Tuesday , July 17 2018
Breaking News

Kuwait

Customs foils attempt to smuggle Ancient statue

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KUWAIT: Customs officers discovered what seems to be a 170-cm-long Ancient Egyptian statue hidden inside a couch shipped by air. The statue was sent to the National Council for Culture, Arts and Letters (NCCAL) and is being examined in order to determine whether it belongs to the pharaonic era or not. A customs officer said a citizen came to collect ... Read More »

Arab expat arrested for marijuana smuggling in Kuwait

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Kuwait: Customs officers at Kuwait International Airport arrested an Arab expatriate who tried to smuggle marijuana into the country by replacing cigarette packs with around 55 grams of marijuana and possessing sweets made with marijuana. According to security sources and Kuwait MOI news website, a custom officer suspected the Arab passenger who arrived from an European country where marijuana is ... Read More »

UAE, Kuwait most vulnerable for cyberattacks in the Gulf

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Dubai: The UAE and Kuwait are among the most vulnerable for cyberattacks among the Gulf Cooperation Council Council countries in the first quarter, according to a report by cybersecurity firm Trend Micro. Both these countries are rated first and second in ransomware and malware attacks, URL victims and URLs detected. The UAE accounted for 2.4 million of the 1.7 billion ... Read More »

Kuwait fund signs loan deal for Vietnam project

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A Kuwaiti fund has signed a loan agreement worth KD4 million ($13.6 million) for financing a development project in Vietnam. The Kuwait Fund for Arab Economic Development (KFAED) has agreed the deal to help finance the project for ethnic minorities in the Xin Man District of Vietnam. It was co-signed by Vietnamese Vice Minister of Finance, Tran Xuan Ha, and ... Read More »

Kuwait minister eyes support for economic reform program

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Kuwait’s finance minister is trying again to win swift parliamentary support for an economic and fiscal reform program, saying that a critical state fund would remain a “concern” even if oil prices were to jump to $100 a barrel. The General Reserve Fund, where all revenue is deposited, “is under pressure due to growing budget expenditure and a low oil-price ... Read More »

UAE, Saudi Arabia and Kuwait said to plan OPEC talks

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Energy ministers from Saudi Arabia, the UAE and Kuwait plan to meet on Saturday to discuss OPEC matters, about a week after the Saudis and Russia announced a new policy to revive oil production. Saudi Energy Minister Khalid Al-Falih will meet with Kuwait’s Bakheet Al-Rashidi and the UAE’s Suhail Al Mazrouei – also the holder of OPEC’s rotating presidency – ... Read More »

Kuwaiti Investor plans $58 million Project in Basra

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A Kuwaiti businessman is reportedly planning to grow 100,000 date palms and build a nature reserve complete with ostriches and deer in southern Badia, 150 km from the city of Basra. According to Reuters, Abdul-Aziz al-Babtain is investing $58 million in the project, which will see the palms grown over the next five to six years. Read More »

Kuwait oil companies sign MoU to prevent smuggling of oil derivatives

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KUWAIT CITY : This came after a remarkable increase in the prices of oil derivatives in neighboring countries compared to Kuwait; hence, the smuggling of oil derivatives has become rampant. Sources clarified the MoU is an implementation of the mechanism for exporting oil derivates agreed previously as follows:1. If KNPC did not produce the shipment for export, the director of ... Read More »

Kuwait cultural office in US ‘warns’ students about fraud calls, messages

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WASHINGTON, May 17, (KUNA): Kuwait’s cultural office in Washington DC called Wednesday on Kuwaiti students to be cautious when receiving false telephone calls, e-mails, or internet messages from fraudsters who claim to provide services for a fee. “We call upon students to be careful about receiving telephone calls or e-mails through WhatsApp application, where the senders claim that they are ... Read More »

Kuwait to postpone VAT implementation to 2021

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Dubai: Kuwait will not implement value-added tax (VAT) before 2021 but will push ahead with introducing excise tax, parliament’s budget committee said in a statement posted on the assembly’s website on Tuesday. “The committee said implementation of value-added tax in Kuwait will be postponed until 2021, and that the finance ministry saw the need to expedite measures for excise tax ... Read More »

KFH signs coop agreement with ‘Agrivage’ to empower youth

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KUWAIT: Kuwait Finance House (KFH), has signed a cooperation agreement with ‘Agrivage’; a startup business created by a group of Kuwaiti students, with the purpose of preserving the environment by recycling food waste and converting it into usable rich soil. This comes as part of KFH social responsibility and commitment towards the youth initiatives and the environment. ‘Agrivage’ won coveted ... Read More »

Philippines and Kuwait sign agreement on workers’ rights

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A bitter dispute between Kuwait and the Philippines over the treatment of domestic workers is set to end with the signing of a new agreement. Philippine President Rodrigo Duterte had banned workers travelling to Kuwait amid allegations of abuse. Public outrage followed the murder of a young maid whose body was found in a Kuwaiti apartment freezer in February. The ... Read More »

Passenger tried to smuggle 10,000 drug pills through airport

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KUWAIT: An Arab man was arrested with possession of 3.5 kilograms of drugs he tried to smuggle through Kuwait International Airport yesterday. The man was apprehended based on information that airport detectives received about an Arab passenger carrying a large amount of drug pills, who was on a plane that was on its way to Kuwait. The suspect was placed ... Read More »

Policeman arrested under the influence of drugs

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KUWAIT: A policeman was arrested for being under the influence of drugs, and hashish was found on him. A patrol pulled the car he was driving and policemen became suspicious as he seemed nervous, so he was searched and the drugs found. Muggings mystery resolved Criminal detectives solved the mystery of eight muggings against expatriates by a female citizen and ... Read More »

Kuwaiti crown prince leaves U.S. following medical tests

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KUWAIT CITY: Kuwait’s Crown Prince Sheikh Nawaf al-Ahmad al-Sabah left the United States following medical tests on Friday, state news agency KUNA reported. The crown prince went to New York for “routine” medical check-ups 10 days ago, KUNA reported. He also went to the United States for medical check-ups last August. Sheikh Nawaf, 80-year-old brother of the small Gulf Arab ... Read More »

Kuwait Energy starts producing gas in southern Iraq

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KUWAIT CITY: Kuwait Energy PLC started producing natural gas from Siba on Wednesday, the first gas field to be brought on stream in the south of Iraq, an Iraqi oil executive told Reuters. Siba began producing gas at an initial rate of 25 million cubic feet a day (mcf/d), which should rise gradually to 100 mcf/d by the end of ... Read More »

Oman to participate in Kuwait furniture expo

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KUWAIT CITY: The Sultanate of Oman will take part in the International Furniture and Decoration Expo (Style Home) in Kuwait, which opens on Wednesday. The Sultanate will be represented by the Public Establishment for Industrial Estates (PEIE). The Sultanate’s participation is in line with its keenness to promote Omani products locally and internationally. The exhibition aims at introducing import, export ... Read More »

Kuwait arrests 2 Filipinos accused of helping runaway maids

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KUWAIT CITY:  Kuwaiti police arrested two Filipinos for allegedly convincing housemaids to run away from their employers’ homes as the Philippines’ ambassador faced questions for comments about his embassy’s work in aiding abused workers, authorities said Sunday. The arrests, reported by the state-run KUNA news agency, come as relations are tense between Kuwait and the Philippines, which sends many domestic ... Read More »

Kuwait goes through motions with latest budget

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KUWAIT CITY: Kuwait’s budget for fiscal year 2018-19 has no room for surprises. There was a projected deficit for a fourth year in a row and following 15 years of surpluses. The traditional practice of underestimating revenues and overestimating expenditures continues. Kuwait, unlike other Gulf states, runs its fiscal year from April to March. The authorities tend to release a ... Read More »

Kuwait provisionally extends $4 bln deposit maturity for Egypt

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KUWAIT CITY: The governor of the Central Bank of Egypt (CBE) Tarek Amer said on Sunday that Kuwait has provisionally agreed to extend a $4 billion deposit maturity for Egypt. Amer affirmed that Egypt is committed to paying its foreign debts and financial commitments on time and without any delay. Speaking at the Arab Banking Conference in Cairo, Amer stressed ... Read More »