Business
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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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Trump’s new tariffs put a price tag on beauty as K-cosmetics face U.S. squeeze
South Korea’s globally popular beauty industry — known as K-beauty — is feeling the pressure from new U.S. import tariffs…
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GCC bond and sukuk issuances drop to $92 bln in H1 2025, marking 5.5% decline
The Kuwait Financial Centre “Markaz” reported that the total value of primary bond and sukuk issuances in the Gulf Cooperation…
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Tata Motors steering toward the future; acquires Iveco in $4.5 billion mega deal
Tata Motors has finalized a $4.5 billion agreement to acquire Italian commercial vehicle manufacturer Iveco, marking the company’s largest acquisition…
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KOC extends bidding deadlines for six strategic projects worth $2.5 billion
Kuwait Oil Company (KOC) has extended the bidding deadlines for six major oil and gas projects with a combined value…
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IRU reports record revenues of 8.2 mln dinars in 2024-2025, highest since inception
The Insurance Regulatory Unit (IRU) announced today that since its establishment, its revenues stood at 8.2 million dinars for fiscal…
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Kuwait to extend Boursa working hours, revamp auction system to boost market attractiveness
In a strategic step to enhance competitiveness of the Kuwaiti financial market and aligning it with global standards, plans are…
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Fed stays course on interest rates; Trump urges immediate cuts
In line with market expectations, the U.S. Federal Reserve decided on Wednesday to keep its benchmark interest rate unchanged at…
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