Category Archives: Technology

Kuwait eyes 15 pct solar-sourced power by 2030

KUWAIT, Kuwait plans to lessen its dependency on oil for power generation, ensuring 15 percent of its domestic needs come from renewables by 2030, in implementation of His Highness the Amir's diversification strategy, an oil ministry official said on

Abu Dhabi Crown Prince meets French Minister of Armed Forces

ABU DHABI, Abu Dhabi Crown Prince and Deputy Supreme Commander of UAE Armed Forces Sheikh Mohammad bin Zayed Al Nahyan received on Tuesday visiting French Minister of the Armed Forces Florence Parly.UAE news agency (WAM) said during the meeting,

Kuwait eyes 15 pct solar-sourced power by 2030

KUWAIT, Kuwait plans to lessen its dependency on oil for power generation, ensuring 15 percent of its domestic needs come from renewables by 2030, in implementation of His Highness the Amir's diversification strategy, an oil ministry official said on

CBK issues KD 200 mln worth of bonds and related tawarruq

KUWAIT, The Central Bank of Kuwait (CBK) announced Monday the most recent issues of CBK Bonds and related Tawarruq at a total value of KWD (200 millions (nearly USD 640 mln) for three months with Rate of Return of

USD 142 mln volume of trade between Kuwait and Denmark in 2017

KUWAIT, The volume of trade exchange between Kuwait and Denmark reached USD 142 million in 2017, said The Kuwait Chamber of Commerce and Industry (KCCI) on Monday. This came during Director of Foreign Relations Department of the Kuwait Chamber

Kuwait banking sector succeeded in confronting low oil prices – Al-Hashel

KUWAIT, Kuwaiti banking system succeeded in 2017 in confronting pressure caused by low oil prices period between 2014-16, Kuwait top banker said Monday, noting that Kuwaiti Dinar's appreciation vis-a-vis the US Dollar increased by 1.4 percent in 2017....

IMF chief discusses “economic challenges” in Iran with Rouhani

WASHINGTON, Managing Director of the International Monetary Fund (IMF) Christine Lagarde met Monday in New York with Iranian President Hassan Rouhani during which they discussed "economic challenges" in Iran.Lagarde said in a statement following the m...

Turkish Central Bank hosts OIC members’ meeting

ANKARA, The Central Bank of Turkey on Monday hosted a meeting of central banks and monetary institutions of the Organization of Islamic Cooperation's (OIC) members with the participation of Kuwait Central Bank Governor Dr. Mohammad Al-Hashel.The meeti...

His Highness Amir’s US visit helped expand ties – US Amb.

KUWAIT, The US Ambassador to Kuwait Lawrence Silverman said that His Highness the Amir of Kuwait's recent US visit helped expand ties to cover the areas of trade, investment, education and healthcare for the benefit of both nations.Not only

His Highness Amir condoles with Iranian Pres. on deadly military parade attack

KUWAIT, His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah on Saturday sent a cable to President of the Islamic Republic of Iran Hassan Rouhani, to express sincere condolences on the deadly assault on a military parade in the