iPhone | iPad
Android
Huawei
As the internet's favourite couple prepares for their first child, they open up about parenthood, redefining their roles as partners in the public eye, 'mommy makeovers' and more...
KT APPDOWNLOAD
Kuwait bourse to close in event of war
KUWAIT CITY The Kuwait Stock Exchange (KSE), the Arab world's second largest bourse, will cease trading in the event of a US-led war on Iraq.
Ahmad al-Shaye, deputy director general for administrative and financial affairs, told the KUNA news agency that all trading "would be halted immediately" if a military strike were launched against Iraq.
The measure is to protect the interests of traders and investors, Shaye said, adding that the KSE had prepared a contingency plan in the event of regional war. Shaye said it was premature to specify how long the emirate's bourse would remain closed in such circumstances, and would depend on "political developments as well as the security conditions". An Emiri decree allows the KSE to stop trading in "extraordinary circumstances," Shaye said.
The market has been defying war fears and climbing almost daily, hitting new five-year highs. The index is currently up 11.1 per cent on the year, but economists have warned that the market is vulnerable to a war on Iraq.
War fears last year forced the index below the 2,000-point psychological barrier, but the market gradually recovered to end the year up 39 per cent on 2001.
More news from
Yunis Halim, who was born to Palestinian parents in Chicago, will represent Palestine's national baseball team at the Arab Classic in Dubai
This latest tap is an extension of the developer’s inaugural sukuk issuance of $300 million
Manhattan prosecutors said they were investigating additional violent sexual assaults allegedly committed by Weinstein after more women agreed to testify against him
Common queries highlight a broader need for clarity and understanding
The initiative aims to ensure comfort and enhance quality of life for these essential workers
The incident occurred when Diana Johnson spoke about the growing problem of theft and shoplifting, according to a government official
Values of tolerance, inclusivity, diversity I learnt in UAE have influenced me, says pageant winner