Airline
Kuwait Airways a step closer to public share sale
March 6- Kuwait’s largely unprofitable airline, Kuwait Airways, is getting closer to being closed as the Kuwait Investment Authority has set up a company to hold its assets, said the airline Chairman Hamad Al Falah. The company has one done to complete the privatisation process and the new company will be named Kuwait Airways Co.
Kuwait Airways has not made any profit since the Iraqi invasion in 1990. Thus, it was in January 2008 that Kuwaiti parliament decided to sell 80 per cent of the shares invested in the airline.
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Istanbul Military Museum
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The power of the Ottoman Empire was largely based on war and conquest. The military was its most important institution. The Istanbul Military Museum puts that on display. The museum originally opened in 1950 and housed in an old church. In 1993, it moved to its current location in the old Ottoman imperial military academy. As one would expect from a military museum, it...
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