imported 2024-03-17 17:43:07
The agreement will see Aegean Airlines begin direct flight service between Athens and Kuwait on the late evening of June 20th with a frequency of 2 flights per week.
HOT Engineering & Construction Co., a leading engineering construction company in Kuwait, has received an official Award Notification from Central Agency for Public Tenders, Kuwait for the Project SPA/189 “The General Department of Criminal Evidence Headquarters” in Kuwait.
According to the Equity Markets April 2017 Review by Kuwait Finance and Investment Company (KFIC), GCC equities, as indicated by the MSCI GCC IMI Index, fell by -1.2%. Abu Dhabi’s ADX General Index was the top performing regional index and Qatar’s QE Index was the worst performing.
“The Index is a relative comparison of different countries based on objective matrices and indices. With respect to Kuwait, when comparing the country to much larger markets like China and India, Kuwait is at a disadvantage given that it is a smaller market. Larger economies will have more interest as logistics destinations,” says Tarek Sultan, Vice Chairman and CEO of Agility.
“At the beginning of 2016, the management predicted that it would be a tough year. We knew it would be very difficult for us to achieve our targets. Our budget would have to be conservative. We have been watching the figures every month and every quarter, as well as the developments in the sector. 2016 was a very good year for us,” says Elham Mahfouz, CEO of Commercial Bank of Kuwait (CBK).
Kuwait Finance and Investment Company (KFIC), a well-established asset manager in Kuwait, announced its recognition for Bhavani Joshi for attaining the Certified Internal Auditor (CIA) certification from The Global Institute of Internal Auditors.
“The economy here is highly dependent on oil, oil production, and oil prices, and it has a high correlation with the energy markets. We expect the Kuwait economy to grow between 2.5 to 3 percent, this year. But, it must be examined in the overall international context. The world economy is expected to grow at around 3 to 4 percent,” says Faisal Hasan, Chief Business Development Officer and Head of Investment Research Department at KAMCO.
“55 years is a long time. So if you look at it from the beginning, we started with Arab countries and then moved on to non-Arab countries in Africa and Asia. You know what happened with the Arab Spring in different countries such as Syria, amongst others, where Kuwait Fund started with developmental aid, particularly in terms of building physical projects to enhance the economies of countries that we support,” says Abdulwahab Al-Bader, Director General of Kuwait Fund for Arab Economic Development.
“We first thought of launching a personal training centre after seeing that clients of local gyms did not receive the care needed to achieve their health and fitness goals. The market was filled with fitness misconceptions and we needed to attend to them,” says Abdullah Al Askari, Managing Director of C Club.
“I myself believe that the future is for people who have knowledge, skills, and the right attitude toward the workplace. If ACK can produce this kind of individual, we will be helping not only the young people who are coming to the college, but the country as well,” says Abdullah Al Sharhan, Chairman of Australian College of Kuwait (ACK).
