Category: Kuwait

I am standing in front of the main Gulf Bank building in Kuwait City and I can count 12 money truck parked in front of it. There are also a ton of security guards (probably the money truck drivers) all standing on the side of the building waiting. I can’t tell if they are moving money in our about to get ready to move money out but my uneducated guess is they are probably getting ready to move money to their branches around Kuwait. I took a picture which I will post here once I get back home.

update: Just added the picture to the post

I decided to stop by and check out some of the Gulf Bank branches yesterday; there was a long queue at every location. Customers almost caused a riot trying to withdraw their money. Gulf Bank were limiting the amount a person could withdraw, but the customers still managed to withdraw over 4 million KWD in cash from the bank!

The aftermath of this issue is going to result in some major overhauls at the Gulf Bank. For an explanation of what happened to Gulf Bank check out the article Gulf Bank of Kuwait Shipwrecked.

Posted by K.

I’ve heard from a number of people that a lot of Gulf Bank customers are trying to withdraw all their money from the bank in fears of losing it. The central bank already stepped in since morning and said it would guarantee the bank which means if you have your money with Gulf Bank its safe. DON’T PANIC and don’t spread rumors. Gulf Bank is not bankrupt, people are not going to lose their money and the bank won’t be closing down.

This is pretty freaky news…

KUWAIT, Oct 26 (Reuters) – Kuwait’s government will prepare an urgent bill to guarantee deposits at local banks after the central bank said on Sunday it was forced to step in to support Gulf Bank after it suffered losses.

The central bank said on the bourse website it had halted trading in the lender and would appoint a supervisor for several bank activities after some clients had refused to cover their losses from derivatives trading, leaving the bank to foot the costs.

[Link]

Update: Here are more articles [Link] [Link] [Link]

NBK customers don’t have to worry according to this article [Link]

FIFA has suspended Kuwait from all international matches and activities because of the government interference in the affairs of the football federation.

Contrary to the road map established by FIFA and the AFC, the Kuwaiti Public Authority for Youth and Sport has continued to interfere. Elections were held on 9 October in direct violation of the FIFA Executive Committee’s May 2007 decision to the contrary. As a consequence, the committee recommend to the FIFA Executive Committee that the Kuwait Football Association be suspended. [Link]

Kuwait’s federation were to have held their general assembly in September but delayed it for Ramadan but after no meeting took place Blatter said the Kuwaitis had been “definitively suspended” from international matches. [Link]

Thanks 7ussien

The new True Value location opened up today and I passed by to check it out. I didn’t like it, I actually hated it. The old True Value never really was that great but at least it felt cozy which now it lacks. The location of the new True Value is Al-Rai. If you’re on the 4th ring road and Lexus and Toyota are on your right hand side, keep going straight and take the right turn before Alghanim Electronics. Then, keep going straight until you see True Value on the left.

Back when I was taking pictures for my Miskan project I passed by the Kuwait Stock Exchange and ended up taking some cool pictures. Since the stock market is a popular topic at the moment I figured I would upload all the pictures I had taken that day so people can download them and use them. I’ve gotten a lot of emails from magazines and newspapers asking for the hi-res pictures so here they are all compressed into one zip file.

Download stock market pictures (4.8MB)

In return, please credit the blog if you end up using any of the photos.

The Kuwait Stock Exchange, the second largest in the Arab world tumbled at opening today. I don’t know what that will mean for us regular folks (more price increases at McDonalds?) but there are currently investors outside the stock exchange demonstrating. The 4th Ring Road blog are dramatically calling this the “KSE Bloodbath” and are currently tracking things and posting pictures of the demonstration, here is their [Link]

I have a feeling Virgin is going to end up closing down at Marina Mall. I don’t think they’ve been doing good for a long time and the only thing they really have left is their electronics and video games section. Today I was at Marina and noticed Alghanim was opening up right in front of Virgin. Alghanim sells both video games and electronics for cheaper so whats really left for Virgin?

After having lunch at Quiznos yesterday in Baitak Tower I found this cool place called The Nut Tree. Unlike regular nut shops in Kuwait The Nut Tree had flavored nuts like glazed, honey dipped and more. They even had some dipped in chocolate, I ended up getting dried banana dipped in chocolate and also hazelnut dipped in chocolate. Both were REALLY good. When I got back home I googled them and it turned out they’re a small British chain, you can check their website [Here]

Quiznos, the American franchise opened up recently at the Baitak Tower (weird name). I passed by for lunch and it was pretty good (I had “the traditional” sandwich). The staff seemed a bit lost and they have a serious ventilation problem but as long as you sit outside the store its not a problem. 7inch subs were around KD1, 12inch subs around KD1.600 and to upgrade to a combo (fries+coke) its 500fils. Baitak Tower is in Kuwait City, next to the ABK tower where KFH and Alghanim X-Cite are located.

This looks like its going to be a really cool hotel but its strange that they’re opening the first Missoni Hotels in Edinburg and Kuwait. I thought I had posted something about it before but can’t seem to find my post. This is the hotels launch movie which is beautifully done. [YouTube]

I just heard that the radio dj Latina Mina on the Super Station 99.7 was drunk on air. Supposedly there was a doctor on the program and she was hitting on him then when another radio dj told her she was embarrassing the radio station she replied by cussing on air. They then killed the broadcast. If anyone has a copy of the session we are offering money for the recording!! CASH!

Update: I just got the following in my email

You have to report about what just happened on 99.7. Mark, it was unbelievable. This latina DJ was soo drunk on air and was slurring throughout the whole show. Suddenly, a caller calls in, which is when the radio station "thinks" they were off air. The caller swears at the DJ, telling her shes making a fool of herself and that she’s a "drunk hoochie". What does this smart DJ say? Go fuck yourself, go fuck your father and your brother. This was all on air. about 15 minutes ago. the sad thing is, they thought they were off air during that since she came back on air closing the show and telling "all the haters out there" to get a life or somethin. Now, that was something you had to listen to. Wonder what will happen to her, AND 99.7!!

Local blogger Ansam sent me the following by email to share with everyone:

You are cordially invited to celebrate the Grand Opening of “FIVE60”

An introductory event for our new concept, an opportunity to tour our indoor showrooms and patio area, and a chance to get to know the main purpose of the group activities.

Thursday & Friday – October 16-17, 2008
From 12:00PM TO 10:00PM

The location is Al Rawda, Block 5, Street 60, House 4

Looking forward to seeing you
FIVE60 Group

I posted about Five60 back when they held the Charity Ghabga. The event above will contain many things including a display of furniture, photos, illustrations, food, clothes, and more.

Wok Master is a tiny Chinese take away and delivery place I found out about just 3 days back. I got an email from the owner of the place last week asking me to try it but I didn’t think it would interesting so I ignored him (yes I know, its not nice). The owner emailed me again and I replied the second time asking if the place had dine in. He replied saying no it didn’t so I replied apologizing telling him the only food I ordered delivery was either Papa Johns or Hardees. So the owner gave up and passed me the home delivery phone number and address in case I ever got interested. Thats when he grabbed my attention. Wok Master turned out to be just two streets away from where I live which made things interesting so I decided to give the place a shot.

Yesterday night I passed by and ordered sweet & sour chicken and plain fried rice. The place was easy to find and it looked very clean but I really wasn’t expecting much from the food. When I got home and opened the package I was caught by surprise. The sweet & sour chicken looked amazing. The sauce was a nice red color and looked pretty thick which is exactly how I like it. I quickly mixed my chicken with the rice and dug in and it was actually really good. I was so impressed I passed by and picked up dinner again tonight. This time I had the Manchurian chicken and plain fried rice while Nat decided to try their shrimp noodles. Well it looks like I am probably going to pass by again for dinner tomorrow evening and try something else since everything I’ve had so far I’ve liked.

I didn’t have any major issues with the place. Their menu is pretty ugly and has over a hundred dishes listed (where is Gordon Ramsey to see this). The packaging was ok, the rice and noodles came in those typical Chinese food packaging while the chicken plates came in the less impressive aluminum foil dishes. One thing i noticed tonight is that they charged me 950fils for the rice although in the menu it says it should be 750. Which brings me to their prices. They’re pretty decent, the sweet & sour chicken and the Manchurian chicken each cost KD1.950 while the shrimp noodles costs KD1.750. Overall I really like the place and I love how out of no where its suddenly became one of my favorite Chinese places in Kuwait. And its right next door! For the final score they’re going to get a 4 out of 5 from me.

To order from Wok Master call them on 5750081
They’re located right behind Kuwaitana restaurant on Baghdad street which is nearly right in front of La Baguette .