Embassy of India - Bombay Chamber of Commerce and Industry

MONTHLY ECONOMIC & COMMERCIAL REPORT FOR SEPTEMBER 2012
I. ECONOMIC INDICATORS
‣ During the month, Kuwait’s Constitutional Court (Apex Court) on September 25 rejected
the reference made by the Government on constitutionality of electoral laws and
upheld the existing system of five constituencies and four votes per voter. The
opposition continued to protest reiterating its demand for a full democratic system of
government in Kuwait. Opposition also organized a mass rally under the slogan “Leave
Jaber” (referring to the PM) on September 24 in which about 4,000 Kuwaitis took part.
‣ Kuwait revealed a budget surplus of KD10.205 billion for the fiscal year 2011-2012,
based on a crude price of $60 per barrel. According to the Ministry of Finance, this
surplus was achieved through revenue worth KD 30.236 billion, actual expenses of
around KD 17.007 billion and actual commitments worth KD 3.023 billion. The oil
revenues amounted to KD 28.569 billion, an increase of KD 16.2 billion (132 percent)
compared to the budget estimates of the previous year, which amounted to about KD
12.3 billion.
‣ Chairman, Public Authority for Assessment of Compensation for Damages Resulting
from the Iraqi Invasion, Khaled Al-Mudhaf, announced on September 3 that the amount
of compensation received in 2011 amounted to $3.66 billion, the highest throughout
the authority’s work period.
‣ According to the National Bank of Kuwait, Kuwait’s M2 (KD 973 million) money supply
shrank by over three percent and M1 (KD 551 million) by more than seven percent in
July 2012.
‣ Kuwait Cabinet on September 17 decided to increase the transfer of state revenues for
the future generations fund from 10 to 25% effective from the fiscal year 2012-2013.
The Budget has reportedly been finalized and would be issued with an emergency
decree, in accordance with Article 71 of the Constitution.
‣ Oil production: Kuwait reportedly produced around three million barrels a day (bpd) of
crude oil in August, up around 600,000 bpd from July, which was mainly due to more
demand from Asia. Ministers of OPEC member-countries reportedly agreed in mid-June
that they should adhere to a collective output limit of 30 million barrels per day (bpd),
which would require Gulf oil producers to trim production from levels seen in early
2012. But production by Gulf States remained high. Oil output by the big three Gulf
producers saw a net increase of around 400,000 barrels per day (bpd) in August from
July as a sharp rise in Kuwaiti output outweighed cuts by Saudi Arabia and the United
Arab Emirates (UAE).
‣ Unemployment: The number of Kuwaiti citizens registered with Civil Service
Commission has reached about 20,000, indicating an increase in the unemployment rate
in the country.
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‣ Global Competitiveness Index: According to World Economic Forum (WEF), Kuwait
ranked 37 th (lowest among GCC) in this year’s Global Competitiveness Index, as
compared to 34th last year.
‣ Inflation: Kuwait’s inflation increased to 3.1% in July 2012 as compared to 2.8% in June
2012.
Exchange rates:
The exchange rates between Kuwaiti Dinar and Indian Rupee/$ during September 2012
were as follows:
Crude oil prices:
Date KD/Rs.1000 $1000= KD
September 1 5.111 283.330
September 15 5.196 282.030
September 30 5.378 282.280
Kuwait Crude Oil Prices fluctuated as follows during September 2012:
Date
Per barrel
September 3 $ 110.96
September 4 $ 112.25
September 7 $ 110.81
September 10 $ 111.75
September 14 $ 114.13
September 17 $ 113.05
September 21 $ 107.02
September 25 $ 107.21
September 28 $ 109.32
Stock Exchange
The price index of KSE fluctuated as follows during September 2012:
Date
Price Index
September 2 5896.94
September 5 5909.85
September 9 5885.38
September 12 5834.69
September 16 5785.33
September 19 5883.12
September 23 5892.43
September 26 5945.37
September 30 5982.69
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II. MAJOR INVESTMENTS WITHIN AND OUTSIDE THE COUNTRY/ RELATED AGREEMENTS
SIGNED / OTHER ECONOMIC DEVELOPMENTS
Banking, Finance and Investment
‣ National Bank of Kuwait (NBK), the country’s largest lender, is relying on revenues from
foreign operations to offset a tough business environment at home. NBK, which
reported a flat net profit of KD 302.4 million ($1.1 billion) in 2011, aims to grow in Saudi
Arabia, the United Arab Emirates (UAE) and possibly Oman.
‣ Gulf Bank has been mandated as a lead manager to help finance two energy projects
worth US$ 2 billion – one in oil sector and the other one in the power sector in Kuwait.
The deals, if these go through, would increase Gulf Bank’s market share in corporate
and project financing in the local market despite deep concerns over government
willingness to speed up long-awaited infrastructure projects. Gulf Bank (Kuwait’s third
largest lender) in which Kuwait Investment Authority (KIA) has a 16 percent stake, does
not expect a surge in provisions unless the economic situation worsens and the local
stock market loses more value. Gulf Bank had posted a net profit of KD 12.8 million for
the first half compared to KD 18.3 million a year earlier.
‣ Shareholders in Kuwait’s Global Investment House (GIH) approved on September 2, a
final plan to create new special purpose vehicles (SPVs) that would carry the company’s
debt as part of the $1.7 billion debt restructuring plan. GIH, which is undergoing its
second debt restructuring in three years, would create at least two SPVs, one to hold
company assets along with a debt of $1.3 billion and the other one will take part in a
capital increase for the parent company, which will carry a debt equivalent of $430
million.
‣ United Industries Company (UIC), a member of Kuwait Projects Company (KIPCO) Group,
posted a net profit of KD 2.85 million for first nine months of 2012 up 179 percent
compared to KD 1.02 million during the same period in 2011.
‣ Standard & Poor’s Ratings Services has assigned its ‘BBB’ insurer financial strength and
counterparty credit ratings to Warba Insurance Co. The outlook is stable. The ratings on
Kuwait-based insurer Warba reflect its strong capitalization, good earnings, and good
local competitive position.
Oil, Gas and Petrochemicals
‣ Saudi Arabia has plans to raise its gas production capacity to 16 billion cubic feet (bcf)
per day by 2020 while Kuwait hopes to nearly quadruple its gas output to more than
four bcf per day by 2030, including 0.5 bcf per day from Dorra gas field, which is
estimated to have gas reserve of one trillion cubic feet along with some 310 million
barrels of oil. Once the project comes online, the gas would be divided equally between
Saudi Arabia and Kuwait, with each country receiving 500 million cubic feet. However,
development of the Dorra gas field by Kuwait and Saudi Arabia has been delayed
reportedly due to disagreement over sharing of the gas. Saudi Arabia, Iran and Kuwait
have demarcation issue over the gas field. According, to a new proposal, Saudi is
pressing Kuwait to share the gas out on land at Khafji in a plan that would require
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Energy
another overland pipeline to be laid to Kuwait. The original startup date for the project
was 2014.
‣ The execution of Kuwait’s ambitious KD 70 million worth National Center for Renewable
Energy Research and Applications was kicked off on September 18. The project is part of
the state’s development plan and is implemented in cooperation with prestigious global
research institutions and centers. The center will focus on expanding the use of
alternative renewable energy, e.g. solar and wind energy, enhancing energy usage
efficiency and cutting the consumption of non-renewable energy. It is expected to start
its work in 2015 to serve the whole region.
Logistics
‣ A contract undertaken by Control Systems Company to work on the preliminary stage of
Kuwait’s metro project is currently being considered for approval, said Fatmah Al-
Kanderi, a supervisor of the project. She noted that the company will be in charge of the
first phase of the project out of a total of five phases. The first network of rails will link
Kuwait International Airport with Kuwait city and the suburb of Salmiya, followed by
preparation for the other phases in future which will be announced at a later date.
Kuwait metro project needs vast infrastructure and as soon as the bid winner is
announced, work on the project would begin in 2013. The metro project is expected to
be fully ready in 2020.
Real Estate
‣ According to NBK, real estate sales totaled KD 247 million in July, up 22 percent year-onyear.
The investment and commercial segments were expectedly down due to vacation
and Ramadan period, while the residential sector did exceptionally well. The residential
segment has seen strong demand so far this year, registering 631 transactions in July,
and an average of 721 monthly transactions for the first seven months in 2012, compared
to 485 for the same period in 2011.
Telecommunication
‣ Zain Group and Vodafone Group jointly announced on September 3 a Partner Market
agreement that would provide Zain customers with greater support in Vodafone’s global
footprint and significantly expand Vodafone’s Partner Market presence in the Middle
East. Under the non-equity partnership agreement, Vodafone would work with Zain
companies in Saudi Arabia, Bahrain, Kuwait, Jordan and Iraq to provide customers with
high quality communications services. The move will enhance both Zain and Vodafone’s
ability to meet growing demand among multinational businesses for sophisticated voice
and data communications solutions as well as advanced roaming services within the
Middle East. This would complement Vodafone’s own regional operations in Egypt and
Qatar and increase the number of countries in which Vodafone has Partner Market
agreements to more than 50.
‣ Kuwait’s telecom operator, Zain will continue its fight against a $262 million fine
imposed on its Iraq operations by Iraqi telecom regulator, Communications and Media
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Commission (CMC) despite some of its bank accounts being frozen. Zain Iraq, with an
estimated 53 percent market share, was imposed fine in February 2011 for putting five
million SIM cards in the local market without permission. Zain would appeal against the
move.
‣ National Bank of Kuwait (NBK) Capital advised Qatar Telecommunications (Qtel) on the
successful completion of their KD 519.1 million ($1.8 billion US) acquisition of 39.61
percent of National Mobile Telecommunications Company (Wataniya Telecom). The
offer was well received by shareholders, bringing Qtel’s ownership to above 92 percent.
Following approval from the Kuwait Capital Markets Authority (CMA) and execution by
the Kuwait Stock Exchange (KSE), Qtel has completed the acquisition of 199,649,694
Wataniya Telecom Kuwait shares representing 39.61 percent of the total shares in issue
for a total consideration of KD 519.1 million ($1.8 billion) at a price of KD 2.600 per
share. As a result Qtel’s shareholding in Wataniya Telecom Kuwait has increased from
52.5 percent to 92.1 percent.
III. MAJOR ECONOMIC & COMMERCIAL DEVELOPMENTS WITH OTHER COUNTRIES,
INCLUDING TRADING AGREEMENTS PROPOSED/ FINALIZED
India
‣ Gujarat delegation: A delegation from Gujarat Government led by Mr Kamal Dayani,
Industries Commissioner and comprising representatives from private sector visited
Kuwait on September 22-23 to promote “Vibrant Gujarat” and Global Investors Meet
being held at Gandhinagar from January 11-13, 2013. Meetings of the delegation were
arranged with Kuwait Chamber of Commerce and Industry, M/s Thuwainy Trading
Company, Gulf Investment House, Noor Financial Investment Company and KAPICO
Group Holding Company.
‣ Aurobindo Pharma: Indian pharmaceutical company, Auribindo Pharma launched its
operations in Kuwait on September 20 in partnership with I-Medica healthcare
company.
‣ Kuwait Petroleum Corporation signed an open renewable annual contract with Indian
companies Hindustan Petroleum and Bharat Petroleum for oil exports valued at $10
billion, which would be spread over five years. The contract would reportedly include
the export of Khafji, Hout, Loseen and ordinary Kuwaiti oil, which would be refined in
India at the rate of 50,000 barrels a day.
Other countries
‣ Algeria: During his visit to Algeria on September 12, Kuwait’s Finance Minister Nayef Al-
Hajraf attended the Joint Committee Meeting. Both sides signed two cooperation
agreements on trade and tourism. The two sides also agreed to organize exhibitions,
seminars and commercial-related meetings to explore investment opportunities.
Algerian Finance Minister Karim Djoudi handed over to Al-Hajraf a draft agreement on
cooperation and exchange of information between the Bank of Algeria and the Central
Bank of Kuwait (CBK). Both parties voiced satisfaction over the Kuwait Projects Co.
(KIPCO’s) partnership with Algeria over the establishment of a pharmaceutical company,
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producing power generators, farming and creation of other firms. The Kuwaiti side also
briefed the Algerians over the water desalination experience.
‣ Bahrain: The Kuwait Fund for Arab Economic Development (KFAED) hammered out a
framework agreement with Bahraini government on September 3, to finance
development projects in Bahrain worth $250 million during fiscal year 2012-13. The
grant would be used to finance housing, electricity, water, health, education and youth
service projects. DG, KFAED Abdulwahab Al-Bader said that the grant is part of the
Kuwait’s $2.5 billion aid package pledge to Bahrain, which would be disbursed in equal
installments over 10 years. Oman is also a beneficiary of a similar package from Kuwait
as part of GCC cooperation.
‣ Egypt: KFAED signed with Egypt on September 25, KD 17 million ($60.5 million) loan
agreement to support the second stage of expansion of the natural gas network project
in Cairo and Giza. The two sides also signed an agreement on partnership between
KFAED and the Egyptian Natural Gas Holding Company (EGAS), which is responsible for
implementation of the project.
‣ Germany: During his first visit to Kuwait, German Foreign Minister Westerwelle met his
Kuwaiti counterpart Sheikh Sabah Al Khalid Al Hamad Al-Sabah. Both sides discussed
wide range of issues of common concern and agreed that relations were to be further
intensified by specific joint projects, including infrastructure projects and to collaborate
more in the education sector. Moreover, FM Westerwelle sent out the clear message to
the Kuwaiti business community that Germany was firmly determined to overcome the
debt crisis together with its partners and friends in Europe.
‣ Iraq: Kuwait’s government gave approval to settlement with Iraq to end a standoff over
invasion-era debts and end litigation against Iraqi Airways. In a quid pro quo
arrangement, both sides reached an agreement in March this year under which Iraq
would pay Kuwait $300 million in cash and invest $200 million in a joint airline venture.
‣ Jordan: Kuwait and Jordan signed an agreement on September 18 for grant of annual
$250 million as part of a total $1.25 billion aimed at funding development projects in
Jordan. The deal comprised Kuwait’s portion of a GCC-sanctioned grant totaling $5
billion to Jordan.
‣ South Korea: Kuwait’s crude oil exports to South Korea in August 2012 reportedly rose
by 6.2% from a year earlier to 11.21 million barrels, or 362, 000 barrels per day (bpd). As
South Korea’s number two supplier, Kuwait supplied 13.9% of Korea’s total crude oil
imports in August 2012 compared to a 14.6% in August 2011. During January-August
period, Kuwait boosted sales to Korea (world’s fifth-largest crude importer) by 33.0
percent year-on-year to 89.58 million barrels (367,000 bpd).
IV INTERNATIONAL/MULTILATERAL ACTIVITIES
Nil.
V. TRADE DATA, ENQUIRIES, EXHIBITIONS, ETC.
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Correspondences on trade enquiries from India and Kuwait as per details, at Annexure
‘A’ were received and processed by this Mission.
Kuwait’s trade with major countries may be seen at Annexure ‘B’.
Kuwait’s total trade with India and Kuwait’s five major items of imports and exports with
India at Annexure ‘C’.
A list of useful websites is at Annexure ‘D’.
Details of forthcoming trade exhibitions, to be held in the forthcoming months of 2012,
in Kuwait are at Annexure ‘E’.
This issues with the approval of the Ambassador.
Trade enquires from India during September 2012
Annexure ‘A’
Sl. No. Contact details Items
1 Mr. Chirag Lalwani, SRO- International
Marketing,
M/s Karnavati Engineering Ltd.,
E-mail: chirag.lalwani@karnavationline.com
2 Ms. Subbuluckshmi Ganesan,
Suga Mart, India
E-mail: sugamart@gmail.com
3 Mr. Sounder Rajan K.,
M/s Spotlink International,
3/179, Avaran Thottam,
Kullegoundenpalayam, Senbiyanallur (P.O),
Avinashi, Tirupur, Tamil Nadu - 641654
E-mail: spotlink12@gmail.com
4 Mr. Abid Hussain Nadri,
Nadri Leather Finishers,
478, Gajju Purwa, 150 Ft. Road,
Jajmau, Kanpur – 208010 (UP)
E-mail: nadrileatherfinishers@gmail.com
5 Mr. V. Mohana Murali,
Sree Traders, Pollachi,
Coimbatore, Tamil Nadu - 642005
E-mail: v.mohanamurali@yahoo.com
6 Mr. Samuel Thomas,
Head- Business Development,
M/s Yahweh Corporate Services, Chennai
E-mail: thomas.yahweh@gmail.com
7
pharmaceutical machineries
agricultural products, spices,
candles, tanjore paintings etc
fresh vegetables, fruits etc
Leather
Coconut
dry fruits
7 Mr. Arun Kapoor, raw sheep wool

M/s Mixwell International, Mumbai
E-mail: kapoor@dbkapoor.com
8 Mr. Mohammed Saliha, Proprietor,
M/s Sismak International,
No. 16, South Street, Pattur, Mangadu, Chennai
- 600122
E-mail: sismak.intl@gmail.com
9 M/s Kisan Exports,
Patel Jewellers, Kansra Bazar Cabin Chowk,
Mahuva – 364290, Bhavnagar
E-mail: kisanexports@gmail.com
10 Mrs. S. Anuradha, Proprietrix,
M/s Phurvaja Exports, No. 241,
Mathang Koil Street, Allah Pichai Compound,
Ettayapuram Road, Tuticorin - 628002
E-mail: phurvajaexports@yahoo.com
11 Mr. A. Gnanasekar, Proprietor,
Universal Impex, 3/349,
Anthoniyar Kovil Street, Kovandakurichy Post,
Lalgudi Taluk, Trichy - 621711
E-mail: universalimpexenq@gmail.com
12 Mr. Pardeep Gupta,
M/s Kavitha Global,
E-59, New Multan Nagar,
New Delhi - 110056
E-mail: pg1166@hotmail.com
13 Mr. Charu Sabarwal,
M/s Amco Industrial Enterprises Pvt. Ltd.,
E-161, Focal Point,
Phase-4, Ludhiana-141010
E-mail: marketing@amcogroups.com
14 Mrs. R. Babitha, Proprietrix,
M/s Sezhian Mukilan Exports,
Door No. 4/805-F, Theni Pandiar Complex,
Sulakkarai, Virudhunagar - 626003
E-mail: babitha2886@yahoo.com
15 Mr. J. Praveen, Proprietor,
M/s Kamala International, No. 6,
Sakthivel Nagar, 6 th Street,
Puzhal, Channai - 600066
E-mail: praveenj29@gmail.com
16 Mr. Tapasya Barot,
M/s JAAZ
308 Saffron, Fatehgunj,
Vadodara – 390 002, Gujarat.
E-mail: tapasya.barot@jaaz.in
17 Mr. Harshdeep Singh, Sales Director,
M/s Arora Auto Sales Corp.,
B-XV-906, Nirankari Street No. 7,
Miller Ganj, Ludhiana - 141003
fresh vegetables and canned foods
fresh vegetables and canned foods
garments, food grains, pepper etc
rice, vegetables, fruits, pulses,
spices, other agri based
commodities etc
dairy products
soaps and detergents
garments, food grains, spices etc
garments, sea foods, artificial
jewellers etc
sanitary wares
spare parts for earth moving
equipments, tractors etc
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E-mail: exportsautocomponents@gmail.com
18 Ms. Mona Thakur, B.D. Executive,
M/s Euroasia Trans Continental,
Unit No. 207, Parvati Industrial Estate,
New Sun Mill Compound, Lower Parel (W),
Mumbai - 400013
E-mail: mona.euroasia@gmail.com
19 Mr. John Chithung, Manager- Intl Business
M/s Biorise (India) Pvt. Ltd.,
501, Gold Crest Business Center,
L.T. Road, Borivali (W), Mumbai - 92
E-mail: johnson.c@biorise.in
20 Mr. Harish Peshavaria,
M/s Peshavaria Impex,
P.O. Box: 630, GIDC, Jamnagar-361004
E-mail: peshavariaimpex@gmail.com
21 Mr. Joseph Leo Rajan,
Nishuprafa Exports, 58,
4 th Street, Bharatinagar, Perumalpuram P.O,
Tirunelveli Dist - 627007
E-mail: nishuprafaexpo2764@gmail.com
22 Mr. Mukund Vasoya
Patgro Exim Pvt. Ltd.,
207- Royal Square, Nr. Shilp Tower,
Godown Road, Rajkot - 360002
E-mail: info@patgro.com
23 M/s Wise Exports,
Amarnagar Road,
Dobariyavadi, Gokuldham, Jetpur - 360370
E-mail: info@wiseexport.com
24 Mr. B. M. Jain, CMD,
Tulsi Casting and Machining Limited,
Aidun Bldg., ‘A’ Block, 1 st Floor, Office No. 3,
Opp. Metro Cinema, 1 st Dhobi Talao Lane,
Mumbai - 400002
E-mail: bmjain@tcmi.co.in
25 M/s Ever Green International,
No. 91, Mahatma Gandhi Road,
Kumaran Nagar, Padi, Chennai - 600050
E-mail: evergreenconnection@gmail.com
26 Mr. Ameeta Gupta, Director – Marketing &
Strategy
M/s Ameeti International Group,
2, Prajapati Gaurav Sector 2,
Plot no. 3 Next to Siemens Bldg
Kharghar - 410210 . Navi Mumbai
E-mail: ameetiinternational@gmail.com
27 M/s Mahir Collections,
14, Twin Tower, 2 nd Cross Lane,
pharma, food, feed, dyes,
chemicals, cosmetics etc
pharmaceuticals, chemicals, water
treatment chemicals, granites etc
Engineering goods, handicrafts,
food products etc and importer of
metal scrap
fresh vegetables, agro processed
foods, textiles garments,
handicrafts etc
fresh vegetables, agro processed
foods, etc
PVC packaging materials
casting and machined components
fresh vegetables, agro processed
foods, handicrafts etc
food products
ladies night wears
9

Lokhandwala, Andheri (W), Mumbai - 400053
E-mail: nayan_patel_28@yahoo.com
i) Principal import and exports with other countries
Annexure ‘B’
a) Top Ten Countries Exporting to Kuwait
(in million)
COUNTRIES 2008 2009 2010
KD US$ KD US$ KD US$
China People's Rep. 780.73 2913.17 707.00 2637.11 812 2915
U.S.A 719.09 2683.17 635.29 2369.63 743 2669
Germany 489.08 1824.92 445.67 1662.35 475 1705
Japan 641.10 2392.16 419.42 1564.43 517 1856
Saudi Arabia 374.61 1397.79 346.85 1293.75 344 1236
India 302.67 1129.36 315.51 1176.85 369 1325
Italy 322.80 1204.47 261.19 974.24 307 1102
United Arab Emirates 264.10 985.44 249.66 931.23 289 1039
South Korea 223.47 833.84 247.73 924.03 293 1052
United Kingdom 190.24 709.85 188.3 702.35 200 718
Source: Central Statistical Bureau, State of Kuwait
b) Top Destinations of Kuwait’s Non-Oil Exports
COUNTRIES
2008 2009 2010
KD US$ KD US$ KD US$
(in million)
China 25.88 96.53 326.37 1217.36 194.43 698.03
United Arab
Emirates
185.40 691.79 168.47 628.39 173.86 624.17
Saudi Arabia 114.17 426.00 127.01 473.74 140.39 504.03
India 143.86 536.79 94.43 352.22 118.47 425.31
Turkey 34.33 128.05 65.89 245.77 37.37 134.17
Jordan 58.10 216.79 64.77 241.59 50.32 180.67
U.S.A 125.82 469.47 51.80 193.21 49.38 177.28
Source: Central Statistical Bureau, State of Kuwait
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Annexure ‘C’
i) Trade Between India and Kuwait
April 2009-
March 2010
April 2010-
March 2011
(in Million US$)
April 2011-
March 2012
INDIA’S EXPORT TO KUWAIT 782.45 1856.01 1,181.41
INDIA’S IMPORT FROM KUWAIT 8,249.49 10,313.64 16,375.37
TOTAL TRADE 9,031.94 12,169.65 17,556.78
ii) India’s trade with Kuwait
Top five items of Exports to Kuwait
Source: Department of Commerce, M/o Commerce & Industry, GOI
All figures on FOB basis.
S.No Commodity 2011-2012
Value
(in Million US$)
1. Cereals 296.16
2. Articles of Iron & Steel 128.09
3. Nuclear reactors, boilers, machinery
& mechnical appliances
4. Electrical Machinery & Equipments, sound recorders and
reproducers, television image, sound recorders and reproducers
and parts
100.46
68.31
5. Meat & Edible Meat Offal. 61.54
Industry, GOI
Top five items of Imports from Kuwait
Source : Department of Commerce, M/o Commerce &
Sl. No Commodity 2011-2012
1 MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR
DISTILLATION; BITUMINOUS SUBSTANCES; MINERAL WAXES.
Value
(in Million US$)
15,667.11
2 ORGANIC CHEMICALS 384.36
3 IRON AND STEEL 79.51
4 PLASTIC AND ARTICLES THEREOF. 54.15
5 ALUMINIUM AND ARTICLES THEREOF. 41.21
Industry, GOI
Source : Department of Commerce, M/o Commerce &
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Annexure ‘D’
List of useful websites on Kuwait
i) Official
1. www.e.gov.kw : Official website of the State of Kuwait
2. www.mof.gov.kw : Ministry of Finance
3. www.moo.gov.kw: : Ministry of Energy
4. www.moci.gov.kw : Ministry of Commerce & Industry
ii)
Local Trade Bodies
5. www.kcci.org.kw : Kuwait Chamber of Commerce & Industry
6. www.kpc.com.kw : Kuwait Petroleum Corporation and its subsidiaries
iii)
Banks and financial institutions
7. www.cbk.gov.kw : Central Bank of Kuwait
8. www.nbk.com : National Bank of Kuwait
9. www.cbk.com : Commercial Bank of Kuwait
10. www.kia.gov.kw : Kuwait Investment Authority
iv)
Media
11. www.kuna.net.kw : Kuwait News Agency
12. www.kuwaittimes.net : Kuwait Times
13. www.arabtimesonline.com : Arab Times
14. www.kuwaitsamachar.com : For news about Kuwait, India and Indian expatriates in Kuwait.
v) About Kuwait
15. www.arab.net.kuwait : For research on Kuwait, etc.
16. www.kif.net : Kuwait International Fair Company (KIFCO)
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Annexure ‘E’
Kuwait International Fair organizes fairs and exhibitions in Kuwait. The calendar of events for the
year 2011-12 is reproduced below:
Consumer Exhibitions
Date Exhibition Name Hall Category
26.09.2012 - 06.10.2012 Seasonal Consumer Exhibition Hall 4B Consumer Exhibitions
01.11.2012 - 10.11.2012 Gifts Exhibition Hall 4 Consumer Exhibitions
22.11.2012 - 01.12.2012 Autumn Consumer Festival Hall 4 Consumer Exhibitions
20.12.2012 - 29.12.2012 Winter Fashion Fair Hall 4A Consumer Exhibitions
Specialized Exhibitions
18.09.2012 -
22.09.2012
Made in India Hall 4A Specialized Exhibitions
24.09.2012 -
29.09.2012
Kuwait International Property
Show
Hall 8
Specialized Exhibitions
25.09.2012 -
29.09.2012
Health Expo Hall 5 Specialized Exhibitions
26.09.2012 -
29.09.2012
Asian Hunting & Shooting
Exhibition
Hall 6
Specialized Exhibitions
10.10.2012 -
20.10.2012
Specialized Watches Exhibition Hall 8 Specialized Exhibitions
10.10.2012 -
20.10.2012
Autumn Perfume Exhibition Hall 5,
6 & 7
Specialized Exhibitions
11.10.2012 -
22.10.2012
Arabian & International Products
Exhibition
Hall 4B
Specialized Exhibitions
18.11.2012 -
24.11.2012
Building & Construction
Exhibition
Hall 8
Specialized Exhibitions
21.11.2012 -
01.12.2012
Arabic Books Exhibition Hall 5,
6 & 7
Specialized Exhibitions
16.12.2012 -
22.12.2012
Automobile & Accessories
Exhibition
Hall 5,
6, 7 &
8
Specialized Exhibitions
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20.12.2012 -
31.12.2012
30.12.2012 -
10.01.2013
Syrian Companies Exhibition Hall 4B Specialized Exhibitions
Food Show Hall 8 Specialized Exhibitions
30.12.2012 -
09.01.2013
House Expo Hall 6 Specialized Exhibitions
PS- All the above exhibitions/fairs would be held at Kuwait International Fair Grounds, Mishref.
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