Friday, December 30, 2011

Route 66 Kuwait

If you work on Arifjan you will see this sign on your way in. I had to stop and find out where Route 66 would take you... Seems it's a camp named "Route 66"


There's the camp....not much to look at...


Welcome to camp "Route 66"....


Personally, I like indoor plumbing and a comfy bed....Just sayin'

Thursday, December 29, 2011

Women to start getting loans - Govt sanctions KD 45,000

Women to start getting loans - Govt sanctions KD 45,000:

KUWAIT CITY, Dec 26: The government has started implementing women’s housing rights law, sources told Al-Rai daily, adding General Manager of Credit and Savings Bank (CSB) Salah Al-Mudhaf will soon grant a loan worth KD 45,000 to a Kuwaiti woman.

It is for the first time that women are being granted housing loans and informed sources said 3,000 Kuwaiti widows and divorcees will benefit from such loans within the coming period.

It's about time women are recognized especially when the man benefits from divorce. If a couple divorces before they get a house the man can still the house which he applied for before divorcing. If they are married when they get a house then the woman can take half. I know of a lady who divorced after getting a house and has taken half of the house to live in while the ex-husband and his new wife live in the other half.

Wednesday, December 28, 2011

Kuwait's KFH seals first Canadian real estate investment

Kuwait's KFH seals first Canadian real estate investment - Real Estate - ArabianBusiness.com:

Kuwait Finance House (KFH) has announced the acquisition of a residential apartment complex in Canada in a deal worth about $32.5m, its first as part of a joint venture agreement.
The purchase of the newly constructed 180 Mill Road Apartments, a 127-unit complex in downtown London, Ontario, is the first property held under KFH's joint venture with Killam Properties.

The investment firm signed the joint venture agreement last year with Killam with the objective of acquiring residential properties in Canada.
Under the agreement, the partners are committed to contribute equity up to C$100m, representing real estate acquisitions of approximately $250m, KFH said in a statement.
Seventy-five percent of the equity comes from KFH and Sigma Real Estate Advisors, its real estate advisor, with Killan providing the other 25 percent, the statement added.
The purchase price of 180 Mill Road was C$33.3m ($32.5m), with KFH/Sigma's ownership interest being C$25m.

KFH said its expected rate of return including fees will be 10-12 percent upon exit.
Construction of the 12 storey apartment building, with two levels of underground parking, and seven adjacent townhouses, was completed during the first quarter of 2011.

Do Kuwaiti citizens get a discount?

TIES Center offers Islamic classes in English

TIES Center is similar to the AWARE center but focuses more on Islam for expats.

TIES Ladies Club offers free English language Islamic classes for boys/girls between the ages of 6 and 10 on Sunday evenings from 5 pm-8pm. Stories from the Quran and Tajweed using short chapters.
For ladies, there are classes every Sunday and Tuesday evening from 5 pm-8pm. Tajweed (the correct way of reciting the Quran) using the short chapters, Tafseer (explanation of the Quran) and the beautiful names of Allah.

Location: Shuhada, area of South Surra
Block 4, street 413, house 67
Phone: 25231015/6 97144138
email: amina.ties@gmail.com
website: http://www.tiescenter.net/- their website is rather complicated, I would suggest contacting by email.