Kuwait Financial News

Muthoot Microfin has raised $38 million in external commercial borrowing from Union Bank of India (DIFC branch), Bank of Bahrain and Kuwait, Bank of India (DIFC branch, Dubai), Mega International Commercial Bank Co (Labuan Branch). The lender raised the fund with three years and three months maturity at 9.58% blended cost, benchmarked to a three-month term SOFR (Secured Overnight Financing Rate) with a margin of 2.85%.

Prime Minister Narendra Modi expressed his condolences following a tragic fire in a building housing laborers in Kuwait, which claimed the lives of over 40 people, including several Indians.

Kuwait’s ruling emir has named the small nation’s new crown prince, nearly six months after he took the throne

bhai essentially gave me the football sense and shaped me into the player I am today. I’ll always be thankful to him and Mumbai FC’s academy set up," Rane says. “I spoke to him after the final and he simply asked me to come join him at Jamshedpur FC (an ISL club where Jamil is currently the coach) next season," he says, laughing.

Also Read | Sunil Chhetri retires: Captain Fantastic gets emotional“All of them were very professional and hard-working. The competition is strong amongst them, especially in the positions of Jithin and Parthib," Stimac said in a press statement.“Parthib and Hammad suffered minor injuries a few days back and will need 7-14 days of rest," he added.

In 2018, Chad McGehee opened Side Hustle Brews and Spirits, an Abu Dhabi-branded brewery and distillery with funky camels on its cans and playful names familiar to anyone living in the United Arab Emirates

Virat Kohli is leading the charts of the Indian Premier League 2024 with 661 runs and still have one more league match to play on 18 May when RCB faces Chennai Super Kings at M Chinnaswamy Stadium in Bengaluru. With the game to be a decider, if RCB qualifies for the playoffs or not, Kohli met Mr Nags – a character played by TV presenter Danish Sait. The show is known to be a mix of puns, laughter, and cheeky comments.

Sunil Chhetri, India’s greatest ever player, had made public his retirement plans — the FIFA football World Cup qualification game against Kuwait on June 6 in Kolkata. That’s when we got head coach Igor Stimac on the call. “Sunil had mentioned this to me two months earlier. He had asked me to not say a word. I did not”, he said. So how does he react to it? “We need to make it memorable. Players like him don’t come too often”, said Stimac. Words that resonate with every Indian sports fan. Chhetri deserves it all and now the Kuwait game is much more than just a football match. It is also about giving a fitting farewell to the best India has seen and in doing so, making it memorable for him and his legion of fans. So how will we remember Sunil Chhetri? What’s his real legacy? And how does the team now get ready for the all-important Kuwait game?

Sunil Chhetri, the legendary player from Indian football who began playing for his country in 2005, formally announced his retirement from international football. He will play his final game for India on June 6th, at Kolkata, during the FIFA World Cup qualifier for 2026, against Kuwait. Chhetri, who is 39 years old and has the most appearances and goals for the Indian national team, is regarded as one of the best football players in the country. Chhetri is third among active players globally in terms of goals scored for his country, only behind Messi and the Cristiano Ronaldo.

Kuwait formed a new cabinet headed by Sheikh Ahmad Abdullah Al-Sabah, according to a royal decree issued Sunday.

Kuwait's Emir Sheikh Meshal al-Ahmad al-Sabah said in a televised speech on Friday that he has dissolved parliament. The Emir also suspended some of the constitutional articles for a period not exceeding four years during which all aspects of the democratic process will be studied.

Gulf Cooperation Council (GCC) has announced a new unified tourist visa called "GCC Grand Tours," allowing travelers to visit all six Gulf countries and stay for over 30 days. This initiative, unveiled by the United Arab Emirates Minister of Economy, Abdulla bin Touq Al Marri, at the Arabian Travel Mar ket (ATM), aims to boost tourism and make travel across the GCC region more convenient. The Gulf Cooperation Council, also called the Cooperation Council for the Arab States of the Gulf, includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The GCC Grand Tours visa is designed to attract a higher number of tourists by simplifying the process of visiting multiple countries in the region, similar to the European Union's Schengen visa. This new unified visa is expected to significantly contribute to the growth of the tourism sector in the Gulf and increase the number of hotel guests, ultimately establishing the region as a leading destination for regional and international tourists.

Strait of Hormuz is a narrow marine corridor situated between Oman and Iran and spans approximately 40 km at its most constricted section, providing 2 km of navigable waterways for vessels entering and exiting. India imports 85% of its crude oil requirements from Saudi Arabia, Iraq, and the UAE and LNG from Qatar.

Israel through Saturday night into Sunday. Emirates Airlines cancelled some of its fights, while Etihad Airways cancelled services to Tel Aviv and Amman on Sunday.

Live: Eid-al-Fitr 2024 moon sighting Highlights: India to celebrate Eid on April 11 except THESE places Whereas Kerala, Ladakh, and Jammu & Kashmir, witnessed the crescent on April 9, due to this these states celebrated Eid on April 10 together with the Muslims in Saudi Arabia, UAE, Oman, Qatar, Kuwait, Bahrain, Egypt, Turkey, Iran, USA, United Kingdom and other countries in the Middle East and West. Also Read | Eid-al-Fitr 2024: Wish your friends and family 'Eid Mubarak' with these quotes, WhatsApp messages Banks closed for 14 days across states; check the state-wise list of bank holidays in April.

United Nations, India on Friday abstained in the UN Human Rights Council on a resolution that called for an immediate ceasefire in Gaza and also demanded that Israel immediately lift its illegal blockade on the strip. The draft resolution on the 'Human rights situation in the Occupied Palestinian Territory, including East Jerusalem, and the obligation to ensure accountability and justice' was adopted by the Geneva-based Council with a vote of 28 in favour, 6 against and 13 abstentions. India abstained on the resolution, along with France, Japan, Netherlands, and Romania among others. Those voting against the resolution included Argentina, Bulgaria, Germany and the US.

Akasa Air has commenced its international operations with its inaugural overseas flight departing from Mumbai to Doha, Qatar. In a statement on Thursday, the airline said it has been granted traffic rights for three other international destinations — Kuwait, Jeddah, and Riyadh. Akasa will be rapidly expanding its global footprint in the coming months, the statement said. Further, the airline said with its conveniently timed flight schedule, travellers from other domestic cities such as Ahmedabad, Goa, Varanasi, Lucknow, Bengaluru, Kochi, and Delhi will also have multiple connecting options for travel to and from Doha via Mumbai.

The World Happiness Report 2024, a partnership of Gallup, the Oxford Wellbeing Research Centre, the UN Sustainable Development Solutions Network, and WHR’s Editorial Board, is out. Mint evaluates its metrics to explain why it may not be the final word on happiness. India is ranked 126 out of 143 nations surveyed.

Vinay Dube, Founder, MD & CEO, Akasa Air, says: “We are part of India's growth story. We can help underpin the economic growth as is required with strong transportation links. We are India's most on-time airline and so we have a real sort of approach to service excellence that we hope is not seen so far. For me, it is just excitement in the future and to top it all off, we are starting our first international flight and so we get to plant the orange Akasa flag in Doha, Qatar just in a few days and we have broken all records with it. We are the first airline to fly internationally within 19 months of launch when most others have taken about six years and that is the reason why I am so excited.” Dube further said: «Flight to Kuwait, Riyadh, Jeddah will come on the heels of Doha, perhaps later this summer. I cannot give you a definitive timeline because we are working with these foreign governments to get the appropriate approvals before we can launch it. But that is just the start. We will (eventually) fly to other parts of the Indian subcontinent, whether it is Bangladesh, Sri Lanka, Kathmandu, etc, or Southeast Asia, other parts of the Middle East.» What is happening in the Indian skies right now? There is competition. There is a news flow, a lot of issues we keep hearing about with regards to Boeing. We are going to address that in greater detail, but set the roadmap for us. Vinay Dube: For me, Indian aviation is growth, excitement and a future of connected cities.

Akasa Air is confident that deliveries of its ordered Boeing 737 MAX jets will be on time, its CEO said, despite concerns over the U.S. planemaker's production schedule for 737s amid intense scrutiny after a mid-air incident this year. India's newest airline in January announced an order for 150 Boeing 737s, as it bets big on its international operations. The order announcement came days after a mid-air cabin panel blowout on an Alaska Air flight. Though Akasa's order does not include the 737 Max 9 version which has been in the spotlight after the incident, broader internal company scrutiny and external investigations in the U.S. have raised worries that delivery timeline of other variants of Boeing's 737 jetliner programme could be hit.

For many years now, the Middle East has been the home to a growing sense of economic dynamism and an increasing appetite for the latest investment opportunity.