Business
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Budget devoured by salaries and subsidies, deficit returns
Capital expenditures reached KD 1.86 billion, making up eight percent of the total, which marks an 8.9 percent decrease compared…
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Gulf banks eye Egypt, Turkey, and India for expansion
Turkey, Egypt, and India, with larger populations and smaller banking systems compared to the Gulf States, offer significant growth potential…
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‘Sovereign fund’ assets surge by $177 billion, approaching $1 trillion
The Sovereign Wealth Fund maintained its fifth-place ranking, followed by the Saudi Public Investment Fund in sixth place, the Qatar…
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Coordination gaps hamper price control, unification in departments
Ongoing job attrition and budget cuts in the Commercial Control and Consumer Protection Sector of the Ministry of Commerce and…
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Kuwait Oil Company greenlit for $2.1 billion Burgan Field projects
The Central Agency for Public Tenders approved thirteen international companies to bid on two projects for Separation Centers and Water…
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Kuwait boosts US Treasury bond holdings by $1.29 billion in May
Kuwait’s holdings of US Treasury bonds reached $46.2 billion by the end of May, up from $44.91 billion at the…
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Digitalization, innovation and diversification underline Zain’s success
PUBLISHED IN COOPERATION WITH The Business Year (TBY) talks to Vice Chairman & CEO of Zain Group, Bader N. Al-Kharafi…
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Kuwait’s inflation climbs 2.84% in June
The inflation rate in Kuwait increased by 0.22 percent in June compared to May. The index for F&B rose by…
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Term deposits in Kuwait reach KD 64.39 billion by May end
Deposit movements dropped KD 3.5 billion in 2024: KD 2.69 billion in up-to-one-month deposits, KD 633.3 million in three-to-six-month deposits,…
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Dinar savings deposits in May drop 5.3% to KD 6.048 billion
Deposits fluctuated in 2024, from KD 5.804 billion in December 2023 to KD 5.781 billion in April 2024. While private…
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