Business
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Electric Vehicle sale jumps 35% reaching record levels in 50 countries
Global electric vehicle (EV) sales recorded a major increase in the second quarter of the year as rising fuel prices…
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Real estate, energy drive Kuwait business lending to 34.15 billion dinars
Kuwaiti banks continued to strengthen their support for the national economy, with financing extended to the business sector rising to…
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Kuwait’s ‘Ubuy’ expands to 180 countries, showcasing Gulf’s global e-commerce ambitions
As cross-border online shopping continues to gain momentum worldwide, Ubuy has positioned itself as one of the region’s leading digital…
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Kuwait ranks among world’s richest countries, places fifth in Gulf and Arab region
At the Gulf and Arab level, Qatar ranked first and placed fifth globally with a per capita income of $120,114.45.…
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Kuwait temporarily suspends new one-person company licenses pending review
The Ministry of Commerce and Industry has temporarily suspended the issuance of new licenses for one-person companies (freelance businesses) as…
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Finance Ministry sets strict spending limits for next fiscal budget
Under the new rules, ministries and government bodies will not be allowed to submit additional budget requests after their draft…
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Moody’s keeps Kuwait’s A1 rating stable as financial buffers surpass 500% of GDP
Moody’s Investors Service has maintained Kuwait’s A1 credit rating with a stable outlook, saying the country’s exceptionally large sovereign and…
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Two consortia vie for 500mw Shagaya Renewable Energy Project
The Public-Private Partnership Projects Authority (PPP Authority) has opened the technical bids for the Shagaya Renewable Energy Project – Phase…
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KOC invites bids for steel production well pipe lining services
Kuwait Oil Company (KOC) has floated a prequalification process for contractors to provide glass-reinforced epoxy (GRE) lining services for steel…
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Global investment giant Blackstone to establish regional office in Kuwait
Blackstone, the world’s largest alternative asset manager, announced plans on Monday to open an office in Kuwait through the Kuwait…
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