Airline
Kuwait Airways a step closer to public share sale
March 6- Kuwait’s largely unprofitable airline, Kuwait Airways, is getting closer to being closed as the Kuwait Investment Authority has set up a company to hold its assets, said the airline Chairman Hamad Al Falah. The company has one done to complete the privatisation process and the new company will be named Kuwait Airways Co.
Kuwait Airways has not made any profit since the Iraqi invasion in 1990. Thus, it was in January 2008 that Kuwaiti parliament decided to sell 80 per cent of the shares invested in the airline.
More Airline
Latest Travel News
Featured Sights To See
Rietburg Museum
Zurich, Switzerland
The Rietburg Museum is located in the middle of a 17 acre park, Rieterpark, in central Zurich. The park was bought by the city of Zurich in the 1940s. The collection is housed in the Wesendonck Villa, a mid-nineteenth century mansion built for industrialist Otto Wesendonck. It was also home to Richard Wagner. The beautiful Neo-classical villa was designed by Swiss architect...
Oriental Plaza
Johannesburg, South Africa
The Oriental Plaza is a great shopping complex in Newtown that is sure to make you wish you had forgotten your wallet at home! With over 350 shops, it is one of the best places to shop in the city. Address: Sixth Avenue, Fordsburg Telephone: +27 (0)11 838 6572 Website: http://www.orientalplaza-fordsburg.co.za/ Opening hours: Mon-Thurs 0830-1700, Fri 0830-1200, Sat 0830-14...
Causeway Bay
Hong Kong, China
Causeway Bay is in the Northern area of the Island. It is one of the world's most expensive shopping areas to rent a place. It has the famous Times Square indoor shopping plaza, the famous Japanese store Sogo, The World Trade Centre, Fashion Island, Fashion Walk, Windsor House, and Lee Gardens. It is the trendy, upmarket area popular with the fashion conscious youth. It has some great hotels and s...
Mohatta Palace and Museum
Karachi, Pakistan
This palace was built by a Hindu businessman by the name of Shivratan Chandraratan Mohatta in the 1920's. The building is constructed out of special pink stones from Jodhpur and the common yellow stones. It housed the offices of the Foreign Affairs ministry after the founding of Pakistan. It was soon given under the care of Fatima Jinnah, sister of the Quaid, but after her death it fell into negle...