Business
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‘S&P’ predicts Kuwaiti banks’ asset quality set to improve further in 2025
A report from Standard & Poor’s Global Credit Rating Agency (S&P) projects Kuwait’s GDP growth to increase to 3% in…
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Government calls for 50% increase in development projects during first half
A government report emphasized the need for greater effort to advance projects that stimulate the private sector, highlighting that returns…
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Gulf States push for increased private sector involvement in infrastructure financing
The Arabian Gulf Business Insight website reported that the decline in oil prices is prompting Gulf countries to involve the…
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Warba Bank acquires Al-Ghanim Group’s 32.75% stake in Gulf Bank
• The deal marks a pivotal step in Qutayba Yousef Ahmed Al-Ghanim Group’s efforts to redirect its investments and provides the…
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Kuwait extends deadlines for $2 billion oil projects
Contractors are anticipating notable extensions to the bidding deadlines for two major oil projects in Kuwait, which are collectively valued…
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Real estate transactions soar by 34% in 2024, reaching KWD 3.73 billion
Kuwait’s real estate market showed strong resilience last year despite challenges faced by certain sectors. Demand for real estate is…
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“Justice Ministry” reports 4,950 properties worth 3.7 billion dinars traded in 2024
Statistics from the Real Estate Registration and Documentation Department at the Ministry of Justice revealed that 4,950 real estate contracts…
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‘KSE’ records 222 million dinars in foreign net purchases
The Kuwait Stock Exchange witnessed strong confidence from foreign investors in the favorable opportunities across all market sectors, evident in…
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Gulf States poised to become central players in renewable energy sector
The Arabian Gulf Business Insight website reported that the current oil price is lower than what Gulf countries require for…
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‘SHEIN’ and ‘TEMU’ dominate Kuwaiti e-commerce with 28,000 daily Orders
Al-Qabas reported that the Chinese e-commerce platforms SHEIN and TEMU are gaining significant business in Kuwait, with SHEIN delivering about…
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