Business
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Experts Urge Rapid Development Amid Decline in Kuwait’s Reserve Liquidity
Fahad Al-Shariaan, former Minister of Commerce and Industry, emphasized the importance of providing opportunities for the private sector to participate…
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Kuwait targets financial stability with KD 24.5 billion budget fix, says Al-Mudhaf
Dr. Anwar Al-Mudhaf, Minister of Finance and Minister of State for Economic Affairs and Investment, stated that Kuwait is currently…
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Kuwait, UAE ink deal on double taxation, tax evasion
The Kuwait-UAE agreement covers residents of either nation and allows income earned from property in one country to be taxed…
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Kuwait’s new decree-law boosts global tax information exchange
The new decree-law requires every person to comply with the request for information and provide it to the competent authority…
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Local banks’ cash credit balances soar 3.2% to reach KD 1.74 billion
Industrial financing surged by 200.4 percent, increasing by KD 50.7 million from KD 25.3 million to KD 76 million during…
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Google Cloud opens new offices in Kuwait to accelerate digital transformation
Kuwait Direct Investment Promotion Authority (KDIPA) announced the opening of Google Cloud new offices in Kuwait to promote digital transformation…
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Shipping costs fuel 30% price hike for basic commodities in Kuwait
Global turmoil exacerbates supply chain instability, driving up global commodity prices and inflation post-COVID-19 lockdowns. Mishaal Al-Manea, Chairman of the…
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Kuwait ranks 5th in largest exports in Arab region list
The Arab Investment and Export Credit Guarantee Corporation (Dhaman) said on Monday that Kuwait was ranked fifth in Dhaman’s largest…
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Kuwait’s loan percentage surges to 5.5-6%, totaling KD 9.3 billion
Second were loans at 5.5-6%, making up 16.9% of total facilities at KD 7.7 billion. Third were loans at 4.5-5%,…
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Kuwait Oil Company inks nine contracts to bolster heavy oil production
• The contracts are unique in that they are the first time KOC has signed drilling rig contracts with local…
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