Kuwait Petroleum keen on preserving public funds, CEO says

The Kuwaiti government announced in March a reduction in its energy sector’s operating spending. Above, the Shuaiba oil refinery. (AFP file photo)
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Updated 26 July 2020

Kuwait Petroleum keen on preserving public funds, CEO says

  • Kuwaiti government earlier cut its energy sector’s operating spending

DUBAI: Kuwait Petroleum Corporation (KPC) wants to preserve public funds to counter the economic consequences of the coronavirus pandemic, the state-owned firm’s CEO said, after it started to implement austerity measures and reduce expenses.

In statement Hashem Hashem said the company paid great attention to the observations of all oversight bodies, both external and internal, state news agency KUNA reported.

Hashem said the company’s commitment “to adhere to the principle of full cooperation with the parliament to complete its oversight role in order to achieve the common goal of serving Kuwait’s interest.

In March the Kuwaiti government announced a reduction in its energy sector’s operating spending as oil prices collapsed because of coronavirus outbreak.

Hashem in an earlier memo said KPC and its subsidiaries would “rationalize spending and review their priorities for the financial year of 2020/2021, while ensuring the safety and continuity of the company’s operations.”

Among KPC’s cost-cutting measures are the termination of services of non-Kuwaitis under permanent and private contracts as well as subcontractors.

Kuwait National Petroleum Company, a KPC subsidiary, likewise abandoned plans to build the 1.5-gigawatt Al-Dabdaba solar complex which would have been operational by 2021.

It was likewise reported that the Ahmadi City buildings project has been cancelled after being considered as ‘a non-strategic project.’


Apple, Google drop Fortnite from app stores over payments

Updated 14 August 2020

Apple, Google drop Fortnite from app stores over payments

  • Google said Fortnite will remain available on Android, just not through its app store
  • Apple and Google both take a 30% cut from in-app revenue purchases in games

NEW YORK: Apple and Google dropped the popular game Fortnite from their app stores after the game’s developer introduced a direct payment plan that bypasses their platforms.
Apple and Google both take a 30% cut from in-app revenue purchases in games, which has long been a sore spot with developers.
Fortnite is free, but users can pay for in game accoutrements like weapons and skins. Its developer, Epic Games, said in a blog post Thursday that it was introducing Epic Direct payments, a direct payment plan for Apple’s iOS and Google Play. Epic said the system is the same payment system it already uses to process payments on PC and Mac computers and Android phones.
Apple and Google said the service violates their guidelines.
“Epic enabled a feature in its app which was not reviewed or approved by Apple, and they did so with the express intent of violating the App Store guidelines regarding in-app payments that apply to every developer who sells digital goods or services,” Apple said in statement.
Google said Fortnite will remain available on Android, just not through its app store. Android users can download the app from other app stores, although that’s generally not an option for iPhone users.
Epic Games did not immediately return a request for comment. Epic’s Fortnite Twitter account said the company would debut a new short film called “Nineteen Eighty-Fortnite,” a seeming parody of Apple’s iconic “1984” commercial that introduced the Macintosh computer. It has also filed a complaint against Apple in the US District Court in Northern California for dropping Fortnite.