INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Kuwait to tap parks, open spaces for investment

Kuwaiti Prime Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah chairs the cabinet meeting.
  • The Kuwaiti cabinet has also ordered the parks authority to allocate plots for organizing entertainment activities and events
  • These will happen in the agricultural areas of Al-Wafra in the south and Al-Abdali in the north

Kuwait is preparing to open its public parks and spaces at residential areas to investment, according to official sources.

The Kuwaiti cabinet in an extraordinary meeting has instructed the country’s Public Authority for Agricultural Affairs and Fish Resources or PAAFR to work out a plan in this regard, said the sources.

The cabinet is also said to have ordered the PAAFR to coordinate with relevant bodies to allocate plots of lands for organizing entertainment activities and events in certain areas.

These include the agricultural areas of Al-Wafra in the south and Al-Abdali in the north, Foreign Minister and Minister of State for Cabinet Affairs Sheikh Ahmad Nasser Al-Mohamad Al-Sabah was quoted as saying in a statement following the cabinet meeting.

Prime Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah chaired the cabinet meeting at the Sheikh Jaber Al-Abdullah Al-Sabah International Tennis Complex.

As part of the meeting, Sheikh Sabah and the ministers also toured the recently-inaugurated tennis complex.

Several officials of the Public Authority for Sports or PAS and the tennis complex briefed him on the different facilities and amenities of the complex.

They pointed out that the complex houses 18 tennis courts, two courts with the ability to host spectators and a world-class tennis academy.

They also informed the ministers about the other ongoing PAS projects.

PAS officials also deliver a presentation in front of the cabinet about the authority’s roadmap to make the best use of the youth clubs across the country to hone the skills of youth in a wide array of domains.