News in Brief

MEW to fill vacancies:

Ministry of Electricity and Water is working on filling the vacant supervisory positions in its various sectors, reports Al-Al-Anba daily quoting informed sources from the ministry.

They said the ministry is adopting a new move to ensure equal opportunities for its employees by announcing the supervisory positions in each sector in line with the decisions of Civil Service Council (CSC).

The sources added that the ministry began the process with the Consumer Affairs Sector by announcing 24 vacant supervisory positions in various sectors within the state.

Oil production restoration:

Tremendous efforts are ongoing concerning the restoration of oil production in Al-Khafji field, reports Al-Qabas daily.

According to informed sources, the concerned teams are awaiting the signing of the agreement in this regard. This move is in line with other concerted efforts being exerted by OPEC to increase the production.

Institution profits up:

Public Institution for Social Security has achieved profits up to $10 billion (equivalent to KD3 billion) from March 31, 2014 to April 1, 2017, reports Al-Anba daily.

According to an official document obtained by the daily, the annual average profit achieved by the institution in the last three fiscal years was $3.36 billion (KD 1 billion) per year. The annual return on the institution’s investments reached 5.17 percent compared to its assets which are worth nearly $65 billion.