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Posted on November 24, 2020

Oil-rich Kuwait faces reckoning as debt crisis looms

When Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. But unlike …

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Posted on November 24, 2020

Oil-rich Kuwait faces reckoning as debt crisis looms

When Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. But unlike …

( read original story …)



Posted on November 24, 2020

Philippine embassy in Kuwait battles backlog of requests caused by COVID-19

He estimated the backlog at around 10,000 applications. In July, the Philippine embassy in Kuwait suspended its services for two weeks after one of its employees had tested positive for the …

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Posted on November 24, 2020

COVID-19 cases in GCC: 16 die in Saudi Arabia, six in Oman, 2 in Kuwait

Dubai: The total cases of COVID-19 in Kuwait, Saudi Arabia, Oman, Qatar and Bahrain has risen to 840,959 on Monday, and fatality tally has now touched 8,525. Kuwait Kuwait today announced the …

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Posted on November 24, 2020

Kuwait introduces new compulsory health insurance costing KD130

Dubai: Kuwait’s Health Insurance Hospitals Company (Dhaman) has announced it will be introducing a new KD 130 (Dh1.592) compulsory health insurance for two million residents working in the private …

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Posted on November 23, 2020

Saudi Telecom’s digital payments business plans Gulf expansion

The digital payments business of Saudi Arabia’s Saudi Telecom Company (STC), stc pay, is in talks with Gulf regulators to seek approval to operate in the United Arab Emirates, Kuwait and Bahrain, its …

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Posted on November 23, 2020

Saudi Telecom’s digital payments business plans Gulf expansion

The digital payments business of Saudi Arabia’s Saudi Telecom Company (STC), stc pay, is in talks with Gulf regulators to seek approval to operate in the United Arab Emirates, Kuwait and Bahrain, its …

( read original story …)



Posted on November 23, 2020

What next for two remaining Islamic banks?

The future seems uncertain for two remaining standalone foreign Islamic banks in the country — Kuwait Finance House (Malaysia) Bhd (KFHM) and Al Rajhi Banking & Investment Corp (Malaysia) Bhd (Al …

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Posted on November 23, 2020

Kuwait: Central bank requested to ‘lift secrecy’ of ex-diplomat’s accounts

Kuwait’s prosecutors have requested the country’s central bank to remove secrecy on local bank accounts of a former Kuwaiti ambassador, according to a media report. The public prosecution has written …

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Posted on November 22, 2020

COVID-19: Domestic workers can return to Kuwait starting December 10

After the government gave the green light for the return of domestic workers stranded abroad, the first return trips will begin on December 10, a source told Al Anba. The source mentioned that the …

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