Kuwait

07 July 2020; MEMO: A number of Kuwaiti banks have warned of millions of dollars in losses due to delays of repayments of loans amidst the outbreak of the coronavirus which is threatening the country’s economy, RT reported yesterday.

Kuwaiti National Bank, the largest bank in the country, said: “The total losses due to delayed instalments by customers, housing and credit card repayments are expected to hit 130 million dinars [$422.5 million].”

03 July 2020; MEMO: Production has resumed at the Al-Khafji joint oil field located in the neutral zone between Kuwait and Saudi Arabia, the acting CEO of the Kuwait Gulf Oil Company said Thursday, Anadolu reports.

Output at the field had been suspended since June 1 according to a decision by the Khafji Operations Joint Executive Committee, Abdullah Al-Sumaiti said in a press release.

KUWAIT CITY, June 30 (Xinhua) -- Kuwait will fully resume commercial flights at Kuwait International Airport on August 1, 2021, the Kuwaiti civil aviation administration said Tuesday.

Kuwait's Directorate-General for Civil Aviation announced on Tuesday the details of the operational plan for the return of commercial flights at Kuwait International Airport.

On March 13, Kuwait suspended all commercial flights as part of the efforts to curb the rapid rise of coronavirus cases.

29 June 2020; MEMO: Kuwait’s minister of finance yesterday discussed economic reforms which include the gradual cutting of subsidies for citizens within the framework of measures to rescue public finances which have been hard hit by the coronavirus and a global drop in oil prices.

22 June 2020; MEMO: More than 92,000 expatriates left Kuwait in April, May and June through Kuwait International Airport, the Director of Operations at the Directorate General of Civil Aviation (DGCA) at Kuwait International Airport, Mansour Al-Hashimi, said.

Al-Hashimi said the expats included residents as well as violators of residency regulations who left aboard 600 flights.

18 June 2020; MEMO: A key partner in a high-profile corruption case in Kuwait, which involves the son of a former senior official, is one of the founding owners of a New York-based investment company that runs portfolios and investment funds, local media has reported.

11 June 2020; MEMO: Kuwait’s Minister of Oil and acting Minister of Electricity and Water, Dr. Khaled Al Fadil announced yesterday that the Gulf state will no longer hire expatriate workers in state-owned Kuwait Petroleum Corporation (KPC) and its subsidiaries for the year 2020-21.

The minister also announced, during a parliamentary session held to discuss the repercussions of the coronavirus pandemic, that the number of special contracts awarded to expats will be reduced.

Kuwait City; 09 June 2020 (UMMN): A powerful parliamentarian in Kuwait has called for probing “Hindu doctors and nurses” to check if they are killing Arab Muslims by wrong medication.

In a tweet, Member of Kuwaiti National Assembly Mohammad Haif Al Mutairi urged his country’s Health Minister to immediately halt all health services-related contracts with India.

05 June 2020; MEMO: Kuwait’s Cabinet has agreed to cut government budgets by at least 20 per cent during the 2020-2021  fiscal year, it announced in a tweet yesterday.

According to the announcement, the cabinet ordered the ministry of finance to coordinate with all governmental departments to review public services and the value of government subsidies.

KUWAIT, June 2 (NNN-KUNA) – The Kuwaiti government announced that, businesses, including banks, can start their activities as part of the country’s phased plan to reopen the economy.

The government assigned the Central Agency for Information Technology to establish a platform where citizens and residents can make appointment, before going to any government institutions, in order to facilitate social distancing and curb the spread of the virus, said Tareq Al-Mezrem, the government spokesman.