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 Kuwaiti corporations

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updated Thu. January 18, 2018

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Kuwait, Jan 17 (KUNA) -- Commitment levels to a deal between OPEC and non-OPEC members to limit oil production reached 125 percent last ... has no intention to backtrack on the deal, saying that plummeting oil prices have no bearing on Kuwait Petroleum Corporation's (KPC) long-term projects.
Kuwait CITY, Jan 17: A number of companies that import and produce food items are requesting for the export of their products and for redirecting the imported food items that arrive in Kuwait to the markets of neighboring countries due to the delay in testing samples which result in the companies bearing huge losses, ...

Kuwait, Jan 18 (KUNA) -- The price of Kuwaiti crude oil was down 58 cents Wednesday, settling at USD 65.94 per barrel (pb), compared to last Tuesday's USD 66.52, Kuwait Petroleum Corporation said Thursday. Meanwhile, the Brent Blend was up 23 cents to USD 69.38 pb, and the West Texas ...
Kuwait: Kuwait yesterday welcomed spectators from the gulf region and beyond to its inaugural aviation spectacle. The first Kuwait Aviation ... The companies are looking for partnership with Kuwaiti companies, as we have very close relations and interests," he told the Kuwait Times. "British exports to ...
Kuwait: Horeca Kuwait 2018 successfully concluded its third and last day with a big ceremony where the cooking competition's winners were awarded. The ceremony was attended by executives of participating and sponsoring companies, as well as guests and other participants. This year's exhibition ...
Kuwait, Jan 17 (KUNA) -- The price of Kuwaiti crude oil was down eight cents Tuesday, settling at USD 66.52 per barrel (pb), compared to last Monday's USD 66.60, Kuwait Petroleum Corporation said Wednesday. Meanwhile, the Brent Blend was down USD 1.11 to USD 69.15 pb, and the West Texas ...
The Kuwait and gulf Link Transport Company (KGL) yesterday announced the signing of a $1.38 billion supply contract with the US' Pentagon. KGL Catering Company which is 99 per cent owned by KGL said in a statement that it will provide foodstuff and logistic services to the US Army in Kuwait, Iraq and ...
Well-informed sources expected that the bourse's privatization committee will meet Thursday to discuss the offers made by companies applying to Boursa Kuwait's assessment tender as declared by the capital markets Authority (CMA). The committee headed by Dr Faisal Al-Fahd, who succeeded Nayef ...
Kuwait: In the PechaKucha night curated by the Kuwait Institute for scientific research (KISR) themed "Conversations on conservation" to provoke thought and generate interest in energy efficiency, ALARGAN International Real Estate Company CEO and Vice Chairman of the Board of Directors, Khaled ...
Kuwait, Jan 3 (KUNA) -- The price of Kuwaiti crude oil was up 28 cents to USD 63.78 per barrel (pb) Tuesday, compared to last Friday's USD 63.50 pb, Kuwait Petroleum Corporation said Wednesday. At world markets, oil prices were down yesterday with the resumption of Libya's and UK's North Sea ...
Kuwait: The PPP Authority referred the documents of the Um Al-Haiman sewage water treatment project to the Audit Bureau for auditing, said ... The sources added that the project's documents will be reviewed by the Audit Bureau prior to establishing a shareholding company to build, operate and manage ...
The company even has the workers' passports, due to which they can't leave Kuwait even if they decide to forego the dues. With the expiry of their visas, they also have to pay a fine for overstaying. "If I have to return home, I will have to pay ₹75,000 as fine. Where will I get it from? And if police arrest me for ...
Kuwait CITY, Jan 1: The Court of Cassation ruled in favor of one of the Subsidiaries of Kuwait Oil Tankers Company (KOTC) in recovering $31.5 million from the ... 'End case legally': The head of the Kuwaiti cultural Office in Cairo, Dr. Ahmed Al-Mutairi said a lawsuit has been filed by some of the 105 Egyptian service ...
Kuwait CITY, Dec 26: Deputy Director of International marketing Department at Kuwait National petroleum corporation (KNPC) Sheikh Khalid ... adding that the shell company is one among the pioneering companies in this field with more than 40 years of experience and a distinguished place in the ...
State-owned Kuwait Petroleum Corporation (KPC) has signed a 15-year agreement to import liquefied natural gas (LNG) from Royal Dutch Shell, the world's largest trading company, to meet growing demands for energy in the Arabian gulf state. The Anglo-Dutch major, which has an existing four-year LNG ...

Kuwait: MP Safa Al-Hashem yesterday demanded in a draft law the scrapping of the newly-established company for the recruitment of maids from ... taxes on individuals and companies, especially since taxation has a unique system under capitalism and does not apply to the Kuwaiti constitutional system.
Kuwait's stock market has announced plans to segment into three in a bid to increase liquidity and improve the issuer's base. Boursa Kuwait said it ... companies in this segment are subject to annual reviews to prove its powerful performance throughout the year to be able to remain in the segment. Premier ...
July 10: Kuwaiti Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah held a joint meeting with US Secretary of State Rex Tillerson and British national ... September 6: Kuwait Petroleum Corporation (KPC) and US chemical Company (DOW) signed a memorandum of understanding in mutual ...
Kuwait: United Projects for aviation Services Company (UPAC), a leading commercial real estate and facilities management company, is pleased to announce the signing of a five-year KD 50.1 million loan facility agreement with two of Kuwait's leading commercial banks, gulf Bank Kuwait and Ahli Bank ...
Kuwait Petroleum Corp.'s sales purchasing agreement with Shell International Trading Middle East Ltd. will start in 2020, the companies said Sunday in an emailed statement. Shell has supplied Kuwait with LNG since 2010 and declined to disclose the volumes in the new contract. While KPC is working to ...
Kuwait: Lamborghini Kuwait, represented by Fouad Alghanim& Sons Automotive Company, organizes the first Lamborghini BullRun. The BullRun, organized by Lamborghini Kuwait, is a Lamborghini recognized event where Lamborghini owners are able to gather and enjoy a drive together in an official ...
Building upon this commitment, Boursa Kuwait has announced its action plan to promote Sustainability internally and among its listed issuers, and thereby ensure ... initiatives aimed at further enhancing transparency and disclosure of sustainability/ESG information among Boursa Kuwait listed companies.
Kuwait CITY, Dec 24: A number of Kuwaiti citizens expressed disappointment over reports concerning the high costs for hiring domestic workers through Dora Company. For example, the company intends to charge KD 990 for hiring a housemaid from Sri Lanka, reports Al- Anba daily. Former MP Kamel Al-Awadi said the ...
Kuwait: The supreme privatization council's advisory committee is currently considering setting a system to allow international companies to invest in Kuwait's educational sector. It aims to bring American, Chinese and Korean experiences to Kuwait using public-private- partnership (PPP) or build-operate ...
Kuwait -- Kuwait's Minister of Public Works Hussam Al-Roumi and the National Fund for Small and Medium Enterprise Development (SMEs) have co-signed a deal for a key cultural project in Salmiya area known as "Barayeh Salem." (Issued at 16:15 local time or 13:15 GMT). KUWAIT -- Chinese embassy ...
In Kuwait, some Christians observe Christmas through prayer services at various churches at midnight (the eve of Christmas), leading to the ... Christmas is not an official holiday in Kuwait, although some companies give the day off to Christian employees to celebrate with their loved ones, families, friends ...
State-owned Kuwait Petroleum Corporation (KPC) has signed a 15-year agreement to import liquefied natural gas (LNG) from Royal Dutch Shell, the world's largest trading company, to meet growing demands for energy in the Arabian gulf state. The Anglo-Dutch major, which has an existing four-year LNG ...
My company hired me as a Civil engineer from India on August 2013 on a government visa for a Government Project in Kuwait. This project was for 2 years and in 2015 August I was transferred to another private project with the same company. Now I am still continuing with the same private project in ...
Kuwait: MP Safa Al-Hashem yesterday demanded in a draft law the scrapping of the newly-established company for the recruitment of maids from ... taxes on individuals and companies, especially since taxation has a unique system under capitalism and does not apply to the Kuwaiti constitutional system.
The company sold its shares in major oil companies, and has been focused on gaining experience in deepwater exploration, which is much more difficult than its own kind. With its ageing North Sea oil and gas fields, it has to invest directly instead of collecting dividends and cash from its shares in the oil ...
Kuwait: MP Nasser Al-Dousery stressed that even though the parliament rejected his proposal to form a special committee to handle the affairs of ... some administrative disciplinary penalties on employees who had violated regulations set by Kuwait Petroleum Corporation (KPC) and its Subsidiaries.
Kuwait: Zain, the leading telecommunications company in Kuwait, awarded the winning teams of GulfRun's Karting Endurance Race as part of its ... and sports sectors, as well as part of its belief in the importance of encouraging the various initiatives that cater to Kuwaiti sports on local and regional levels.
Kuwait, Dec 23 (KUNA) -- The price of Kuwaiti crude oil was up 15 cents yesterday (Friday), settling at USD 61.51 per barrel (pb), compared to USD 61.36 pb the day before, Kuwait Petroleum Corporation (KPC) said Sarurday. The Brent Blend was also up 35 cents to USD 65.25 pb, while the Texas light ...
Around 200 Nepali migrant workers are stranded in Kuwait at present due to Kharafi National Company Kuwait -- a multinational construction firm -- facing management problems since the last few months. Along with other foreign workers, Nepali migrant workers are also facing problems due to this since ...
Kuwait: Zain, the leading telecommunications company in Kuwait, recently concluded the fourth edition of its Zain Great Idea accelerator program, where ... always been to support innovation and entrepreneurship in Kuwait by offering a healthy environment up to international standards for creative Kuwaiti ...
A huge debate is on these days in the Kuwaiti society over the high cost of recruiting a new domestic worker and the entry of a new government company in the labor market as a solution to control the problem of high fees for domestic labor recruitment. I believe that domestic labor is not a need or luxury ...
Kuwait, Dec 22 (KUNA) -- The price of Kuwaiti crude oil was up 54 cents yesterday (Thursday), settling at USD 61.35 per barrel (pb), compared to USD 60.82 pb the day before, Kuwait Petroleum Corporation (KPC) said Friday. The Brent Blend was also up by 34 cents to USD 64.90 pb, while the Texas ...
Action Hotels PLC (LON:AHCG) said it has received a US$1.2mln rent waiver from the owner of the ibis Salmiya Hotel in Kuwait for the last six months of 2017. The hotel is owned by Action Real Estate Co., a subsidiary of the group's major shareholder, Kuwait-based Action Group Holding Company.
US corporations, notably in the tech and pharmaceutical sectors, have for years accumulated profits offshore to avoid the comparatively high US tax rates of 35 percent, although most companies in reality pay much less. The stockpile of cash now stands at about $2.5 trillion, according to the congressional ...
Kuwait's stock market has announced plans to segment into three in a bid to increase liquidity and improve the issuer's base. Boursa Kuwait said it ... companies in this segment are subject to annual reviews to prove its powerful performance throughout the year to be able to remain in the segment. Premier ...
I remembered that when I was listening to an interview with Indra (Krishnamurthy) Nooyi, chairperson and CEO of Pepsico, the world's second largest food company, born in India in 1955. There are hundreds of Indians like her and better, especially in technology companies such as Apple, Oracle, Google, ...
In its November ruling, the Frankfurt court noted that Kuwait bans all of its citizens and companies from doing business with Israelis in accordance with a law enacted in 1964. The court stated that while it didn't evaluate whether the Kuwaiti law "makes sense," the airline would have risked repercussions that ...
Kuwait - The Chief Executive Officer of Kuwait National petroleum Company (KNPC) Eng Mohammed Ghazi Al-Mutairi has disclosed the intention of the company to float a project on clean energy in February, indicating that the company will announce the names of the qualifying companies next month.
Khartoum -- The Ministry of Transport, Bridges and Road engineer Makkawi Mohamed Awad has affirmed importance of developing all the units of the sector of transport, roads and bridges, particularly in the field of ships and Sudan Airways Company. In a meeting with the visiting Kuwaiti delegation of OGI ...
Kuwait: Kuwait Investment Authority (KIA) has paid around KD 115 million as 50 percent of the cost for the public shareholding company that was established to build hospitals for expatriates covered by the health insurance system. This amount represents citizens' share in the Dhaman Health insurance ...
New tax card further and business profit tax where Kuwait is looking to introduce the New Business Profit taxes. Based on our understanding, all Kuwaiti and foreign companies operating in Kuwait may be subject to 10 percent business profit tax under the proposed Business Profit Tax (BPT) law. The BPT ...
Kuwait's Ministry of finance has reportedly said it does not recognize bitcoin, and that financial institutions are banned from trading in the cryptocurrency. According to Arab Times, sources from the ministry explained that the central bank of Kuwait does not allow financial institutions, banks and affiliated companies to trade ...
But two small companies, Athersys Inc and Mesoblast Ltd, are beginning final stage trials in hundreds of patients that they - along with loyal investors ... The company plans to begin a 300-patient Phase III study of Multistem in early 2018, aiming for US and European approval after regulators agreed to ...


 

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