Kuwaiti Emir Sheikh Nawaf inaugurates an environmental fuel project set up by state oil company KNPC in March 2022. AFP
Kuwaiti Emir Sheikh Nawaf inaugurates an environmental fuel project set up by state oil company KNPC in March 2022. AFP
Kuwaiti Emir Sheikh Nawaf inaugurates an environmental fuel project set up by state oil company KNPC in March 2022. AFP
Kuwaiti Emir Sheikh Nawaf inaugurates an environmental fuel project set up by state oil company KNPC in March 2022. AFP

Kuwait to start building world's largest petroleum research centre at end of 2022


Amr Mostafa
  • English
  • Arabic

Kuwait will begin to establish the world’s largest centre for petroleum research at the end of this year.

The announcement was made by the Gulf country’s oil ministry on Wednesday.

The centre will be built in the city of Al Ahmadi. It will comprise 28 technological laboratories and hire more than 600 employees, the ministry said on Twitter.

It will provide solutions to problems involved in the production and refining of heavy crude, as well as improve production methods and refining techniques at local and international levels, the ministry said.

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

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MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

Updated: May 25, 2022, 8:26 AM