Kuwait is set to award about KD14 billion ($47.2 billion) worth of projects this year, almost double the value of contracts awarded in 2014.
March 04, 2015 - 14:22 GMT
Last year, Kuwait had awarded KD7.3 billion ($25 billion) worth of contracts. It was almost four times as much as in 2013 and more than the last three years combined, stated MEED Projects in its report.
Experts believe that the application of 4.5G technologies will offer the public faster speeds, lower latency and better functionality than the best 4G technologies currently available.
March 04, 2015 - 12:12 GMT
The agreement marks one of the world’s first joint planning frameworks between a telecom operator and an ICT vendor to develop 4.5G services,
Ooredoo owns 92.1 per cent of Ooredoo Kuwait.
February 25, 2015 - 09:59 GMT
Ooredoo Kuwait, the country’s No.3 mobile operator by subscribers, blamed on Monday foreign exchange losses, investments in Algeria and restructuring costs in Tunisia for wiping out its fourth-quarter profit.
Shams has reportedly expressed her love for her hubby in an insulting way! (Image: Albawaba file)
February 22, 2015 - 11:12 GMT
Kuwaiti singer Shams must have really upset her hubby for him to block her on Whatsapp!
The bank’s statement added its board proposed a cash dividend of 15 per cent and a 10 per cent stock dividend for 2014.
February 12, 2015 - 20:56 GMT
Kuwait Finance House (KFH), the Gulf State’s largest sharia-compliant bank by assets, reported a 35.8 per cent jump in fourth-quarter net profit on Monday, according to Reuters calculations.
The report is based on average prices for each country, rather than specific cities.
February 12, 2015 - 18:06 GMT
Qatar, the UAE and Kuwait claimed the third, fourth and 10th rankings respectively in a cost of living index for the most expensive rents in the world, a report said.
Value of traded shares reached approximately KD 14.8 million.
February 12, 2015 - 14:07 GMT
-Kuwait Stock Exchange concludes week's trading on mixed boards
The plan will aim to bolster the State’s gross domestic product (GDP)
February 12, 2015 - 07:30 GMT
Kuwait plans to spend of more than KD34 billion ($116 billion) on projects in a new five-year development plan in spite of the recent slump in oil prices.
The lower court condemned the policeman, who can still challenge the ruling before the supreme court. (AFP/File)
February 12, 2015 - 05:00 GMT
The lower court condemned the policeman, who can still challenge the ruling before the supreme court.
Emerging Asian economies will benefit greatly from cheaper oil.
February 08, 2015 - 19:47 GMT
While the export revenues of GCC countries are significantly affected from the recent oil price slide, Kuwait and Qatar are the most fiscally resilient countries.
Shams stressed that she didn't insult Islam by wearing an abaya and that she's free to do as she pleases. (Image: Royal Times)
February 02, 2015 - 08:29 GMT
Controversial singer Shams made fun of ISIS on Live television, just before she decided to donate her organs Live on air!