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Companies to be fined for holding passports of employees: minister

Friday, 13 August 2010 | Administrator

article thumbnailKUWAIT CITY, Aug 13: In an ongoing fight against people trafficking in human beings the Minister of Social Affairs and Labor Dr Mohammed Al-Afasi has issued decisions to regulate work in the private sector, reports Al-Seyassah...
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    KUWAIT CITY:  Hawally securitymen on Friday arrested two young Bedouns for the possession of 28 bottles of whisky that were ready for sale.
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Kuwait Finance House research report: Healthcare cost in GCC expected to reach $55bn in 2020 Print E-mail
Tuesday, 17 August 2010 11:32

Talal AlHanidi.In a report released by KFH Research Limited about the future status of the healthcare sector in the GCC, the experts expected the healthcare market to triple within the coming years to reach $55bn in 2020, indicating several factors will increase the demand of this market which is estimated now at $18bn.

The rapid growth in population rate and the increment of expenditure per capita in the GCC on healthcare is considered to be the most important factors.

The report indicates that the estimated value of healthcare projects in the coming future in GCC will reach $10bn.

The report highlights the limited role of the private sector in the GCC in this sector, as its contribution from the general expenditure will not exceed 25%.

The report briefed the important role of the private sector while the GCC governments won't be able to handle all healthcare expenditures alone in the coming years. The report details follow:


The Sector's Reality Worldwide


The global healthcare economy is growing faster than global GDP, with its share of world GDP rising to 9.7% in 2007 from 9.2% in 2000.

This represents a growth of more than 40% in the world's healthcare expenditure over the 5-year period, adjusted for inflation.

Healthcare sectors in emerging markets, in particular, are recording robust growth driven by rising costs, ageing populations, increased burden of diseases and antiquated healthcare systems, all of which are forcing fundamental changes in their healthcare systems.

Read more... [Kuwait Finance House research report: Healthcare cost in GCC expected to reach $55bn in 2020]
 
Jazeera Airways boosts network with launch of Kuwait-Lahore non-stop route Print E-mail
Tuesday, 13 April 2010 11:29

Jazeera Airways, the Middle East's regional carrier, today announced its further expansion into the regional market with the launch of non-stop flights to Lahore­­ - the airline's first destination in Pakistan.

Beginning from 12 May 2010, Guests can fly three times a week from Kuwait to the capital city known as the 'cultural heart of Pakistan' on Monday, Wednesday and Friday.

Jazeera Airways CEO, Stefan Pichler commented: "This is an important destination for us, specifically enabling those working away from home in Kuwait or the Middle East to travel home and visit family and friends. And Jazeera makes visiting loved ones that bit easier and more convenient due to the efficiency of our timings."



The launch of the Lahore destination comes as part of Jazeera's recent network expansion, which includes flights this summer to some of the region's most desirable holiday spots at the best value fares available in the market. These destinations include Antalya, Turkey's hill-top resort, Hurghada, Egypt's popular Red Sea diving and beach resort and the green oasis of Salalah in Oman.

Jazeera Airways currently operates a fleet of 11 new Airbus A320s. Each aircraft is fitted with the airline's signature leather seating, while the Jazeera Business Class cabin offers business travellers a little extra convenience including easy booking, special check-in counters, 40 kilograms baggage allowance, access to airport lounges and exclusive in-flight service and entertainment. The airline flies to destinations in the Middle East, North Africa, Turkey, Iran and Pakistan.
 

 
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