken on Sept 25, 2019 shows a view of the Cityscape Global exhibition at the Dubai World Trade Centre. - AFP
Dubai builders wooing buyers amid downturn
DUBAI: Dubai, a city defined by its glittering towers and man-made islands, is stuck in a five-year property downturn with no end in sight, drawing warnings of an industry reckoning that will see weaker players fail. Property developers are slashing prices and offering ultra-easy financing to lure customers, while concerned authorities have stepped in with incentives and regulations to revive the crucial sector. Ahead of the Expo 2020 global...
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Saudi king's bodyguard shot dead by 'friend'
JEDDAH: This Sept 25, 2019 photo shows Saudi King Salman accompanied by his personal bodyguard General Abdel Aziz Al-Fagham (right). - AFP RIYADH: A prominent bodyguard of Saudi Arabia's King Salman has been shot and killed at a friend's house in what has been described as a personal dispute, according to state media. Major General Abdelaziz Al-Fagham's death triggered an outpouring of emotion on Twitter, with some condemning the killing of the...
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Fire hits Saudi high-speed train station
RIYADH: Five people were injured in a fire that broke out at a new high-speed train station in Saudi Arabia's western city of Jeddah yesterday, state television reported, with huge palls of smoke seen rising into the air. The station serves the main Haramain High Speed Rail system. The route opened to the public in October last year, transporting passengers between Makkah and Madinah, Islam's holiest sites. "Five people who sustained minor...
TAEZ: A Yemeni child buys sweets from Majd Al-Din Al-Shamiri (unseen), a 16 year-old Yemeni who set up a shop in his family’s car that was destroyed during the ongoing war in the Jabal Sabr area of the southwestern city of Taez. —AFP
Yemen faces humanitarian crisis due to civil war
New fuel shortage hits YemenSANAA: A fuel shortage is deepening Yemen's humanitarian crisis, forcing drivers to wait for days in queues that stretch back from some petrol stations as far as the eye can see. The new shortage is just one of many problems causing suffering in the civil war being fought by the Iran-aligned Houthi movement and a Saudi-led coalition backed by the West. But its consequences are far-reaching. Fuel is needed not just for...
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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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LONDON: Britain's incoming Prime Minister Keir Starmer and his wife Victoria wave as they pose on the steps of 10 Downing Street on July 5, 2024. - AFP
‘Restless’ Starmer seeks ‘reset’, axes Rwanda scheme
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Row erupts over foreign scholarships
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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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Scholarship acceptance rates: By the numbers