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Kuwait News Update April 9, 2018

April 9, 2018

NEWS

It builds on Kuwait's previous 2030 goals, set in 2009, which included raising downstream capacity by 480,000 b/d to 1.4 million b/d with the completion of Al-Zour. Under the new plan, Kuwait's domestic refining capacity will represent 42% of the country's crude oil production capacity by 2040, up from …

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DUBAI, April 9 (Reuters) – National Bank of Kuwait , the Gulf Arab state's largest commercial lender, reported a 9.6 percent rise in first-quarter net profit on Monday. The bank made a net profit of 93.6 million dinars ($312.2 million) in the three months to March 31, compared to 85.4 million dinars a year …

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Dubai: The Saudi Arabian stock market remained in positive territory on Sunday after rebounding late last week from several days of profit-taking, while a pullback by two blue chips dragged down Abu Dhabi. The Saudi stock index closed up 0.2 percent. Food and beverage company Almarai added 3.5 …

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KUWAIT: Kuwaiti authorities said they have captured one of six Pakistani men accused of kidnapping and raping a 9-year-old Egyptian child, Al-Rai … Criminal investigation officers in the Khaitan, a suburb of Kuwait City, said they immediately launched investigations after the father of the child victim …

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KUWAIT CITY, April 8 (Xinhua) — Kuwait strongly condemned attacks on populated areas in Douma district in Syria, the Kuwaiti Foreign Ministry said on Sunday. Kuwait called the attacks "dangerous and systematic violations of international humanitarian law, human rights and relevant Security Council …

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The remittance tax bill that is being debated weighs the implications of introducing a remittance tax in Kuwait from a wider economic perspective, and has been discussed in a recently released research note entitled, 'Remittance Tax in Kuwait: Is it coming finally?', by Marmore MENA Intelligence, …

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KUWAIT: During allergy, dust and winter seasons, Kuwait's hospitals and health centers are overcrowded with children distressed with asthma attacks, carrying their sufferings between clinics and pharmacies. Asthma is one of the most common allergies in Kuwait, as statistics released by the Ministry of …

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It is undoubtedly saddening to learn of the plight of Joanna Demafelis, the 29-year-old Filipina overseas contract worker who was employed as a housemaid in Kuwait, and who was later killed by her employers—a Lebanese man and his Syrian wife. Demafelis' body was left in a freezer at her place of …

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Manama: Apartment residents in Kuwait who hang clothes out to dry face up to KD300 in fines under a new campaign launched by the municipal authorities. The campaign is in line with Article Four of the regulations governing hygiene, the authorities explained as the emergency team of the capital …

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“The ongoing slowdown in (overseas foreign worker) travel to Kuwait has made regular operations economically unsustainable, hence the need to suspend these flights to Kuwait until such time that market conditions on the route improve,” the airline said in a post on its Facebook page on Saturday.

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