The Central Bank of Kuwait (CBK) has announced a stimulus package aiming at supporting vital sectors, banks and Small and Medium Size Enterprise (SMEs) to resist adverse effects of the Coronavirus in the Gulf country. The measures announced Thursday include reduction in the liquidity and capital adequacy requirements for banks and cut in risk weighting […]
Kuwaitis have laid into a famous national actor after she asked authorities to flash out expats amid coronavirus-linked health crisis, Arabian Business reports. Hayat al-Fahad, an iconic top artist who starred in several Arabic dramas, caused a controversy Tuesday after she told local television that the Gulf country should prioritize citizens in efforts to contain […]
Iran, hard hit by covid-19, Wednesday said it has the capacity to supply neighboring countries with testing kits in the combat against the disease. Alireza Biglari, head of Iran’s local Pasteur Institute, told state-run News Agency molecular diagnostic kits produced locally have been approved by the World Health Organization (WHO). They have an accuracy of […]
A Turkish military aircraft has left today Wednesday from Ankara with medical aid for Italy and Spain, two worst hit European countries by the Covid-19 disease, Turkish state-run news agency Anadolu reports. Italy is the far affected country with 12,428 deaths and 15,729 recoveries out 105,792 overall cases. Spain on the other hand has over […]
Bahrain-based Gulf International Bank BSC has hired Deutsche Bank AG’s CEO Jamal Al Kishi to become the new CEO of the parent company, Gulf International Bank B.S.C, Bloomberg reports. Al Kishi will also become the deputy group CEO, GIB said in a statement seen by Bloomberg. Al Kishi has been Deutsche Bank AG […]
Oman’s Petroleum Development Oman (PDO) is contemplating a cut in staff working on its oil and gas projects in response to the spread of the coronavirus, Bloomberg reports. The cut is in plan and is in discussion with contractors, PDO reportedly said in an email. The company also said it will review its projects and […]
Iran has rejected claims by the family of Bob Levinson, a former FBI officer, that the operative has died in its prisons. Spokesman of the Iranian mission at the UN, Ali Reza Mir Yousefi, said in a statement Iran does not know the location of the FBI agent. “Iran has always declared that its officials […]
Turkey’s Boxing Federation has slammed the International Olympic Committee (IOC) after two of its athletes and head coach contracted Covid-19 during qualifying bouts for the 2020 Games in London. Athletes, Serhat Güler and trainer Seyfullah Dumlupınar, of Turkish boxing team were infected by the disease during the European qualifying tournament, Daily Sabah reports citing the […]
Iran, which had invited Doctors without Borders to send a team of doctors to help address the fast-spreading Covid-19, made a U-turn, fearing the doctors of the international humanitarian organization would be spies. Iranian officials rejected the offer of Doctors Without Borders (MSF) to build a hospital in Isfahan despite new documents that show […]
Kuwait’s banking association has decided to postpone repayment of loans and credit card facilitations for small and medium-sized companies (SMEs) to help address the consequences of the coronavirus pandemic, Middle East Monitor (MEMO) reports. The measure, which also includes interest, will only last for six months. The association has also postponed the repayment of credit […]