Kuwait News



KUWAIT: Kuwait ranked first in the world with one billionaire for every 33,090 population, according to Global Finance, citing a report by the Ultrata Corporation, which monitors wealthy people, followed by San Francisco, with a billionaire for every 56,209 residents, and Hong Kong in third place with one billionaire per 59,516 inhabitants, reports Al-Rai daily. Based on its being an urban area (capital), Kuwait is considered the highest-ranked city in terms of billionaire density.

Ultrata revealed that the wealth of the world’s billionaires jumped in 2021 by 17.8 percent to a record $11.8 trillion, with an increase in the number of billionaires in the world by 3.3 percent to 3,311. The report pointed out that billionaires monopolize a high proportion of the volume of global wealth. Last year, they represented only 0.9 percent of the world’s high net worth, meaning those with a fortune of $30 million and above, but they monopolized 27.4 percent of the total wealth of that group.
Source: Arab Times

KUWAIT: The Central Bank of Kuwait has announced the completion of procedures for providing local banks with new Kuwaiti dinar notes in various denominations in order to meet the need of citizens and expatriates for new bills on the occasion of Eid Al-Adha, reports Al-Anba daily.
According to the Central Bank, those wishing to obtain new Kuwaiti dinar notes should should visit their banks during official working hours.
While greeting citizens and expatriates on this occasion, the Central Bank prayed that God continues to bless Kuwait, Yemen, all Arab and Islamic nations.

KUWAIT: The Assistant Undersecretary of the Ministry of Interior for Traffic and Operations Affairs Major General Jamal Al-Sayegh confirmed that the traffic sector, represented by the Licensing and Research Department, is working in cooperation and coordination with the Public Authority for Manpower to find radical solutions to the problem of home delivery workers violating the residence and labor laws by transferring their work permits formally and legally to the delivery companies, reports Al- Jarida daily.

Al-Sayegh added, in a press statement following his sponsorship of the awareness lecture for delivery workers about correct behaviors, which was held at the General Directorate of Civil Defense theater spoke of the necessity to follow traffic safety procedures by delivery drivers to preserve the safety and lives and property of others.

KUWAIT: A Filipino died after a hard object allegedly fell on him inside the Sabah Al-Ahmad Reserve in the Subbiya area, reports Al-Rai daily. The daily quoting security sources said the Filipino was working for an excavation company. The corpse of the victim has been referred to Forensics.

KUWAIT: A malfunction in the K-net company stamp devices caused delays in the authentication of visitors’ documents, says the Acting Assistant Minister of Foreign Affairs for Consular Affairs at the Ministry of Foreign Affairs, Counselor Mishaal Al-Mudhaf, reports Al- Qabas daily.

Al-Mudhaf explained in a press statement the company responsible for this service was contacted and that until all efforts to rectify the fault had been unsuccessful until the time of issuing the statement. He stressed that, in the interest of the administration to provide its services to the clients and not to delay their interests, it was agreed with the Ministry of Finance to work according to a mechanism that ensures the management of the auditors’ interests, which restores work in the certification centers to normal. Source: Arab Times

KUWAIT: Al-Ujairi Scientific Center announced that the first day of the month of Dhu al-Hijjah for this year will be Thursday, June 30, and that Saturday, July 9, is expected to be the first day of Eid Al- Adha, reports Al-Rai daily. The center said in a statement to Kuwait News Agency (KUNA) today, Tuesday, that Friday, July 8, will be the day of Standing on the Arafat, adding that the time for Eid prayer is at 5:10 am Kuwait local time. On this gracious occasion, Al-Ujairi Scientific Center offers its warmest congratulations and blessings to His Highness the Amir of the country, His Highness the Crown Prince and the honorable Kuwaiti people.

KUWAIT: The parliamentary Education, Culture and Guidance Affairs Committee on Tuesday discussed the decision of the National Bureau for Academic Accreditation at the Ministry of Higher Education to reduce the number of universities in Egypt and Jordan where Kuwaiti students could enroll.

Chairman of the committee MP Hamad Al-Matar disclosed that they also discussed the strategies for improving Kuwait University’s ranking in global educational indices with senior officials at the university. He affirmed his commitment to improve the quality of educational outputs; clarifying that when he decided to tackle the decision of the National Bureau for Academic Accreditation, he had no intention to include low-ranking universities to the list of academic institutions where Kuwaiti students could enroll.

He added the committee will meet with representatives of the bureau next Wednesday to deliberate on the issue and look into the bureau’s justifications for taking such a decision. He stressed the committee will not approve the enrollment of Kuwaiti students in suspicious universities, which condone cheating among students. He said the committee discussed the university’s ranking with Professors Yousef Al-Roumi, Asaad Al-Rashead and Murdi Al-Anzi — all of whom affirmed their willingness to cooperate with the panel.

He affirmed the educational output of Kuwait University is the best in the country; indicating that QS World University Rankings is not the only index which ranks the university as there are other indices like Shanghai and Times Higher Education. He disclosed the administration of the university presented seven initiatives for improving its rank; such as increasing the number of foreign students, evaluating the achievements of faculty members, unifying data for annual reports and upgrading the automated system. He also urged his colleagues to support the proposed KD10 million budget increase for scientific research in the university.

Meanwhile, MP Osama Al-Shaheen submitted a proposal to include those with disabilities to the beneficiaries of the KD3,000 incentive and KD20 pension increment every two years for retirees. He argued that Public Institution for Social Security Law No. 61/1976 authorizes the institution to grant incentives and exceptional salaries to deserving categories. In addition, National Assembly Speaker Marzouq Al- Ghanim traveled to Azerbaijan on Wednesday to attend the Parliamentary Network of Non-Aligned Movement Conference. The conference, which is under the patronage of President of Azerbaijan Ilham Alyev, will start on Thursday.

Al- Ghanim will deliver a speech on the role of parliaments to promote global peace and sustainable development. The delegation headed by Al-Ghanim includes Undersecretary of Inter-Parliamentary Union (IPU) MP Obaid Al- Wasmi, IPU Treasurer MP Salman Al-Azmi, MP Ahmad Al- Hamad and MP Mubarak Al-Ajmi. Deputy Speaker Ahmed Al-Shuhoumi, State Minister for National Assembly Affairs Muhammad Al-Rajhi and Secretary General of the Assembly Adel Al-Lugani sent off the delegation at the airport. Moreover, Al-Ghanim sent a cable to National Assembly Speaker of Seychelles Roger Mancienne to greet him on the National Day of his country. By Saeed Mahmoud Saleh Arab Times Staff
Source: Arab Times

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