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Kuwait News Update May 7, 2018

May 7, 2018

NEWS

In recent weeks, the Philippines and Kuwait have found themselves at the center of an all-out diplomatic crisis. As a result, the fate of up to 260,000 Overseas Filipino Workers (OFWs) residing in the oil-rich wealthy nation is now in jeopardy. Kuwait has consistently been a top recipient of Philippine labor …

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Kuwait's Court of Cassation adjourned hearing into Parliament's storming case – a case in which about 67 Kuwaitis are being tried, including former and current deputies. The court was expected to issue its final ruling on a parliament storming lawsuit that has been pending for more than six years, but …

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Kuwait National Seismic Network (KNSN) recorded an earthquake measuring 3.0 on the Richter scale on Sunday. The quake … “Many people in Kuwait have felt the jolt”, KNSN said. … Last month, residents of Bahrain, Kuwait and Qatar felt tremors from an earthquake measuring 5.7 on the richter scale.

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Singer Adnan Sami has claimed that his staff members were mistreated and called "Indian dogs" at the Kuwait airport immigration. External Affairs Minister Sushma Swaraj took cognisance of the issue. Adnan, who was in Kuwait for a live performance, drew attention to the matter via tweets on Sunday.

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KUWAIT CITY, May 6 (Xinhua) — Kuwait is committed to renewable energy technologies, Kuwaiti Minister of Oil and Minister of Electricity and Water …

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May 7 (Reuters) – KUWAIT INVESTMENT COMPANY: * Q1 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 3.8 MILLION DINARS VERSUS 4.7 MILLION DINARS YEAR AGO. * Q1 TOTAL OPERATING REVENUE 8.7 MILLION DINARS VERSUS 8.6 MILLION DINARS YEAR AGO Source: …

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Manama: More than 75,000 flats in Kuwait are empty and need to be “absorbed” by the real estate market in four to five years, a study has warned. According to Kuwait Real-Estate Union secretary general Ahmad Al Dewaihees, there are currently 49,130 empty flats in Kuwait and 26,466 more under …

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Ministry assistant undersecretary for private education Abdul Mohsen Al-Howailah said the organisation would take “serious measures” against schools that prevent students from sitting for the tests, according to Kuwait Times. He said it would also punish those that collect unauthorised fees. The practice …

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This is according to Deloitte's latest report “Doing business guide – understanding Kuwait's tax position,” which finds that the country offers a series of potential benefits to foreign investors including income tax holidays up to 10 years, and exemptions from custom duties for importing relevant equipment …

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The Turkish Airlines Office in Kuwait, recently held the 7th Annual Travel Agencies Awards ceremony honoring the dedication them of their support and contribution to the growing demand for the national carrier of Turkey records an impressive growth of 45% in passenger traffic throughout 2017.

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WEB
Current News & Events

A Loan Agreement was signed today in Hanoi between the Socialist Republic of Vietnam and Kuwait Fund for Arab Economic Development whereby the Kuwait Fund extends a loan in the amount of KD4,000,000 /- (equivalent to about US$13.6 million) to assist in the financing of the Multipurpose …

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