Business
-
IPG secures over $1 billion in credit facility renewals
Kuwait’s Independent Petroleum Group (IPG) announced today (Wednesday) that it has signed agreements to renew credit facilities with four local…
Read More » -
From boom to bottleneck: Gulf Projects Market see sharpest drop in years by 40%
The Gulf projects market witnessed a dramatic 40% drop in the value of new contracts awarded between January and May…
Read More » -
WB upgrades Kuwait’s growth forecast to 2.2% amid global slowdown, trade turbulence
In a positive revision, the World Bank has raised its forecast for Kuwait’s economic growth in 2025 to 2.2%, up…
Read More » -
MCI imposes fines on 4,106 companies failing to disclose beneficial owners
The Ministry of Commerce and Industry has started issuing KD 1,000 fines to 4,106 companies that failed to disclose their…
Read More » -
Central Bank General Reserve Fund soars 33.8% to reach 1.943 billion dinars
The General Reserve Fund at the Central Bank of Kuwait recorded its largest monthly increase ever, surging by 33.8 percent,…
Read More » -
OPEC forecasts 24% rise in global energy demand by 2050
During a conference in Canada today (Tuesday), OPEC Secretary General Haitham Al Ghais projected that oil demand will remain robust…
Read More » -
Kuwait sees over 500 property deals worth 387 million dinars in May real estate surge
Statistics released by the Real Estate Registration and Documentation Department at the Ministry of Justice revealed that 530 real estate…
Read More » -
CITRA moves to regulate telecom service distributors in Kuwait
Kuwait’s Communications and Information Technology Regulatory Authority (CITRA) has launched regulatory measures for mobile and virtual telecom service distributors, aiming…
Read More » -
Cryptocurrency prices mixed ahead of U.S.-China trade talks
Cryptocurrency markets experienced mixed performance during yesterday’s trading session, as investors closely watched developments surrounding the anticipated launch of bilateral…
Read More » -
Easing trade tensions boosts global, Gulf markets in May 2025
Despite ongoing uncertainty surrounding the U.S. decision to impose additional tariffs on imports from key trading partners, May 2025 witnessed…
Read More »