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Tag: Kuwait

Posted on August 18, 2020

What’s behind corruption and money laundering scandals plaguing Kuwait?

From involvement of Kuwaitis in 1MBD to domestic bribes, Kuwait has seen rise in graft The Malaysian fund scandal, otherwise known as 1Malaysian Development Berhad (1MBD) case, was one of the most …

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Posted on August 18, 2020

Fluor Joint Venture Achieves Final Provisional Turnover of the Facilities on Clean Fuels Megaproject in Kuwait

Fluor Corporation (NYSE: FLR) announced today that its joint venture with Daewoo Engineering & Construction and Hyundai Heavy Industries has successfully achieved final provisional turnover of the …

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Posted on August 18, 2020

Kuwait: Public draft bill turned down by parliament

Image Credit: File photo Kuwait City: The National Assembly’s finance and economic committee has rejected a public draft bill that would allow the government to borrow 20 billion Kuwaiti dinars …

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Posted on August 18, 2020

Kuwait’s anti-Israel rhetoric in spotlight after UAE deal

On the surface there’s no reason Kuwait, the kingdom at the end of the Persian Gulf, would be a leading critic of Israel. Not only does the Kingdom have no historical connection, either positive or …

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Posted on August 18, 2020

Kuwait taxi owners protest against one-passenger rule

Photos: Shoppers throng re-opened malls and shopping centres in Kuwait City Photos: Lockdown lifted in Kuwait’s Mahboula Photos: Biennial Kuwait Aviation Show kicks off with flypasts Gulf War …

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Posted on August 17, 2020

Kuwait: The Repercussions of the Expats Exodus on the Economy

A sudden drop in the number of expats living in Kuwait may have negative impacts on the country’s economy, the National Assembly’s human resources committee said. The reduction will diminish the …

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Posted on August 17, 2020

Nox, &ever set up Mideast’s first indoor vertical farm in Kuwait

Ever Middle East, a joint venture between Nox Management, a Kuwait-based investment firm with interests in the F&B sector across the Gulf region, and German firm &ever, has announced the opening of …

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Posted on August 16, 2020

Kuwait’s $65 Billion Debt Plan in Peril After Draft Law Rejected

The Kuwaiti parliament’s finance and economic panel turned down a draft bill that might have allowed the government to borrow at home and abroad just as liquid assets in the Treasury come close to …

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Posted on August 16, 2020

Utility Shamal Az-Zour Al-Oula makes debut on Boursa Kuwait

The company is the first power generation and water desalination company to be listed in Kuwait Shamal Az-Zour Al-Oula Power and Water Company made its market debut on Boursa Kuwait’s Premier Market …

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Posted on August 16, 2020

COVID-19: Kuwait records 508 new cases; tally at 76,205

Kuwait has recorded 508 new cases of the novel coronavirus over the past 24 hours, a drop of four cases against the tally announced the previous day, taking the country’s overall infections to 76,205, …

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