Business News

KUWAIT CITY - Kuwait’s private carrier Wataniya Airways on Sunday posted a loss of 37.8 million dollars in 2009 compared to a shortfall of just 5.4 million dollars the previous year.

Wataniya, which began travel operations a year ago, saw its assets rise to 275 million dollars last year compared to 269 million dollars in 2008, the company said in a statement posted on the Kuwait Stock Exchange website.

Its shareholders’ equity dropped from 219 million dollars in 2008 to 182.3 million dollars last year.

The airline, the oil-rich emirate’s first premium private carrier, operates four Airbus A-320 aircraft and is due to receive a fifth later this month. Two more will be delivered this year.

Kuwait already has a national carrier, Kuwait Airways, which is expected to be privatised soon. Jazeera Airways, a low-fare private airline, is also Kuwaiti.- Khaleej Times

KUWAIT, March 16 (KUNA) -- Kuwait Airways declared special fares on Tuesday for travelers to other Gulf countries, the Middle and Far East, the Indian sub-continent and Europe.

KUWAIT, March 14 (KUNA) -- The government of Kuwait approved a bill Sunday evening to changing the name of the Bank of Kuwait of the Middle East (BKME) into Al-Ahli United Bank.

KUWAIT, March 14 (KUNA) -- The Everst Real Estate Company announced here Sunday that it will, launch in cooperation with Rayah Group