Kuwait – The appeal of gold accessories and jewelry is shrinking dramatically nowadays as the price of gold continues to soar and set new record highs, and some shops sustained such heavy losses recently that they had to close down, a number of jewelers told KUNA, Monday.
Jazeera Airways has launched new gift vouchers service, with the launch of this service, Jazeera Airways became the only airline in the Middle East to provide gift vouchers online. Benefits of purchasing an online voucher include email delivery of the voucher and the ability to directly redeem the voucher through Jazeera Airways call center and desks.
KUWAIT CITY, (KUNA): Kuwaiti economists asserted Thursday the importance of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s speech during the consultative committee meeting on plans for economic reform.
KUWAIT, (KUNA) — National Assembly Speaker Jasim Al-Kharafi said Monday that there was a need to face negative repercussions resulting from the world’s economic events that affect the nation’s economy. Al-Kharafi made the comment during an advisory committee meeting, aimed at discussing the issue held under the patronage and attendance of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.
Kuwait – The price of gold has hit a new record of KD 14,700 per KG on Kuwait market amid worries about US economy’s recovery and Eurzone debt crisis. Al-Zomoroda weekly report said the record price is a natural reflection of great jumps in price on a global scale.
KUWAIT: Contrary to earlier reports, it seems that shrimp-fishing will indeed resume in Kuwaiti waters, beginning from tomorrow. The announcement of the end to the shrimp-fishing ban from the Public Authority for Agricultural Affairs and Fish Resources (PAAAFR) is likely to please the public, as well as fishermen and staff at the fish market, with the latter suggesting on Saturday that the move would see shrimp prices fall by at least a quarter.
Kuwait – Some KD 72 million is spent annually on smoking in Kuwait, a host of health officials said here Sunday.
Kuwait – Resumption of operations in Wataniya Airways relies on its shareholders’ approval of adding KD 15 million to its capital, Chairman and CEO of the now out-of-business carrier Abdulsalam Al-Bahar said Wednesday.
Kuwait – Kuwait Municipality, helped by several other state bodies, is keen on granting new firms trade licences as soon as possible, given that Kuwait has been ranked 141st among 180 countries in view of the World Bank’s business performance report.
Kuwait – The Courtyard by Marriott Hotel Kuwait is set to launch Soul & Spice, a modern Indian restaurant that offers diners a unique and exclusive dining journey with Indian food that is presented in a new modern twist.
Dubai – 51% of Gulf residents across UAE, Saudi Arabia, Kuwait and Bahrain expressed a desire to start their own business, whilst 20 per cent and 14 per cent want to buy a house and spend on family respectively, a recent consumer survey conducted by Western Union revealed.
Kuwait – Wataniya Airways is offering a brand new range of exciting all-inclusive fares, including Premium Economy tickets to Istanbul, to Vienna, Beirut, to Cairo, to Dubai, to Sharm El Sheik to celebrate Kuwait’s 50 years of independence, its 20th year since liberation and the 5th anniversary of the ascendance of His Highness, The Amir Sheikh Sabah Ahmad Al-Jaber Al-Sabah, to the Leadership of the State of Kuwait.
Kuwait – Kuwait Finance House (KFH) announced the launching of a new bouquet of various banking services on iPhones, where clients can execute several free banking operations that include a detailed balance inquiry, wiring money among accounts, following credit cards transactions, and settling the credit card’s balance, through using the same user name and password used for KFH online.
Dubai – Prince Alwaleed bin Talal Al Saud, the Saudi banking and finance mogul, in 2010 topped the Arabian Business Rich List for the world’s 50 richest Arabs for the seventh consecutive year as overall wealth of the list’s entries jumped 18% to $245 billion.
Gold seems to be heading towards another all-time high. Last week, on Wednesday, the yellow metal touched $1392.81, its highest in almost two weeks, on fresh worries over Europe’s debt, especially Portugal.
Kuwait – Victoria’s Secret is set to unveil its first ever stand-alone stores in the Middle East. Owned and operated by Kuwait’s M.H. Alshaya Co, the store is scheduled to open on 30 November in Marina Mall in Kuwait.
Kuwait – Mr. Shafeeq Al-Omar, Director of Sales in Zain Kuwait, reopened Zain Branch in the arrivals hall in Kuwait International Airport to rejoin the working branches of the company but this time in a new look and feel, after the provisions and modifications applied by the company.
Kuwait – Bath & Body Works, the famous North American brand devoted to fragrance, arrives in Kuwait this week with the opening of two stores at The Avenues mall and Marina Mall on 9th and 10th of November respectively.
Kuwait – Kuwait’s Al-Fawares Holding, a major investor in Zain telecom, said on Tuesday it will sue Zain for opening its books for due diligence to an Emirati telecom company without seeing the purchase offer.
Zain, the leading mobile telecommunications company in Kuwait, announced launching special distinguished offers for its customers traveling to Saudi Arabia to perform pilgrimage this year. In a press release, the company stated that Zain Kuwait customers shall be able to make phone calls pursuant to the local charges in Saudi Arabia.
All those who are planning air travel in the next four months might have to shell out more for their tickets as high demand caused by strong financial markets, festive season and good economic growth are expected to push up air fares.
Kuwait – Gold sales in Kuwait have been in a slump since the world economic crisis broke out in mid 2008 with the prices going beyond the purchasing power of the majority of consumers. However, the prices keep going up and are poised to hit new record highs, Ibrahim Lari, a gold seller, said Wednesday as he looked desperately at customers going to other more booming businesses.
Kuwait: “Buyers and distributors prefer locally home-grown products to imported ones because of the products’ freshness and cheap prices. Locally produced items eliminate added costs such as transportation, levies, manpower and competition,” commented General Manager of Al-Barakah National Company.
Kuwait: Municipal Council (MC) member Mehalhal Al-Khaled has submitted a query asking if it was true that some food companies were secretly importing expired meat, chicken and deserts, reports Al-Seyassah daily.
Kuwait: Kuwait Finance House (KFH) announced that the Cars Department launched a marketing campaign in conjunction with a number of the most prestigious car agencies in Kuwait, where used cars and selected new cars were demonstrated in KFH’s car showroom in Farwaniya-Dajeej.
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