Business
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Moody’s keeps Kuwait’s A1 rating stable as financial buffers surpass 500% of GDP
Moody’s Investors Service has maintained Kuwait’s A1 credit rating with a stable outlook, saying the country’s exceptionally large sovereign and…
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Two consortia vie for 500mw Shagaya Renewable Energy Project
The Public-Private Partnership Projects Authority (PPP Authority) has opened the technical bids for the Shagaya Renewable Energy Project – Phase…
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KOC invites bids for steel production well pipe lining services
Kuwait Oil Company (KOC) has floated a prequalification process for contractors to provide glass-reinforced epoxy (GRE) lining services for steel…
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Global investment giant Blackstone to establish regional office in Kuwait
Blackstone, the world’s largest alternative asset manager, announced plans on Monday to open an office in Kuwait through the Kuwait…
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Capital Markets Authority reports 5.05 billion dinars in assets
The combined assets of 65 companies licensed by Kuwait’s Capital Markets Authority (CMA) to conduct securities activities, excluding banks, rose…
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Oil prices tumble more than 6% after US pauses Iran strikes
Oil prices fell more than 6% on Monday after the United States and Iran paused a two-week exchange of attacks,…
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Markets rally on US-Iran de-escalation; oil and dollar retreat
The U.S. dollar edged lower while the euro and British pound gained on Monday after the United States paused its…
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GCC countries strengthen global standing in 2026 Competitiveness Rankings
The Gulf Cooperation Council (GCC) countries have reinforced their position among the world’s most competitive economies, with strong performances across…
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Jazeera Airways launches PAYDAY20 sale offering up to 20% off across network
Jazeera Airways, Kuwait’s leading low-cost carrier, has launched its PAYDAY20 promotion, offering customers savings of up to 20% on fares…
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Gold ends week at $4,054 as Mideast tensions and rate outlook weigh on markets
Locally, gold prices continued to reflect global market movements. The report said the price of 24-karat gold reached around 40.800…
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