Business

Kuwait Oil Company unveils 110 million dinars budget for cutting-edge facility

The gas desalination and sulfur extraction facility in project in western Kuwait is scheduled to be implemented in accordance with…

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Kuwait’s oil projects halt as Central Tenders Authority faces disruption

The disruption in the Central Agency for Public Tenders operations following the expiration of its members’ terms, who used to…

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Kuwait explores used tires as alternative fuel source

Government calls for cutting used tires, converting them into fuel, and then using them in factory furnaces instead of fossil…

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PUMC’s 2023 profits hit historic high

• PUMC sees 25% increase in profits compared to 2022 • Over 10 million Dinars in profits for 2023 gained…

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Kuwait’s exports to China reached $2.55 billion in first quarter of 2024

Gulf countries’ imports from China rose to $31.08 billion in the first quarter, up from $27.64 billion in the same…

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Boursa Kuwait’s Q1 net profit up 8.63% to hit 4.68 million dinars

The Kuwait Stock Exchange showed flexibility in addressing challenges in the past year and into Q1 2024, relying on strategic…

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Kuwait Oil Company to launch 11 tenders in exploration, production sector

The establishment of the ‘K-Tendering’ portal coincides with the Petroleum Corporation’s merger of many subsidiaries, reducing their number from eight…

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Banks in Kuwait embrace Gulf expansion amid local project slowdown

Digitally, the first quarter of 2024 ended with relatively weak performance. Historical trends indicate that local credit growth remained low,…

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