Business
-
Strong demand from banks; debt offering oversubscribed 10 times
The Ministry of Finance, via the Central Bank of Kuwait, raised an additional KD 150 million in its fifth public…
Read More » -
Kuwait’s Purchasing Managers’ Index rises to 53.5 in July
Kuwait’s Purchasing Managers’ Index (PMI) climbed to 53.5 in July from 53.1 in June, according to data published Tuesday by…
Read More » -
Kuwait’s leading banks dominate stock market rankings over the past decade
A comprehensive 10-year study by the Investment Research Unit at Kuwait Investment Company (KIC) analyzed the top-performing companies on the…
Read More » -
Kuwaiti banking sector sees strong first half with surge in deposits, lending, and assets
Deposits held by residents and non-residents in local Kuwaiti banks saw a notable increase of 6.1 percent by the end…
Read More » -
OPEC+ to raise oil output by 547,000 bpd in Sept; Kuwait supports move
Kuwaiti Oil Minister Tariq Al-Roumi welcomed the recent decision by eight OPEC+ countries to increase oil production by 547,000 barrels…
Read More » -
Deadline to shift control of funds from KCC to brokerage firms is Aug 14
Brokerage firms have begun notifying clients that the deadline to sign mandatory fund transfer pledges — shifting control of funds…
Read More » -
PAI cracks down on industrial offenders, shuts down dozens of shops in South Amghara
The Public Authority for Industry (PAI) has ordered the closure of 53 industrial, craft, and service establishment in the South…
Read More » -
Trump’s new tariffs put a price tag on beauty as K-cosmetics face U.S. squeeze
South Korea’s globally popular beauty industry — known as K-beauty — is feeling the pressure from new U.S. import tariffs…
Read More » -
GCC bond and sukuk issuances drop to $92 bln in H1 2025, marking 5.5% decline
The Kuwait Financial Centre “Markaz” reported that the total value of primary bond and sukuk issuances in the Gulf Cooperation…
Read More » -
Tata Motors steering toward the future; acquires Iveco in $4.5 billion mega deal
Tata Motors has finalized a $4.5 billion agreement to acquire Italian commercial vehicle manufacturer Iveco, marking the company’s largest acquisition…
Read More »