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Dubai’s Emirates will ‘go profitable’ during 2022-23

Meanwhile, six more airlines, including Abu Dhabi’s Etihad Airways, will implement the IATA Travel Pass

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Covid-19: Kuwait reports no deaths for the first time since early Feb

Kuwait’s Public Authority for Sport has said that football fans will not be allowed access to stadiums

Kuwaiti ruler makes unprecedented call for dialogue amid impasse

The initiative follows years of political tensions that have stymied efforts to diversify the country’s economy and promote foreign investment

KUWAIT-HEALTH-VIRUS

Majority of expats in Kuwait earn between $200- $400 per month – study

The Public Authority for Manpower urged for restricting work permit issuance for one year to ‘utilise skilled labour already in the country’

Kuwait says foreigners on commercial visit visas can switch to work permits

Thousands of expats have left Kuwait this year and have been unable to return to the country due to the pandemic

Kuwait’s expat population down by 56,000 in the first half of 2021 – report

The total number of expats in Kuwait stood at 3.154 million at the end of June

Kuwait Airways resumes direct flights to New York

Flights will be operated once a week between the two destinations

Kuwait resumes commercial flights with India

Kuwait’s aviation authority has confirmed that five flights will operate per day between the two countries

Kuwait’s KNPC refines its digital transformation with VMware

Deploys private cloud and hyperconverged infrastructure to boost agility and security

Kuwait to resume flights with six countries including India, Pakistan and Egypt

The latest decision comes following a decline in the number of new Covid-19 cases in Kuwait

Kuwait asks ministries to cut spending by 10% amid budget gap

The OPEC member posted record $36bn budget deficit in 2020

Kuwait masks

Kuwait considers reducing visa fee for residents aged over 60

The country had earlier banned the issuance of work permit renewals for expatriates aged 60 who do not hold university degrees

Kuwait names Al-Ghunaiman to head $700bn wealth fund

Al-Ghunaiman replaces Farouk Bastaki, who helped to propel the Kuwait Investment Authority to rank among the world’s biggest wealth funds

Kuwait posts record $36bn deficit on oil price drop, virus

Salaries and subsidies in the 2020-21 fiscal year accounted for 73 per cent of spending

Kuwait names new wealth fund board after three-month delay

The board always includes the finance and oil ministers, as well as the central bank governor and finance ministry undersecretary

Islamic Development Bank, Bloomberg LP launch financial education programme across 9 countries

Participating universities will be announced over the coming months

Kuwait: Fully vaccinated expats can return from Aug 1, need to undergo home quarantine

Kuwait residents with valid iqamas can return to the country provided they have received one of four approved vaccines

Kuwait removes most Covid-19 restrictions, resumes all commercial activities

Large gatherings continue to be banned, and those not vaccinated will have restricted entry in certain areas

Kuwait credit rating cut for second time in two years by S&P

The sovereign credit rating was cut one level to A+ from AA-

Kuwait opens first permanent LNG facility as it looks to boost gas imports

The Al Zour LNG terminal received its first cargo of gas, from Qatar, on Monday

Disney opens Middle East’s first shop-in-shops in UAE, Kuwait

An additional 26 locations are set to open across the region over the next four weeks

Kuwait to shut all clubs offering activities for children from July 25

The clubs have been closed as a precautionary measure to curb the spread of Covid-19

World’s oldest wealth fund swells to record and cracks the top 3

The Future Generations Fund, managed by Kuwait Investment Authority, has risen to a record of about $700bn

Kuwait to resume direct flights to 12 destinations, opens land and sea borders for vaccinated citizens

Flights to several European destinations as well as the US will resume from July 1

Only vaccinated individuals now allowed to enter malls, restaurants, gyms and salons in Kuwait

A person will need to show their vaccination status on the My Identity or Immunity mobile application

Kuwait’s $134bn pension fund has record gain in turnaround

The $134bn pension fund recorded 20.9 per cent growth in assets in the year ended March 31

Kuwait resumes flights to the UK following suspension in Jan

Kuwait Airways, Jazeera Airways and British Airways have been licenced to operate direct flights to and from London Heathrow airport

Kuwait

Kuwait hasn’t renewed wealth fund’s board since term expired

Its board is appointed by royal decree for a four-year term and members can be reappointed

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Covid-19: Indian variant detected in Kuwait – health ministry

No details were revealed about how many cases were detected and whether they were found among citizens or expats

Virgin Mobile Middle East and Africa

Virgin Mobile Middle East and Africa to eliminate single-use plastics in SIMs and recharge cards

It is aiming for its operations to become carbon neutral by the end of 2021