Chairman of Kuwait Airways Resigns, Refuses to Explain Reasons

(File Photo: AFP)
(File Photo: AFP)
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Chairman of Kuwait Airways Resigns, Refuses to Explain Reasons

(File Photo: AFP)
(File Photo: AFP)

Chairman of the Board of Directors of Kuwait Airways Yousef Al-Jassem confirmed that his resignation was accepted by the Finance Minister Barak Al-Shaitan, from the chairmanship of the board of directors.

Jassem said in a statement that he had previously submitted his resignation in May, which was not accepted at the time, then he submitted it again in June and it was accepted.

In May, Kuwait Airways laid off about 1,500 of its workforce – mostly expatriates – out of 6,000 workers in total in various sectors, as it deals with the coronavirus crisis and its negative impact on commercial operations.

In a press release, Kuwait Airways expressed gratitude to all employees for their efforts. It affirmed that they are the top priority of the company but this tough decision resulted from the challenges faced by the firm in specific and the aviation sector in general.

Earlier, Kuwait Airways managed to repatriate Kuwaitis from 58 countries through around 185 flights.

Since the beginning of this month, the firm resumed booking to several regional and international destinations including Dubai, London, Geneva, Beirut, Cairo, Bahrain, Istanbul, Bodrum, and Trabzon. In the first phase, the capacity will be 30 percent, in the second phase 50 percent, and then in the third phase 100 percent.



UK Economy Shrinks 0.1% in May

The Elizabeth Tower commonly known by the name of the clock's bell "Big Ben" is pictured before race boats from the E1 World Championship race across the River Thames, in central London on July 2, 2025. (Photo by Justin TALLIS / AFP)
The Elizabeth Tower commonly known by the name of the clock's bell "Big Ben" is pictured before race boats from the E1 World Championship race across the River Thames, in central London on July 2, 2025. (Photo by Justin TALLIS / AFP)
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UK Economy Shrinks 0.1% in May

The Elizabeth Tower commonly known by the name of the clock's bell "Big Ben" is pictured before race boats from the E1 World Championship race across the River Thames, in central London on July 2, 2025. (Photo by Justin TALLIS / AFP)
The Elizabeth Tower commonly known by the name of the clock's bell "Big Ben" is pictured before race boats from the E1 World Championship race across the River Thames, in central London on July 2, 2025. (Photo by Justin TALLIS / AFP)

Britain's economic output shrank by 0.1% in May, official data showed on Friday.

Economists polled by Reuters had mostly forecast that gross domestic product would rise by 0.1% from April's level.

Britain's economy expanded rapidly in the first quarter of 2025, outstripping growth in other countries in the Group of Seven advanced economies. In May the Bank of England revised up its full-year growth forecast to 1%.

However, much of the growth in early 2025 was likely to have been linked to the expiry of a tax break for some home purchases in April which boosted the sector before the deadline, and a rush by manufacturers to beat higher US import tariffs.

The BoE has said it thinks the economy grew by about 0.25% in the second quarter of 2025.