The epicenter of the 2.9-magnitude earthquake was near the southwestern region of Al-Ahmadi Governorate.
Kuwait City, First Published Jul 17, 2022, 9:22 PM IST
Kuwait City: A slight earthquake was felt in Kuwait. The earthquake struck at 2.36 am on Saturday. The epicenter of the 2.9-magnitude earthquake was near the southwestern region of Al-Ahmadi Governorate. The Kuwait National Seismic Network (KNSN) reported that the earthquake occurred at a depth of 8 km underground.
Earthquake in Iran; Strong tremors were felt in the UAE twice
Fuel price will not increase in Kuwait
Kuwait City: Ministry sources said there is no plan to increase fuel prices in Kuwait along with the international price hike. There has been a suggestion that Kuwait should increase fuel prices to cover the budget deficit, but the authorities have decided not to do so for the time being.
The Government Subsidy Review Committee has stated that the recommendation of international financial agencies will not be implemented and fuel price hike is not on the agenda. Kuwait has one of the lowest fuel prices in the world.
11 workplaces were found to have violated the lunch break rule
Indian rupee at all-time low; Expatriates rush to take advantage
ABU DHABI: Expatriates are in a rush to send remittances home as the Indian rupee hits an all-time low against the US dollar. The dollar was down 0.17 percent at 79.90 on Thursday morning. With this, the exchange value of the currencies of the Gulf countries also increased.
Financial experts point out that rising crude oil prices in the international market and decline in foreign exchange reserves are taking the rupee down. The news that the US Federal Reserve will meet on July 26 and 27 has fueled speculation that interest rates may rise. The rupee opened at 79.64 against the dollar on Thursday morning but later fell to 79.77.
11 workplaces were found to have violated the lunch break rule
Expatriates in the Gulf countries are trying to make the most of the depreciation of the rupee. The UAE dirham touched an all-time high of 21.74 today. The previous day’s exchange rate was Rs.21.66. After starting trading at 21.72, it later fell by two paise to reach an all-time high of 21.74. It rose to 21 in May from 20.10 against the UAE dirham earlier in January. Today it reached an all-time high of 21.74.
Today’s rates were Rs 21.31 for Saudi Riyal, Rs 21.95 for Qatar Riyal, Rs 259.42 for Kuwaiti Dinar, Rs 212.58 for Bahraini Dinar and Rs 207.88 for Omani Rial. With the good exchange rate, there was a general rush of expatriates in various exchange centers to remit money back home.
Last Updated Jul 17, 2022, 9:22 PM IST
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