INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

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.