Business
-
Kuwait’s oil sector attracts top global firms for productivity boost
Kuwait Oil Company and BP discuss enhancing cooperation and developing mutually beneficial strategies, including the British firm’s visual proposal for…
Read More » -
Study recommends ‘water taxis’ for marine passenger transit in Kuwait
By 2035, Kuwait needs 39,537 boat storage parking spaces, compared to 23,172 in 2017, 25,698 in 2022, and a projected…
Read More » -
Kuwait’s anti-land monopoly law to preserve market fairness
Prepared by Markaz’s Real Estate Investment Department in the MENA region, the report reviews the new law’s terms and assesses…
Read More » -
Central Bank of Kuwait enhances anti-money laundering audits
The Central Bank of Kuwait mandates global audits for exchange companies on money laundering and terrorist financing laws. Inspect to…
Read More » -
Kuwait inflation up by 3.02 percent
Kuwait’s consumer price index (inflation), on an annual basis, grew by 3.02 percent last March, according to the Kuwait Central…
Read More » -
Kuwait Oil Company clinches 63 rig contracts worth $670 million
Kuwait Oil Company readies technical specifications for a tender to equip drilling sites, valued at over 100 million dinars. Kuwait…
Read More » -
January sees 28% surge as Kuwait issues 1,895 private company licenses
Main company license renewals reached 849 in January, up from 655 in December, marking a 30% increase. Company branch license…
Read More » -
Local banks’ credit balances surge to record 54.37 billion dinars
Loans to Kuwaiti citizens and residents rose by 68 million dinars in the first two months of 2024, reaching a…
Read More » -
Government, public deposits in local banks jump 16.6% to 11.44 billion dinars in 12 months
The private sector held the largest share of deposits in local banks, totaling 37.62 billion dinars until February 2024 The…
Read More » -
Kuwait’s residential real estate market sees 2023 decline in transactions
The report noted a 42% decline in real estate transactions in private residential areas in Al-Ahmadi Governorate, with the Sabah…
Read More »