Search: “kuwait”

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

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]

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]

Just found this interesting photoset on Flickr which contains photographs that were taken in Kuwait around 1950. All the pictures were scanned by David C. Foster from the photograph album of Francis Hadden Andrus. The picture above is of Yousef Ahmad Al-Ghanim on the left and Tom G. Mohney on the right. [Pictures]

Update: In case you missed it the shot below was featured on SomeContrast.com awhile back. Its a picture that dates back to 1956 and is of the first Porsche in Kuwait. The owner Murad Behbahani is sitting behind the wheel, and his brothers Mohammed and Redha Behbahani next to him. In a way it’s kinda similar to the shot above. [Link]

Falantan a blogger that works at a local internet provider just posted that today they received an order from one of the department heads at the Ministry of Communication asking them to block Youtube.com. I hope this isn’t true since if they block YouTube they might as well just go all the way and block the Internet completely.

You can find more info on Falantan’s blog. [Link]

[YouTube]

The video says this fire happened three days ago (16/9/08) but I haven’t heard anything about it. Here is another video showing the plane more clearly.

[YouTube]

I passed by the Kuwait Regency Palace today and managed to take some pictures of the construction thats taking place there. Many of you might remember Kuwait Regency from before the Gulf War, it was one of the best hotels in Kuwait and most school graduation ceremonies used to be held there, I’ve had two graduations there personally. They were also known for their incredible indoor tennis courts and during the Iraqi invasion the hostages from the British Airways flight 149 were even held captive at the Kuwait Regency. Well the place is getting a huge makeover and as you can see from the picture above the tennis courts are currently being used as offices. The hotel should be soft launching by the end of the year with the proper launch by early next year. I took some more pictures which you can see by clicking on continue below.

I think its really great that the place is getting a renovation instead of being completely demolished and rebuilt. I also love the way the name has progressed in time, when it first launched it used to be part of the Hyatt group of hotels and it was called Hyatt Regency, it then became Kuwait Regency and now with the relaunch it will become just The Regency. Sadly the indoor tennis courts will no longer exist once the renovation is completed.

Back in March I posted about how the blog was mentioned in the Brownbook Urban Guide Kuwait edition and since then I’ve been trying to get my hands on a copy of the book. I couldn’t find it in Kuwait and when I was in Lebanon a month ago I only found a box set that included a whole bunch of guides from around the region but I didn’t want to pony up $60 just so that I could check myself out. Finally a few days ago a friend of mine got me a copy of the Kuwait edition which she found by chance in another bookstore in Lebanon. The guide is pretty cool featuring most of the trendy places in Kuwait and a few other interesting places to visit. I need to buy a few of these guides and give them away to some friends (not cuz I am in it but because it makes Kuwait look cool) but I couldn’t find one copy yet a few!

I just got an SMS from the KTM dealer TriStar that the new RC8 is now on display in their showroom. I am not sure what color they have displayed but white is my favorite on it.

Update: It looks like Marzouq bought it!

Update2: The Adrenaline Fix has a picture of the RC8 in the showroom [Link]

The other day I posted a picture of what some guys in the States did with a Krispy Kreme donut. They took an original glazed donut and stuffed it with a cheese burger and although it looked a bit gross I imagine it probably tasted pretty good. Well some blog readers decided to try it out for themselves and went to Marina Mall and created their very own Krispy Kreme Cheeseburger. They’ve posted some pictures of the burger in the forum and even a video of it being eaten. This is something I’ve got to try.

Pictures of the donut cheeseburger
Video of the donut cheeseburger being eaten

An anonymous reader emailed me a link to this article. It seems its confirmed, Kuwait is going with Dodge Chargers which is something everyone thought would happen since the alternatives weren’t as practical. [Link]

A friend of mine just got his Lexus IS F. He had to import it from the States since the local dealer isn’t getting them. The car would sell like hotcakes if they did so its strange why they aren’t getting it.