Latest news with #Kuwait
Zawya
an hour ago
- Business
- Zawya
Kuwait crude oil up $1.29 to $77.46 pb
KUWAIT -- The Kuwaiti crude oil price rose by USD 1.29 during Thursday's trading to reach USD 77.46 per barrel (pb),compared with USD 76.17 pb the day before, Kuwait Petroleum Corporation (KPC) said Friday. Brent futures also rose by USD 2.15 to USD 78.85 pb and West Texas Intermediate went up by USD 2.06 to USD 77.20 pb. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
Zawya
2 hours ago
- Business
- Zawya
Kuwait University, Saudi ETEC sign deal to enhance academic quality and accreditation
RIYADH, Saudi Arabia - Kuwait University (KU), represented by its College of Graduate Studies, signed a memorandum of understanding (MoU) on Wednesday with the Saudi Education and Training Evaluation Commission (ETEC), aimed at enhancing cooperation and exchanging expertise in key academic and quality assurance fields. Speaking on the sidelines of the signing ceremony, Acting Dean of the College of Graduate Studies Dr. Ahmad Al-Mikhyal said the MoU seeks to strengthen collaboration in areas such as quality assurance, academic accreditation, and the sharing of institutional knowledge. Dr. Al-Mikhyal noted that the agreement will facilitate joint efforts in the development of educational programs, benefiting from mutual experience in measurement, evaluation, and university admission testing. It also includes provisions for organizing joint workshops and training sessions. 'This cooperation represents a strategic opportunity to elevate the quality of education outcomes at Kuwait University,' he said, highlighting the role of ETEC's expertise in setting quality benchmarks and implementing rigorous evaluation and accreditation procedures. He praised the Saudi model in education and training quality, describing it as 'a global pioneer' that aligns with future demands and contributes to both institutional and academic excellence. The MoU marks a significant step toward fostering a competitive academic environment and achieving higher education standards in the region. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
Zawya
4 hours ago
- Business
- Zawya
Kuwait's cost of living up 2.25% compared to last year
KUWAIT CITY - The Central Statistical Administration (CSA) announced on Thursday that Kuwait's consumer price index (CPI) increased by 2.25 percent compared to May of last year. The inflation rate showed a monthly rise of 0.15 percent in May compared to April, according to the CSA. The data revealed that in April, the CPI had risen by 4.72 percent year-on-year. Breaking down the figures by category, the CPI for the cigarettes and tobacco group remained stable, while the clothing group saw a rise of 4.09 percent. Housing services prices increased by 0.74 percent, and home furnishings rose by 3.38 percent. The health sector recorded a 3.79 percent increase in prices. Conversely, transportation costs decreased by 1.05 percent compared to May 2024. The communications category experienced a modest price rise of 0.64 percent annually, while entertainment and culture prices increased by 1.92 percent. Education costs also rose by 0.87 percent. In April, prices for restaurants and hotels increased by 1.50 percent year-on-year, and miscellaneous goods and services rose by 4.9 percent. Excluding the food and beverages group, the overall inflation rate in Kuwait rose by 1.69 percent annually in May and by 0.08 percent compared to the previous month. Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
Gulf Business
5 hours ago
- Business
- Gulf Business
Islamic New Year 2025: GCC countries declare holidays
Image: Getty Images Governments across the Gulf region have announced public holidays to mark the Islamic New Year, giving residents in the UAE, Kuwait, and Oman extended weekends. The holiday marks the beginning of the Islamic lunar calendar year 1447 AH. Read-I In Dubai, the Government Human Resources Department (DGHR) has confirmed that Friday, June 27, 2025, will be an official public holiday for all government departments, entities, and institutions. According to a circular issued by DGHR, the holiday does not apply to employees working shifts or those involved in providing essential public services or managing vital infrastructure. These organisations may determine alternative work schedules based on operational requirements, Nationwide, the UAE Ministry of Human Resources and Emiratisation also announced that private sector employees will receive June 27 off as a paid holiday. This follows an earlier statement from the Federal Authority for Government Human Resources confirming the same date for federal employees, effectively creating a long weekend for much of the country. In Kuwait, the cabinet declared Thursday, June 26, as a public holiday on the occasion of the Islamic New Year. All ministries and state institutions will suspend operations, resuming work on Sunday, June 29. The decision was made during the Cabinet's regular session, chaired by His Highness the Prime Minister Sheikh Ahmad Abdullah Al Ahmad Al Sabah. The cabinet extended its congratulations to the Amir, the Crown Prince, and the people of Kuwait, as conveyed by A
Al Bawaba
7 hours ago
- Business
- Al Bawaba
DP World International League T20 and Kuwait Cricket Board enter strategic partnership for growth of the sport in Kuwait
The DP World International League T20 and the Kuwait Cricket Board have entered an exciting partnership for the growth of the sport in Kuwait. Through the partnership the DP World ILT20 will organise cricket matches in the country which will be aimed at identifying and developing the participating agreement between the Kuwait Cricket Board and DP World ILT20 was inked at a signing ceremony organised recently at the Dubai International Stadium. As per the agreement, a domestic event like the DP World ILT20 UAE Development Tournament, will be conducted annually in Kuwait to provide the players from Kuwait an opportunity to get selected by ILT20 franchises for the main DP World ILT20 event. In the coming years, the league will also aim to host DP World ILT2o matches in Kuwait. Chairman ILT20 and Vice-Chairman Emirates Cricket Board Khalid Al Zarooni: 'We are very proud to announce our collaboration with Kuwait Cricket Board as they join our league [DP World ILT20]. It is a great honour for us, and we look forward to many more such collaborations in the future. Kuwait is very important to us; it is a great country and keen on promoting and further developing cricket. 'Kuwait and the rest of the Gulf countries are all one, the [cricket playing] communities are residing throughout the region and our aim with the DP World ILT20 is to grow and develop the game in the entire region. Our endeavour is to provide maximum opportunities to the players and for the fans to join us at this great tournament which we are trying to grow more and more.'President Kuwait Cricket Haider Farman: 'I am honoured to formalise this agreement between Kuwait Cricket and the Emirates Cricket Board to further promote the DP World ILT20 — not only in our two nations but across the entire region. This partnership is a key pillar of the league's broader vision for the growth and globalisation of cricket. We firmly believe that cricket can serve as a powerful bridge between our countries, and we look forward to this collaboration bringing meaningful benefits to our players, coaches, and officials alike.'It is also a matter of great pride that Kuwait becomes the first country in the world to be officially recognized as a strategic partner of the DP World ILT20.'Cricket continues to grow in popularity in the State of Kuwait, with Kuwait Cricket making significant strides both on and off the field. This landmark collaboration with the Emirates Cricket Board and the ILT20 will play a critical role in helping us realize our long-term vision — to involve more Kuwaiti nationals in our cricketing ecosystem, especially as players and officials.'With the Asian Games scheduled to take place in Qatar in 2030 and Saudi Arabia in 2034, the timing couldn't be better. DP World ILT20 can be a transformative force in inspiring the next generation of local talent to embrace the sport across the GCC like never before.'CEO DP World ILT20 David White: 'I would like to congratulate Kuwait Cricket on their vision and foresight that has led to this exciting alliance. The DP World ILT2o's long term vision is to grow the game not only in the UAE but across the Gulf region.'This partnership provides a great opportunity for Kuwait Cricket and their young players to develop further. We have seen it in the DP World ILT20 how the young UAE players have benefited enormously through this incredible platform under some world-class coaching.'The UAE team recently won a T20I series against Bangladesh which is indeed a testament to the success of the DP World ILT20 as a lot of the UAE team members had received great exposure at the league in recent years, surely Kuwait and other countries in the region are going to benefit as well.'Director General Kuwait Cricket Sajid Ashraf: 'This momentous collaboration with the Emirates Cricket Board — a true leader in regional cricket development and the driving force behind the world-class DP World ILT20 — marks a historic milestone for Kuwait Cricket. It opens the door to a long-awaited dream: enabling our Kuwait players to pursue full-time professional cricket careers on the international franchise stage.'Just as importantly, it offers a powerful platform for corporate houses in Kuwait to connect with a vibrant, cricket-loving expatriate community of over two million people, within a total population of five million. This initiative provides a unique opportunity for Kuwaiti brands to expand their footprint regionally, starting with the UAE. We are deeply passionate about our Kuwaiti businesses becoming an integral part of both KCC and the DP World ILT20.'These well-established corporations in Kuwait have so much to offer in supporting the continued growth of cricket across the region, and their involvement will only strengthen the sport's ecosystem. This is undoubtedly a win-win for all stakeholders — players, sponsors, partners, fans, and the broader cricket community. We are excited about the ILT20 Development Tournament and eagerly await the first ball being delivered right here in the State of Kuwait.' Meanwhile, the DP World International League T20 Season 4 will begin on Tuesday, 2 December – UAE National Day (Eid-Al-Etihad) with the six-team, 34-match tournament set to conclude with the final on Sunday, 4 January 2026. © 2000 - 2025 Al Bawaba (
