INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Kuwait limits work attendance to 50% amid Omicron surge

Fitch downgrades Kuwait to "AA-", with stable outlook.
  • Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth workflow
  • Conferences and meetings would shift back to video link, while public transport capacity should not exceed 50 percent

Kuwait’s cabinet on Monday ordered state bodies to slash staff attendance down to 50 percent in response to an s big surge in COVID-19 cases in the country, driven by the Omicron variant.

Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth workflow, the government’s communication centre cited spokesman Tareq Al Mezrem as saying. 

Under the measures  which come into force Wednesday,   conferences and meetings would shift back to video link, while public transport capacity should not exceed 50 percent. 

Similarly, sporting venues nationwide, in addition to gyms and salons, would only allow entry to those who have been fully vaccinated, added the spokesman. 

Kuwait has seen a sharp rise in COVID-19 cases since the Omicron variant took hold.