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Kuwait News Update March 5, 2018

March 5, 2018

NEWS

Kuwait's bourse is competing with Saudi Arabia's to become the second in the six-nation Gulf Cooperation Council after the Dubai Financial Market PJSC to raise cash through an IPO. The nation expected inflows of hundreds of millions of dollars from investors after the FTSE upgrade, and while …

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The Interior Ministry of Kuwait has reintroduced a ban on recruitment of workers from Bangladesh after months from reopening in the country under certain conditions on Monday. The workers from Bangladesh could work in the country under certain rules, including having to work for an employer who …

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Kuwait's House of Representatives Affairs and Defense Committee unanimously approved on Sunday a draft law on amending the army's law as passed by the National Assembly and rejected a proposal to amend the law to equate Gulf and stateless military personnel with their Kuwaiti counterparts.

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LONDON, March 5 (Reuters) – London-listed SOCO International said on Monday it had ended merger talks with Kuwait Energy <IPO-KEC.L> after failing to agree terms. The company, which has assets in Vietnam, the Republic of Congo (Brazzaville) and Angola, had announced the talks on Jan.

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March 3, 2018 (KHARTOUM) – The Chief of General Staff of Kuwait Armed Forces, Lt Gen Mohammad Khaled Al-Kheder, said an agreement was reached to conduct joint military exercises with the Sudanese army in Khartoum during the coming period. He told the Khartoum-based Al-Akhbar newspaper …

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5 (BNA): Kuwait's Supreme Council for Planning and Development (SCPD)'s General Secretary Dr. Khaled Mahdi has dismissed media reports that the … He said that Law 7/2016 stipulated the expansion of CSPD authorities and organized development planning, Kuwait News Agency (KUNA) reported.

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KUWAIT, March 4 (KUNA) — Boursa Kuwait ended trading Sunday in the red zone with the price index shedding 40.36 points to stand at 6,767.54 points. The Weighted index went down by 0.57 points to read 413.85 points, as well as KSX 15 losing 0.89 points to read 956.44 points. The value of trades …

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More than 1,000 distressed workers from Kuwait are expected to arrive in the country as the repatriation program of the government continues, the Overseas Workers Welfare Administration (Owwa) said Monday. Owwa administrator Hans Leo Cacdac said thousands of workers were in a holding area in …

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The family of a 23-year-old man who died in a three-car crash said he was a “passionate” student who had travelled from Kuwait to study law at Cardiff University . Soultan Al Shammari died when his silver Corvette collided with a blue Ford Focus and a black Mercedes C220 travelling in the opposite …

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KUWAIT, March 4 (KUNA) — Secretary General of Kuwait's Supreme Council for Planning and Development Dr. Khaled Mahdi Sunday denied media reports SCPD has been annulled, but rather a law issued in 2016 expanded its authorities. Reports by media and social media means "about annulling of …

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