Chairman of Kuwait Airways Resigns, Refuses to Explain Reasons

(File Photo: AFP)
(File Photo: AFP)
TT
20

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.



GASTAT: Saudi Arabia's Inflation Rate Remains Stable at 2.1% in July

GASTAT said Saudi Arabia’s annual inflation rate remained relatively stable at 2.1% in July this year
GASTAT said Saudi Arabia’s annual inflation rate remained relatively stable at 2.1% in July this year
TT
20

GASTAT: Saudi Arabia's Inflation Rate Remains Stable at 2.1% in July

GASTAT said Saudi Arabia’s annual inflation rate remained relatively stable at 2.1% in July this year
GASTAT said Saudi Arabia’s annual inflation rate remained relatively stable at 2.1% in July this year

The General Authority for Statistics (GASTAT) said Saudi Arabia’s annual inflation rate remained relatively stable at 2.1% in July 2025 compared to the same period last year.

The Consumer Price Index (CPI) also showed stability on a monthly basis, with prices across most categories remaining largely unchanged from June to July 2025.

The Wholesale Price Index (WPI) remained stable at 2.1% in July, while recording a slight monthly decline of 0.1% compared to June.

The CPI measures changes in the prices paid by consumers for a fixed basket of 490 goods and services, while the WPI tracks changes in pre-retail prices for a fixed basket of 343 items.