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Wataniya Airways’ first flight to Dubai in Feb

Kuwaiti passengers travelling to Dubai can now avail of Wataniya Airways’ services. The carrier, which is Kuwait’s new full service luxury airline will provide two daily flights to Dubai, as its first destination from February 2009. This was announced during a press conference held at Kuwait’s Royal Terminal – the new luxury departure point for …

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Bahrain plans to raise guarantee on deposits

Bahrain is looking at raising the guarantee on bank deposits to a maximum of BD20,000 (Dh194,880) from BD15,000, said its central bank governor. « The governor of Bahrain central bank unveiled plans to raise the guarantee on bank deposits of commercial banks in Bahrain to BD20,000 from BD15,000, » said Rasheed Al Maraj. « The transactions of banks …

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Kuwait revamps policy tools to boost liquidity

Kuwait’s central bank revamped monetary policy tools yesterday by introducing new repurchase agreements as Gulf oil producers stepped up efforts to boost bank liquidity and bolster investor confidence. In the latest move by Gulf states to unthaw credit markets, Kuwait’s central bank yesterday announced it would offer repo agreements with maturities of one day and …

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Dubai Airport gets private aviation services centre

A new private aviation services centre at the Dubai International Airport will consolidate the importance of Dubai on the world travel map, said Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman of Emirates Group. He said the new centre will be a qualitative addition to the list of distinguished …

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