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KUNA main news for Wednesday, August 23, 2017

KUNA main news for Wednesday, August 23, 2017

Local:

KUWAIT -- Kuwait Anti-Corruption Authority (NAZAHA) announces a senior official of the Ministry of Health is referred to Public Prosecution on counterfeiting charges. Issued at 15:17 p.m. (12:17 GMT).

KUWAIT -- Ministry of Education declares its central library adopts new e.searching system using optical technique for information and e.inventory to save time and efforts. Issued at 15:09 p.m. (12:09 GMT).

KUWAIT -- Old schools in Kuwait are no longer merely witnesses to an important era in modern history of Kuwaitis, they have become monuments of historical and sentimental value which are linked to renaissance of education. By Muneera Al-Rabi'aa. Issued at 09:48 a.m. (06:48 GMT).

Economic:

KUWAIT -- World Bank's (WB) Country Manager in Kuwait Firas Raad announces the late 2016 OPEC and major oil producers' agreement, aimed to cut the glut in the global oil production, has added strains on the Kuwaiti economy in 2017. However, he expects Kuwait's GDP to grow by 3% in coming two years thanks to efforts of Ministry of Commerce and Industry to improve business atmosphere. By Fawaz Karami. Issued at 11:54 a.m. (08:54 GMT).

KUWAIT -- Kuwait Financial Centre (Markaz) states that during H1-2017, GCC corporates posted a negative 1% growth compared to the same period last year. Saudi Arabia, Bahrain and Kuwait put up positive earnings performance growing by 7%, 6% and 2% respectively. Issued at 14:37 p.m. (11:37 GMT).


International:

CAIRO -- Egypt regrets US resolution to lower allotted funds part of annual American aid for the nation in 2017. Such a measure may lead to negative repercussions, affecting the two countries' common interests, the Egyptian Foreign Ministry cautions. Issued at 14:29 p.m. (11:29 GMT)

Editor on Duty: Riad Kaj, 14:00 - 19:30 (11:00 - 16:30 GMT) Tel: (00965) 22271840