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Pakistan, Kuwait Fund ink $15mn supplementary loan agreement

ISLAMABAD: Pakistan and the Kuwait Fund have signed Supplementary Loan Agreement of Kuwaiti Dinar 4.5 million (equivalent to US$ 15 million) for financing Golen Gol Hydropower Project. The State of Kuwait has already been co-financing this Project with an amount of K.D 11.00 million (equivalent to US$ 37 Million). The document was signed by Ghanem Sulaiman Al-Ghenaiman, Deputy Director General, Kuwait Fund for Arab Economic Development (KFAED) and Secretary, Economic Affairs Division, Syed Ghazanfar Abbas Jilani. The…

Kuwait imposes heavy fines on hanging laundry in balconies

KUWAIT: The government in Kuwait City has issued a new order prohibiting its citizens to dry clothes by hanging them on their balconies. This initiative has been taken to maintain the city’s aesthetical beauty, reported by the Arab Times on Monday. The Capital’s Law enforcement has established an Emergency team which has started an inspection campaign to warn the residents of Apartments not to violate the newly imposed law the report said. Appointed head of the Emergency team, Zeid Al-Enezi, said that the team has put…

Saudi, allies snub Qatar at crisis-hit Gulf summit

KUWAIT CITY: Regional powerhouse Saudi Arabia snubbed its former ally Qatar at the annual summit on Tuesday of Gulf monarchies as King Salman stayed away despite the presence of the Qatari emir. The crisis-hit Gulf Cooperation Council summit was going ahead in Kuwait City despite uncertainty over which leaders from among Riyadh and its allies would in the end join their Qatari rival for the talks. The future of the six-nation GCC -- formed 36 years ago to bring together energy-rich Gulf Arab states -- appeared to be…