Business

Finance Minister urges swift implementation of projects to drive economic growth

As the new fiscal year 2025/2026 begins, Minister of Finance and Minister of State for Economic Affairs and Investment, Noura…

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Exchange market shuts down as Commerce Ministry cracks down on violators

The Ministry of Commerce, led by Minister Khalifa Al-Ajeel, inspected exchange offices as the compliance deadline expired. Exchange institutions complied…

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Switzerland’s timeless luxury, exquisite elegance awaits Gulf tourists this summer

Swiss luxury embodies a seamless fusion of timeless hospitality, rich traditions, and cutting-edge infrastructure, exuding elegance at every turn. Its…

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Local inflation rises 2.49% year-on-year in February

According to data released by the Central Administration of Statistics yesterday, the consumer price index (CPI) increased by 2.49% in…

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Kuwaiti projects market hits $215 billion amid marginal decline

According to MEED, the Gulf Projects Index also saw a minor decline of 0.04% ($1.5 billion) during the same period,…

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Majority of ‘Money Exchange Shops’ face imminent closure

Informed sources told Al-Qabas that not a single company or exchange institution has applied to the Ministry of Commerce and…

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Mortgage law a game changer for Kuwaiti lenders, reveals “The Banker”

Kuwaiti banks, thriving in a stable market are poised for growth with the upcoming mortgage law reforms. Kuwaiti government’s focus…

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Kuwait’s Central Bank orders immediate suspension of upcoming withdrawals

The Central Bank of Kuwait has issued a directive to local banks, to immediately suspend all upcoming withdrawals until the…

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Foreign investors still underweight on Gulf stocks

International investors have pumped more than $60 billion into Gulf stocks over the past five years but their share of…

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Emerging market local currency bonds rebound amid global uncertainty

A report published by Bloomberg, highlights the increasingly unusual recovery in emerging market local currency bonds. Investors are increasingly turning…

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