Business
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European stocks score big, weekly gains jump first time in three months
European stocks posted their biggest weekly gain in 12 weeks on Friday, led by banking stocks, as investors awaited signs…
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China dodges heat while India bears brunt of US oil sanctions . . . double standards?
US President Donald Trump is tightening the screws on countries buying Russian oil, taking aim at India and China, the…
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Commercial licenses to individuals drop 10% in Q1 2025 amid shifts in key sectors
The number of commercial licenses issued by the Ministry of Commerce and Industry to individuals declined by nearly 10 percent…
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Strong demand from banks; debt offering oversubscribed 10 times
The Ministry of Finance, via the Central Bank of Kuwait, raised an additional KD 150 million in its fifth public…
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Kuwait’s Purchasing Managers’ Index rises to 53.5 in July
Kuwait’s Purchasing Managers’ Index (PMI) climbed to 53.5 in July from 53.1 in June, according to data published Tuesday by…
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Kuwait’s leading banks dominate stock market rankings over the past decade
A comprehensive 10-year study by the Investment Research Unit at Kuwait Investment Company (KIC) analyzed the top-performing companies on the…
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Kuwaiti banking sector sees strong first half with surge in deposits, lending, and assets
Deposits held by residents and non-residents in local Kuwaiti banks saw a notable increase of 6.1 percent by the end…
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OPEC+ to raise oil output by 547,000 bpd in Sept; Kuwait supports move
Kuwaiti Oil Minister Tariq Al-Roumi welcomed the recent decision by eight OPEC+ countries to increase oil production by 547,000 barrels…
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Deadline to shift control of funds from KCC to brokerage firms is Aug 14
Brokerage firms have begun notifying clients that the deadline to sign mandatory fund transfer pledges — shifting control of funds…
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PAI cracks down on industrial offenders, shuts down dozens of shops in South Amghara
The Public Authority for Industry (PAI) has ordered the closure of 53 industrial, craft, and service establishment in the South…
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