Kuwait’s project awards decline in July
By Majd Othman
KUWAIT: Kuwait recorded a 12.5 percent ($12 million) decline in the value of projects awarded in July 2022, as the value of total project awarded reached $84 million in the month.
By Majd Othman
KUWAIT: Kuwait recorded a 12.5 percent ($12 million) decline in the value of projects awarded in July 2022, as the value of total project awarded reached $84 million in the month.
WASHINGTON: Salespeople, food servers, postal workers — “Help Wanted” ads are proliferating across the United States, as companies struggle to deal with a worker shortage caused by the pandemic, a rash of early retirements and restrictive immigration laws.
By Majd Othman
KUWAIT: The Central Bank of Kuwait (CBK) raised the discount rate for the fifth time this year by about a quarter of a percentage point, from 2.5 to 2.75 percent, with the aim of maintaining the attractiveness of the dinar, expanding the margin between the domestic discount rate and the US interest from its narrowest level in a century, according to the latest banking data.
KUWAIT: National Investments Company (NIC) has announced receiving another recognition from World Finance Magazine, winning the title of Best Investment Banking Company in Kuwait 2022. This is a culmination of the Company’s efforts in providing financial advisory to clients.
TOKYO: Japan’s economy expanded in the three months to June, official data showed Monday, after the government lifted COVID-19 curbs on businesses.
KYIV: A UN-chartered ship carrying 23,000 tons of Ukrainian grain has set sail for Ethiopia, one of the five countries considered to be at highest risk of starvation.
STORD, Norway: At an industrial yard in southwestern Norway, decommissioned oil platforms are slowly being dismantled for a second life in the circular economy.
KUWAIT: Stock trading at the Kuwaiti stock exchange, now known as Boursa Kuwait, has been recently buoyed up by a set of factors, primarily international liquidity, bank profits and acquisitions, Kuwaiti economists opined.
By Majd Othman
KUWAIT: Central Bank of Kuwait Governor Basel Al-Haroon stated that the Central Bank has decided to raise the discount rate by a quarter percentage point from 2.50 percent to 2.75 percent as of August 11, 2022.
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